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Magmatic Resources MAG.AX · AUD

Materials · ASX · 🇦🇺 Australia

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Close of 9 Nov 2026, in AUD

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About Magmatic Resources

Its shares trade on ASX under the ticker MAG.AX. It has been listed since 19 May 2017. In the fiscal year to 30 June 2025, it reported revenue of A$472,907 and a net loss of A$2.2m. At that date it held total assets of A$8.8m and shareholders' equity of A$7.5m.

Magmatic Resources Ltd. engages in the provision of mineral exploration. The company is headquartered in Nedlands, Western Australia. The company went IPO on 2017-05-19. The Company’s projects include the Wellington North Project, the Parkes Project and the Myall Project. The Wellington North Project covers the northern extension of the Molong Volcanic Belt. The Myall Copper-Gold Project covers the northern extension of the Junee-Narromine Volcanic Belt, located approximately 50 kilometers (km) north and along strike from the Northparkes copper-gold Mining District. The Myall comprises a single contiguous tenement of 244 square kilometers (EL6913) located within the Ordovician Narromine Igneous Complex, which is one of the many arc fragments that form part of the Junee-Narromine Volcanic Belt. The Parkes Project comprises two exploration licenses located within the Parkes Fault Zone, approximately 25 km south from Alkane’s Tomingley Gold Operations.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
19 May 2017

Leadership

Pay as last reported

  • Mr. David BerrieNon-Executive Chairman of the Board, since 2016A$199,745
  • Mr. Michael FranklinChief Financial OfficerA$112,937
  • Mr. David RichardsonManaging Director, Executive Director, since 2020A$449,786
  • Ms. Anthea AcombJoint Company Secretary
  • Ms. Andrea BettiJoint Company Secretary
  • Ms. Christine NicolauNon-Executive Director
  • Mr. Malcolm NorrisNon-Executive Independent Director, since 2024A$220,310

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • The company operates in the materials sector within Australia.
  • It has three distinct exploration projects in its portfolio.
  • The firm is publicly traded on the stock exchange.

Weaknesses

  • The business model relies entirely on mineral exploration.
  • It has no mentioned production or revenue streams.
  • The company is headquartered in a regional city.

Opportunities

  • The Myall project is near a known mining district.
  • The Wellington North site extends a volcanic belt.
  • Further exploration could reveal new mineral deposits.

Threats

  • Exploration results may not lead to viable reserves.
  • Competition exists from other mining companies.
  • Market conditions for materials can be volatile.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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