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Mining & Resources
Magmatic Resources and Fortescue announce $14m JV to explore Myall’s copper-gold potential
The share price of Magmatic Resources (ASX: MAG) jumped more than 50% after it revealed it had executed a $14 million farm-in and joint venture agreement with FMG Resources Pty Ltd, a wholly-owned subsidiary of mining giant Fortescue (ASX: FMG), to explore the Myall copper-gold project in central-west New South Wales. Fortescue has also agreed […]
Mining & Resources
Magmatic Resources regains Parkes copper-gold project after Japan Oils and Gas Metals National Corporation pulls out
Magmatic Resources (ASX: MAG) advised the market this morning that Japan Oils and Gas Metals National Corporation (JOGMEC) has pulled out of the Parkes copper and gold joint venture after spending $2.7 million on advancing the asset over the past three years. The project is along strike of Alkane Resources’ (ASX: ALK) Tomingley mine and […]
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