Ann: Magmatic Exploration Activity Update, page-5

Don't think MAG has any say on Myall, even though they're the "operator".

FMG is paying for everything at Myall, and they're the biggest shareholder of MAG by far, so what they say goes. You'd think.

Anyway, at least drilling is under way, so hopefully we get something out of it (visuals, good results/extensions, new discovery, etc), and they also acquired quite a bit more ground around Parkes/next to ALK's mining operations.

Apart from that, nothing too exciting from Parkes and North Wellington.

Cheers,

GB.