Short Term Trading Week Starting: 20 Jan, page-72

MAG shaping up to be potentially one the best Au/Cu stocks to hold for 2020.

The MOGOA's have been trending up nicely recently. ALK's Boda drill assay results due out by end of next week. Could be one the best nearology plays on the market currently.

New Manager Peter Duerden set to come onboard on 3/2/20....

Magmatic's current Managing Director, Mr David Richardson, who will become Executive Chairman upon Mr Duerden’s appointment said “Peter is a leading expert on East Lachlan gold-copper porphyry systems. He led Alkane Resources’ North Molong Belt gold-copper porphyry exploration for 10 years and his work contributed significantly to Alkane’s recent Boda gold-copper porphyry discovery. In addition, Peter served as district geologist for Newcrest at Cadia Valley which provides him a unique insight for advancing the Company’s assets in the northern Molong Belt and wider East Lachlan.”

Mr Peter Duerden said “I am excited to be joining Magmatic at this stage in its East Lachlan exploration strategy. The recent Boda gold-copper porphyry discovery has highlighted the potential of the northern Molong Belt for Tier 1 gold-copper discoveries where the Company holds a portfolio of advanced targets and dominant tenure position. The Boda discovery has upgraded many of Magmatic’s targets in the area, in particular the Lady Ilse Prospect which shows strong similarities and represents a compelling drill ready opportunity. The Company also holds a strategic position in the Parkes Fault Zone, which is emerging as an orogenic gold discovery hotspot and provides further opportunity to add significant value via near term exploration success.”