STTCOMP MAG FA LongMagmatic Resources - Magmatic has four East...

STTCOMP MAG FA Long

Magmatic Resources - Magmatic has four East Lachlan Projects including the Wellington North Project which is located only 2km from Alkane’s Boda discovery in NSW.

MC = $8.8 Million.
SOI = 117 Million shares.
Share Price = .075c
Cash = $234,000 ( Possible CR due.)

 Alkane have made two recent discoveries in the East Lachlan: Boda at their Northern Molong Porphyry Project and south of their Tomingley Gold Mine
 Both of these projects are very close to Magmatic’s projects with the significant Boda discovery being 2km from the Bodangora licence.

Managing Director David Richardson said: “We are very excited by Alkane’s recent discoveries and their results underpin our decision on becoming an East Lachlan explorer. Alkane’s discovery at Boda is particularly significant for our Wellington North project with our three licences abutting Alkane’s discovery licence, and our Bodangora licence only ~2km away to the southeast.”