Magnetic Resources (MAU) Investor presentation summary
Event summary combining transcript, slides, and related documents.
Investor presentation summary
5 May, 2026Investment highlights and strategic positioning
Holds advanced gold and copper projects in two of Australia’s premier mining regions, offering significant discovery potential.
Strategic partnership with FMG Resources includes a $14m farm-in and JV, with FMG as the largest shareholder at 19.9%.
Projects provide exposure to both gold and copper markets, with ongoing drilling programs and exploration upside at Weebo, Myall, and Wellington North.
Drilling continues into 2026, leveraging near record-high gold and copper prices.
Project portfolio and exploration progress
Weebo Gold Project in WA Goldfields covers 136km² (granted) plus 114km² (pending), near five major gold mines with 12Moz past and 12Moz current resources.
Four drill programs completed at Weebo since acquisition, with advanced and early-stage targets such as Ockerburry, Scone Stone, Otto, Scholls Find, and West Gold.
Ockerburry 5km trend and Scone Stone 800m trend confirmed by AC/RC drilling, with significant shallow gold mineralisation and high-grade intercepts.
Phase 3 drilling at Weebo planned for May 2026, targeting high-grade extensions and new gold lodes.
East Lachlan copper-gold province and Myall Project
Myall Project (NSW) is subject to a $14m farm-in by FMG, with an initial inferred resource of 110Mt at 0.33% CuEq (354kt CuEq).
Corvette and Kingswood deposits at Myall have returned wide intersections, including 241m at 0.55% CuEq.
FY26 exploration budget increased to $3.9m, with 16 diamond holes (6,240m) completed and further assays pending.
Myall is considered a Northparkes lookalike, with potential for a cluster of porphyry copper-gold deposits.
Latest events from Magnetic Resources
- Genesis to acquire all shares at A$2.00 each, unlocking synergies with Lady Julie Gold Project.MAU
Q3 2026 TU15 Apr 2026 - Major gold resource upgrade, $14.2M loss, and $35M capital raise highlight FY25.MAU
H2 202524 Mar 2026 - LJN4 resource surged 57% to 1.49Moz, with strong cash reserves and ongoing expansion drilling.MAU
H2 202424 Mar 2026 - Feasibility completed, capital raised, and acquisition proposed, valuing equity at A$639 million.MAU
H1 202615 Mar 2026 - Genesis takeover at AUD 2/share brings premium, growth, and major synergies at Lady Julie North 4.MAU
RIU Explorers Conference 202618 Feb 2026 - A$639m acquisition of Magnetic boosts resources to 21Moz and accelerates “ASPIRE 500” growth.MAU
Investor presentation15 Feb 2026 - High-grade gold project advances to production with strong economics and resource growth.MAU
Diggers & Dealers Mining Forum 20253 Feb 2026 - Lady Julie Gold Project resource grows to 2.24Moz, with strong cash and further drilling underway.MAU
Q2 2026 TU26 Jan 2026 - Feasibility Study shows 9-year, high-margin gold project with strong growth and 2027 production target.MAU
AGM 2025 Presentation14 Nov 2025