What did Magmatic Resources (ASX:MAG) announce regarding its Weebo Gold Project?

Magmatic Resources has officially commenced its Phase 3 drilling programme at the Weebo Gold Project in the Eastern Goldfields of Western Australia. The exploration campaign involves a total of 6,745 metres of drilling.

Why does the Phase 3 drilling programme matter for Magmatic Resources (ASX:MAG) shareholders?

This programme is designed to systematically advance key bedrock targets and test the extensions of known gold anomalies. By proving up these targets, Magmatic Resources aims to uncover the full economic potential of the Weebo Project.

What is a dual-rig approach, and how is Magmatic Resources (ASX:MAG) using it?

A dual-rig approach means the company is running two different types of drill rigs simultaneously on-site to optimise exploration. Magmatic Resources has newly started Reverse Circulation (RC) drilling to target deeper bedrock mineralisation.

What are the specific targets for the RC drilling portion of the Weebo Gold Project campaign?

The campaign allocates 1,745 metres to RC drilling to advance key bedrock targets across four specific prospects. It will target bedrock mineralisation at Ockerburry 1 and 3, and test lateral and down-dip mineralisation at Scone Stone.

What is the purpose of the 5,000-metre Air Core drilling programme at Weebo?

The 5,000-metre AC drilling campaign is underway to test the extensions of previously defined gold anomalies from Phases 1 and 2. This extensive shallower drilling will focus heavily on the Wheel of Fortune 1, Wheel of Fortune 4, and West Gold prospects.

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Magmatic Resources commences Phase 3 drilling at Weebo Project

Written by Liezl GambePublished May. 28 2026Last Updated May. 28 2026

Magmatic Resources (ASX:MAG) commenced its Phase 3 drilling programme at the Weebo Gold Project, located in the highly prospective Eastern Goldfields of Western Australia.

The campaign comprises a total of 6,745m of drilling, designed to aggressively build upon the data collected during the company's Phase 1 and Phase 2 programmes.

The exploration strategy features a dual-rig approach. Reverse circulation drilling has newly commenced on-site, alongside ongoing aircore drilling operations.

The Phase 3 programme allocates 1,745m to RC drilling as a crucial "next step" to advance key bedrock targets.

The portion of the campaign will specifically target bedrock mineralisation at Ockerburry 1 and 3, test lateral and down-dip mineralisation at Scone Stone, investigate significant intercepts at Otto 2 under Permian glacial cover, and test high-priority gold shoots at Sholl’s Find.

5,000m of AC drilling is underway to test the extensions of known gold anomalies.

The extensive AC programme will focus heavily on advancing the Wheel of Fortune 1, Wheel of Fortune 4, and West Gold prospects to make them RC drill-ready.

By executing this systematic, multi-phase exploration programme, Magmatic Resources aims to uncover the full economic potential of the Weebo Project's bedrock targets and expand its footprint in a premier gold-producing region.