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Fortescue-backed Myall joint venture hits high-grade gold
A total of 16 drill holes have returned high-grade copper and gold intercepts for Magmatic Resources at its Fortescue-backed Myall project in New South Wales. The results come from the company’s 2026 financial year (FY26) exploration programs at the Myall farm-in and joint venture agreement (FJVA) copper-gold project, where a combination of aircore, induced polarisation (IP) and diamond drilling has begun to define the broader mineralised system. The Myall project is a joint venture with FMG Resources Pty Ltd – a wholly owned subsidiary of Fortescue – which is funding exploration under an expanded FY26 budget ... (full story)
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- May 4, 2026 1:53am Posted byFundamental Analysis167
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