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Magmatic Resources' projects put them 'in a very strong position as a junior explorer'

Magmatic Resources Ltd (ASX:MAG) managing director David Richardson speaks to Proactive Investors about the exploration company and its portfolio of assets in New South Wales and Western Australia.

"The biggest value we can add to shareholders is a discovery… We've got 6 projects, 12 tenements, about 50 targets; some at early stage, some at advanced. So our challenge, and our goal really, short-term is to drive and find a discovery, and define a resource in our near-surface potential for open-pit gold projects. And, in terms of providing a big opportunity in the future, [our goal] is to joint venture our major copper porphyry projects with some major companies, and we've already been very successful,” says Richardson.

 

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