Magmatic Resources Ltd (ASX:MAG) MD Adam McKinnon speaks with Proactive after welcoming its first inferred mineral resource estimate (MRE) for the Corvette and Kingswood deposits at its 100%-owned Myall Project, some 60 kilometres north along strike of the Northparkes Mine in central New South Wales. This MRE comes in at 110 million tonnes for the two prospects, at 0.33% copper equivalent (0.27% copper, 0.07 g/t gold, 0.8 g/t silver and 10 parts per million (ppm) molybdenum) at a 0.20% copper equivalent cut-off.
Magmatic Resources sees potential rapid growth for Corvette and Kingswood
