Magmatic Resources Ltd (ASX:MAG) is working to emulate the successes of other explorers and producers in the eastern section of the Lachlan Fold Belt in NSW as managing director Peter Duerden told this week’s Proactive Resources Webinar.
The company is very active in this region where Alkane Resources Limited (ASX:ALK) has its Tomingley Gold Operations and is particularly encouraged by signs from its exploration tenements surrounding that company’s Boda gold-copper discovery.