Magmatic Resources Limited announced that a diamond drill rig has mobilised to the Kingswood target within the Myall Project (100% MAG). Leveraging the ongoing encouraging work conducted by Magmatic's exploration team, recent 3D modelling and comparisons with the Northparkes Porphyry Mining District highlight a priority copper-gold porphyry discovery opportunity at the Kingswood target. Review of the Myall datasets indicates that the Kingswood target shows the dimensions, alteration, host rocks and intrusive margin setting consistent with the Northparkes E26 Porphyry Mine (China Molybdenum/Sumitomo) with an existing open zone of porphyry mineralisation providing a compelling drill target. The current diamond drillhole at Kingswood is designed to test the Northparkes porphyry lookalike target and downdip from mineralisation in historic drilling, including 70m @ 0.54% Cu, 0.15g/t Au from 141m. The existing mineralisation is associated with strongly developed potassic porphyry alteration and is interpreted to represent the top of a Northparkes E26 style copper-gold porphyry system. Magmatic's 100%-owned Myall Project (EL6913) covers 244km2 of the northern portion of the Junee- Narromine Belt, within the East Lachlan. The area is considered highly prospective for Northparkes style copper-gold porphyry and epithermal gold mineralisation. Ongoing exploration activity indicates strong geological, geochemical and geophysical similarities between the Myall District and the China Molybdenum/Sumitomo Northparkes copper-gold mining district, located 60km south.