Magmatic Resources Limited is pleased to update the market with the results from its geological, geochemical, lithogeochemical, and geophysical work on its 100%-owned porphyry Copper Gold Myall project. Work by previous explorers and recent work by Magmatic geologists and consultants has led Magmatic to formulate an Exploration Model based on a Northparkes analogue. Magmatic believe that the Myall project has the geological features and under-explored search space available to identify Northparkes-style porphyry Copper Gold deposits and the following work has recently been completed. There are over 12 porphyry Copper Gold centres at Northparkes with 5 main deposits with dimensions (at 0.5% Cu cut-off, (Figure 1) of 80 to 350m wide, 350 to 500m long, and <1,000m deep with a current resource of 481.52Mt at 0.56% Cu and 0.18 g/t Au and contained 3.4 Mt Copper and 3.8 Moz Gold. Deposit shape in plan is sub-circular, to irregular, to lenticular (Figure 1), and these deposits have a depth extent which greatly exceeds their plan footprint. References: Heithersay and Walshe, 1995, and Owens et al, 2017. Additionally, at SLR prospect, there is a significant end-of-hole anomaly of 1m at 0.22% Cu with visible chalcopyrite in an aircore hole (Figure 3) which has not been followed up. This is a significant, untested porphyry Copper Gold target requiring immediate drilling. The porphyry Copper Gold system at Kingswood has chalcopyrite-pyrite-bornite-molybdenite sulphide mineralisation hosted in potassic altered, magmatic-hydrothermal breccias, quartz stockwork vein arrays, and sheeted and massive magnetite vein systems.