News for Magmatic Resources Limited (MAG.AX)

The Australian market looks set to continue its trickling down slide through…

Magmatic Resources Ltd has identified a 6km copper trend through exploration at its prospect along the Lachlan Fold Belt in NSW.

Magmatic Resources Ltd has seen the Lady Ilse prospect at its Wellington North increase significantly through recent aircore drilling work.

Welcome to the start of Tuesday. The ASX200 is set for a second flat day with futures up 0.03% near 8.30am AEDT.

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from global markets overnight, amid rising optimism about interest rate cuts by major global central banks continued to inspire traders to get back into the markets.

The ASX200 has peaked at a record 7838 points around midday (AEDT). Meanwhile at 2pm, the All Ordinaries index (largest 500 companies) hit 8098 points which is another all time high.

ASX-listed microcap explorer Magmatic Resources' (ASX:MAG) shares were up 40% out the gate on Friday as Fortescue snatches up a 19.9% stake.

Records fell on US markets overnight – the Nasdaq and S&P500 both gained more than a per cent to exceed previous highs. It’s a lead in that’ll see the ASX 200 strive - yet again – for record territory.

The ASX200 is set to rise with futures up 0.39 per cent or 27pts near 8:30 am AEDT.

ASX futures are anticipating a bearish market opening this morning in the lead-up to the US Federal Reserve's two-day policy meeting.

Magmatic Resources (ASX:MAG) has announced plans for a new high-impact drilling campaign at its Myall project in New South Wales.

Despite a doubling in copper demand by 2035, the world faces a looming supply shortage that could hamper the green energy transition.

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On Stockhead today, Nadine makes the case for The Small Cap as ETF. We've got UBS, China and a heap of rocks, some metals. And Gregor.

The benchmark has finished the day flatter than a cartoon cat, but Riedel stands out as champion with a 50% rise on the back of golden news.

Sydney, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered...

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