Magma Metals

Magma Metals Limited was incorporated in June 2005 to undertake exploration, discovery and development of precious and base metals mineral deposits in Australia and Canada. Magma listed on the ASX on the 2 June 2006 and on the TSX on 12 November 2009 with the ticker "MMW". Since listing on the ASX, the Thunder Bay North project in Ontario has emerged as the Company’s principal project. This is a greenfields discovery of a potentially large platinum-palladium-copper-nickel deposit near the city of Thunder Bay. Intensive resource definition and exploration drilling programs are in progress to establish the scale of this discovery. Magma also has precious and base metals exploration projects in the Yilgarn and East Kimberley regions of Western Australia. The Company’s principal base is in Perth, Western Australia, one of the world’s foremost centres for exploration and mining expertise and services. A Perth base enables the Company to focus appropriate technical and commercial resources on its project opportunities. Magma also has an exploration office in Thunder Bay, Ontario and a small corporate office in Toronto to manage the Company’s projects in Canada.