Magma Metals Limited (Magma) is engaged in mineral exploration and project evaluation in Canada and Australia. The Company is focused on exploration and development of Thunder Bay North platinum-palladium-copper-nickel project in north-western Ontario. Exploration in Canada is undertaken by Magma's wholly owned subsidiary, Magma Metals (Canada) Limited, from a base in Thunder Bay. In addition, the Company has projects in Western Australia where the Griffins Find gold project was the main focus of exploration. It also conducted minor exploration programs including the Laverton, Mt Jewell and East Kimberley projects in Western Australia during the fiscal ended June 30, 2011. As of June 30, 2011, the Company has two wholly owned subsidiaries: Magma Gold Pty Ltd and Magma Metals (Canada) Limited.