Magna became active in Namibia in mid 1999 and acquired 7 Exclusive Prospecting Licences (EPL) in the Erongo region. Magna has recently had four of these EPLs extended to June 2009. The Erongo region was targeted due to the presence of wide spread mineralisation, the vast scale of geological structures, and the close proximity to world class mines such as the world's largest hard rock tin mine (Uis) and the huge Navachab Gold Mine. Also located along the same geological corridor is the famous Tsumeb Copper Mine.

Geological evaluations have identified four (4) different styles of gold mineralisation along strike from, and on parallel structures to, the Navachab gold resource located adjacent to the tenements. These gold occurrences will be the target of further exploration along with associated copper in many cases.

Also within Magna's Erongo project area is known tantalite mineralisation that extends over a 50 kilometre length of the Sanamap-Erongo pegmatite belt. Exploration and evaluation of the known tantalite deposits is currently on hold while the Company focuses it's efforts on the gold and copper potential of the region.

The following table summarises known mineralised prospects in the Erongo project: