Sept 18 (Reuters) - Magmatic Resources Ltd MAG.AX :
* PROPOSES TO DEMERGE ITS MOOREFIELD GOLD PROJECT IN CENTRAL LACHLAN FOLD BELT INTO ITS UNIT AUSTRALIAN GOLD AND COPPER LTD
* UNIT TO PURCHASE TWO CENTRAL LACHLAN GOLD/POLYMETALLIC PROJECTS FROM PRIVATE COMPANY, NEW SOUTH RESOURCES PTY LTD
* NSR WILL RECEIVE AS CONSIDERATION AGC SHARES AMOUNTING TO A 40% INTEREST IN AGC PRE IPO