|The information in this article is up-to-date as of version Early Access v0.8.6|
Magical Essence can be found as loot from:
Magical Essence can be used to craft the Summon Mount Potion. It requires 5 Magical Essence and a minimum of 90 Alchemy Skill.
Magical Essence can be used to cast the Summon Mount spell. It requires 1 Magical Essence and a minimum of 60.7 Manifestation skill.
Magical Essence was added to the game in Early Access v0.8.6 ("Point Release 5").