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Applyflow Limited ( (AU:FMR) ) has shared an announcement.
FMR Resources Limited has completed downhole geophysical surveys at Target A, revealing a larger-than-expected magnetotelluric (MT) zone, suggesting the primary MT source remains untested. The company has commenced drilling at Target C, which is characterized by a strong MT response closer to the surface, aiming to explore potential porphyry copper sulphide assemblages. This development enhances FMR’s understanding of the Southern Porphyry system, potentially unlocking the mineralized core and strengthening its position in the mining industry.
More about Applyflow Limited
FMR Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in the Llahuin Project Joint Venture with Southern Hemisphere Mining Limited in Chile, targeting porphyry copper systems.
Average Trading Volume: 280,200
Technical Sentiment Signal: Sell
Current Market Cap: A$12.84M
Learn more about FMR stock on TipRanks’ Stock Analysis page.