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Applyflow Limited ( (AU:FMR) ) has provided an update.
FMR Resources Limited has commenced its maiden drilling program at the Southern Porphyry target within the Llahuin Project Joint Venture in Chile. The Phase I program involves approximately 4,000 meters of diamond drilling over three months, aiming to test a large porphyry copper system. The initial drillhole, planned to reach 1,600 meters, will test geophysical models and the potential for significant mineralization. The results are expected to refine the company’s understanding of the system and guide future drilling stages.
More about Applyflow Limited
FMR Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that target porphyry copper systems, with a market focus on expanding its resource base through strategic joint ventures and exploration activities.
Average Trading Volume: 179,720
Technical Sentiment Signal: Buy
Current Market Cap: A$19.7M
See more data about FMR stock on TipRanks’ Stock Analysis page.