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An announcement from Applyflow Limited ( (AU:FMR) ) is now available.
FMR Resources Limited has completed the first drillhole of its Phase I program at the Southern Porphyry target, reaching a depth of 1,469.10 meters. The geological observations confirm a large, vertically extensive porphyry copper system with various mineralization and alteration features. While the main MT conductive feature has not yet been intersected, the data supports the presence of a mineralized intrusive corridor. The company plans to integrate downhole geophysics and whole-rock analysis to refine their interpretation before selecting the next drillhole, which could significantly impact their exploration strategy and industry positioning.
More about Applyflow Limited
FMR Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in a joint venture with Southern Hemisphere Mining Limited in Chile, targeting porphyry copper systems.
Average Trading Volume: 255,459
Technical Sentiment Signal: Hold
Current Market Cap: A$17.88M
See more data about FMR stock on TipRanks’ Stock Analysis page.