FMR Resources Extends Drilling at Chilean Southern Porphyry With Broad Mineralised Intersections

Applyflow Limited ( (AU:FMR) ) has issued an announcement.

FMR Resources has completed diamond drillhole 26LHDD073 to a depth of 1,068 metres at Target L within its Southern Porphyry prospect in Chile, intersecting multiple mineralised stockwork breccia and porphyry intrusive phases between 144 and 815 metres downhole. Visible copper and molybdenite mineralisation, confirmed as anomalous copper via portable XRF, supports interpretation of an extensive porphyry-related copper–molybdenum system on the margin of an elongate intrusive corridor initially identified at nearby Target K.

The hole is the fourth in the company’s Phase I program, which has now exceeded its original 4,000‑metre plan, drilling more than 5,000 metres and confirming both a shallow epithermal system and a deeper porphyry system at Southern Porphyry. FMR plans a Phase II drilling campaign to be guided by full-suite assays and integrated geological, geochemical and geophysical analysis, aiming to vector towards and test the higher‑grade core of the Southern Porphyry mineralised system, potentially enhancing the project’s development prospects for stakeholders.

The most recent analyst rating on (AU:FMR) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Applyflow Limited stock, see the AU:FMR Stock Forecast page.

More about Applyflow Limited

FMR Resources Limited is an Australian exploration company focused on copper and molybdenum targets, with key activities at the Southern Porphyry prospect within the Llahuin Project joint venture in Chile. The company is advancing a portfolio of porphyry and epithermal systems, using integrated geological, geochemical and geophysical datasets to define large-scale mineralised corridors.

Average Trading Volume: 151,000

Technical Sentiment Signal: Sell

Current Market Cap: A$13.85M

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