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Applyflow Limited ( (AU:FMR) ) has provided an update.
FMR Resources reported encouraging early drilling results for the December 2025 quarter, highlighted by its first hole at the Llahuin Project’s Southern Porphyry target in Chile intersecting a shallow mineralised epithermal zone, including a peak assay of 1.7% copper, above indicators of a vertically extensive porphyry copper system at depth. The company also completed maiden drilling at the Goshen Prospect in its Canadian Fairfield Project, showing shallow copper mineralisation aligned with geophysical and soil anomalies, while strengthening its board with the appointment of Cameron Peacock as a non-executive director and closing the quarter with A$4.54 million in cash, positioning FMR to continue testing what it describes as a potential company-making copper discovery.
The most recent analyst rating on (AU:FMR) stock is a Hold with a A$0.30 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-listed mineral exploration company focused on copper, gold and molybdenum, with its flagship Llahuin Project in central Chile and additional exploration interests at the Fairfield Project in New Brunswick, Canada. Through a joint venture with Southern Hemisphere Mining at the Southern Porphyry target area, FMR is pursuing large-scale porphyry copper discoveries along a 6km corridor that has demonstrated fertility and historic shallow copper mineralisation.
Average Trading Volume: 225,522
Technical Sentiment Signal: Sell
Current Market Cap: A$15.11M
Learn more about FMR stock on TipRanks’ Stock Analysis page.