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An update from Applyflow Limited ( (AU:FMR) ) is now available.
FMR Resources has completed diamond drillhole 26LHDD072, the third hole in its Phase I program at the Southern Porphyry target within the Llahuin Project JV in Chile. The hole, drilled to 1,038.2 metres at Target K, was positioned between existing Targets A and C to test a structurally and geophysically defined corridor for porphyry mineralisation.
The drilling intersected multiple porphyry intrusive phases, including andesitic, diorite, and granodiorite porphyries, over broad intervals between 251 metres and 825 metres downhole. These units host stockwork veining, silicification, breccias, and visible copper and molybdenite sulphides in quartz–sulphide veinlets and disseminations, consistent with a mineralised copper–molybdenum porphyry system.
Preliminary structural interpretations suggest that the completed hole has intersected the outer mineralised zones, with vectors indicating a more prospective mineralised source to the south, east, and at depth. The company’s refined view is that a mapped MT anomaly likely reflects pyrite-rich peripheral mineralisation around a copper–molybdenum core, and planning is under way for the next drillhole to target this interpreted core zone.
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 mineral exploration company listed on the ASX and focused on porphyry-style copper and molybdenum systems. Through the Llahuin Project Joint Venture in Chile with Southern Hemisphere Mining, the company is targeting large-scale copper–molybdenum mineralisation, using integrated geological, structural, and geophysical datasets to define drill targets in the Southern Porphyry area.
Average Trading Volume: 151,934
Technical Sentiment Signal: Sell
Current Market Cap: A$13.09M
See more data about FMR stock on TipRanks’ Stock Analysis page.