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Applyflow Limited ( (AU:FMR) ) has shared an announcement.
FMR Resources has completed its second diamond drillhole (25LHDD071) at Target C within the Southern Porphyry prospect of the Llahuin Project in Chile, extending the hole to 1,490.65 metres after intersecting visible chalcopyrite- and molybdenum-bearing veinlets associated with a key magnetotelluric anomaly. Geological logging and downhole geophysical surveys indicate extensive phyllic alteration and sulphide veining consistent with the peripheral or halo zone of a mineralised porphyry copper system, providing critical geological, structural and geophysical data that the company says will refine the interpreted position of the main porphyry core and sharpen targeting for the next phase of drilling.
The most recent analyst rating on (AU:FMR) stock is a Hold with a A$0.25 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 porphyry-style copper and molybdenum systems, including its involvement in the Llahuin Project joint venture in Chile with Southern Hemisphere Mining Limited. The company targets large magmatic–hydrothermal systems, using advanced geophysical techniques such as magnetotellurics, IP chargeability, and downhole logging to refine drilling at priority prospects like the Southern Porphyry targets.
Average Trading Volume: 175,494
Technical Sentiment Signal: Sell
Current Market Cap: A$12.59M
See more data about FMR stock on TipRanks’ Stock Analysis page.