tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

FMR Resources Identifies High-Priority Drill Target at Southern Porphyry

Story Highlights
FMR Resources Identifies High-Priority Drill Target at Southern Porphyry

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

FMR Resources Limited has announced the refinement of a significant drill target at the Southern Porphyry prospect within the Llahuin Project in Chile. The reprocessed geophysical data, including aeromagnetic, magnetotelluric, and induced polarisation surveys, have identified a coherent pattern of anomalies typical of a copper porphyry system. This development aligns with surface mapping and historic drillhole data, indicating a high-priority target for Phase I drilling, set to commence in early Q4 2025. The announcement underscores FMR’s strategic focus on advancing its exploration efforts in this mineral-rich corridor, potentially enhancing its market positioning and offering promising implications for stakeholders.

More about Applyflow Limited

FMR Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that target copper, gold, and molybdenum porphyry systems, with a particular emphasis on the Llahuin Project in collaboration with Southern Hemisphere Mining Limited in Chile.

Average Trading Volume: 199,106

Technical Sentiment Signal: Hold

Current Market Cap: A$15.55M

For an in-depth examination of FMR stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1