FMR Resources Starts Key Drillhole at Target K in Chilean Porphyry Program

Applyflow Limited ( (AU:FMR) ) just unveiled an announcement.

FMR Resources has commenced diamond drillhole 26LHDD072 at Target K, the third hole in its Phase I program at the Southern Porphyry prospect within the Llahuin Project Joint Venture in Chile. The company is concentrating on a corridor between earlier holes at Targets A and C, guided by detailed geological observations, structural vein data, and alteration patterns that point to a potential core of the porphyry system.

Target K lies between the previously drilled Targets A and C and has been defined using structural, alteration, and geophysical vectors, including magnetotelluric and induced polarisation models. Downhole geophysical data from Target C are being processed for integration with existing models, and the new hole is also designed to extend toward a deeper geophysical anomaly, potentially refining FMR’s understanding of the Southern Porphyry system and enhancing the project’s exploration outlook.

The most recent analyst rating on (AU:FMR) stock is a Hold with a A$0.22 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 ASX-listed resources company focused on mineral exploration, with current activities centred on the Southern Porphyry target within the Llahuin Project Joint Venture in Chile. The company is exploring porphyry systems, using geological, structural, and geophysical data to define drill targets that may host significant mineralisation.

Average Trading Volume: 181,142

Technical Sentiment Signal: Sell

Current Market Cap: A$11.33M

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