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Applyflow Limited ( (AU:FMR) ) has issued an announcement.
FMR Resources has commenced diamond drilling of hole 26LHDD073 at Target L, the fourth drillhole in its Phase I program at the Southern Porphyry prospect within the Llahuin Project joint venture in Chile. The new hole is planned to a depth of 1,200 metres and is designed as a systematic step closer to the interpreted mineralised core of the porphyry system.
Target L has been defined using integrated structural, geochemical, petrographic and geophysical data, including results from prior hole 26LHDD072 that intersected multiple porphyry intrusive phases with associated copper and molybdenum sulphides. The updated structural and geochemical vectors, indicating increasing complexity toward the porphyry source, suggest that the current drilling could materially improve FMR’s understanding of the system and refine future targeting for potential resource definition.
The most recent analyst rating on (AU:FMR) stock is a Sell with a A$0.28 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 advancing porphyry copper–molybdenum targets. The company is currently exploring the Southern Porphyry target within the Llahuin Project joint venture in Chile alongside Southern Hemisphere Mining Limited, aiming to delineate a significant mineralised intrusive system.
Average Trading Volume: 152,803
Technical Sentiment Signal: Sell
Current Market Cap: A$14.1M
See more insights into FMR stock on TipRanks’ Stock Analysis page.