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Applyflow Limited ( (AU:FMR) ) has issued an update.
FMR Resources reported that Phase I drilling has been completed at the Southern Porphyry target area within the Llahuin Project joint venture in Chile, where multiple porphyry intrusive phases with visible copper and molybdenite sulphides indicate the outer zones of a large mineralised system. The company is now consolidating data to design a Phase II drill program, while initial assays from the Goshen Prospect at its Fairfield Project in Canada confirm the presence of a mineralised system, and it ended the quarter with cash of $3.077 million, underpinning ongoing exploration activities.
More about Applyflow Limited
FMR Resources Limited is an Australia-based mineral exploration company focused on copper, gold and molybdenite projects. The company’s key assets include the Llahuin copper-gold-molybdenite joint venture in central Chile and the Fairfield Project in New Brunswick, Canada, positioning it within the global base and precious metals exploration sector.
Average Trading Volume: 149,305
Technical Sentiment Signal: Sell
Current Market Cap: A$11.08M
For a thorough assessment of FMR stock, go to TipRanks’ Stock Analysis page.