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Frontier Resources Limited ( (AU:FUN) ) has issued an announcement.
Fortuna Metals Limited has announced the acquisition of two exploration licenses, the Mkanda and Kampini Projects, in Malawi’s emerging rutile province. This strategic move positions the company near Sovereign Metals Limited’s significant Kasiya deposit, offering potential for major discoveries in rutile and graphite. The appointment of Tom Langley as CEO, with his extensive experience in exploration and mining geology, is expected to drive the company’s exploration efforts and capitalize on the promising geological prospects of the acquired projects.
More about Frontier Resources Limited
Fortuna Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the acquisition and exploration of rutile and graphite projects, with a market focus on emerging mineral provinces in Africa.
YTD Price Performance: 112.12%
Average Trading Volume: 324,548
Technical Sentiment Signal: Sell
Current Market Cap: A$11.62M
For an in-depth examination of FUN stock, go to TipRanks’ Overview page.