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Frontier Resources Limited ( (AU:FUN) ) has issued an announcement.
Fortuna Metals Limited has identified significant titanium mineralisation in historical drill holes at its Mkanda and Kampini projects in Malawi, indicating potential for widespread rutile deposits. The company’s recent soil sampling and drilling efforts aim to verify these findings, with results expected soon. Positioned near Sovereign Metals’ major rutile deposit, Fortuna is optimistic about making a substantial rutile discovery, which could enhance its market position and attract stakeholder interest.
More about Frontier Resources Limited
Fortuna Metals Limited operates in the mining industry, focusing on the exploration and development of rutile and graphite projects. The company owns the Mkanda and Kampini projects in Malawi and is strategically positioned near Sovereign Metals Limited’s significant rutile and graphite deposit.
YTD Price Performance: 309.09%
Average Trading Volume: 648,384
Technical Sentiment Signal: Sell
Current Market Cap: A$25.29M
Learn more about FUN stock on TipRanks’ Stock Analysis page.