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The latest announcement is out from Frontier Resources Limited ( (AU:FUN) ).
Frontier Resources has reported multiple large, coherent high-grade rutile anomalies at its Mkanda project in Malawi, with a mineralised footprint now exceeding 25 square kilometres and remaining open at depth and along strike. Early hand-auger results from 96 new holes show 37.5% of near-surface samples grading above 1% rutile, outlining three broad zones of exceptional mineralisation with strike lengths of 5 to 10 kilometres.
The company will prioritise full-depth assaying of holes that returned strong 0–2 metre results, ahead of further grid drilling planned for 2026, while additional assays from more than 500 remaining holes are expected through the first quarter of 2026. Frontier has also received formal confirmation that Malawi’s recent restriction on raw mineral exports does not apply to its projects, supporting uninterrupted project advancement as it seeks to define a material rutile resource adjacent to the world-class Kasiya deposit and court new investors.
More about Frontier Resources Limited
Frontier Resources Limited, through its Fortuna Metals Malawi projects, is focused on exploring natural rutile and associated critical minerals in Malawi. The company is targeting high-grade rutile suitable for titanium metal production, positioning itself near Sovereign Metals’ Kasiya deposit in a region emerging as a significant rutile and rare earths district.
YTD Price Performance: 9.76%
Average Trading Volume: 663,038
Technical Sentiment Signal: Sell
Current Market Cap: A$25.51M
See more insights into FUN stock on TipRanks’ Stock Analysis page.