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Fortescue Greenlights $3M Drilling Push at Canobie Copper Project

10:11am on Tuesday 12th of August, 2025 AEST Mining
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Fortescue Greenlights $3M Drilling Push at Canobie Copper Project

10:11am on Tuesday 12th of August, 2025 AEST
Key Points
  • Fortescue commits $3M for FY25-26 exploration at Canobie
  • Diamond drilling program planned to exceed 2,500 meters
  • Recent gravity survey completed; magnetotelluric survey underway
  • Fortescue can earn up to 80% interest by funding $8M over six years
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