FMR Resources Confirms High-Grade Copper-Gold Mineralisation at La Lorena Project

High-Grade Rock Chips Signal Large Mineral System

FMR Resources (ASX:FMR) has uncovered compelling high-grade copper and gold mineralisation at its La Lorena Project in central Chile, with recent rock chip sampling from the La Martuca and Esperanza Prospects returning grades up to 5.32% copper and 1.91 g/t gold. These results confirm multiple mineralisation styles including structurally controlled quartz-sulphide veining, brecciation, and epithermal alteration, pointing to a potentially extensive hydrothermal system.

Located approximately 4 kilometres apart, La Martuca and Esperanza are interpreted as surface expressions of a broader mineralising corridor within the largely unexplored La Lorena Project. The company emphasises that no modern drilling has been conducted, underscoring the greenfields nature of this opportunity.

Geological Setting Supports Porphyry and Epithermal Potential

FMR's geological mapping indicates that mineralisation is hosted within Eocene volcanic and intrusive rocks, controlled by a network of quartz-sulphide veins and fault structures. La Martuca exhibits high-grade copper sulphides such as chalcopyrite and bornite, while Esperanza shows elevated gold values associated with epithermal-style quartz veining and altered wall rocks. This duality suggests the prospects may represent different levels of a larger porphyry-related system.

The project sits along a major Trans-Lithospheric Fault corridor, a structural feature known to influence magma ascent and metallogenic fertility in central Chile, linking major deposits like Los Pelambres and Punitaqui. This regional context adds weight to the prospectivity of La Lorena.

Ongoing Exploration and Target Generation

FMR has initiated systematic programs including detailed geological and structural mapping, expanded underground and surface rock chip sampling, channel sampling at La Martuca, and drone-based photogrammetry and magnetic surveys. Integration of geological, geochemical, and geophysical data is underway to prioritise targets for initial drilling.

The company expects to receive full multi-element assay results, including silver and molybdenite, by the end of Q2 2026. These will provide further insight into the mineral system's complexity and economic potential.

These developments build on FMR’s recent progress in Chile, following its Phase I drilling at the Llahuin Project where broad mineralised porphyry zones were confirmed, and align with its broader strategy to advance high-potential copper-gold projects in world-class mineral provinces Phase I drilling completed and large porphyry system confirmed.

Strategic Location and Infrastructure Advantages

The La Lorena Project is situated near Combarbalá in Chile's Coquimbo Region, benefiting from good access to infrastructure including roads, electricity, and proximity to sealed airstrips. Nearby ports support major mining operations in the region, enhancing logistics for potential development.

The semi-arid climate and absence of critical water vulnerabilities or community impediments further support the project's exploration and potential development prospects.