Latest Flagship Minerals (Asx:Flg) News

Flagship Minerals has exited its lithium project in Chile amid market oversupply, redirecting resources to its Pantanillo Gold Project with a significant 1.05 million ounce gold resource estimate.

Flagship Minerals has raised A$1.25 million through a share placement and convertible note conversions to advance the Pantanillo Gold Project towards a JORC-compliant resource. The funds will support drilling, metallurgical testing, and environmental studies aimed at unlocking the project’s significant gold inventory.

Flagship Minerals confirms the substantial scale and extension potential of gold mineralisation at its Pantanillo Gold Project in Chile, moving towards a JORC-compliant resource upgrade. Recent drilling highlights open mineralisation and near-surface expansion opportunities.

Flagship Minerals has secured a binding option to acquire the Pantanillo Gold Project in Chile, positioning itself for growth in oxide gold and copper amid a strategic pivot away from lithium. The company also identified new high-priority copper targets at its Rosario project.

Flagship Minerals’ metallurgical review of the Pantanillo Gold Project highlights strong gold recoveries from oxide mineralisation and suggests a pathway to low capital and operating costs through heap and dump leach processing.

Flagship Minerals Limited has significantly expanded its Rosario Copper Project in Chile, revealing high-grade copper mineralisation and securing a $35 million equity investment to accelerate development.

Flagship Minerals has identified six new copper targets through a stream sediment survey at its Rosario Copper Project in Chile, with three targets ranked as high priority, confirming extensive copper mineralisation across the site.