Latest Fmr Resources (ASX:FMR) News

FMR Resources wraps up Phase I drilling at its Chilean Llahuin Project, revealing extensive mineralised porphyry zones, while initial assays from Canada’s Goshen Prospect affirm a copper system. The company holds $3.1 million in cash and plans Phase II drilling.

Speculative growth names and biotech drove the biggest gains this week, while one consumer staple copped the heaviest selling after cutting guidance. Deal flow stayed busy, but investors were even more responsive to hard numbers: profit upgrades, feasibility studies, contract wins and fresh drilling results.

Drilling wins, funding deals and takeover activity drove a busy week in materials stocks. Big moves came from early-stage explorers, while larger producers won support with cash flow, mine life and deal-making.

FMR Resources has reported assay results from three diamond drillholes at the Southern Porphyry target within its Chilean Llahuin Project, confirming a large, vertically extensive porphyry-related hydrothermal system. While the causative porphyry core remains untested, elevated gold and molybdenum values suggest proximity, prompting plans for a focused Phase II drill program.

FMR Resources has completed a deep diamond drillhole at Target L within its Chilean Llahuin Project, intersecting extensive mineralised porphyry and stockwork breccia zones with visible copper and molybdenite sulphides. The results confirm a significant porphyry system beneath volcanic cover, setting the stage for targeted Phase II drilling.

FMR Resources has intersected multiple broad mineralised porphyry phases with visible copper and molybdenite at Target K within its Llahuin Project JV in Chile, refining the search for the core mineralised source.

FMR Resources has reported encouraging initial assay results from its Goshen drilling at the Fairfield Copper Project in Canada, confirming a mineralised copper system open in multiple directions. Further assays and integrated geophysical analysis are underway to refine exploration targets.

FMR Resources has started drilling at Target K within the Southern Porphyry system of its Llahuin Project JV in Chile, aiming to test a key 500-metre corridor between previous targets. This move follows detailed integration of geological and geophysical data refining the exploration model.

FMR Resources has extended its second diamond drillhole at the Southern Porphyry target within the Llahuin Project JV in Chile, uncovering visual copper and molybdenite mineralisation linked to a key geophysical anomaly. This advancement sharpens the focus on the core of a significant porphyry system.

FMR Resources advances its copper-gold exploration with significant drilling progress at Chile’s Llahuin Project and maiden drilling success in Canada’s Goshen Prospect, supported by strong financial footing and strategic leadership changes.

FMR Resources has completed its first deep drillhole at the Southern Porphyry target in Chile, revealing geological evidence of a large, vertically extensive porphyry copper system beneath epithermal mineralisation. Further geophysical and geochemical work is underway to refine the system's potential.

FMR Resources has reached 1,198.9 metres in drilling at its Southern Porphyry target in Chile, revealing encouraging copper mineralisation and potassic alteration above the main target zone. Despite a temporary pause due to mechanical issues, drilling is set to resume soon, reinforcing confidence in the project’s geological model.