Latest Fmr Resources (ASX:FMR) News

FMR Resources will sell its Fairfield copper-gold project to unlisted MFM Resources for $200,000 in MFM shares, subject to approvals, due diligence and MFM securing a proposed ASX listing. The deal marks a sharper concentration of FMR’s resources on its Chilean portfolio, but leaves shareholders exposed to the uncertainty of a future IPO and a non-cash consideration.

FMR Resources has shifted decisively towards Chile, expanding its copper-gold portfolio while early Llahuin drilling suggests the interpreted porphyry core remains untested. The exploration push came with a $6.44 million loss, $4.65 million in cash and a renewed dependence on future capital.

FMR Resources has identified a strong induced polarisation anomaly beneath historical artisanal workings at its Esperanza prospect in Chile, marking it as a priority drill target. The result is encouraging, but remains an early-stage geophysical signal pending 3D modelling, fieldwork and drilling.

FMR Resources has completed preliminary 3D inversion modelling of induced polarisation data at its La Martuca Prospect in Chile, refining key chargeability anomalies linked to known mineralised structures and advancing a first-pass drill plan for Q4 2026.

FMR Resources has boosted exploration confidence at its Los Warbos Project in Chile following a detailed helicopter magnetic and radiometric survey, alongside rock chip sampling that returned significant copper and silver grades.

FMR Resources reports encouraging assay results from its maiden drill program at the Llahuin JV, revealing extensive copper-gold-molybdenum mineralisation. The company also progresses its acquisition of the La Lorena Project with high-grade rock chip samples and identifies multiple magnetic targets for follow-up.

FMR Resources’ ongoing IP survey at La Martuca within the La Lorena Project has revealed two significant sulphide chargeability anomalies, enhancing the case for a large-scale copper-gold system and setting the stage for drilling in late 2026.

FMR Resources has enhanced its geological understanding of the La Lorena Project in Chile through a helicopter magnetic and radiometric survey, revealing new prospects and structural corridors that underpin a large-scale porphyry system.

FMR Resources has raised $5 million through a two-tranche placement aimed at accelerating exploration at its La Lorena and Llahuin copper projects in Chile, with participation from major shareholders and new investors.

FMR Resources has identified several large-scale magnetic intrusive centres beneath known copper-gold mineralisation at its La Lorena Project in Chile, setting the stage for drill testing in late 2026.

FMR Resources has received final assays from drillhole 26LHDD073 at its Southern Porphyry target, confirming extensive copper-gold-molybdenum mineralisation and supporting the interpretation of a large porphyry system. Ongoing integration of geological and geophysical data aims to refine targets ahead of Phase II drilling.

FMR Resources has reported strong copper and gold assays from rock chip sampling at its La Lorena Project in Chile, highlighting a potentially large hydrothermal system with multiple mineralisation styles and no prior modern drilling.