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Flagship Minerals Limited (ASX:FLG)

ALERT: Price-sensitive ASX Announcement for FLG
Current share price for FLG : $0.175 -0.02 (-10.26%)+
Announcement
Release
29 Jun 2026 9:14AM
Price at Release
$0.195
Full Release
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Summary
Flagship Minerals Limited has successfully completed its metallurgical drilling and trenching program at the Isidora Gold Project in Chile. The program included four large diameter drill holes and five trenches aimed at collecting samples for further metallurgical testing. These tests will focus on leach kinetics, gold recovery rates, and reagent consumption, providing critical inputs for the Isidora project's pre-feasibility study. The completed drilling has revealed multiple zones of mineralization, primarily in oxidized dioritic porphyry, and will contribute to updates of the project's mineral resource estimates, targeted for late 2026 or early 2027. Concurrently, the company is conducting infill and extensional drilling to enhance the resource estimation.
Key Points
  • Flagship Minerals Limited completed its metallurgical drilling and trenching program at the Isidora Gold Project.
  • The program included four large diameter metallurgical drill holes totaling 600.5 meters and five trenches totaling 600 meters.
  • The drilling intersected multiple zones of apparent mineralization, primarily oxidized dioritic porphyry.
  • Pilot scale test work will focus on leach kinetics, gold recoveries, and reagent consumption.
  • The results will inform the Isidora pre-feasibility study and future mineral resource estimate updates.
  • Infill and extensional drilling are underway to update the mineral resource estimate by late 2026 or early 2027.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.