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FMR Resources Limited (ASX:FMR)

ALERT: Price-sensitive ASX Announcement for FMR
Current share price for FMR : $0.350 0 (0%)+
Announcement
Release
2 Jun 2026 8:22AM
Price at Release
$0.350
Full Release
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Summary
FMR Resources Limited conducted a magnetic survey at the La Lorena Project in central Chile, identifying multiple large intrusive targets. The project spans approximately 77 square kilometers and is prospective for epithermal and porphyry copper-gold-molybdenite mineralization. The survey used advanced drone technology, and further exploration efforts are underway, including detailed geological work and target prioritization for drilling. FMR has secured exploration concessions over the key prospect areas, enhancing their strategic exploration footprint.
Key Points
  • FMR Resources Limited announced the results of a magnetic survey at the La Lorena Project in Chile.
  • The magnetic survey identified multiple large intrusive targets, including the La Martuca and Esperanza target areas.
  • The survey was conducted using a DJI M300 drone with a fluxgate magnetometer, capturing data at a flight height of 170 meters.
  • The project area covers approximately 77 square kilometers and is considered highly prospective for epithermal and porphyry copper-gold-molybdenite mineralization.
  • The company plans further exploration activities, including detailed geological mapping, expanded rock chip and soil sampling, and prioritization of drill targets.
  • FMR has entered into agreements for exploration concessions over the La Martuca and Esperanza Prospect areas.
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.