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FMR Resources Limited (ASX:FMR)

ALERT: Price-sensitive ASX Announcement for FMR
Current share price for FMR : $0.355 -0.005 (-1.39%)+
Announcement
Release
7 Jul 2026 9:14AM
Price at Release
$0.360
Full Release
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Summary
FMR Resources Limited announced significant advancements at its La Lorena Project in Chile through a comprehensive helicopter magnetic and radiometric survey. This advanced survey has expanded geophysical coverage and significantly improved the interpretation of the project's structural and lithological architecture. The survey identified a new Eastern Structural Corridor (ESC) with five new magnetic features suggesting prospective porphyry-style mineralisation. A major geological domain boundary and multiple new intrusive targets were defined, enhancing the understanding of the project's magmatic and hydrothermal systems. An Induced Polarisation survey is underway, with plans for further exploration and drilling scheduled for Q4 2026.
Key Points
  • Helicopter magnetic and radiometric survey completed.
  • New Eastern Structural Corridor identified.
  • Five new prospects with porphyry-style mineralisation potential.
  • Major north-south geological domain boundary defined.
  • Integration of multiple datasets to develop an updated geological model.
  • Induced Polarisation survey underway.
  • Initial drill program planned for Q4 2026.
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.