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FMR Resources Limited (ASX:FMR)

ALERT: Price-sensitive ASX Announcement for FMR
Current share price for FMR : $0.395 0.025 (6.76%)+
Announcement
Release
21 Jul 2026 9:58AM
Price at Release
$0.370
Full Release
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Summary
FMR Resources Limited announced the acquisition of the Los Warbos Project in Chile, aimed at expanding its copper-gold portfolio. The project includes 3,300 hectares of mining concessions and 5,250 hectares of exploration concession applications. Initial rock chip sampling revealed high-grade mineralisation with up to 10.77% copper, 4.01g/t gold, and over 100g/t silver, indicating a large, unexplored hydrothermal system. The project is strategically located in a proven mineral belt, with potential for multiple significant discoveries. FMR plans to conduct systematic exploration, including geological mapping and geophysical surveys.
Key Points
  • FMR Resources Limited is acquiring a 100% interest in the Los Warbos Project.
  • The project comprises 3,300 hectares of mining concessions and 5,250 hectares of exploration concession applications.
  • Initial sampling returned up to 10.77% copper, 4.01g/t gold, and over 100g/t silver.
  • The project is located in central Chile, within a promising structural setting.
  • FMR plans to undertake systematic mapping, geochemistry, geophysical surveys, and drill targeting.
  • Los Warbos complements FMR's existing projects like La Lorena and Llahuin Joint Venture in Chile.
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.