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FMR Resources Limited (ASX:FMR)

ALERT: Price-sensitive ASX Announcement for FMR
Current share price for FMR : $0.405 -0.013 (-2.99%)+
Announcement
Release
29 Jul 2026 8:32AM
Price at Release
$0.418
Full Release
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Summary
The document details FMR Resources Limited's quarterly activities and financials for June 2026, focusing on exploration at the La Martuca and Esperanza Prospects, where varied copper and gold mineralisation was observed. The report outlines a 5-year option for acquiring key concessions, significant exploration spending, and provides a cash flow report with net cash from operations, investments, and financing. Key financial activities included raising $3,698,000 in the quarter. No new tenements were acquired, and payments to related parties were disclosed per ASX regulations.
Key Points
  • The document is FMR Resources Limited's June 2026 Quarterly Activities Report, dated 29 July 2026.
  • The report includes results from surface rock chip samples at the La Martuca and Esperanza Prospects, with variable copper and gold tenor due to multiple mineralisation events.
  • High-grade copper mineralisation at La Martuca is associated with quartz sulphide vein systems, while gold values at Esperanza are linked to epithermal quartz veining.
  • FMR Resources Limited has a 5-year option to purchase concessions hosting the La Martuca and Esperanza Prospects.
  • The company conducted exploration activities with significant expenditures and no substantive mining production in the quarter.
  • Appendix 5B provides a detailed cash flow report indicating net cash flows from operating, investing, and financing activities.
  • The company engaged in financing activities raising $3,698,000 in the current quarter and $7,960,000 year to date.
  • There were no tenements acquired or disposed of during the quarter.
  • Payments to related parties were detailed, aligning with ASX listing rules.
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.