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Fortuna Metals Ltd (ASX:FUN)

ALERT: Price-sensitive ASX Announcement for FUN
Current share price for FUN : $0.105 0.007 (7.14%)+
Announcement
Release
2 Dec 2025 8:42AM
Price at Release
$0.098
Full Release
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Summary
Fortuna Metals Limited announced that QEMSCAN mineralogical analysis confirmed rutile as the dominant titanium mineral in the Mkanda rutile and graphite project located in Malawi, Africa. The analysis showed that rutile accounts for 80% of the total titanium-bearing minerals present. The company has completed 392 drillholes at the Mkanda project and is expecting the first batch of hand auger assays by mid-December 2025, with further results anticipated in Q1 2026. The project's proximity to Sovereign Metals' Kasiya deposit, which is a significant rutile and graphite resource, provides a strategic advantage for Fortuna Metals. The ongoing exploration and planned Aircore drilling aim to further investigate and define the resource potential.
Key Points
  • QEMSCAN analysis confirms rutile as the dominant titanium mineral at Mkanda.
  • Rutile accounts for 80% of total titanium-bearing minerals.
  • 392 drillholes completed at Mkanda with results expected by mid-December 2025.
  • Proximity to Sovereign Metals' Kasiya deposit offers strategic advantages.
  • Planned Aircore drilling will further explore resource potential.
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.