InvestSMART

The article you are trying to access does not exist, however, here are some articles you may be interested in.

Fortuna Metals Ltd (ASX:FUN)

ALERT: Price-sensitive ASX Announcement for FUN
Current share price for FUN : $0.103 0.004 (4.59%)+
Announcement
Release
15 Dec 2025 9:19AM
Price at Release
$0.098
Full Release
download
Summary
Fortuna Metals Limited has reported high-grade rutile mineralization at the Mkanda project in Malawi, Africa. The company has completed 544 drill holes, revealing significant rutile grades, including up to 2.21% rutile. The drilling results indicate widespread mineralization from surface to depth, with further drilling planned to assess continuity to the saprock boundary at around 20 meters. The project also includes graphite exploration, expected to enhance the project's economic potential. Fortuna aims to accelerate assay turnaround by establishing an in-country laboratory in Lilongwe, with results anticipated in early 2026.
Key Points
  • Significant rutile discovery confirmed at Mkanda project with high-grade drill results.
  • Peak assay of 2.21% rutile recorded.
  • 544 drill holes completed with an average depth of 8m.
  • Further drilling planned to assess mineralization to 20m depth.
  • Dual mineral focus on rutile and graphite.
  • Establishment of an in-country laboratory to expedite assay results.
  • Rutile and graphite analysis expected to enhance project economics.
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.