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Fortuna Metals Ltd (ASX:FUN)
ALERT: Price-sensitive ASX Announcement for FUN
Current share price for FUN : $0.105 0.022 (26.51%)+
Announcement
Release
16 Mar 2026 8:15AM
Price at Release
$0.083
Full Release
Summary
Fortuna Metals Ltd (ASX: FUN) has announced the appointment of key technical consultants to drive the resource and project development at the Mkanda rutile and graphite project in Malawi. Richard Stockwell, a specialist in mineral sands geology, and Dave Bougourd, an experienced metallurgical consultant, have been brought in to assist with drill planning, resource estimation, and process engineering. The company has completed 675 drill holes across 180 km² of the Mkanda project and plans further drilling to assess the potential for rutile mineralization. The project benefits from proximity to infrastructure and aims for rapid progression towards resource estimation and development.
Key Points
- Appointment of Richard Stockwell and Dave Bougourd as technical consultants.
- Completion of 675 drill holes across the Mkanda project.
- Plan to commence further drilling in May 2026.
- Focus on high-grade rutile and graphite mineralization.
- Proximity to infrastructure and strategic location near Kasiya deposit.
- Strategy to assay top 0-2m samples for rapid exploration.
- Metallurgical test work with Mineral Technologies in Johannesburg.
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.
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