InvestSMART

Fortuna Metals Ltd (ASX:FUN)

ALERT: Price-sensitive ASX Announcement for FUN
Current share price for FUN : $0.100 -0.01 (-9.09%)+
Announcement
Release
18 Jun 2026 8:26AM
Price at Release
$0.110
Full Release
download
Summary
Fortuna Metals Limited has successfully commissioned its laboratory in Lilongwe for the Mkanda rutile and graphite project, a move poised to significantly reduce assay costs and improve processing times. The company is actively conducting a 6,000m hand auger and 5,000m aircore drilling program, with a maiden inferred resource estimate expected in early July. These efforts align with Fortuna's strategy to enhance its position as a key global supplier of titanium, graphite, and potentially monazite. The laboratory's commissioning included training for 15 technicians, underscoring the company's commitment to efficient and cost-effective operations.
Key Points
  • Fortuna Metals Limited has commissioned its own laboratory in Lilongwe for the Mkanda rutile and graphite project.
  • The new laboratory setup is expected to reduce assay costs and turnaround times.
  • Fortuna is conducting extensive drilling programs, including a 6,000m hand auger program and a 5,000m aircore program.
  • The maiden inferred resource estimate for the project is anticipated in early July.
  • Fortuna aims to become a key global supplier of titanium, graphite, and potentially monazite.
  • The company has trained 15 technicians for sample processing at the new facility.
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.