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The latest update is out from Frontier Resources Limited ( (AU:FUN) ).
Fortuna Metals Limited has announced progress in its exploration activities at the Mkanda and Kampini projects in Malawi, with a focus on rutile and graphite resources. The company has completed 208 hand auger drill holes and is eagerly awaiting assay results to confirm the potential mineralization. The projects are strategically positioned near the world’s largest rutile deposit, enhancing Fortuna’s prospects of a significant discovery. The ongoing drilling programs aim to fast-track exploration and demonstrate the widespread potential of rutile within the project areas, with further drilling planned to explore deeper mineralization levels.
More about Frontier Resources Limited
Fortuna Metals Limited is a company operating in the mining industry, focusing on the exploration and development of rutile and graphite resources. The company owns the Mkanda and Kampini projects in Malawi, Africa, which are strategically located near Sovereign Metals Limited’s world-class Kasiya rutile project.
YTD Price Performance: 263.64%
Average Trading Volume: 714,208
Technical Sentiment Signal: Sell
Current Market Cap: A$29.68M
For an in-depth examination of FUN stock, go to TipRanks’ Overview page.