Australia's FMR Resources rises as co identifies copper system in Chile project

FMR Resources

09/07/2025 05:12

** Shares of FMR Resources FMR.AX rise as much as 13.6% to A$0.335, their biggest intraday pct gain since June 20

** The diversified explorer says it has completed detailed field mapping across southern porphyry target area at the Llahuin project in Chile, providing critical additional data to assist in target generation

** Says alteration identified suggest upper levels of a mineralised copper porphyry system at surface, supporting hypothesis of the existence of porphyry system at depth

** Adds that drilling on track to start in Q4 2025

** Stock up more than 100%, YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))