FMR Resources Limited (ASX:FMR) (FMR or Company) is pleased to announce it has entered into a conditional Binding Term Sheet giving it the right to earn up to a 60% interest in a highly prospective copper-gold-molybdenite project in central Chile (Transaction). The Company will joint venture (JV) into selected tenements (the JV Tenements or Concessions) within the Llahuin Project (Llahuin or the Project) held by Southern Hemisphere Mining Ltd (SUH) which overlie the Southern Porphyry Target. Highlights Large Cu-Au-Mo porphyry target untested at depth Coincidental datasets suggest substantial copper porphyry system Shallow historic drilling confirms porphyry mineralisation above target Drilling of targets to commence early Q4 2025 Oliver Kiddie joins FMR as Managing Director Firm commitments received for $2.2m capital raising at $0.16 through a placement to existing and new sophisticated investors Mark Creasy to join the FMR register as major shareholder The Southern Porphyry JV gives FMR exposure to…
