Added to YB: 2026-04-29
Pitch date: 2026-04-27
FUN.AX [neutral]
Fortuna Metals Limited
+5%
current return
Author Info
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Company Info
Fortuna Metals Limited explores and evaluates mineral projects in Malawi and Australia. It explores for neodymium, praseodymium, rutile, graphite, gold, rare earth elements (REE), and other base metals deposits.
Market Cap
AUD 25.5M
Pitch Price
AUD 0.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.74
P/E
-2.72
EV/Sales
260.09
Sector
Metals and Mining
Category
growth
The Footprint Just Grew 40% - Fortuna Metals Limited
FUN.AX (overview): Mkanda rutile project's mapped footprint expanded 40% to 53km² w/ 28km² high-grade core. New central prospect grades up to 2.5% rutile. Current 180-240Mt exploration target based on 4.1m avg depth; aircore drilling (5,000m) starts May to test depth like SVM's 20-25m at Kasiya. 241 holes in lab for graphite analysis (Q2-Q3), could double payable mineral like SVM's 2.00% rutile equivalent. Maiden inferred resource H2 2026. $25M mcap vs SVM's $460M on same belt.
Read full article (3 min)