Added to YB: 2026-07-17
Pitch date: 2026-07-15
FUN.AX [neutral]
Fortuna Metals Limited
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 29.8M
Pitch Price
AUD 0.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
19.35
P/E
-3.17
EV/Sales
319.80
Sector
Metals and Mining
Category
value
Top Six on the Planet, Eight Metres Deep - Fortuna Metals Limited
FUN.AX: Maiden resource at Mkanda, Malawi: 298Mt @0.87% rutile (2.6Mt contained, top-six globally), off shallow 8.4m hand augers—water table still running underneath. 96.6% TiO₂ (premium grade), plus graphite credit. $33M cap, $15M cash, WndrCo backing. Trades $7.7M/Mt rutile vs neighbor Sovereign's (SVM) $15.6M/Mt at 10x cap. Deeper aircore rigs + untested Kampini could grow it. Risks: lowest JORC confidence, unproven met & Malawi permitting.
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