FUN Price sensitive 21 Oct 2026, 8:50 AM

LiDAR Drone Survey and Exploration Update

Fortuna Metals Ltd

Fortuna Metals Updates on LiDAR Survey and Exploration

Key points

  • LiDAR drone survey underway at Mkanda to assist with resource estimation and PFS
  • Kampini phase 1 hand auger completed, following up on historical high-grade drillholes
  • High priority aircore assays from Mlongo, Kahuna, and Agogo anticipated soon
  • Push tube drilling training completed for resource estimation
  • CEO anticipates steady updates on hand auger and aircore results

Full summary

Fortuna Metals Ltd has announced progress updates on its Mkanda and Kampini projects in Malawi. A high-resolution LiDAR drone survey is underway at Mkanda to assist with resource estimation and Pre-Feasibility Studies (PFS). The survey is expected to be completed by the end of October 2026. At Kampini, phase 1 hand auger drilling has been completed, following up on historical drillholes that returned significant titanium values. High priority aircore assays from Mlongo, Kahuna, and Agogo are anticipated shortly. Training for push tube drilling, required for Indicated resource estimation, has been completed. The company awaits the next batch of aircore results from Kahuna and looks forward to updating the market with further results.

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