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Firetail Resources Limited (ASX:FTL)

ALERT: Price-sensitive ASX Announcement for FTL
Current share price for FTL : $0.110 0.024 (27.91%)+
Announcement
Release
29 Jul 2025 9:34AM
Price at Release
$0.086
Full Release
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Summary
Firetail Resources Limited has announced significant advancements in their Excelsior Project through the use of geophysics, which has identified new, highly prospective drill targets. A detailed airborne magnetic survey has expanded the potential for gold discovery by revealing previously untested geological structures and targets across the tenement. Follow-up geological mapping and soil geochemical surveys, together with the new geophysical data, have prioritized areas for upcoming drilling campaigns. The company emphasizes the strategic importance of these findings and plans to further test these targets with additional exploration activities.
Key Points
  • Firetail Resources Limited completed an airborne magnetic survey at the Excelsior Project.
  • The geophysical survey identified multiple high-priority drill targets.
  • New geological structures and targets, previously untested, were revealed by the survey.
  • Geological mapping and soil geochemistry have been integrated with the new geophysical data.
  • The expanded discovery potential supports priority ranking for future drilling campaigns.
  • The company intends to follow up with drilling and further exploration based on these results.
  • The announcement highlights the strategic value of these new targets for the project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.