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Whiskey Lima 🇺🇸 @whiskey_lima729 on x XXX followers
Created: 2025-07-16 17:05:53 UTC
$FTZ $FTZFF is pleased to provide a corporate and exploration update.
Following excellent exploration results in H1 2025, at both the Buen Retiro Copper and the Caballos Copper-Molybdenum-Gold-Rhenium projects, the Company will focus primarily on advancing these two projects.
Further, the Company will review divestment strategies for the Polimet Gold-Copper-Silver (Chile) and Taquetren Gold (Argentina) projects, as well as the Cariboo Silver Project (Canada).
Highlights
🌏Recent C$12.54 million financing strengthens the Fitzroy balance sheet.
🌏Focus on two core copper projects in Chile streamlines the Company.
🌏Current work at Buen Retiro aims to define leachable copper mineralization and evaluate near-term production potential.
🌏Drilling is underway at Caballos to test scale and continuity of sulphide-dominated Cu-Mo-Au-Re system.
🌏Polimet, Taquetren, and Cariboo to be divested, leaving Fitzroy as a pure Copper play (with valuable by-products).
Merlin Marr-Johnson, President and CEO of Fitzroy, commented, "With a strong treasury position and a clear focus, Fitzroy is well-positioned to deliver a growth and value creation plan with momentum. We will accelerate copper exploration at our core projects. Our goal at Buen Retiro is to define a high-return development scenario while continuing to establish a robust resource base. At Caballos, the scale potential is significant, and with drilling underway at Chincolco and pending at Mule Hill, we are optimistic about what the district can deliver. The Company is entering an exciting XX months of potential value creation.
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