What did Flagship Minerals (ASX:FLG) announce regarding its exploration targets?

Flagship Minerals (ASX:FLG) announced a copper exploration target of 0.51 to 1.02 billion tonnes for its Whipsaw project. The company stated that the project has an expected grade of 0.2% to 0.4% copper equivalent.

How did the stock market react to the Flagship Minerals (ASX:FLG) update?

The Flagship Minerals (ASX:FLG) share price rose to $0.195 following the market announcement. This upward movement followed the release of the technical specifications for the company's copper exploration target.

What are the dimensions of the mineral system discovered by Flagship Minerals (ASX:FLG)?

Flagship Minerals (ASX:FLG) reported that the underlying porphyry mineral system at Whipsaw is 3.7 kilometres long and 1.2 kilometres wide. These dimensions define the footprint of the newly announced copper exploration target.

Where is the primary gold asset owned by Flagship Minerals (ASX:FLG) located?

The primary gold asset owned by Flagship Minerals (ASX:FLG), known as the Isidora Gold Project, is located in Chile. The company continues to advance this project while developing its new copper target.

What does the corporate restructuring plan mean for Flagship Minerals (ASX:FLG)?

Flagship Minerals (ASX:FLG) plans to seek regulatory and shareholder approvals for a potential spin-out of the Whipsaw project into a separate ASX-listed entity. This strategy would separate the copper asset from the company's existing gold holdings.

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Flagship Minerals defines one billion tonne copper target

Written by Liezl GambePublished Jun 18, 2026, 1:26 AM

Flagship Minerals announced a copper exploration target of up to 1.02 billion tonnes.
The company's share price rose to $0.195 following the announcement.
The strategy delivers critical copper exposure alongside a potential future project spin-out.

Flagship Minerals (ASX:FLG) announced a copper exploration target of 0.51 to 1.02 billion tonnes.

The entry into copper contrasts with the company's previous singular focus on its gold projects.

The company stated that the Whipsaw exploration target grades are between 0.2% and 0.4% copper equivalent.

The underlying porphyry mineral system spans 3.7km in length and 1.2km in width.

Following the announcement, the Flagship Minerals share price was up at $0.195.

The business continues to advance its primary asset known as the Isidora Gold Project in Chile.

The company plans to seek approvals for a potential spin-out of Whipsaw into another listed entity.

Flagship Minerals defines one billion tonne copper target

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