Flagship Minerals sets sights on Fortuna Valle with copper-gold option

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Fortuna Valle adds a new copper-gold opportunity to Flagship’s Chilean portfolio. ... Read More The post Flagship Minerals sets sights on Fortuna Valle with copper-gold option…

Flagship Minerals has identified a new exploration opportunity in Chile’s highly prospective Coastal Cordillera metallogenic belt. Pic: Getty Images

Special Report: Flagship Minerals has secured a two-year option to acquire the Fortuna Valle copper-gold project in northern Chile, adding a broad exploration opportunity in the established Coquimbo mining region.

The agreement covers approximately 265km² around 50km northeast of La Serena, with multiple prospects, historical workings and road access from Chile’s main north-south highway, Ruta 5.

Coquimbo is home to Teck Resources’ Carmen de Andacollo copper-gold mine and Antofagasta’s Los Pelambres operation, which produced about 295,000t of copper in 2025.

For Flagship Minerals (ASX:FLG), Fortuna Valle adds to a copper pipeline that includes Rosario in Chile and the Whipsaw project in Canada, where a potential spin-out remains under evaluation and subject to approvals.

Its central gold project, Isidora, hosts a 2.1Moz JORC-compliant resource, with an update targeted for December.

“Importantly, Fortuna Valle, like Whipsaw, complements our strategy of advancing the 2.1Moz Isidora Gold Project in Chile while building a pipeline of quality development opportunities capable of delivering long-term shareholder value,” Flagship managing director Paul Lock said.

“We believe building our exposure to copper opportunities in Tier-1 jurisdictions will position the Company well as good projects are increasingly difficult to secure and therefore very valuable.”

Fortuna Valle’s previous explorers have already identified copper and gold across several prospect areas, giving Flagship geological leads to test and refine.

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