Fortuna Metals advances Mkanda titanium project towards development

Fortuna Metals (ASX: FUN) is advancing its Mkanda Project in Malawi following the delivery of a maiden Inferred Mineral Resource of 298 million tonnes at 0.87% rutile and 1.19% total graphitic carbon. The company says the resource places Mkanda among the top six projects globally for contained rutile within its selected peer group, with mineralisation remaining open for further growth.

 

CEO Tom Langley said metallurgical testwork has produced a more than 96% TiO₂ rutile product with low impurities, supporting potential applications across pigment, welding and titanium markets. Mkanda also contains graphite, rare earths and zircon potential, which Fortuna is assessing as possible additional revenue streams.

 

Fortuna is now progressing further drilling, environmental studies and metallurgical work, with a pre-feasibility study scheduled to commence in December 2026. The project is also located around 11 kilometres from the Nacala rail line, providing an established transport route towards the deep-water port in Mozambique.

 

To learn more about Fortuna Metals’ Mkanda Project and its pathway towards development, watch the full Sharecafe Uncovering Hidden Gems presentation.