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Flynn Gold Limited (ASX:FG1)

ALERT: Price-sensitive ASX Announcement for FG1
Current share price for FG1 : $0.021 -0.001 (-4.55%)+
Announcement
Release
30 Oct 2025 9:40AM
Price at Release
$0.022
Full Release
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Summary
Flynn Gold Limited reports significant findings from the Firetower Project in Tasmania, highlighting high-grade gold-tungsten-cobalt mineralisation. Recent re-assays of historical drill cores have shown substantial improvements in tungsten assays, with results such as 17m at 2.3 g/t Au, 0.73% WO3, and 0.16% Co. These findings emphasize the potential to extend the mineralisation both along strike and at depth. The Firetower Project's strategic importance is further underscored by the global demand for tungsten and cobalt, classified as critical metals essential for the energy transition. Flynn Gold plans to expedite further exploration and resource estimation efforts.
Key Points
  • Significant gold-tungsten-cobalt results from re-sampling drill cores at Firetower Project.
  • High-grade mineralisation confirmed up to 150m from surface and open at depth.
  • Tungsten assay improved using advanced methods, showing a 92% increase in some intervals.
  • The Firetower Project is located in NW Tasmania within the Mount Read Volcanic Sequence.
  • Potential for gold, tungsten, and cobalt to extend along strike and at depth.
  • Next steps include re-assaying, metallurgical testing, and resource estimation by H1 CY2026.
  • The project is vital due to the critical status of tungsten and cobalt for energy transition.
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.