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Flynn Gold Limited (ASX:FG1)

ALERT: Price-sensitive ASX Announcement for FG1
Current share price for FG1 : $0.014 -0.007 (-33.33%)+
Announcement
Release
31 Jul 2026 4:16PM
Price at Release
$0.021
Full Release
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Summary
During the June 2026 quarter, Flynn Gold Limited focused on advancing exploration across its Tasmanian projects, notably the Golden Ridge, Firetower, and Henty Silver-Lead-Zinc Projects. At Golden Ridge, significant progress includes lodging a mining lease application over crucial exploration sites. The Firetower Project saw successful drilling that extended known gold-tungsten mineralization, bolstering efforts towards a Mineral Resource Estimate. Meanwhile, at the Henty Project, initial drilling confirmed a high-grade mineral system at Silver King. Financially, the company maintains a cash position of $1.115 million, supported by the strategic sale of non-core assets in Western Australia, thus reinforcing its commitment to Tasmanian ventures. Future plans involve intense drilling, resource modeling, and assessments to advance these promising projects.
Key Points
  • Flynn Gold Limited made significant progress during the June 2026 quarter in its exploration activities across Tasmania.
  • The company has been focusing its exploration efforts on the Golden Ridge Project, Firetower Project, and the Henty Silver-Lead-Zinc Project.
  • In the Golden Ridge Project, Flynn Gold is exploring a 9km zone for high-grade gold mineralization and has lodged a mining lease application covering 458 hectares.
  • The Firetower Project has extended high-grade gold-tungsten mineralization to more than 200m depth, and the company is working towards a maiden Mineral Resource Estimate.
  • At the Henty Project, the first drilling at Silver King confirmed a high-grade silver-lead-zinc discovery with several targets identified along a 1.6km trend.
  • The company’s cash position as of 30 June 2026 was $1.115 million, following expenditures on exploration, employee costs, and administration.
  • Flynn Gold completed the sale of its non-core projects in Western Australia, focusing solely on its Tasmanian assets.
  • The company plans to continue extensive drilling and exploration activities, including geological modeling and metallurgical studies, to develop their resource estimates.
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.