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Flynn Gold Limited (ASX:FG1)

ALERT: Price-sensitive ASX Announcement for FG1
Current share price for FG1 : $0.021 0.002 (10.53%)+
Announcement
Release
6 Aug 2026 9:19AM
Price at Release
$0.019
Full Release
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Summary
Flynn Gold Limited (ASX: FG1) has entered into a non-binding Ore Purchase Agreement (OPA) with Henty Gold Pty Ltd, a subsidiary of Kaiser Reef Limited, for the potential future sale of gold-bearing ore from its projects in Tasmania, including the Golden Ridge Project. The agreement provides a framework and indicative commercial terms for Henty Gold Mine to process Flynn Gold’s ore through its facility, potentially reducing capital expenditure and accelerating production. Key activities are focused on the Golden Ridge Project, with plans including resource drilling and metallurgical studies. The agreement emphasizes the strategic development of a low-capex processing pathway and supports Flynn Gold's ambitions to become a gold producer. The agreement is non-binding and subject to future definitive transactions.
Key Points
  • Flynn Gold entered a non-binding Ore Purchase Agreement with Henty Gold Pty Ltd.
  • The agreement applies to Flynn Gold’s projects in Tasmania, notably the Golden Ridge Project.
  • The agreement aims to reduce capital expenditure and accelerate production.
  • Flynn Gold plans to conduct resource drilling and metallurgical studies.
  • The agreement is non-binding with no obligation for definitive transactions.
  • Flynn Gold’s focus is on developing a low-capex processing pathway.
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.