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Fin Resources Limited (ASX:FIN)

ALERT: Price-sensitive ASX Announcement for FIN
Current share price for FIN : $0.005 -0.008 (-61.54%)+
Announcement
Release
10 Feb 2026 9:40AM
Price at Release
$0.013
Full Release
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Summary
Fin Resources Limited has successfully raised A$3.75 million through a placement of approximately 375 million new shares to fund its imminent drilling program at the Cabin Lake Gold Project in Canada's Northwest Territories. The funds will support a fully financed 1,500-meter maiden diamond drilling campaign targeting high-grade gold mineralization along the Bugow Iron Formation corridor. The drilling is scheduled to commence in early March 2026, with Aurora Geosciences managing the program. The project aims to confirm historic high-grade gold intercepts and explore new targets within the 15km mineralized corridor. Euroz Hartleys acted as the Sole Lead Manager for the placement, with GBA Capital and Peak Asset Management as co-managers.
Key Points
  • A$3.75 million raised through placement for drilling at Cabin Lake Gold Project
  • 375 million new shares issued at A$0.01 per share
  • Drilling program scheduled to commence in March 2026
  • 1,500m maiden diamond drilling program targeting high-grade gold
  • Aurora Geosciences appointed to manage the drilling program
  • Euroz Hartleys acted as Sole Lead Manager for the placement
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.