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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
27 Feb 2026 9:08AM
Price at Release
$0.013
Full Release
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Summary
FIN Resources Limited has completed the formal assignment of the Land Use Permit for the Cabin Lake Gold Project in the Northwest Territories, Canada, marking a significant step in their acquisition of the project. The company now holds direct tenure and operational control through its Canadian subsidiary, paving the way for a 1,500 metre diamond drilling program scheduled to start in March 2026. This development follows a successful A$3.75 million capital raising effort, ensuring financial backing for the forthcoming drilling activities. The Cabin Lake project, located in a region with a rich history of gold production, provides FIN with a fully permitted, drill-ready asset with substantial exploration potential and existing local partnerships. The company's preparation includes constructing camp infrastructure and finalizing geophysical surveys to optimize drilling efficiency.
Key Points
  • Land Use Permit for Cabin Lake Gold Project formally assigned to FIN's Canadian subsidiary.
  • Final condition for acquisition of 100% interest in Cabin Lake satisfied.
  • 1,500 metre diamond drilling program to commence in March 2026.
  • A$3.75 million raised to fund drilling and associated geophysics.
  • Cabin Lake offers high-grade near-surface exploration potential.
  • Strong local engagement with the Tlic?ho Government for on-ground work.
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.