InvestSMART

Flagship Minerals Limited (ASX:FLG)

ALERT: Price-sensitive ASX Announcement for FLG
Current share price for FLG : $0.175 -0.09 (-33.96%)+
Announcement
Release
14 May 2026 11:27AM
Price at Release
$0.265
Full Release
download
Summary
Flagship Minerals Limited announced an updated Mineral Resource Estimate (MRE) for the Isidora Gold Project, revealing a significant increase in total gold resources to 2.1 million ounces. The Isidora Norte deposit has been evaluated using a combination of historical and recent drilling data, resulting in a 143% increase in total resource tonnes and a 100% increase in total contained ounces compared to previous estimates. The updated MRE includes oxide, mixed, and sulphide zones, with detailed assumptions for mining and processing costs as well as metallurgical recoveries. Future plans include additional drilling, metallurgical testing, and a Pre-Feasibility Study aimed for completion in 2027. The project, covering approximately 120 km², involves ongoing environmental assessments due to its proximity to significant ecological areas.
Key Points
  • Updated MRE shows 2.1 million ounces of gold at Isidora Gold Project.
  • Significant increase: 143% in resource tonnes, 100% in contained ounces.
  • Evaluation includes historical and recent drilling data.
  • Future work: additional drilling, metallurgical testing, Pre-Feasibility Study in 2027.
  • Environmental assessments ongoing due to proximity to ecological areas.
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.