Far Northern Resources Limited (ASX:FNR)

ALERT: Price-sensitive ASX Announcement for FNR

Current share price for FNR : $0.120 -0.03 (-20%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

30 Oct 2025 12:05PM

Price at Release

$0.150

Full Release

Summary

Far Northern Resources Limited's Quarterly Activities and Appendix 5B Cash Flow Report for the period ending 30 September 2025 highlights the company's updated Mineral Resource Estimate for the Ios Gold Project and the completion of a LiDAR survey on the Bridge Creek mining leases. The financial report details a net decrease in cash for the quarter, reflecting cash flows from operating, investing, and financing activities, with cash equivalents reducing from $2,513,000 to $2,297,000. Payments for exploration and evaluation amounted to $60,000, while $83,000 was spent on loan repayments. The company anticipates further resource definition drilling to enhance the confidence level of high-grade zones within the Ios Project.

Key Points

Update of the Mineral Resource Estimate for the Ios Gold Project to 0.5Mt @ 1.49 Au g/t for 24,100 Ounces.
Completion of a LiDAR survey on the Bridge Creek Mining Leases.
Preparation for the Phase 2 drilling program at Bridge Creek.
Net cash decrease of $216,000 for the quarter.
Cash flows included payments of $72,000 for staff costs and $87,000 for administration.
Total cash at the end of the period was $2,297,000.
The company made payments of $75,989 to related parties and their associates.

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.