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Far Northern Resources Limited (ASX:FNR)

ALERT: Price-sensitive ASX Announcement for FNR
Current share price for FNR : $0.120 -0.045 (-27.27%)+
Announcement
Release
27 Apr 2026 8:58AM
Price at Release
$0.165
Full Release
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Summary
Far Northern Resources Limited reported significant progress in its March 2026 quarterly activities, completing the Phase 2 drilling program at Bridge Creek, which extended the known mineralization. The company outlined a comprehensive five-step plan for further geological and resource model updates to enhance future explorations. Financially, the company reported a net cash outflow from operating activities of $71,000 and an investment outflow of $35,000, with no new financing activities undertaken during the quarter.
Key Points
  • Far Northern Resources completed Phase 2 drilling at Bridge Creek.
  • Assay results extended the mineralization to the north and south.
  • Significant results validate historical exploration at Bridge Creek.
  • Board outlined a five-step plan for 2026 focusing on resource model updates and further drilling.
  • Net cash from operating activities reported a loss of $71,000 for the quarter.
  • Investing activities led to a $35,000 cash outflow primarily for exploration.
  • No new financing activities were undertaken during the quarter.
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.