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Far Northern Resources Limited (ASX:FNR)

ALERT: Price-sensitive ASX Announcement for FNR
Current share price for FNR : $0.120 0.005 (4.35%)+
Announcement
Release
12 Jun 2026 11:48AM
Price at Release
$0.115
Full Release
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Summary
Far Northern Resources Limited has announced a significant 31% upgrade in the Mineral Resource Estimate at Bridge Creek’s Central Gold Deposit, bringing the contained gold ounces to 93,000. The total project, located in the Northern Territory, has seen an overall increase of 23% to 117,000 gold ounces. This resource expansion solidifies the company’s position in the Pine Creek Goldfields and lays a foundation for future growth. The company plans to conduct diamond drilling to gather more data for density, geotechnical, and metallurgical studies, aiming to establish a long-term mining operation. The mineralisation at Bridge Creek remains open along strike and down dip, with additional plans to explore extensions both north and south of the current deposit.
Key Points
  • Far Northern Resources Limited announced a 31% increase in the Mineral Resource Estimate at Bridge Creek's Central Gold Deposit.
  • The updated MRE boosts the contained gold ounces to 93 koz at Bridge Creek.
  • Total project contained gold ounces in the Northern Territory increased by 23% to 117 koz.
  • The resource expansion strengthens FNR's standing in the Pine Creek Goldfields, Northern Territory.
  • Future plans include diamond drilling for density, geotechnical, and metallurgical studies.
  • FNR aims to progress towards a potential long-life mining operation in the Northern Territory.
  • The mineralisation remains open along strike and down dip, with plans to test extensions north and south of the Central deposit.
  • FNR envisions initiating mining studies for a starter pit with the potential for a larger operation.
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.