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Far Northern Resources Limited (ASX:FNR)

ALERT: Price-sensitive ASX Announcement for FNR
Current share price for FNR : $0.145 0.015 (11.54%)+
Announcement
Release
29 Jul 2026 4:40PM
Price at Release
$0.130
Full Release
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Summary
Far Northern Resources Limited released its quarterly activities and cash flow report for the period ending 30 June 2026. The company announced significant upgrades to its Bridge Creek Central Gold Deposit, increasing the mineral resource estimate by 31% to 93,000 ounces of gold. The total contained gold ounces for the Northern Territory project increased by 23% to 117,000 ounces. Far Northern Resources commenced a diamond drilling program at Bridge Creek to gather samples for various analyses. The company reported a net cash outflow from operating activities of $141,000 and a cash outlay of $90,000 for exploration and evaluation activities. Total cash on hand at the end of the quarter was $1.59 million. The company also noted no new tenements were acquired or disposed of during the quarter and reported payments of $75,880 to related parties as part of existing remuneration arrangements.
Key Points
  • MRE 31% upgrade at Bridge Creek Central Gold Deposit to 93 koz Au.
  • Total Northern Territory project gold ounces increased by 23% to 117 koz Au.
  • Commencement of diamond drilling at Bridge Creek in July 2026.
  • Net cash outflow from operating activities of $141,000 for the quarter.
  • Cash outlay of $90,000 for exploration and evaluation activities.
  • Total cash on hand at quarter-end was $1.59 million.
  • No new tenements acquired or disposed of during the quarter.
  • Payments of $75,880 made to related parties for remuneration arrangements.
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.