Critical Metals Potential at Firetower Raises Stakes Amid Market Demand

Reassaying Unveils Hidden Value

Flynn Gold Limited (ASX, FG1) has announced a substantial upgrade in tungsten assay results from its Firetower Project in northwest Tasmania. By applying a more comprehensive lithium borate fusion followed by X-ray fluorescence (XRF15b) assay method, the company recorded a 92% increase in tungsten grades over a 17-metre interval in drill hole 2019FTD007E, boosting the tungsten content to 0.73% WO3. This significant uplift underscores the potential underestimation of tungsten in earlier assays that relied on partial digestion techniques.

Polymetallic Potential Confirmed

The re-sampling program has also reaffirmed the presence of high-grade gold, tungsten, and cobalt mineralisation close to surface, with notable intercepts such as 17 metres at 4.1 g/t gold, 0.21% WO3, and 0.04% cobalt from just 7 metres depth. These polymetallic zones extend to depths of at least 150 metres and remain open both along strike and at depth, suggesting substantial upside potential.

Strategic Importance Amid Global Demand

Flynn Gold’s Firetower Project is strategically positioned within the prolific Mount Read Volcanic Sequence, a region known for significant polymetallic deposits. The inclusion of tungsten and cobalt, both critical minerals essential for the global energy transition, adds considerable economic and strategic value. With tungsten prices surging due to supply constraints and cobalt demand rising amid battery technology growth, Firetower’s polymetallic mineralisation could become increasingly valuable.

Accelerated Exploration and Resource Target

In response to these enhanced assay results and favourable market dynamics, Flynn Gold is accelerating its exploration activities. The company plans to fast-track re-sampling of remaining historical drill core using the improved assay method, undertake metallurgical testwork to assess processing options, remodel the deposit to refine drill targets, and deliver a maiden Mineral Resource Estimate in the first half of 2026. This focused approach aims to unlock the full potential of Firetower’s critical metals endowment.

Looking Ahead

While the recent findings are promising, the true thickness and continuity of the mineralised zones require further drilling and evaluation. Flynn Gold’s ongoing work will be closely watched by investors seeking exposure to critical minerals in a Tier-1 jurisdiction with strong ESG credentials. The coming months will be pivotal in defining Firetower’s resource and its role in the company’s growth strategy.