Far Northern Resources Advances Bridge Creek Drilling with Strong Cash Backing

Exploration Momentum Builds at Bridge Creek

Far Northern Resources has kicked off the second phase of its drilling program at the Bridge Creek gold project in the Northern Territory during the December 2025 quarter. This follows a successful initial phase that helped define the existing resource base. The current drilling campaign, comprising 29 holes, is designed to extend the known mineralisation both north and south of the established resource, as well as to test areas of historical drilling. Assay results from this phase are expected in the first quarter of 2026, which will be critical in assessing the potential for resource growth.

Stable Resource Base and Focused Expenditure

The company’s mineral resource estimates as of August 2025 remain unchanged, with Bridge Creek holding an indicated and inferred gold resource of approximately 1.97 million tonnes at 1.12 grams per tonne, equating to about 70,560 ounces. Other projects such as Empire Stockworks in Queensland and the Ios Gold Project in the Northern Territory also maintain their resource estimates, though no substantive exploration occurred there during the quarter. Far Northern Resources invested $192,794 in exploration activities, predominantly directed at Bridge Creek, underscoring its strategic focus on this promising asset.

Financial Health and Corporate Governance

Financially, Far Northern Resources remains well-positioned with a cash balance of $1.93 million at quarter-end, providing an estimated runway of over five quarters at current expenditure levels. The company’s cash outflows were primarily related to exploration drilling and operating costs. Payments to related parties, including directors’ fees, amounted to $67,875 during the quarter. The successful Annual General Meeting held in November 2025 saw all shareholder resolutions passed, reflecting stable governance and shareholder support as the company advances its exploration agenda.

Outlook and Market Positioning

With Phase 2 drilling underway and assay results pending, Far Northern Resources is poised to potentially expand its gold resource base at Bridge Creek. The company’s prudent financial management and focused exploration strategy position it well to capitalise on any positive drilling outcomes. However, the market will be watching closely for assay results to gauge the scale and quality of any resource extensions, which will be pivotal for future development decisions and valuation.