Latest Flynn Gold (ASX:FG1) News

Flynn Gold has lodged a prospectus for a one-for-three renounceable rights issue priced at 1.5 cents, offering shareholders a heavily discounted entry point alongside free options. The partially underwritten raise is intended to fund Golden Ridge drilling, a maiden Firetower resource estimate and working capital.

Flynn Gold is pushing Golden Ridge and Firetower towards resource definition, but its FY2026 annual report flags a material going-concern uncertainty and a cash balance of just A$1.11 million. A partially underwritten A$3 million rights issue now sits alongside drilling, permitting and a non-binding processing pathway with Henty Gold Mine.

Flynn Gold has returned to trading with a one-for-three renounceable rights issue priced at A$0.015, seeking up to approximately A$3 million for Tasmanian exploration. Only A$1.5 million is underwritten, leaving the final proceeds dependent on shareholder participation and shortfall demand.

Flynn Gold has been suspended from trading while it prepares to announce a capital raising, leaving investors without details on the size, pricing or potential dilution. The company expects normal trading to resume by 18 September 2026, unless the announcement is released sooner.

Flynn Gold’s 2026 drilling at Firetower in northern Tasmania confirms multiple high-grade gold-tungsten-copper-cobalt zones, extending mineralisation depth and strike. Assays from two further holes are pending, with metallurgical testwork and resource modelling underway.

Flynn Gold’s metallurgical tests at its Golden Ridge Project in northeast Tasmania demonstrate strong gold recoveries from lower-grade mineralisation, supporting bulk mining potential and advancing project development.

Flynn Gold is kicking off a 2,500m drilling campaign at its Brilliant Prospect in northeast Tasmania, aiming to convert promising trench assay results into a formal Mineral Resource and fast-track project development.

Flynn Gold has inked a non-binding Ore Purchase Agreement with Kaiser Reef's Henty Gold Mine, opening a potential low-capital route to production for its Golden Ridge project in Tasmania.

Flynn Gold has secured a key regulatory milestone by registering Mining Lease Application 6M/2026 over part of its Golden Ridge Project in northeast Tasmania, enabling accelerated development including resource drilling and environmental studies.

Flynn Gold’s 2026 drilling at Firetower confirms high-grade polymetallic mineralisation extending at least 80 metres deeper than previous drilling, with copper grades adding new value potential.

A tiny gold explorer, a battery materials stock and a biotech name led a week packed with dealmaking, drilling news and fresh funding. Resources did most of the heavy lifting, while several big gaps either held firm or gave back part of their early jump.

Speculation ran hottest in junior resources, where drilling hits, study results and funding deals drove some extreme weekly moves. Rare earths, gold and dealmaking set the pace, while several capital raisings and acquisitions produced mixed reactions.