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Article published on Mining News, 11 Feb 2021 | Kristie Batten

ASX hopeful Flynn Gold is on the verge of launching a A$10 million initial public offering.

Flynn has put together a package of tenements in northeast Tasmania, as well as some ground near Hemi in the Pilbara.

"Northern Tasmania is well-known today as an extension of the Lachlan Fold Belt," Flynn executive director Sam Garrett told last week's Virtual Gold Conference.

Garrett said all the focus in Tasmania had been on lead-zinc exploration in the west of the state.

Flynn estimates just $2 million was spent in north east Tasmania in the 2019 financial year, due to an estimated $102 million in Victoria.

"These areas pretty much got forgotten in the rush for other things," Garrett said.

"What's really key in the opportunity here for Flynn is our footprint relative to our peers in Victoria."

Read the full article here, and post your thoughts, feedback and questions on the 'Ask a question' section.

Flynn hunting for Fort Knox in Tasmania