Drilling Confirms Strike-Extensive Silver System
Released
Released
Announcement PDF
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ASX Announcement
3 July 2026
ASX: FG1
ABN 82 644 122 216
CAPITAL STRUCTURE
Share Price: A$0.02
Cash (31/03/26): A$2.48M
Debt: Nil
Ordinary Shares: 608.6M
Market Cap: A$12.2M
Options
Listed (FG1O): 50.6M
Listed (FG1OA): 118.7M
Unlisted Options: 65.5M
BOARD OF DIRECTORS
Clive Duncan
Non-Executive Chair
Neil Marston
Managing Director and CEO
Sam Garrett
Technical Director
John Forwood
Non-Executive Director
COMPANY SECRETARY
Mathew Watkins
CONTACT
Suite 2, Level 11
385 Bourke Street
Melbourne VIC 3000
info@flynngold.com.au
www.flynngold.com.au
Henty Silver-Lead-Zinc Project
Maiden Drilling Confirms Strike-
Extensive Silver System at Silver King
Highlights
• Strong silver-lead-zinc mineralisation intersected in all five drill holes
completed along the Silver King Trend with best results including:
SKDD001 (previously reported):
1.0m @ 1,349.9g/t AgEq (1,020g/t (33oz/t) Ag, 15.2% Pb, 4.7% Zn)
from 101.0m; including
o 0.4m @ 3,087.7g/t AgEq (2,450g/t (79oz/t) Ag, 29.5% Pb,
9.0% Zn) from 101.2m
SKDD003:
0.75m @ 797.6g/t AgEq (195g/t Ag, 21.8% Pb, 13.0% Zn) from
102.8m; and
1.0m @ 478.3g/t AgEq (191g/t Ag, 15.7% Pb, 2.3% Zn) from
104.1m
SKDD005:
0.24m @ 609.9/t AgEq (110g/t Ag, 8.0% Pb, 18.2% Zn) from
123.9m; and
0.2m @ 751.5g/t AgEq (222g/t Ag, 24.5% Pb, 7.47% Zn) from
178.0m
• Developing geological model indicates strike-extensive, structurally
controlled vein systems hosting multiple high-grade silver -lead-zinc
shoots, consistent with high-grade silver districts worldwide.
• Multiple prospective mineralised vein trends identified across the
broader project area, highlighting district-scale exploration potential.
• Excellent infrastructure, including sealed road access, grid power and
proximity to the mining centre of Zeehan.
• For further information or to post questions, go to the Flynn Gold Investor
Hub at https://flynngold.com.au/link/y1aQEy
Flynn Gold Limited (ASX: FG1) (“Flynn” or “the Company”) is pleased
to advise that its maiden 5-hole diamond drilling program at the Silver King
Prospect, within the 100%-owned Henty Silver-Lead-Zinc Project near
Zeehan in western Tasmania (Figure 8), has confirmed the presence of
significant silver-lead-zinc mineralisation beneath historical workings.
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The program represents the first modern drilling completed along the Silver King Trend in more
than 80 years and has successfully confirmed high-grade silver-lead-zinc mineralisation beneath
the historical Silver King and South King mines.
Importantly, the Silver King Vein Trend forms part of a broader cluster of historically productive
silver-lead-zinc vein systems across the northern Henty Project area ("North Henty"). Continued
compilation of historical exploration data, together with Flynn's geological mapping and surface
sampling, is identifying multiple prospective mineralised vein trends beyond Silver King,
highlighting the district-scale exploration potential of the North Henty Project (Figure 1).
Figure 1 - Henty Project Area Rock Chip Sampling Plan
Managing Director and CEO Neil Marston commented:
"This maiden drilling program has delivered exactly what we set out to achieve – beyond confirming
high-grade silver-lead-zinc mineralisation beneath the historical Silver King and South King mines,
the program has significantly improved our understanding of the geological controls on
mineralisation along the Silver King Trend, providing a strong platform for the next phase of
exploration.
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“The program has identified multiple high-priority targets along the 1.6-kilometre Silver King Trend,
with significant portions of the trend remaining untested by modern drilling. These results give us
increasing confidence that additional high-grade mineralisation can be targeted along strike and at
depth.
“Beyond Silver King, our ongoing review of historical exploration, combined with geological
mapping and surface sampling, is revealing a much larger mineralised system across the North
Henty Project. This expanding pipeline of targets provides Flynn with exciting exploration
opportunities well beyond the current drilling area."
Silver King Trend Drilling Confirms Exploration Model
Five diamond drill holes (SKDD001 to SKDD005) were completed along the Silver King Trend,
comprising three holes at the Silver King Prospect and two holes at the South King Prospect,
located approximately 1km apart along the interpreted 1.6km-long mineralised corridor (Figure 2).
This program represents the first modern drilling completed along the trend in more than 80 years
and the first systematic test of the Silver King geological model beneath the historical mining
centres.
All five drill holes intersected silver-lead-zinc mineralisation, successfully confirming the presence
of mineralised vein structures beneath both the Silver King and South King historical mines. The
drilling has significantly improved Flynn's understanding of the structural controls on mineralisation
and supports an emerging geological model of strike-extensive, structurally controlled vein systems
hosting multiple high-grade shoots along the Silver King Trend.
Notably, SKDD001 intersected high-grade silver-rich mineralisation (0.4m @ 2,450g/t Ag) with
associated copper, antimony and arsenic geochemistry indicating a probable freibergite
association (silver-bearing tetrahedrite), a mineral noted historically with exceptionally high-grade
silver mineralisation in the broader Zeehan mineral field.
At South King, hole SKDD003 intersected multiple high-grade silver-lead-zinc veins within a
broader 3.8m mineralised zone (102.8-106.6m downhole). Although intervals of core loss prevent
reporting this as a continuous mineralised intercept, the results indicate a wider mineralised system
than the individual assay intervals alone suggest.
Interpretation of the maiden drilling results, together with historical mine workings, geochemistry
and geological mapping, has enabled Flynn to identify four interpreted high-grade shoot target
areas along the 1.6km Silver King Trend (Figure 3). These comprise the minimally drilled Silver
King and South King prospects, together with the undrilled Fahey's Gap and Sunrise-Bell targets.
Collectively, the interpreted shoot targets highlight the significant exploration upside remaining
along the largely untested Silver King Trend.
Best significant drill intersections and other drill hole information are shown in Appendix 1.
Drill hole location plans and drill hole sections for Silver King and South King are shown in Figure
4 to Figure 7.
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Figure 2 - Silver King Trend Long Section – Significant Mineralised Intercepts
Figure 3 - Silver King Trend Long Section – Targets Map
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Regional Exploration Identifies Multiple Mineralised Vein Trends
While drilling has focused on the Silver King Trend, Flynn has continued compiling historical
exploration data together with regional geological mapping and reconnaissance rock-chip sampling
across the broader North Henty Project area. This work is progressively identifying multiple
mineralised silver-lead-zinc vein trends beyond the drilled Silver King corridor and significantly
expanding the Company's understanding of the project's district-scale exploration potential.
A total of 74 rock-chip samples were collected from historical mine workings, mullock dumps and
mineralised float occurrences (see Appendix 2). Of these, 44 samples returned grades exceeding
311g/t AgEq (10oz/t AgEq), including 13 samples exceeding 933g/t AgEq (30oz/t AgEq).
Importantly, many of the highest-grade samples were collected from historical mines and prospects
developed on vein trends subparallel to the Silver King Trend (Figure 1). These results
demonstrate that high-grade silver-lead-zinc mineralisation is not confined to the Silver King Trend
and occurs across multiple mineralised vein systems within the North Henty Project.
Only limited historical drilling has been completed beyond the Silver King Trend. Despite this,
sparse drilling of the adjacent Maxim and Austral vein trends intersected significant Ag-Pb-Zn
mineralisation, with no subsequent follow-up. Together with Flynn's geological mapping and
surface sampling, these results reinforce the potential for multiple mineralised vein systems across
the North Henty Project and highlight the considerable exploration upside remaining across largely
untested targets. Significant mineralised intercepts from historical drill holes include:
Maxim Prospect:
ZT-82N-1:
• 1.0m @ 1,293.0g/t AgEq (600.0g/t Ag, 44.7% Pb, 0.44% Zn) from 150.0m; and
• 3.0m @ 111.9g/t AgEq (69.3g/t Ag, 2.63% Pb, 0.11% Zn) from 171.0m
Austral Prospect:
AU001:
• 1.0m @ 379.3g/t AgEq (324.0g/t Ag, 2.87% Pb, 0.55% Zn) from 236.0m; and
• 4.0m @ 301.0g/t AgEq (128.5.0g/t Ag, 9.38% Pb, 1.38% Zn) from 246.0m
ZT-81A-6:
• 3.0m @ 353.3g/t AgEq (71.3g/t Ag, 9.5% Pb, 6.6% Zn) from 74.0m
OP5:
• 3.1m @ 141.3g/t AgEq (62.2g/t Ag, 5.17% Pb, 5.97% Zn) from 177.2m
Collectively, Flynn's maiden drilling at Silver King, historical exploration data, geological mapping
and surface sampling indicate the presence of multiple mineralised silver-lead-zinc vein systems
extending over several kilometres of cumulative strike. While the Silver King Trend has provided a
successful proof-of-concept, both it and the broader North Henty Project remain at an early stage
of exploration, with substantial scope for systematic follow-up drilling to evaluate multiple high-
priority vein trends and high-grade shoot targets.
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Next Steps
Results from the maiden drilling program are being integrated with geological mapping, surface
geochemistry and historical mining data to refine the Silver King geological model and prioritise
follow-up exploration targets.
Planned activities include:
• Geological and structural modelling;
• Follow-up mapping and sampling of parallel mineralised vein trends, and
• Generation of priority drill targets.
Approved by the Board of Flynn Gold Limited.
For more information contact:
Neil Marston
Managing Director & CEO
+61 3 9692 7222
info@flynngold.com.au
Nicholas Read
Media & Investor Relations
+61 (0) 419 929 046
nicholas@readcorporate.com.au
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Figure 4 - Silver King Area Drill Hole Location Plan
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Figure 5 - Silver King SKDD001 Drill Section
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Figure 6 - South King Area Drill Hole Location Plan
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Figure 7 - South King Area Drill Section
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Figure 8 - Henty Project Geology and Prospects Location Plan
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APPENDIX 1
Table 1: Drill Hole Significant Mineralised Intercepts – Flynn Gold
Prospect DH ID From (m) To (m)
Interval
(m)
Ag (g/t) Pb (%) Zn (%)
AgEq
(g/t)
Silver King SKDD001 100.08 102 1.92 535.00 8.30 2.50 713.7
Silver King including 101 102 1.00 1020.00 15.20 4.70 1349.9
Silver King including 101.2 101.6 0.40 2450.00 29.50 9.00 3087.7
Silver King SKDD001 139.68 142.15 2.47 35.19 0.90 1.18 73.4
Silver King including 141.74 142.15 0.41 181.80 3.52 1.15 259.5
Silver King SKDD001 171.3 171.55 0.25 22.10 0.64 1.76 68.3
Silver King SKDD002 82.95 83.25 0.3 12.45 1.65 1.47 68.1
Silver King SKDD002 84.9 85.5 0.6 53.7 2.52 2.69 147.9
Silver King SKDD002 119.2 119.4 0.2 67 13.95 4.21 367.6
South King SKDD003 102.8 103.55 0.75 195.00 21.80 13.00 797.6
South King SKDD003 103.55 104.1 Core Loss - No Assay
South King SKDD003 104.1 105.1 1.00 191.00 15.65 2.31 478.3
South King SKDD003 105.1 105.8 Core Loss - No Assay
South King SKDD003 105.8 106.6 0.80 54.46 8.36 6.53 317.5
South King SKDD003 107.2 108.1 0.90 36.00 2.86 0.44 88.9
South King SKDD004 136.35 136.6 0.25 9.75 1.3 5.93 152.4
Silver King SKDD005 119.82 119.98 0.16 113 12.9 1.3 337.3
Silver King SKDD005 123.9 124.14 0.24 110 8.05 18.2 609.9
Silver King SKDD005 178 179.92 1.92 26.9 2.84 3.86 150.3
Silver King including 178 178.8 0.5 92.2 10.2 4.16 334.4
Silver King including 178 178.2 0.2 222 24.5 7.47 751.5
Note: Intervals are reported as downhole width. True width is not yet determined.
*Silver Equivalent Calculations
Silver equivalent (AgEq) values used throughout this announcement have been calculated using the formula
AgEq (g/t) = Ag(g/t) + Pb(%) x 15.3 + Zn(%) x 20.7, based on metal prices of US$40.1/oz silver, US$1,962/t
lead and US$2,870/t Zinc (2025 12-month average metal prices). Metallurgical recoveries of 85% for silver,
90% for lead and 85% for zinc have been assumed.
The recovery assumptions are considered reasonable for the purposes of reporting exploration results based
on the observed coarse-grained sulphide mineralisation, comprising silver-bearing galena and sphalerite
occurring as discrete and generally zoned mineral bands. The mineralisation is considered likely to be
amenable to conventional grinding and sequential flotation methods, with the silver expected to report
predominantly with the lead concentrate. No metallurgical testwork has been completed on the Silver King
Trend mineralisation and the recovery assumptions remain preliminary in nature.
Silver equivalent values are expressed in units of grams/tonne (g/t) and are calculated by converting lead
and zinc grades to silver equivalent using the stated metal prices and recoveries and summing these with
the silver grade. The AgEq calculations are provided for indicative comparison purposes only and should not
be considered indicative of actual metallurgical recoveries that may ultimately be achieved.
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Table 2: Drill Hole Collar Details – Flynn Gold
Hole ID Prospect Easting Northing RL Dip Azimuth
Depth
(m)
Company
SKDD001 Silver King 362675 5360420 167 -50 15 224.6 Flynn Gold
SKDD002 Silver King 362675 5360420 167 -60 68 200.6 Flynn Gold
SKDD003 South King 363077 5359696 166 -55 10 185.3 Flynn Gold
SKDD004 South King 363080 5359635 166 -70 50 266.6 Flynn Gold
SKDD005 Silver King 362669 5360403 168 -55 5 224.5 Flynn Gold
Table 3: Drill Hole Collar Details – Historical
Hole ID Prospect Easting Northing RL Dip Azimuth
Depth
(m)
Company
DDH-13 Silver King 362555 5360620 172 -45 61.5 183.2 North Broken Hill
DDH-14 South King 363015 5359800 168 -45 60.5 86.9 North Broken Hill
DDH-15 Silver King 362630 5360590 169 -54 59.5 114.9 North Broken Hill
DDH-16 Silver King 362690 5360510 165 -60 64 106.7 North Broken Hill
DDH-17 South King 363055 5359814 168 -76 60 100.6 North Broken Hill
DDH-18 South King 363130 5359533 160 -45 51 149.7 North Broken Hill
DDH-19 South King 362995 5359885 173 -60 58 156.7 North Broken Hill
DDH-20 South King 363100 5359595 162 -56 57 153.6 North Broken Hill
DDH-21 South King 363030 5359670 166 -50 57 151.8 North Broken Hill
DDH-22 South King 363125 5359880 167 -36 234 152.1 North Broken Hill
ZT-82N-1 Maxim 361770 5359209 150 -54 234 229.1 Amoco Australia
AU001 Austral 362155 5358969 204 -55 82 344.4 Creat Resources
OP5 Austral 362437 5359226 170 -55 70 203.0 Pasminco
ZT-81A-6 Austral 362222 5359004 199 -55 69 194.2 Amoco Australia
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Table 4: Drill Hole Significant Mineralised Intercepts – Historical
Prospect DH ID From (m) To (m)
Interval
(m)
Ag (g/t) Pb (%) Zn (%)
AgEq
(g/t)
Silver King DDH-13 144.17 144.48 0.31 22.4 0 19.9 434.3
Silver King DDH-13 145.39 145.54 0.15 245.7 23.8 12.3 864.5
Silver King DDH-15 88.77 89.23 0.46 18.7 0.4 0.3 31.0
Silver King DDH-15 89.46 89.76 0.3 43.5 1 1.6 91.9
Silver King DDH-15 90.83 91.44 0.61 21.8 2.8 2.3 112.3
Silver King DDH-15 91.44 91.67 0.23 28.0 2.4 0.7 79.2
Silver King DDH-15 95.55 96.01 0.46 547.4 47.5 5 1377.7
Silver King DDH-16 42.37 42.52 0.15 133.7 14.7 5.4 470.4
Silver King DDH-16 95.71 95.86 0.15 177.3 15.6 2.5 467.7
Silver King DDH-16 97.54 97.99 0.45 102.6 4.6 10.3 386.2
Silver King DDH-16 98.07 98.45 0.38 77.8 3.5 2.4 181.0
Silver King DDH-16 99.21 99.82 0.61 279.9 14.4 5.4 612.0
South King DDH-17 92.35 93.73 1.38 37.3 3.0 5.2 190.9
South King DDH-21 138.99 140.21 1.22 133.7 13.3 12.9 604.2
Maxim ZT-82N-1 150 151 1.0 600.0 44.7 0.44 1293.0
Maxim ZT-82N-1 171 174 3.0 69.3 2.6 0.11 111.9
Austral AU001 236.0 237.0 1.0 324.0 2.9 0.55 379.3
Austral AU001 239.0 240.0 1.0 110.0 2.0 0.3 147.1
Austral AU001 246.0 250.0 4.0 128.5 9.4 1.4 301.0
Austral ZT-81A-6 74.0 77.0 3.0 71.3 9.5 6.6 353.3
Austral OP5 177.2 180.3 3.1 62.2 5.2 0.6 141.3
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APPENDIX 2
Table 5: Summary Rock Sample Data
Sample
ID
Easting Northing Prospect Occurrence Ag (g/t) Pb (%) Zn (%) AgEq (g/t)
83335 363147 5359703 Zeehan Bell Mullock 173 11.15 1.785 380.5
83336 363181 5359597 Zeehan Bell Mullock 37.7 0.7 2.02 90.2
83337 363178 5359627 Zeehan Bell Mullock 268 12.8 3.53 536.9
83338 363249 5359498 Zeehan Bell Mullock 230 10.65 9.19 583.2
83339 363042 5359907 South King Mullock 384 0.1335 0.0551 387.2
83340 363075 5359793 South King Mullock 31.1 0.347 2.66 91.5
83341 363096 5359659 Zeehan Bell Mullock 355 5.5 2.37 488.2
83342 363272 5359493 Zeehan Bell Mullock 84 7.61 23.5 686.9
83343 363280 5359488 Zeehan Bell Mullock 142 16.25 1.685 425.5
83344 363106 5359646 Zeehan Bell Mullock 298 9.89 3.28 517.2
83362 364356 5359616 Monte Cristo Mullock 22.1 0.1545 0.0819 26.2
83363 364316 5359667 Monte Cristo Mullock 515 17.9 8.81 971.2
83364 364332 5359664 Monte Cristo Mullock 11.1 0.999 0.525 37.3
83365 364336 5359652 Monte Cristo Mullock 25.9 1.29 0.328 52.4
83366 364331 5359536 Monte Cristo Mullock 82.6 9 2.37 269.4
83367 364344 5359525 Monte Cristo Mullock 41.1 4.43 3.69 185.3
83368 364339 5359546 Monte Cristo Mullock 324 22.8 1.72 708.4
83369 364327 5359541 Monte Cristo Mullock 13.1 2.11 0.408 53.8
83426 364429 5359817 Monte Cristo Mullock 98.4 7.37 29.4 819.7
83427 363931 5359989 Monte Cristo Mullock 0.05 0.012 0.027 0.8
83370 363348 5359332 Sunrise Mullock 9.7 1.29 2.41 79.3
83371 363345 5359347 Sunrise Mullock 112 6.74 1.17 239.3
83372 363354 5359365 Sunrise Float 40.5 1.665 1.55 98.1
83373 362735 5360418 Silver King Mullock 400 11.8 10.5 797.9
83374 363076 5359983 South King Float 1.18 0.621 0.252 15.9
83375 363048 5359978 South King Mullock 220 26.6 3.34 696.1
83376 363162 5359753 Zeehan Bell Mullock 39.1 6.65 5.49 254.5
83377 363148 5359761 Zeehan Bell Mullock 43.9 3.75 3.55 174.8
83378 363152 5359763 Zeehan Bell Mullock 77.8 12.6 6.47 404.5
83379 363152 5359722 Zeehan Bell Outcrop 39.3 0.48 0.1905 50.6
83380 363154 5359733 Zeehan Bell Outcrop 2.6 0.102 0.0503 5.2
83381 363022 5359942 South King Outcrop 2.85 0.389 0.1415 11.7
83382 363025 5359942 South King Outcrop 2.01 0.928 0.1605 19.5
83383 363026 5359941 South King Outcrop 8.19 1.18 0.369 33.9
AV001 362285 5358999 Austral Mullock 420 51.3 18.45 1586.8
AV002 362234 5359219 Austral Mullock 59 0.277 41.4 920.2
AV003 362235 5359219 Austral Mullock 38 0.46 10.5 262.4
AV004 362235 5359219 Austral Mullock 784 67.4 8.14 1983.7
AV005 362273 5359569 Watt and McAuliffe’s Mullock 165 25 1.065 569.5
AV006 362276 5359573 Watt and McAuliffe’s Mullock 32 6.65 0.282 139.6
AV007 362254 5359615 Watt and McAuliffe’s Mullock 1120 52.1 3.09 1981.1
AV008 362253 5359629 Watt and McAuliffe’s Mullock 395 20.6 3.94 791.7
AV009 362265 5359624 Watt and McAuliffe’s Mullock 99 6.04 7.46 345.8
AV010 361883 5358592 Perrys No 2 Mullock 46 3.13 1.7 129.1
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Sample
ID
Easting Northing Prospect Occurrence Ag (g/t) Pb (%) Zn (%) AgEq (g/t)
AV011 351769 5358696 Perrys No 2 Mullock 720 43.6 0.421 1395.8
AV012 361770 5358708 Perrys No 2 Mullock 397 28.6 0.386 842.6
AV013 361743 5358707 Perrys No 2 Mullock 123 6.27 0.06 220.2
AV014 361743 5358609 Perrys No 2 Mullock 372 24.3 0.427 752.6
AV015 361743 5358616 Perrys No 2 Mullock 444 28.4 0.454 887.9
AV016 361742 5358616 Perrys No 2 Mullock 777 50.9 0.775 1571.8
AV017 362657 5360676 Perrys No 2 Mullock 123 7.01 9.41 425.0
AV018 362673 5360665 Perrys No 2 Mullock 581 36.5 4.07 1223.7
SKR001 362018 5361000 Colemans Load Mullock 41.9 0.49 11.2 281.2
SKR002 362017 5360992 Colemans Load Mullock 91.2 3.34 0.42 151.0
SKR003 362018 5360992 Colemans Load Mullock 400 6.39 10.7 719.3
SKR004 362629 5360603 Silver King Mullock 107 9.08 42.5 1125.7
SKR005 362670 5360645 Silver King Mullock 63.5 11.1 3.42 304.1
SKR006 362670 5360645 Silver King Mullock 35 3.06 4.22 169.2
SKR007 362151 5360458 Section 4705 Mullock 86.8 2.57 1.55 158.2
SKR008 362085 5360582 Section 50-44 Mullock 35.9 2.08 0.54 78.9
SKR010 363038 5359867 South King Mullock 191 13.7 12.6 661.4
SKR011 363040 5359872 South King Mullock 2530 27 7.39 3096.1
SKR012 363045 5359860 South King Mullock 1610 14.1 9.39 2020.1
SKR022 363038 5359867 South King Mullock 171 24 13.4 815.6
SKR023 363042 5359810 South King Mullock 7.5 0.747 1.34 46.7
SKR018 363105 5359628 South King Mullock 840 11 3.93 1089.7
SKR019 363101 5359624 South King Mullock 1470 12.6 8.35 1835.6
SKR013 363123 5359659 Zeehan Bell Mullock 210 18.7 8.81 678.5
SKR014 363120 5359657 Zeehan Bell Mullock 350 18.5 3.79 711.5
SKR015 363114 5359661 Zeehan Bell Mullock 136 38.3 4.76 820.5
SKR016 363114 5359661 Zeehan Bell Mullock 69 10 5 325.5
SKR017 363103 5359626 Zeehan Bell Mullock 123 21 2.25 490.9
SKR020 363260 5359551 Zeehan Bell Mullock 410 16.4 2.05 703.4
SKR021 363395 5359518 Zeehan Bell Mullock 137 9.85 9.54 485.2
SKR024 363092 5359627 Zeehan Bell Mullock 76.5 10.7 11.4 476.2
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About Flynn Gold Limited
Flynn Gold is an Australian mineral exploration company with a portfolio of projects in Tasmania (see
Figure 9). The Company has ten 100% owned tenements located in northeast Tasmania which are highly
prospective for gold as well as tin and tungsten.
The Company also has the Henty silver-lead-zinc project on Tasmania’s mineral-rich west coast and the
Firetower tungsten, gold and critical metals project located in northern Tasmania.
Flynn has also established a portfolio of exploration assets in the Pilbara and Yilgarn regions of Western
Australia.
For further information regarding Flynn Gold please visit the ASX platform (ASX: FG1) or the Company’s
website www.flynngold.com.au.’
Figure 9 - Location of Flynn Gold tenements in Tasmania
Page 18 of 26 | ABN 82 644 122 216 | ASX: FG1
Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
info@flynngold.com.au | www.flynngold.com.au
In accordance with Listing Rule 5.23.2, the Company confirms in this subsequent public report that it is
not aware of any new information or data that materially affects the information included in any previous
market announcements.
Competent Person Statement
The information in this ASX Announcement that relates to Exploration Results, including historical
Exploration Results, is based on information compiled and reviewed by Mr Sean Westbrook, a
Competent Person who is a Member of the Australian Institute of Geoscientists. Mr Westbrook is a
consultant to Flynn Gold and is a shareholder in Flynn Gold. Mr Westbrook has sufficient experience that
is relevant to the style of mineralisation and type of deposit under consideration and to the activity being
undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Westbrook consents to
the inclusion in this announcement of the matters based on his information in the form and context in
which they appear.
Historical Exploration Results
This announcement includes historical Exploration Results derived from archived government and
company reports relating to mining and drilling conducted in the late 1800s to mid-1900s. These historical
Exploration Results are reported in accordance with the JORC Code (2012), with supporting commentary
provided in the JORC Code Table 1 included in this announcement.
The original sampling, assaying and drilling procedures were not conducted to modern industry
standards and documentation relating to quality control, laboratory methods and sample security is
limited. The Competent Person has not independently verified the original assay certificates or laboratory
procedures associated with the historical data.
The historical information is presented for the purpose of providing context to exploration targeting and
should not be relied upon as an indication of the presence or grade of mineralisation.
Silver Equivalent Calculations
Silver equivalent (AgEq) values used throughout this announcement have been calculated using the
formula AgEq (g/t) = Ag(g/t) + Pb(%) x 15.3 + Zn(%) x 20.7, based on metal prices of US$40.1/oz silver,
US$1,962/t lead and US$2,870/t Zinc (2025 12-month average metal prices). Metallurgical recoveries of
85% for silver, 90% for lead and 85% for zinc have been assumed.
The recovery assumptions are considered reasonable for the purposes of reporting exploration results
based on the observed coarse-grained sulphide mineralisation, comprising silver-bearing galena and
sphalerite occurring as discrete and generally zoned mineral bands. The mineralisation is considered
likely to be amenable to conventional grinding and sequential flotation methods, with the silver expected
to report predominantly with the lead concentrate. No metallurgical testwork has been completed on the
Silver King Trend mineralisation and the recovery assumptions remain preliminary in nature.
Silver equivalent values are expressed in units of grams/tonne (g/t) and are calculated by converting
lead and zinc grades to silver equivalent using the stated metal prices and recoveries and summing
these with the silver grade. The AgEq calculations are provided for indicative comparison purposes only
and should not be considered indicative of actual metallurgical recoveries that may ultimately be
achieved.
Page 19 of 26 | ABN 82 644 122 216 | ASX: FG1
Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
info@flynngold.com.au | www.flynngold.com.au
Forward Looking and Cautionary Statements
Some statements in this announcement regarding estimates or future events are forward-looking
statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial
performance. Forward-looking statements include, but are not limited to, statements preceded by words
such as “planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”,
“believes”, “potential”, "predict", "foresee", "proposed", "aim", "target", "opportunity", “could”, “nominal”,
“conceptual” and similar expressions. Forward-looking statements, opinions and estimates included in
this report are based on assumptions and contingencies which are subject to change without notice, as
are statements about market and industry trends, which are based on interpretations of current market
conditions. Forward-looking statements are provided as a general guide only and should not be relied
on as a guarantee of future performance. Forward-looking statements may be affected by a range of
variables that could cause actual results to differ from estimated or anticipated results and may cause
the Company’s actual performance and financial results in future periods to materially differ from any
projections of future performance or results expressed or implied by such forward-looking statements.
So, there can be no assurance that actual outcomes will not materially differ from these forward-looking
statements.
References
FG1:ASX Announcement (Prospectus) dated 15 June 2021
FG1:ASX Announcement dated 19 February 2025
FG1:ASX Announcement dated 20 February 2026
Page 20 of 26 | ABN 82 644 122 216 | ASX: FG1
Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
info@flynngold.com.au | www.flynngold.com.au
JORC Code Table 1 for Exploration Results
Section 1: Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (e.g.
cut channels, random chips, or
specific specialised industry standard
measurement tools appropriate to
the minerals under investigati
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