Study to Unlock New Firetower Gold-Tungsten-Copper Targets
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ASX Announcement
29 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
Firetower Project, Northern Tasmania
Project-Wide Study to Unlock New
Gold-Tungsten-Copper Targets
Highlights
• Leading Australian geophysical consultants Resource Potentials
Pty Ltd has been engaged to complete a project-wide re-
interpretation of historical geophysical datasets at Flynn’s
100%-owned Firetower Gold-Tungsten-Copper Project.
• Historical exploration at the Firetower Project in northern
Tasmania, has identified a 6 kilometre corridor of anomalism
extending between the Firetower West and Firetower East
prospects.
• The area of current and historical drilling at Firetower has
tested less than 5% of the 6km corridor.
• The study will use the latest processing software and aims to
generate high-level interpretation and targeting, to prioritise
areas for follow-up exploration and drilling.
• Study expected to be completed in Q4 2026.
• For further information or to post questions, go to the Flynn Gold
Investor Hub at https://flynngold.com.au/link/rJKNMP
Flynn Gold Limited (ASX: FG1) (“Flynn” or “the Company”) is pleased
to announce the commencement of project-wide geophysical reinterpretation
across its 100%-owned Firetower Project in northern Tasmania (Figure 3).
Managing Director and CEO Neil Marston commented:
“While our current drilling is located on the Firetower deposit itself, which has
been the focus of most of the historical drilling, we believe it represents only
a small part of a much larger mineralised system.
“This project-wide study is being undertaken by the team at Resource
Potentials Pty Ltd, a leading Australian geophysical consulting group, who
will re-process and re-evaluate historical geophysical surveys and other data
using their latest computing technology.
“The extensive Firetower mineralised system is largely untested by drilling
so we want the best information available to determine where to explore next
outside of the current focus area.
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Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
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“This study will take a few months to complete, so we look forward to the high-priority targets
and follow-up exploration recommendations generated by the study.”
Geophysical Study
Several generations of geophysical surveys have been completed historically in a piecemeal
approach over a zone of 6 kilometres between Firetower West and Firetower East (Figure 1).
The main Induced Polarisation (IP) surveys completed to date123
are shown with similar
chargeability images, highlighting an apparent continuity of mineralisation, particularly between
the Firetower and Firetower East prospects.
Figure 1 - Compilation Plan of historical IP surveys over the Firetower Project
At the Firetower deposit sub-surface gold-tungsten mineralisation identified in drilling to date is
spatially associated with a zone of high chargeability, which appears to continue for several
kilometres along strike.
1
Callaghan, T., 2002, Annual Report - EL12/2001 - Sept 2001-August 2002, Auriongold Exploration Pty Ltd, August 2002, Mineral
Resources Tasmania Report No 02_4766
2
Stonestreet, P.G., 2014. Firetower Project Annual Report for EL26/2004 for the Period 26 November 2013 to 25 November 2014.
Unity Mining Ltd. Unpublished Company Report to Mineral Resources Tasmania.
3
Cryan, G., 2018 Annual Report for EL26/2004 Firetower for the Period 26 November 2017 to 25 November 2018. Greatland Pty
Ltd. Unpublished Company Report to Mineral Resources Tasmania
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Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
info@flynngold.com.au | www.flynngold.com.au
While the earlier IP surveys clearly indicate the large potential scale of the system, the amount
of drilling outside the Firetower prospect is very limited to date (see Figure 2).
Figure 2 – Regional Geology Plan of the Firetower-Firetower East Zone showing IP and drill hole positions
Resource Potentials Pty Limited has been engaged to undertake a project-wide re-
interpretation of historical geophysical datasets using their latest processing software, focusing
on:
• Airborne magnetic and radiometric survey data compilation, processing and imaging;
• IP survey data compilation, processing and imaging;
• Airborne electromagnetic (EM) survey data compilation, processing and imaging, and
• High-level interpretation and targeting, generating target areas for follow-up exploration
and drilling.
The study is expected to be completed in Q4 2026.
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Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
info@flynngold.com.au | www.flynngold.com.au
Firetower Prospect Overview
Firetower is an advanced-stage polymetallic gold-tungsten-copper project located within the
north-eastern extension of the prolific Mt Read Volcanics, one of Australia's premier volcanic-
hosted mineral provinces (Figure 3).
Figure 3 – Location of Flynn Gold’s NW Tasmanian Projects showing the Firetower Project
The project has previously been held by some substantial mining and exploration companies
such as CRA Exploration Pty Ltd, Noranda Pty Ltd, Plutonic Operations Limited and Greatland
Gold plc. Flynn Gold Limited acquired the project in 2023.
Approved by the Board of Flynn Gold Limited.
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Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
info@flynngold.com.au | www.flynngold.com.au
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
About Flynn Gold Limited
Flynn Gold is an Australian mineral exploration company with a portfolio of projects in Tasmania (see
Figure 4) The Company has thirteen 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.
For further information regarding Flynn Gold please visit the ASX platform (ASX: FG1) or the Company’s
website www.flynngold.com.au.’
Figure 4 – Location of Flynn Gold tenements in Tasmania
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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.
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 dated 27 October 2023
FG1: ASX Announcement dated 22 January 2024
FG1: ASX Announcement dated 26 March 2024
FG1: ASX Announcement dated 19 February 2025
FG1: ASX Announcement dated 01 October 2025
FG1: ASX Announcement dated 30 October 2025
FG1: ASX Announcement dated 24 March 2026
FG1: ASX Announcement dated 01 June 2026
FG1: ASX Announcement dated 15 July 2026
FG1: ASX Announcement dated 16 July 2026
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