Sale of Non-Core Mount Dove Project in WA for $200,000
Released
Released
Announcement PDF
ASX Announcement
31 July 2025
Sale of Non-Core Mount Dove
Project in WA for $200,000
Highlights
ASX: FG1
ABN 82 644 122 216
•
Mount Dove Project tenement (E45/5055) divested to Northern
Star Resources Ltd for cash consideration of $200,000
•
Proceeds to be used to fund further drilling at the Company’s highpriority gold and silver projects in Tasmania
•
Sale represents the first step in Flynn Gold’s divestment strategy
for its non-core Western Australian projects
•
For further information or to post questions, go to the Flynn Gold
Investor Hub at https://flynngold.com.au/link/PGqKYe
CAPITAL STRUCTURE
Share Price: A$0.029
Cash (30/06/25): A$1.2M
Debt: Nil
Ordinary Shares: 391.3M
Market Cap: A$11.3M
Options
Listed (FG1O): 50.6M
Unlisted Options:65.9M
Performance Rights: 2.4M
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,
Victoria, 3000
+61 (0) 3 9692 7222
info@flynngold.com.au
www.flynngold.com.au
Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is
pleased to announce the divestment of one of the tenements at its
Mount Dove Project (Figure 1), located in Western Australia.
Under a binding agreement the Company will sell its 100% interest in
Exploration Licence E45/5055 to Northern Star Resources Limited for
$200,000 in cash, with settlement expected to be completed in August
2025.
Flynn is actively seeking opportunities to divest or joint venture its
remaining non-core Western Australian exploration assets (see Figure
2) with any proceeds being applied to ongoing exploration of its
advanced, high-potential Tasmanian gold and silver projects.
Managing Director and CEO, Neil Marston commented:
“The Mount Dove Project is a very early-stage exploration asset which
requires significant expenditure to progress in any meaningful way, so
it represents a low priority asset for Flynn.
“This tenement sale is the first step in our broader divestment strategy
of our non-core Western Australian assets.
“Our exploration focus is firmly on our Tasmanian assets, where Flynn
has been reporting excellent results from fieldwork and drilling.
“The Mt Dove sale will provide the Company with an additional
$200,000 cash, which we’ll apply to further drilling in Tasmania over
the coming months.”
JOIN FLYNN GOLD’S INTERACTIVE INVESTOR HUB to interact with Flynn’s
announcements and updates by asking questions or making comments which our
team will respond to where possible.
Visit https://flynngold.com.au/auth/signup
Figure 1 – Mount Dove Tenement Map
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
Page 2 of 3 | ABN 82 644 122 216 | ASX: FG1
Suite 2, Level 11, 385 Bourke Street, Melbourne, Victoria, 3000
info@flynngold.com.au | www.flynngold.com.au
About Flynn Gold Limited
Flynn Gold is an Australian mineral exploration company with a portfolio of projects in Tasmania and
Western Australia (see Figure 2). The Company has ten 100% owned tenements located in northeast
Tasmania which are highly prospective for gold as well as tin/tungsten.
The Company also has the Henty zinc-lead-silver project on Tasmania’s mineral-rich west coast and
the Firetower gold and battery 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 2 – Location Plan of Flynn Gold Projects.
Page 3 of 3 | ABN 82 644 122 216 | ASX: FG1
Suite 2, Level 11, 385 Bourke Street, Melbourne, Victoria, 3000
info@flynngold.com.au | www.flynngold.com.au
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