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The latest announcement is out from Far Northern Resources Limited ( (AU:FNR) ).
Far Northern Resources Limited has announced an updated Mineral Resource Estimate for its Ios Gold Project in the Northern Territory, revealing an inferred resource of 0.5 million tonnes at a grade of 1.49 grams per tonne, totaling 24,100 ounces of gold. This update strengthens the company’s position in the Pine Creek Goldfields and supports its strategy to develop a long-life operation in the region. The mineralization remains open along strike and down dip, with ongoing drilling efforts aimed at increasing resource confidence and defining high-grade zones, which will underpin future mining studies and metallurgical programs.
More about Far Northern Resources Limited
Far Northern Resources Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in identifying and developing mineral resources in the Northern Territory, with a strong emphasis on gold projects such as the Ios and Bridge Creek Gold Deposits.
Average Trading Volume: 53,532
Technical Sentiment Signal: Buy
Learn more about FNR stock on TipRanks’ Stock Analysis page.