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Far Northern Resources Limited ( (AU:FNR) ) has shared an update.
Far Northern Resources Limited has updated its Mineral Resource Estimate (MRE) for the Ios Gold Project, increasing the inferred resource to 0.5 million tonnes at 1.49 grams per tonne of gold for a total of 24,100 ounces. This update supports the advancement of formal mining studies and ongoing resource definition drilling, which aims to enhance the confidence level of high-grade zones and improve geological domaining. Additionally, the company completed a LiDAR survey on its Bridge Creek mining leases, aiding in the strategic design of drill holes to expand near-mine resources.
More about Far Northern Resources Limited
Far Northern Resources Limited operates in the mining industry, focusing on gold exploration and development. The company is engaged in projects such as the Ios Gold Project and Bridge Creek Gold Deposit, primarily located in the Northern Territory, Australia.
Average Trading Volume: 40,149
Technical Sentiment Signal: Sell
Current Market Cap: A$10.72M
For an in-depth examination of FNR stock, go to TipRanks’ Overview page.