Fin Resources Raises A$3.75m to Launch High-Grade Gold Drilling at Cabin Lake

Fin Resources Limited ( (AU:FIN) ) has shared an update.

Fin Resources has raised A$3.75 million via a strongly supported placement to institutional and sophisticated investors at A$0.01 per share to fund drilling at its Cabin Lake Gold Project in Canada. The capital injection fully finances a 1,500m maiden diamond drilling program targeting shallow, high-grade gold, with drilling scheduled to start in early March 2026.

The company will deploy funds toward drill mobilisation, downhole geophysics, geological interpretation and broader exploration, as well as working capital. With multiple fully permitted walk-up targets along a largely untested 15km Bugow Iron Formation corridor and acquisition completion expected in late February, the program is positioned as a key near-term catalyst that could materially advance Cabin Lake and strengthen FIN’s exploration portfolio.

The most recent analyst rating on (AU:FIN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Fin Resources Limited stock, see the AU:FIN Stock Forecast page.

More about Fin Resources Limited

Fin Resources Limited is an Australian-listed exploration company focused on precious metals, with a current emphasis on advancing gold assets in Canada. Its primary activity is the exploration and development of high-grade, near-surface gold prospects, particularly within banded iron formation-hosted systems that offer open-pit mining potential in underexplored regions.

Average Trading Volume: 2,560,041

Technical Sentiment Signal: Sell

Current Market Cap: A$13.73M

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