Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Flynn Gold Ltd. ( (AU:FG1) ) just unveiled an announcement.
Flynn Gold has agreed to sell its Forrestania and Lake Johnston exploration projects in Western Australia to Forrestania Resources for $350,000 in Forrestania shares, with completion expected by 31 March 2026. The deal follows a prior WA divestment and is part of Flynn’s strategy to exit non-core assets, reinforcing its focus on drilling and advancing its Tasmanian gold, silver and critical minerals projects, while retaining upside exposure to the divested assets through its new shareholding in Forrestania Resources.
The most recent analyst rating on (AU:FG1) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flynn Gold Ltd. stock, see the AU:FG1 Stock Forecast page.
More about Flynn Gold Ltd.
Flynn Gold Ltd. is an Australian mineral exploration company focused on gold, silver and critical minerals, with a primary project portfolio in Tasmania. The ASX-listed junior, trading under ticker FG1, has been progressively divesting non-core Western Australian exploration assets to concentrate capital and technical resources on its Tasmanian opportunities.
Average Trading Volume: 1,257,875
Technical Sentiment Signal: Buy
Current Market Cap: A$15.22M
For an in-depth examination of FG1 stock, go to TipRanks’ Overview page.