Far Northern Resources Limited (AU:FNR)
ASX:FNR
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Far Northern Resources Limited
(Sydney:FNR)
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Rating:44Neutral
Price Target:
AU$0.17
▲(37.50% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by an early-stage financial profile (no revenue, ongoing losses and cash burn) despite a low-debt balance sheet and some recent improvement in losses/cash outflow. Technicals are also weak with the price below key moving averages and negative MACD, while valuation is difficult to support due to negative earnings and no dividend yield.
Positive Factors
Low leverage
Very low leverage materially reduces refinancing and interest-rate risk for an exploration-stage miner. This conservative capital structure preserves financial optionality to pursue drilling and development, supports capital access, and limits fixed-cost burdens over months.
Negative Factors
Pre-revenue profile
The company is essentially pre-revenue and lacks commercial validation. With no recurring sales, value and cashflows depend on successful exploration or commodity cycles, increasing execution risk and making long-term planning contingent on future project milestones or financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage materially reduces refinancing and interest-rate risk for an exploration-stage miner. This conservative capital structure preserves financial optionality to pursue drilling and development, supports capital access, and limits fixed-cost burdens over months.
Read all positive factors
Far Northern Resources Limited (FNR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.15M
Dividend YieldN/A
Average Volume (3M)27.19K
Price to Earnings (P/E)―
Beta (1Y)1.65
Revenue GrowthN/A
EPS Growth63.41%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding71,461,136
10 Day Avg. Volume27,608
30 Day Avg. Volume27,188
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.18
Price to Sales (P/S)0.00
P/FCF Ratio-19.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Far Northern Resources Limited Business Overview & Revenue Model
Company Description
Far Northern Resources Limited engages in the exploration of gold and base metal properties in Australia. It holds interest in the Bridge Creek project located in Northern Territory; the Empire project located in North Queensland; and the Rocks Re...
How the Company Makes Money
null...
Far Northern Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 27.00K | 0.00 | 0.00 |
| Gross Profit | -74.19K | -107.75K | -106.69K | 27.00K | -66.40K | -3.20K |
| EBITDA | -715.61K | -422.87K | -969.11K | -340.88K | -46.45K | -305.91K |
| Net Income | -799.97K | -532.58K | -1.08M | -394.99K | -91.72K | -286.78K |
Balance Sheet | ||||||
| Total Assets | 9.42M | 8.86M | 9.42M | 1.90M | 1.52M | 1.66M |
| Cash, Cash Equivalents and Short-Term Investments | 3.56M | 2.51M | 3.56M | 425.89K | 10.22K | 92.40K |
| Total Debt | 30.00 | 90.09K | 90.04K | 0.00 | 77.80K | 100.00K |
| Total Liabilities | 201.51K | 168.00K | 201.51K | 134.58K | 78.04K | 216.53K |
| Stockholders Equity | 9.22M | 8.69M | 9.22M | 1.54M | 1.21M | 1.19M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -522.03K | -1.01M | 0.00 | -82.18K | -231.90K |
| Operating Cash Flow | -724.13K | -522.03K | -1.01M | -308.20K | -82.18K | -231.90K |
| Investing Cash Flow | -12.96K | -528.92K | -13.06K | -1.13K | 0.00 | -991.68K |
| Financing Cash Flow | 4.17M | 0.00 | 4.17M | 725.00K | 0.00 | 1.13M |
Far Northern Resources Limited Technical Analysis
Positive
0.12
Price Trends
0.16
Positive
0.14
Positive
0.15
Positive
Market Momentum
<0.01
Negative
69.41
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FNR, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.16, and below the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 69.41 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FNR.
Far Northern Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$45.59M | -2.79 | -28.97% | ― | ― | 5.93% | |
44 Neutral | AU$12.15M | -5.53 | -6.56% | ― | ― | 63.41% | |
43 Neutral | AU$4.72M | -2.92 | -153.71% | ― | ― | 37.65% | |
42 Neutral | AU$9.50M | -1.79 | -67.76% | ― | ― | -59.65% | |
41 Neutral | AU$13.11M | -0.72 | -92.34% | ― | ― | 69.23% | |
40 Underperform | AU$5.79M | -4.04 | -120.71% | ― | ― | 65.32% |
* Basic Materials Sector Average
AU:FNR
Far Northern Resources Limited
0.17
0.06
54.55%
AU:GNM
Great Northern Minerals Limited
0.03
0.01
80.00%
AU:AAJ
Aruma Resources Limited
0.01
<0.01
30.00%
AU:RBX
Resource Base Limited
0.04
0.01
46.43%
AU:GSM
Golden State Mining Ltd.
0.01
<0.01
20.00%
AU:SFM
Santa Fe Minerals Ltd.
0.28
0.24
600.00%
Far Northern Resources Limited Corporate Events
Far Northern Resources Extends Gold Mineralisation at Bridge Creek With Phase Two Drilling
Apr 8, 2026
Far Northern Resources has reported one-metre assay results from Phase Two reverse circulation drilling at its Bridge Creek mining lease in the Northern Territory, confirming extensions of gold mineralisation to the north, south and at depth below...
Far Northern Resources releases interim financial report for half-year 2025
Mar 16, 2026
Far Northern Resources Limited has published its consolidated interim financial report for the half-year to 31 December 2025, outlining its profit or loss, financial position, cash flows and changes in equity. The release, which includes the direc...
Far Northern Resources Flags April Expiry of 5.25 Million Unlisted Options
Mar 9, 2026
Far Northern Resources has notified holders of two classes of unlisted options that these securities are due to expire at 5:00 p.m. AEST on 12 April 2026, covering a total of 5.25 million options across the FNRAC and FNRAG series. Option holders w...
Far Northern Resources to Release Escrowed Shares and Options to Market
Mar 9, 2026
Far Northern Resources Limited will see 31,195,309 fully paid ordinary shares and several tranches of unlisted options, with exercise prices of $0.25 and $0.30 and expiries between April 2026 and April 2027, released from escrow on 12 April 2026. ...
Far Northern Resources Restarts Drilling to Extend Bridge Creek Gold Resource
Jan 29, 2026
Far Northern Resources has resumed drilling at its Bridge Creek tenement in the Northern Territory, commencing a Phase 2 program during the December 2025 quarter aimed at extending the known resource to the north and south and validating historica...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.