Far Northern Resources Limited (AU:FNR)
ASX:FNR
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Far Northern Resources Limited
(Sydney:FNR)
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Rating:48Neutral
Price Target:
AU$0.17
▲(40.00% Upside)
Action:ReiteratedDate:04/14/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and continued cash burn despite some improvement), partially offset by a low-leverage balance sheet. Technicals are moderately supportive with price above key moving averages, while valuation remains pressured due to negative earnings and no dividend data.
Positive Factors
Low leverage / conservative balance sheet
Very low debt relative to equity materially reduces refinancing and interest-rate risk for an exploration-stage miner. This structural strength gives management flexibility to pursue exploration or development without immediate debt funding, preserving optionality over the next 2–6 months.
Negative Factors
Pre-revenue business profile
Being pre-revenue means the company lacks proven commercial cash flows or margins, leaving value dependent on successful exploration and asset monetization. Over the next several months this structural uncertainty limits visibility into sustainable profitability and makes outcomes binary and project-dependent.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Very low debt relative to equity materially reduces refinancing and interest-rate risk for an exploration-stage miner. This structural strength gives management flexibility to pursue exploration or development without immediate debt funding, preserving optionality over the next 2–6 months.
Read all positive factors
Far Northern Resources Limited (FNR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$11.79M
Dividend YieldN/A
Average Volume (3M)27.19K
Price to Earnings (P/E)―
Beta (1Y)1.21
Revenue GrowthN/A
EPS Growth52.44%
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
60.56
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 0.16, 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 60.56 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% | |
48 Neutral | AU$11.79M | -5.53 | -6.56% | ― | ― | 52.44% | |
45 Neutral | AU$12.85M | -4.07 | -7.09% | ― | ― | -135.48% | |
44 Neutral | AU$10.46M | -4.25 | -9.43% | ― | ― | 53.13% | |
44 Neutral | AU$8.21M | -3.87 | -34.21% | ― | ― | 92.50% | |
43 Neutral | AU$12.04M | 37.48 | -4.21% | ― | ― | 80.00% | |
41 Neutral | AU$9.57M | -0.53 | -184.19% | ― | ― | 8.00% |
* Basic Materials Sector Average
AU:FNR
Far Northern Resources Limited
0.17
0.05
37.50%
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Sipa Resources Limited
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Far Northern Resources Limited Corporate Events
Far Northern Resources Extends Gold Mineralisation and Sets 2026 Growth Plan at Bridge Creek
Apr 26, 2026
Far Northern Resources has completed its Phase 2 drilling program at the Bridge Creek tenement in the Northern Territory and reported assay results indicating significant extensions of gold mineralisation. The drilling has confirmed mineralisation...
Far Northern Resources Seeks ASX Quotation for 31 Million Newly Tradable Shares
Apr 13, 2026
Far Northern Resources Limited has lodged an application with the ASX for quotation of 31,195,309 ordinary fully paid shares under its existing FNR code. The securities, which were issued on 12 April 2024 and are no longer subject to escrow restri...
Far Northern Resources Options Lapse Without Exercise
Apr 13, 2026
Far Northern Resources Limited has updated the market on changes to its issued capital following the expiry of certain options. The company reported that 700,000 restricted options and 4,550,000 options exercisable at $0.25, both expiring on 12 Ap...
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. ...
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.