FNR Confirms 117,000oz Gold Resource Across Northern Territory and Queensland Projects

Resource Portfolio Overview

Far Northern Resources (ASX, FNR) has presented a comprehensive investor update in August 2025, reaffirming its position in the gold exploration and development sector. The company’s portfolio now boasts a combined JORC-compliant mineral resource of approximately 117,000 ounces of gold, spread across its key projects, Bridge Creek and Ios in the Northern Territory, and Empire Stockworks in Queensland.

The Bridge Creek and Ios projects, situated along the significant Howley Anticline geological structure, have been the focus of recent drilling campaigns. Bridge Creek alone holds an inferred resource of nearly 71,000 ounces, while Ios contributes an additional 24,000 ounces. Empire Stockworks adds around 22,500 ounces, bringing the total resource base to a solid foundation for future growth.

Drilling Success and Exploration Strategy

Phase 1 drilling at Bridge Creek has validated historical data, confirming the presence of high-grade gold mineralisation. Notable intercepts include multiple significant gold grades, such as 2 meters at 21.44 grams per tonne and 3 meters at 36.82 grams per tonne in various drill holes. These results underpin the company’s confidence in the resource’s expansion potential.

Looking ahead, Phase 2 drilling is scheduled to commence in September 2025, targeting extensions along strike and at depth, particularly at Bridge Creek South. This next phase aims to infill and expand the resource, potentially unlocking substantial upside. The company is also conducting a rigorous quality assurance and quality control (QAQC) program to ensure data integrity and to revisit historical drill data that could further enhance resource estimates.

Strategic Location and Infrastructure

Far Northern Resources’ projects benefit from strategic locations with reasonable access to infrastructure. Bridge Creek lies approximately 125 kilometres south-southeast of Darwin, positioned between Adelaide River and Pine Creek, areas known for mining activity and logistical support. This proximity could facilitate smoother development pathways as the company advances towards production.

Moreover, the company’s diversified portfolio, including the Empire Stockworks project in Queensland, provides a balanced exposure to different geological settings and exploration opportunities. Multiple prospects remain untested, such as the Rocks Reef area, which has identified targets from rock chip sampling but awaits drilling.

Corporate and Market Positioning

Far Northern Resources maintains a strong corporate structure with experienced leadership, including Executive Director and CEO Cameron Woodrow and CFO Matthew Bashford. The company holds a market capitalization of approximately $18.5 million and a cash balance of $2.8 million, positioning it to fund upcoming exploration activities.

While the presentation did not provide new resource estimates beyond confirming historical data, the outlined forward strategy and upcoming drilling programs signal a clear intent to grow the resource base and advance towards production. Investors will be watching closely for Phase 2 drilling results, which could materially impact the company’s valuation and development prospects.