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Flynn Gold Limited (ASX:FG1)

ALERT: Price-sensitive ASX Announcement for FG1
Current share price for FG1 : $0.020 -0.005 (-20%)+
Announcement
Release
25 Feb 2026 8:48AM
Price at Release
$0.025
Full Release
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Summary
Flynn Gold Limited announced the sale of its Forrestania and Lake Johnston Projects in Western Australia to Forrestania Resources Limited for $350,000 in shares. This strategic divestment will enable Flynn Gold to concentrate its resources on its primary projects in Tasmania, focusing on gold, silver, and critical minerals. The move is part of Flynn's broader strategy to divest non-core assets in Western Australia, with the completion of the sale expected by 31 March 2026, pending regulatory approvals and due diligence.
Key Points
  • Flynn Gold Limited has reached an agreement to sell its Forrestania and Lake Johnston Projects in Western Australia.
  • The sale is to Forrestania Resources Limited for $350,000 in shares.
  • This divestment allows Flynn Gold to focus on its Tasmanian gold, silver, and critical mineral projects.
  • The transaction is part of Flynn's strategy to divest non-core Western Australian assets.
  • Completion of the sale is expected by 31 March 2026, subject to due diligence and regulatory approvals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.