Highlights

  • Flynn Gold shares rose 8.70% on 9 February 2026, following a Tasmania exploration update.
  • Rock chip sampling returned tungsten grades up to 14.75% WO3 at Gorge Creek.
  • Associated metals included silver up to 197 g/t, gold up to 0.64 g/t, and bismuth up to 0.2%.
  • Sampling outlined a tungsten–bismuth anomaly measuring about 400 m by 150 m.
  • Management described the Gorge Creek results as consistent with intrusive-related mineral systems previously identified in north-east Tasmania.

Flynn Gold Limited (ASX:FG1) shares were trading 8.70% higher to AUD 0.025 during the afternoon session on 9 February 2026, extending one-year gains to 25%. Today’s move followed the company’s update on exploration results from the Gorge Creek Tungsten Prospect in north-east Tasmania.

The company reported results from its maiden reconnaissance mapping and sampling program at the Gorge Creek Tungsten Prospect, which forms part of the Warrentinna Project in Tasmania. Rock chip sampling returned tungsten trioxide (WO3) grades of up to 14.75% and 13.43%.

The tungsten mineralisation is exposed at surface within sheeted quartz veins hosting wolframite and scheelite. Sampling also returned elevated levels of associated metals, including silver of up to 197 grams per tonne (g/t), gold up to 0.64 g/t, and bismuth up to 0.2%. This combination of metals is consistent with intrusive-related tungsten mineralisation.

Scale of the Anomaly Comes into View

Soil and rock chip sampling has outlined a broad tungsten–bismuth anomaly extending over approximately 400 metres by 150 metres. Within this area, a higher-grade zone measuring around 250 metres by 60 metres has been identified and remains open along strike.

Flynn Gold stated that there are no records of this anomalous zone having been drill tested previously. Reconnaissance work also identified historical artisanal workings and evidence of small-scale processing activity dating from the late 1960s through to the early 1980s.

How Exploration Was Conducted?

A total of 65 rock chip samples, 92 soil samples, and six stream sediment samples have been collected to date. Soil sampling was completed at nominal 50-metre spacing along ridges and spur lines. Stream sediment samples were used to confirm the suitability of the ultrafine fraction soil sampling method, which returned comparable results to conventional analytical techniques.

Peak soil results included values of up to 1,443 parts per million (ppm) WO3 and 507 ppm bismuth.

Management Perspective and Next Steps

Flynn Gold’s management indicated that the discovery aligns with the company’s broader exploration strategy in north-east Tasmania and supports continued assessment of grassroots opportunities alongside its core projects. The results were described as encouraging in the context of historical inactivity at Gorge Creek.

Planned next steps at the prospect include trenching, channel sampling, additional soil sampling to test extensions of the anomaly, detailed structural mapping, ground geophysical surveys, and geological modelling to define potential drill targets.

Separately, the company confirmed that drilling is set to commence shortly at the Henty Silver-Lead-Zinc Project, while assays are pending from a completed drilling program at the Mangana Gold Project.

FAQs

Why did Flynn Gold shares rise on 9 February 2026?

The shares moved higher after the company released exploration results from the Gorge Creek Tungsten Prospect in north-east Tasmania.

What were the key results from the Gorge Creek Prospect?

Rock chip samples returned tungsten grades of up to 14.75% WO3, along with elevated silver, gold, and bismuth, and outlined a large, coherent anomaly.

What work is planned next at Gorge Creek?

Planned activities include trenching, channel sampling, additional soil sampling, structural mapping, ground geophysical surveys, and geological modelling ahead of potential drill testing.