Far Northern Resources (ASX:FNR) Rises 14.29%: What Is Next at Bridge Creek?

Sonal Goyal

12 November 2026 11:29 PM AEDT

Far Northern Resources (ASX:FNR) Rises 14.29%: What Is Next at Bridge Creek?

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Key highlights

Far Northern Resources shares closed at 20 cents on 12 November 2026, up 14.29%, while the S&P/ASX 200 eased 0.07%.
The company reported 1 metre at 425.2 grams per tonne gold within a 4-metre intersection of 110.06 grams per tonne from 16 metres.
A 60-metre intersection at 2.00 grams per tonne was drilled through the core of the Bridge Creek Central deposit.

Shares in Far Northern Resources Limited (ASX:FNR) closed at 20 cents on 12 November 2026, up 14.29% on the session. S&P/ASX 200 closed at 9,146.80, down 0.07%. Far Northern is working on the Bridge Creek deposit in the Northern Territory, where the company reports a 93,000-ounce resource within a broader 117,000-ounce base. Its latest update was an announcement dated 10 November 2026 on the first assays from a diamond drilling program.

High-grade intersection

Diamond hole FNRBCDD004 returned 4 metres at 110.06 grams per tonne from 16 metres, including 1 metre at 425.2 grams per tonne. The company said this is the best intersection on a gram-metre basis drilled at Bridge Creek to date, and that the zone sits on the north-western Margin of the current resource where drilling has been limited.

Continuity and follow-up

Hole FNRBCDD006 returned 60 metres at 2.00 grams per tonne from 53 metres, the longest continuous mineralised interval drilled at Bridge Creek, and confirmed continuity between surrounding holes. Follow-up drilling is planned to test the high-grade zone along strike and down-dip, and assays will feed an update to the resource.

Sector context

Gold developers in the Northern Territory compete for drilling Capital and processing options. The broader market was little changed on 12 November.

Risks and limitations

Single-metre high-grade values are not representative of wider grade, and the company says the high-grade zone is still open. A resource update is pending, and Mining and processing plans are not described in the announcement.

What to watch ahead

Investors will watch the follow-up drilling along strike and down-dip, and the updated Bridge Creek resource estimate.

FAQs

Q: What was the closing price of Far Northern Resources on 12 November 2026?

A: Shares closed at 20 cents, up 14.29% on the session.

Q: What was the best intersection?

A: 1 metre at 425.2 g/t gold within a 4-metre intersection at 110.06 g/t from 16 metres.

Q: What resource does the company report?

A: A 93,000-ounce Bridge Creek resource within a 117,000-ounce Northern Territory base, including Ios.

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