Key Highlights

  • Shares traded at A$0.011 during the 5 November 2026 session, down 8.33%.
  • A non-binding ore purchase agreement has been executed with Henty Gold, a Subsidiary of Kaiser Reef.
  • Sighter metallurgical tests returned average gold extraction of 94%.

Shares in Flynn Gold Ltd (ASX:FG1) traded at A$0.011 during the Trading session on 5 November 2026, down 8.33% in the early afternoon. The S&P/ASX 200 was up 1.87%, trading near 9,000 points. Flynn is a gold explorer and developer with projects in Tasmania, including Golden Ridge, Brilliant and Trafalgar. Its latest update is a quarterly activities report covering the quarter ended 30 September 2026.

Quarterly activities report for the September 2026 quarter

Flynn reported that it executed a non-binding ore purchase agreement with Henty Gold Pty Ltd, a subsidiary of Kaiser Reef Limited. The agreement sets up a framework to assess processing of gold-bearing ore or concentrates from Flynn's future operations at the operating Henty Gold Mine. A 3.7 tonne bulk sample from Golden Ridge has been delivered to Henty for processing testwork, with results pending.

Trenching at Brilliant defined near-surface gold mineralisation over more than 110 metres of strike, which remains open to the north-east. Sighter metallurgical tests on 35 samples from the Trafalgar Prospect achieved average gold extraction of 94%. A 21-hole program of about 2,500 metres of in-fill and extensional drilling has also commenced.

Sector context

At midday, the ASX Materials sector was up 6.34%, while Flynn shares moved lower in the session. The Quarterly Report is not linked to the 5 November price move, and the company's release does not explain the session's movement.

What to watch ahead

Investors will follow the Henty processing testwork on the Golden Ridge bulk sample, the results of the 21-hole drilling program, further metallurgical evaluation of Trafalgar and the progress of any definitive agreement with Henty.

Risks

The ore purchase agreement is non-binding, so processing arrangements are not yet confirmed. Metallurgical test results are preliminary and may not translate to full-scale processing. Drilling and trenching results can vary, and the shares are very low-priced and can be volatile.

Final Word

Flynn has advanced its Tasmanian projects through processing testwork and drilling. The share price fell during the session, and the Henty testwork and drilling results will be the next key measures of progress.