Flynn Gold Tungsten Discovery Returns Exceptional 14.75% WO3 in Tasmania

Flynn Gold Limited (ASX: FG1) has delivered exceptional tungsten assay results from its maiden exploration program at the Gorge Creek Tungsten Prospect in northeast Tasmania. The Flynn Gold tungsten discovery represents a significant breakthrough for the company, with surface rock chip samples returning 14.75% WO3 (tungsten trioxide) and 13.43% WO3 – grades that place this among Tasmania's most promising tungsten prospects.

The high-grade tungsten mineralisation is accompanied by elevated precious metals, with rock chip samples returning up to 197g/t silver, 0.64g/t gold, and 0.2% bismuth. This geochemical signature is characteristic of intrusive-related tungsten systems, validating Flynn's exploration strategy in northeast Tasmania.

Surface Discovery Reveals Extensive Mineralised System

Flynn's reconnaissance mapping and sampling program has confirmed a substantial tungsten-bismuth anomaly extending over approximately 400m by 150m, with a high-grade core zone measuring 250m by 60m. Significantly, this mineralised zone remains open along strike and has never been drill-tested, presenting immediate exploration upside.

The tungsten mineralisation occurs within sheeted quartz veins containing wolframite and scheelite – the primary tungsten minerals – along with minor sulphides hosting gold, silver and bismuth. These veins range from 20mm to 200mm in width and are exposed at surface, making them readily accessible for further exploration.

Outstanding Rock Chip Results

Managing Director Commentary

"The Flynn Gold tungsten discovery of high-grade tungsten-gold-silver-bismuth mineralisation at Gorge Creek is consistent with intrusive-related gold system deposits and strongly validates Flynn's northeast Tasmania exploration strategy. Last worked on a small scale in the 1980's, the Gorge Creek tungsten prospect has lain dormant for almost half a century, only to re-emerge at a time when global demand in critical minerals such as tungsten is very high." – Neil Marston, Managing Director

Understanding Tungsten: A Critical Metal for Modern Industry

What is Tungsten?

Tungsten is a rare metallic element prised for having the highest melting point of any pure metal (3,422°C). It's essential for manufacturing cutting tools, military applications, electronics, and emerging clean energy technologies. The metal is typically measured as tungsten trioxide (WO3), which represents the oxide form used in industrial processes.

Why Tungsten Matters to Investors

Several factors make tungsten a compelling investment proposition:

• Supply concentration: Over 80% of global tungsten production comes from China, creating supply chain vulnerabilities
• Strategic importance: Classified as a critical mineral by multiple governments including Australia, the US and EU
• Price performance: Tungsten prices have reached record highs amid supply constraints and geopolitical tensions
• Industrial demand: Essential for tool steel, aerospace components, and renewable energy infrastructure

Flynn's discovery occurs at an opportune time, with tungsten prices at historic highs due to supply chain disruptions and increasing demand from clean energy sectors.

Geological Setting Points to Larger System

The Gorge Creek prospect lies within the highly prospective northeast Tasmanian tungsten belt, which hosts several historically significant deposits including Storeys Creek (1.1Mt @ 1.09% WO3) and Aberfoyle (2.1Mt @ 0.91% Sn and 0.28% WO3). The geological setting features folded Ordovician-Silurian sediments adjacent to mid-Devonian granite intrusions – the classic environment for intrusive-related tungsten systems.

Flynn's geological interpretation suggests the highest-grade mineralisation is controlled by a prospect-scale fold hinge zone, which typically represents a favourable structural trap for hydrothermal fluids. Soil sampling has confirmed this geological model, with peak results of 1,443 ppm tungsten and 507 ppm bismuth defining a coherent northeast-trending anomaly.

Historical Context Adds Confidence

Reconnaissance work has identified historical artisanal workings and evidence of small-scale processing facilities operated from the late 1960s to early 1980s. While limited production records exist, the presence of historical workings validates the mineralisation's economic potential and provides guidance for modern exploration targeting.

Strategic Next Steps: From Surface to Drilling

Flynn has outlined a systematic exploration program to advance Gorge Creek toward drill-readiness. The company's methodical approach reflects industry best practice for advancing early-stage tungsten prospects.

Immediate Priorities

• Trenching and channel sampling to improve exposure of mineralised structures
• Extended soil sampling to test for northeast and southwest extensions
• Detailed structural mapping to confirm orientation and controls
• Ground geophysical surveys including high-resolution gravity and magnetic surveys
• Geological modelling to support drill target identification

This systematic approach positions Flynn to potentially define a maiden resource estimate following successful drilling.

Company Updates Across the Portfolio

Henty Silver-Lead-Zinc Project

Flynn has mobilised a drill rig to commence a 1,000m drilling program at the historical Silver King and South King mines near Zeehan in western Tasmania. The program targets high-grade silver-lead mineralisation beneath historical workings, adding to Flynn's diversified Tasmanian metals portfolio.

Mangana Gold Project

The company has completed an extended drilling campaign comprising four holes for 691m at the Golden Entrance Mine, with assays pending. Originally planned as a two-hole EDGI co-funded program, the expansion demonstrates Flynn's commitment to thoroughly testing high-priority targets.

Investment Thesis: Critical Metals at a Critical Time

The Flynn Gold tungsten discovery comes at an inflection point for tungsten markets. Global supply chain disruptions, Chinese export restrictions, and accelerating demand from clean energy sectors have created a compelling supply-demand imbalance.

Unique Value Proposition

Several factors distinguish Flynn's investment opportunity:

• World-class grades: Surface results rival the best tungsten deposits globally
• Untested target: No historical drilling provides significant exploration potential
• Strategic timing: Discovery coincides with record tungsten prices
• Proven geology: Located within Tasmania's established tungsten province
• Diversified portfolio: Exposure to gold, silver, and base metals across multiple projects

The company's $3.45 million cash position (as of 31 December 2025) provides adequate funding for the planned exploration programs without immediate dilution concerns. With 608.6 million shares outstanding and a current market capitalisation of approximately $14.0 million, Flynn trades at a significant discount to peers with similar-grade tungsten discoveries.

Why Investors Should Follow Flynn Gold

Flynn Gold has positioned itself as a serious player in Tasmania's critical minerals sector through systematic exploration and strategic asset accumulation. Furthermore, the Flynn Gold tungsten discovery validates the company's technical approach and demonstrates the prospectivity of its northeast Tasmanian tenement package.

Several factors make Flynn a compelling investment consideration. Near-term catalysts include drilling results from Mangana, commencement of drilling at Henty, and advancement of Gorge Creek toward maiden drilling. The company's diversified metals exposure across gold, tungsten, silver, and base metals provides multiple pathways to value creation.

Management's track record in Tasmanian exploration, combined with a systematic approach to target generation, suggests continued discovery potential across the portfolio. The Firetower Project, where Flynn is working toward a maiden resource estimate, adds further value to the investment proposition.

Key Takeaway

Flynn Gold has emerged as a significant player in Tasmania's critical minerals sector, with the Gorge Creek tungsten discovery representing world-class grades in an underexplored district. With tungsten at record prices and limited global supply, Flynn offers investors exposure to a strategic metal at an optimal market entry point.

Market Snapshot:

• Share Price: $0.023
• Market Cap: $14.0 million
• Cash Position: $3.45 million (debt-free)
• Shares Outstanding: 608.6 million

For investors seeking exposure to critical minerals and Tasmanian exploration success stories, Flynn Gold presents a compelling opportunity at current valuations. The combination of world-class tungsten grades, a systematic exploration approach, and exposure to multiple commodity sectors positions the company for potential significant value creation as exploration programs advance.

Could Flynn Gold Be Your Next Critical Metals Investment?

With tungsten prices at record highs and Flynn Gold delivering exceptional grades from surface sampling at Gorge Creek, the opportunity to explore this critical metals discovery alongside the company's diversified Tasmanian portfolio presents compelling value at current market levels. To access detailed company reports, exploration updates, and investor presentations that could help inform your investment decisions, visit Flynn Gold's investor hub and discover why this ASX-listed explorer is positioning itself as a key player in Tasmania's strategic minerals sector.