FIN: Annual Report - 30 June 2026
Original announcement by asx on
- Company
- Fin Resources Limited
- Ticker
- FIN
- Exchange
- ASX
- Region
- Northwest Territories, Canada
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Other
- Extracted
- 2026-09-24 09:07:49 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Fin Resources Limited's Annual Report for 30 June 2026 details a successful maiden diamond drilling program at the Cabin Lake Gold Project in the Northwest Territories, Canada. The program returned high-grade gold mineralization, including 26.2m at 12.00 g/t Au and 7.8m at 18.20 g/t Au, confirming broad, shallow mineralization and identifying ten new exploration targets. The company also achieved a key acquisition milestone for the project, though the auditor's report notes material uncertainty regarding going concern.
Reasoning: Fin Resources Limited's annual report highlights a highly successful maiden drilling program at the Cabin Lake Gold Project, yielding strong high-grade gold intercepts, including a new best grade-thickness product, and identifying new exploration targets. This is a significant positive for an exploration-stage project, demonstrating potential for a continuous mineralised system. However, the lack of explicit QA/QC disclosure for the drill results and the company's stated going concern uncertainty are notable concerns.
Positive factors
- High-grade gold intercepts reported from maiden drilling program
- Significant intercept length of 26.2m at 12.00 g/t Au
- New best grade-thickness product (314.4 g/t Au * m) achieved
- Confirmation of broad, shallow, sulphide-hosted high-grade gold mineralisation
- Identification of ten new priority exploration targets through geophysical surveys
- Achievement of Stage 1 acquisition milestone (drill intercept of ≥20 metres at >2 g/t Au)
- Mineralisation extended beyond isolated high-grade intercepts at Beaver and Andrew South
Negative factors
- No QA/QC disclosure for drill results
- Apparent width only reported for intercepts, with no true width stated
- Material uncertainty related to going concern as noted in the auditor's report
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 8
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Drillhole CL-26-001 intersected 26.2m at 12.00 g/t Au, resulting in an exceptional grade-thickness product of 314.4 g/t Au * m, which exceeds the 300 g/t*m exceptional threshold for gold.
Evidence · text
“Drillhole CL-26-001 intersected 26.2m at 12.00 g/t Au from 14.9m”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Drillhole CL-26-002 returned 7.8m at 18.20 g/t Au, which is an exceptional gold grade (>=15 g/t) for an orogenic deposit and a strong grade-thickness product (141.96 g/t Au * m).
Evidence · text
“CL-26-002 returned 7.8m at 18.20 g/t Au from 12.7m”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The drilling program demonstrated that mineralisation at Beaver and Andrew South extends beyond isolated high-grade intercepts, supporting the interpretation of a laterally continuous, structurally controlled mineralised system across the ~15 km Cabin Lake corridor.
Evidence · text
“demonstrated that mineralisation at Beaver and Andrew South extends beyond isolated high-grade intercepts, supporting the interpretation of a laterally continuous, structurally controlled mineralised system across the ~15 km Cabin Lake corridor.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The reported drill intercepts are given as downhole lengths (e.g., '26.2m at 12.00 g/t Au') without any mention of true width or drill orientation.
Evidence · text
“Drillhole CL-26-001 intersected 26.2m at 12.00 g/t Au from 14.9m”
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: The release does not disclose specific QA/QC procedures, certified laboratories, or Competent/Qualified Person sign-off for the drill results.
Evidence · text
“FIN commenced its maiden diamond drilling program at Cabin Lake in March 2026, with Aurora Geosciences appointed to project manage the program.”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The drill results from the 'winter campaign' (March 2026) are being summarized in an annual report published in September 2026, indicating they were likely announced in a prior release.
Evidence · text
“FIN commenced its maiden diamond drilling program at Cabin Lake in March 2026”
Extracted facts
Stored fact records: 8. Some facts used in scoring do not have a stored record.
Drill Results (8)
CL-26-001Cabin Lake · goldGrade: 12Grade Unit: g/tIntercept: 26.2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CL-26-001
- Project
- Cabin Lake
- Commodity
- gold
- Region
- canada
- Reported Region
- canada
- Ticker
- FIN
Geometry
- Grade
- 12
- Grade Unit
- g/t
- Intercept
- 26.2 m
- From
- 14.9 m
- To
- 41.1 m
- Intercept Depth
- 14.9 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- CL-26-001:14.9-41.1
- Mining Method
- open_pit
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This intercept represents an exceptional grade-thickness product and a strong gold grade over a significant width at a shallow depth, indicating strong potential for open-pit development in an orogenic deposit. It also exceeds the company's prior best GT product. However, the lack of QA/QC disclosure and true width information are minor concerns.
Positive factors
- Exceptional grade-thickness product (314.4 g/t Au * m) for gold
- Strong gold grade (12.00 g/t Au) for an orogenic deposit
- Significant intercept length (26.2m)
- Shallow depth (from 14.9m) indicating potential for open-pit mining
Negative factors
- No QA/QC disclosure for drill results
- Apparent width only reported, true width not stated
Evidence · text
“Drillhole CL-26-001 intersected 26.2m at 12.00 g/t Au from 14.9m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CL-26-002Cabin Lake · goldGrade: 18.2Grade Unit: g/tIntercept: 7.8 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CL-26-002
- Project
- Cabin Lake
- Commodity
- gold
- Region
- canada
- Reported Region
- canada
- Ticker
- FIN
Geometry
- Grade
- 18.2
- Grade Unit
- g/t
- Intercept
- 7.8 m
- From
- 12.7 m
- To
- 20.5 m
- Intercept Depth
- 12.7 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- CL-26-002:12.7-20.5
- Mining Method
- open_pit
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This intercept shows an exceptional gold grade over a good width at a very shallow depth, which is highly positive for an exploration project with open-pit potential. The grade is above the project's prior average. However, the lack of QA/QC disclosure and true width information are minor concerns.
Positive factors
- Exceptional gold grade (18.20 g/t Au) for an orogenic deposit
- Strong grade-thickness product (141.96 g/t Au * m)
- Shallow depth (from 12.7m) indicating potential for open-pit mining
Negative factors
- No QA/QC disclosure for drill results
- Apparent width only reported, true width not stated
Evidence · text
“CL-26-002 returned 7.8m at 18.20 g/t Au from 12.7m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CL-26-004Cabin Lake · goldGrade: 2.75Grade Unit: g/tIntercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CL-26-004
- Project
- Cabin Lake
- Commodity
- gold
- Region
- canada
- Reported Region
- canada
- Ticker
- FIN
Geometry
- Grade
- 2.75
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 39 m
- To
- 45 m
- Intercept Depth
- 39 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- CL-26-004:39-45
- Mining Method
- unknown
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This intercept provides moderate gold grades and confirms the continuation of the mineralized system, contributing to the overall understanding of the deposit. However, the lack of QA/QC disclosure and true width information are minor concerns.
Positive factors
- Moderate gold grade (2.75 g/t Au) for an orogenic deposit
- Confirms continuation of sulphide-hosted hydrothermal system
Negative factors
- No QA/QC disclosure for drill results
- Apparent width only reported, true width not stated
Evidence · text
“6.0m at 2.75 g/t Au from 39m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CL-26-004Cabin Lake · goldGrade: 5.17Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CL-26-004
- Project
- Cabin Lake
- Commodity
- gold
- Region
- canada
- Reported Region
- canada
- Ticker
- FIN
Geometry
- Grade
- 5.17
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 42 m
- To
- 45 m
- Intercept Depth
- 39 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- CL-26-004:42-45
- Mining Method
- unknown
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This higher-grade sub-interval within CL-26-004 is a strong result for an orogenic deposit, further confirming the presence of significant mineralization. However, the lack of QA/QC disclosure and true width information are minor concerns.
Positive factors
- Strong gold grade (5.17 g/t Au) within a broader mineralized zone
- Confirms continuation of sulphide-hosted hydrothermal system
Negative factors
- No QA/QC disclosure for drill results
- Apparent width only reported, true width not stated
Evidence · text
“including 3.0m at 5.17 g/t Au from 42m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CL-26-005Cabin Lake · goldGrade: 1.67Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CL-26-005
- Project
- Cabin Lake
- Commodity
- gold
- Region
- canada
- Reported Region
- canada
- Ticker
- FIN
Geometry
- Grade
- 1.67
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 57 m
- To
- 60 m
- Intercept Depth
- 57 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- CL-26-005:57-60
- Mining Method
- unknown
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This intercept provides a weak gold grade but contributes to confirming the continuation of the mineralized system at Beaver Prospect. However, the grade is below the moderate threshold for orogenic gold, and the lack of QA/QC disclosure and true width information are minor concerns.
Positive factors
- Confirms continuation of sulphide-hosted hydrothermal system
Negative factors
- Weak gold grade (1.67 g/t Au) for an orogenic deposit
- No QA/QC disclosure for drill results
- Apparent width only reported, true width not stated
Evidence · text
“3.0m at 1.67 g/t Au from 57m in CL-26-005”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CL-26-007Cabin Lake · goldGrade: 4.92Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CL-26-007
- Project
- Cabin Lake
- Commodity
- gold
- Region
- canada
- Reported Region
- canada
- Ticker
- FIN
Geometry
- Grade
- 4.92
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 62 m
- To
- 64 m
- Intercept Depth
- 62 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- CL-26-007:62-64
- Mining Method
- unknown
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This intercept provides a moderate gold grade and validates the continuation of mineralized BIF horizons at Andrew South. However, the lack of QA/QC disclosure and true width information are minor concerns.
Positive factors
- Moderate gold grade (4.92 g/t Au) for an orogenic deposit
- Validates continuation of mineralised BIF horizons
Negative factors
- No QA/QC disclosure for drill results
- Apparent width only reported, true width not stated
Evidence · text
“CL-26-007 returning 2.0m at 4.92 g/t Au from 62m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CL-26-007Cabin Lake · goldGrade: 1.46Grade Unit: g/tIntercept: 7 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CL-26-007
- Project
- Cabin Lake
- Commodity
- gold
- Region
- canada
- Reported Region
- canada
- Ticker
- FIN
Geometry
- Grade
- 1.46
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 78 m
- To
- 85 m
- Intercept Depth
- 62 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- CL-26-007:78-85
- Mining Method
- unknown
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This intercept provides a weak gold grade but contributes to validating the continuation of mineralized BIF horizons at Andrew South. However, the grade is below the moderate threshold for orogenic gold, and the lack of QA/QC disclosure and true width information are minor concerns.
Positive factors
- Validates continuation of mineralised BIF horizons
Negative factors
- Weak gold grade (1.46 g/t Au) for an orogenic deposit
- No QA/QC disclosure for drill results
- Apparent width only reported, true width not stated
Evidence · text
“and 7.0m at 1.46 g/t Au from 78m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CL-26-008Cabin Lake · goldGrade: 0.87Grade Unit: g/tIntercept: 5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CL-26-008
- Project
- Cabin Lake
- Commodity
- gold
- Region
- canada
- Reported Region
- canada
- Ticker
- FIN
Geometry
- Grade
- 0.87
- Grade Unit
- g/t
- Intercept
- 5 m
- From
- 88 m
- To
- 93 m
- Intercept Depth
- 88 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- CL-26-008:88-93
- Mining Method
- unknown
QA/QC
- QP Signed
- No
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This intercept provides a weak gold grade, falling below the moderate threshold for orogenic gold, but still contributes to validating the continuation of mineralized BIF horizons at Andrew South. The lack of QA/QC disclosure and true width information are minor concerns.
Positive factors
- Validates continuation of mineralised BIF horizons
Negative factors
- Weak gold grade (0.87 g/t Au) for an orogenic deposit
- No QA/QC disclosure for drill results
- Apparent width only reported, true width not stated
Evidence · text
“CL-26-008 returning 5.0m at 0.87 g/t Au from 88m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.