# FIN: Annual Report - 30 June 2026 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/fin-annual-report-30-june-2026--ae9fa4f8-27b3-4bd0-98ef-a0c2dd6f03b1 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143603 Publisher: asx Original announcement: 2026-09-24T08:13:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-24T09:07:48.376Z Atlas analysis updated: 2026-09-24T09:07:48.376Z - 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 Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas 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 factor: High-grade gold intercepts reported from maiden drilling program - Positive factor: Significant intercept length of 26.2m at 12.00 g/t Au - Positive factor: New best grade-thickness product \(314.4 g/t Au \* m\) achieved - Positive factor: Confirmation of broad, shallow, sulphide-hosted high-grade gold mineralisation - Positive factor: Identification of ten new priority exploration targets through geophysical surveys - Positive factor: Achievement of Stage 1 acquisition milestone \(drill intercept of ≥20 metres at >2 g/t Au\) - Positive factor: Mineralisation extended beyond isolated high-grade intercepts at Beaver and Andrew South - Negative factor: No QA/QC disclosure for drill results - Negative factor: Apparent width only reported for intercepts, with no true width stated - Negative factor: 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 Intercept** Polarity: positive Definition: 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 Intercept** Polarity: positive Definition: 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 Extension** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Disclosure** Polarity: negative Definition: 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-release** Polarity: negative Definition: 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-26-001 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-annual-report-30-june-2026--ae9fa4f8-27b3-4bd0-98ef-a0c2dd6f03b1#fact-drill-facts-0) Cabin Lake · gold Historical result Needs review: historical\_restatement #### 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 factor: Exceptional grade-thickness product \(314.4 g/t Au \* m\) for gold - Positive factor: Strong gold grade \(12.00 g/t Au\) for an orogenic deposit - Positive factor: Significant intercept length \(26.2m\) - Positive factor: Shallow depth \(from 14.9m\) indicating potential for open-pit mining - Negative factor: No QA/QC disclosure for drill results - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CL-26-002 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-annual-report-30-june-2026--ae9fa4f8-27b3-4bd0-98ef-a0c2dd6f03b1#fact-drill-facts-1) Cabin Lake · gold Historical result Needs review: historical\_restatement #### 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 factor: Exceptional gold grade \(18.20 g/t Au\) for an orogenic deposit - Positive factor: Strong grade-thickness product \(141.96 g/t Au \* m\) - Positive factor: Shallow depth \(from 12.7m\) indicating potential for open-pit mining - Negative factor: No QA/QC disclosure for drill results - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CL-26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-annual-report-30-june-2026--ae9fa4f8-27b3-4bd0-98ef-a0c2dd6f03b1#fact-drill-facts-2) Cabin Lake · gold Historical result Needs review: historical\_restatement #### 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 factor: Moderate gold grade \(2.75 g/t Au\) for an orogenic deposit - Positive factor: Confirms continuation of sulphide-hosted hydrothermal system - Negative factor: No QA/QC disclosure for drill results - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CL-26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-annual-report-30-june-2026--ae9fa4f8-27b3-4bd0-98ef-a0c2dd6f03b1#fact-drill-facts-3) Cabin Lake · gold Historical result Needs review: historical\_restatement #### 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 factor: Strong gold grade \(5.17 g/t Au\) within a broader mineralized zone - Positive factor: Confirms continuation of sulphide-hosted hydrothermal system - Negative factor: No QA/QC disclosure for drill results - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CL-26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-annual-report-30-june-2026--ae9fa4f8-27b3-4bd0-98ef-a0c2dd6f03b1#fact-drill-facts-4) Cabin Lake · gold Historical result Needs review: historical\_restatement #### 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 factor: Confirms continuation of sulphide-hosted hydrothermal system - Negative factor: Weak gold grade \(1.67 g/t Au\) for an orogenic deposit - Negative factor: No QA/QC disclosure for drill results - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CL-26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-annual-report-30-june-2026--ae9fa4f8-27b3-4bd0-98ef-a0c2dd6f03b1#fact-drill-facts-5) Cabin Lake · gold Historical result Needs review: historical\_restatement #### 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 factor: Moderate gold grade \(4.92 g/t Au\) for an orogenic deposit - Positive factor: Validates continuation of mineralised BIF horizons - Negative factor: No QA/QC disclosure for drill results - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CL-26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-annual-report-30-june-2026--ae9fa4f8-27b3-4bd0-98ef-a0c2dd6f03b1#fact-drill-facts-6) Cabin Lake · gold Historical result Needs review: historical\_restatement #### 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 factor: Validates continuation of mineralised BIF horizons - Negative factor: Weak gold grade \(1.46 g/t Au\) for an orogenic deposit - Negative factor: No QA/QC disclosure for drill results - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CL-26-008 [Link to this fact](https://atlas-staging.minestarters.com/news/fin-annual-report-30-june-2026--ae9fa4f8-27b3-4bd0-98ef-a0c2dd6f03b1#fact-drill-facts-7) Cabin Lake · gold Historical result Needs review: historical\_restatement #### 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 factor: Validates continuation of mineralised BIF horizons - Negative factor: Weak gold grade \(0.87 g/t Au\) for an orogenic deposit - Negative factor: No QA/QC disclosure for drill results - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: 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.