In north east Tasmania the portfolio comprises seven exploration licences prospective for gold, and tin. In the Pilbara, the Company has rights to a package of six projects (one granted, five in application). In addition to these two focus areas, the Company also holds two licences on the west coast of Tasmania that are prospective for zinc-silver, and gold licence applications in the Yilgarn region of WA.
The Company has a focus on exploration in north east Tasmania due to the recognised similarities between this region and the geology and gold mineralisation styles observed in the Victorian Goldfields on the mainland of Australia. The team at Flynn Gold has identified Victorian-style mineralisation in north east Tasmania. The exploration strategy for the north east Tasmanian projects is to focus on discovering new gold mineralisation through the use of structural interpretation, geological mapping, geochemistry, costeaning and drilling. Target selection and testing will utilise a model-driven approach, based on the ore genesis models.
In western Tasmania the main focus of exploration is for high grade, lode and/or vein hosted sulphide base metals deposits. A subsidiary target is for medium to large tonnage Irish-style carbonate-hosted Zn-Pb-Ag deposits hosted within the Ordovician Gordon Limestone such as along the Austral trend.
The early stage exploration in Western Australia is primarily targeting intrusive and/or shear hosted gold deposits in the Pilbara region. In the Yilgarn region the Company plans to commence a detailed tenement wide desktop analysis upon successful granting of applications with ground exploratory work to follow. Activities in WA beyond the granted tenement in the Pilbara will be dependent on whether, and if so when, applications are granted.
It is anticipated that FG1 will list on the ASX during May 2020.