FIN Resources Advances Cabin Lake Gold Project Discovery Potential

FIN Resources: Immediate Value Creation at Cabin Lake Gold Project

FIN Resources Limited (ASX:FIN) has delivered a compelling technical update from its recent site visit to the Cabin Lake Gold Project by FIN Resources, revealing untapped potential that could materially enhance the project's value ahead of the planned 2026 drilling program. The company's systematic approach to re-evaluating historical drill core has identified 15.75 metres of unsampled, visually mineralised intervals sitting between four known high-grade zones, presenting an opportunity to potentially convert separate mineralised zones into a single, broader ore body.

With sampling and analysis now underway on previously overlooked mineralised core, FIN has positioned itself to access immediate catalysts without the time and expense of new drilling. Furthermore, the company's technical team, led by Discovery Geologist Dr Solomon Buckman and Lead Geologist Gary Powell, has confirmed multiple 2022 drillholes containing sulfidised BIF and veining that were never sampled despite their visual similarity to known high-grade zones.

Immediate Value Opportunities Drive Near-Term Catalysts

The recent site visit has revealed significant untested mineralisation potential across multiple drillholes from the 2022 program. Most notably, drillhole CL-21-21 contains 15.75 metres of continuous sulfidised intervals located between and immediately adjoining four assayed mineralised zones that returned impressive grades:

• 0.73m @ 5.20g/t Au (71.3-72.03m)
• 1.49m @ 7.02g/t Au (75.31-76.80m)
• 2.46m @ 2.42g/t Au (88.80-91.26m)
• 2.27m @ 4.41g/t Au (91.73-94.00m)

These zones include individual high-grade intercepts up to 17.6 g/t Au. However, the 15.75-metre interval connecting them was never sampled. This presents an exceptional opportunity to potentially convert four separate mineralised zones into a single, much thicker continuous ore zone.

Priority Sampling Program Underway

FIN has initiated a structured sampling program targeting the most prospective unassayed intervals. Consequently, the company can accelerate value creation through existing resources.

Stage 1 Assays:

• Priority testing of CL-22-41 and CL-22-45, both containing sulfide-rich Bugow Iron Formation and quartz veining consistent with known gold-bearing zones
• Due diligence quarter-core sampling of historical high-grade intercepts, including:
  • 31.9m @ 13.66g/t Au from 18m (435.5 g.m Au) – CL-20-01, Arrow Zone
  • 22.0m @ 7.94g/t Au from 24.6m (174.7 g.m Au) – CL-20-01, Arrow Zone

Stage 2: Contingent sampling of remaining untested intervals based on Stage 1 results.

Understanding Bugow Iron Formation: The Geological Foundation

The Bugow Iron Formation (BIF) represents the critical geological host for gold mineralisation at the Cabin Lake Gold Project by FIN Resources. This Archean-aged sedimentary rock formation consists of alternating layers of iron-rich minerals and silica. In addition, it creates ideal conditions for gold deposition when combined with structural controls and sulfide mineralisation.

Key Geological Characteristics:

• Proven host rock: The same Bugow Iron Formation hosts the 3.3 million ounce Lupin Gold Mine located 365km northeast of Cabin Lake
• Predictable mineralisation: Gold occurs in sulfide-rich lenses (pyrite + pyrrhotite ± arsenopyrite) within the BIF
• Structural control: Mineralisation is structurally controlled, meaning geological understanding can effectively guide drilling programs

The presence of sulfidised BIF with quartz veining in the unsampled intervals provides geological confidence. For instance, these zones may host significant gold mineralisation similar to the already-defined high-grade zones.

What This Means for Investors

Iron formations are among the most reliable geological environments for hosting gold mineralisation in Archean terranes. The Slave Craton, which hosts Cabin Lake, has produced over 14 million ounces of gold historically.

Furthermore, when sulfide minerals are present within these iron formations, they often indicate hydrothermal fluid flow. This process can concentrate gold into economic grades.

Strategic Technical Advancement Ahead of 2026 Drilling

3D Geophysics Reprocessing to Sharpen Targets

FIN has initiated comprehensive reprocessing of magnetic and induced polarisation datasets to create a new 3D inversion model. This advanced approach will map:

• Pyrrhotite-rich sulfidised BIF units associated with gold mineralisation
• Depth and thickness variations of mineralised zones
• Structural controls along the BIF sequence

The enhanced geophysical interpretation will directly guide drillhole locations for the March-April 2026 drilling program. Consequently, this will maximise the efficiency of the upcoming campaign.

Community and Operational Readiness

The company has secured clear support from Tłı̨chǫ Government representatives for renewed exploration activities. Moreover, confirmation has been received to progress toward community meetings aligned with 2026 operations.

Local contractors and logistics groups have signalled strong availability for the 2026 field season. This ensures operational readiness for the Cabin Lake Gold Project by FIN Resources.

2026 Drilling Program: Clear Pathway to Discovery

FIN remains fully focused on launching its planned March-April 2026 drilling program. However, key workstreams now advance across multiple fronts:

The systematic approach ensures that when drilling commences, targets will be refined through multiple data sources. For instance, these include the new sampling results, advanced geophysical interpretation, and comprehensive geological understanding.

Investment Thesis: Multiple Near-Term Catalysts Support Long-Term Value

FIN Resources has strategically positioned itself to deliver multiple near-term catalysts while building toward a major drilling program in 2026. The identification of 15.75 metres of unsampled mineralised core between known high-grade zones represents immediate upside potential.

Furthermore, this opportunity can be accessed without the extended timeline and costs of new drilling.

Director Commentary
"The latest work at Cabin Lake has reinforced the Project's potential to deliver meaningful discovery outcomes ahead of the 2026 drill program. The identification of unassayed mineralised zones, including 15.75 metres of unsampled mineralised core sitting between four assayed mineralised zones containing high grade hits, presents a compelling near term value opportunity for FIN," said Jason Bontempo, Director.

Key Investment Differentiators:

Catalyst Timeline: Value Creation Pathway Through 2026

The company's catalyst-rich period heading into 2026 is underpinned by immediate sampling results, advanced technical targeting, and a clear pathway to drilling. With the technical groundwork advancing rapidly and multiple value-creation opportunities in progress, FIN offers investors exposure to both near-term discovery potential and longer-term resource development.

Near-Term Catalysts:

• Stage 1 assay results from priority unsampled holes CL-22-41 and CL-22-45
• Due diligence sampling results from historical high-grade intercepts
• 3D geophysical interpretation to refine drill targeting
• Community engagement outcomes supporting 2026 operations

Medium-Term Value Drivers:

• March-April 2026 drilling program testing refined geological targets
• Potential resource estimate following successful drilling
• Exploration expansion across 15km of mapped BIF strike length

Why Investors Should Monitor FIN Resources

FIN Resources has demonstrated strategic thinking by identifying and acting on immediate value opportunities within existing drill core. In addition, the company simultaneously advances toward a comprehensive drilling program.

The company's systematic approach to re-evaluating historical data has revealed untapped potential. However, this could materially enhance project value without significant additional investment.

With sampling and analysis in progress, critical datasets under reprocessing, and strong First Nations and local support secured, FIN appears well-positioned for multiple catalysts. Furthermore, the company heads into 2026 with the Cabin Lake Gold Project by FIN Resources positioned for potential breakthrough discoveries.

The combination of untested mineralised intervals, proven geological setting, and systematic technical advancement creates a compelling exploration opportunity. The ability to access immediate value through core re-sampling while preparing for expanded drilling represents an efficient approach to value creation in the current exploration environment.

Key Investment Considerations

• Immediate catalyst potential through unsampled mineralised core
• Proven geological environment with multi-million ounce precedent
• Systematic technical approach maximising drilling efficiency
• Clear operational pathway with community and regulatory support
• Experienced technical team with relevant geological expertise

Consequently, the Cabin Lake Gold Project by FIN Resources represents a unique opportunity for investors seeking exposure to immediate value catalysts combined with longer-term exploration upside in a proven geological setting.

Could FIN Resources Be Your Next Gold Discovery Play?

With immediate catalysts from unsampled mineralised core sitting between known high-grade zones, plus a systematic pathway to the March-April 2026 drilling programme, FIN Resources presents a unique opportunity to gain exposure to both near-term value creation and longer-term exploration upside. The combination of 15.75 metres of untested mineralisation, proven geological setting, and experienced technical leadership positions the Cabin Lake Gold Project for potential breakthrough discoveries. To explore FIN Resources' complete investment proposition and stay updated on critical assay results and drilling developments, visit finresources.com.au and discover why this systematic approach to gold exploration could deliver significant value for investors.