Far Northern Resources Quarterly Report 31 March 2024

During the March quarter 2024, Far Northern Resources Ltd (ASX: FNR) successfully raised $4.165 million and was accepted to admission to the official list of the Australian Stock Exchange (ASX). Shares in FNR started trading on 12 April 2024. The initial Public Offering (IPO) raised $4,165,000 through the issue of 20,825,000 shares at an issue price of $0.20. The total undiluted shares on issue at the date of listing was 70,961,135 with FNR having a Market Capitalisation of $14,192,227 and an Enterprise Value (EV) of $10,027,227.

• Far Northern Resources successfully raised $4.165M and satisfied the listing conditions to enable the quotation of its shares on ASX
  
• FNR acquired 100% of Premier Mining and Bridge Creek Mining post 31 March
• Director Conducted Site Visit to Bridge Creek in the NT
• Directors conducted Pre-Listing Road Shows Brisbane, Sydney, and Perth
• Rock Chip sampling over copper anomalies at Empire - see announcement 15 April 2024.

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