This placement offers gold‑focused investors an early opportunity to become shareholders in Fin Resources’ 100%-owned Cabin Lake Project in Canada, where drilling has already delivered high‑grade intercepts ahead of any maiden resource.

Two-Tranche Private Placement Offer utilising the company’s existing capacity under Listing Rule 7.1 to raise up to $1.5m with the ability to take up oversubscriptions at $0.004.

Approximately $0.87 million (216,473,416 securities) will be settled in the first tranche, pursuant to the company’s placement capacity, approximately $0.63 million (158,526,584 securities) will be settled in a second tranche, subject to shareholder approval at an EGM to be convened.

Options

The offer comes with a 1 for 1 free attaching listed option with exercise price $0.008 and expiry date 31 December 2028. The listing and issuance of the options is subject to shareholder approval as well as meeting all ASX listing requirements.

Fin Resources Limited (ASX:FIN) is an Australian-listed mineral exploration company focused on advancing the 100%-owned Cabin Lake Gold Project in Canada’s Northwest Territories, supported by a broader portfolio of exploration assets in Australia and North America. Cabin Lake is a shallow, high‑grade, structurally controlled gold system hosted within the Bugow banded iron formation in the Archean Slave Craton, a Tier‑1 mining jurisdiction that has produced more than 14 million ounces of gold and continues to show significant endowment and exploration upside.

The company’s strategy is to unlock near‑surface, high‑grade gold potential at Cabin Lake through systematic modern exploration, building on strong historic and recent drill results at the Arrow, Beaver and Andrew South prospects, while maintaining exposure to additional projects such as Sol Mar (salt), McKenzie Springs (Ni‑Cu‑Co‑graphite) and Mt Tremblant lithium in Canada. The Cabin Lake Project is fully permitted and drill‑ready, with a 1,500m diamond drilling program and follow‑up campaigns designed to extend mineralisation along a 15km BIF corridor and move toward defining a JORC‑compliant resource, supported by strong First Nations engagement and established local partnerships.

The Cabin Lake Project is a structurally controlled, sulphide-associated gold system hosted within the Bugow Iron Formation.

Historical drilling and FIN’s systematic resampling program have confirmed broad, shallow and high-grade gold mineralisation, with significant results including, but not limited to:

Arrow Prospect:

• 31.4m @ 15.2g/t Au from 17.5m — CL-20-08
• 19.85m @ 8.02g/t Au from 24.63m — CL-20-01
• 13.9m @ 13.21g/t Au from 27.9m — 86-28
• 8.02m @ 15.72g/t Au from 22.2m — 86-12

Andrew and Beaver prospects:

• 4.70m @ 6.10g/t Au from 92.2m — Andrew South
• 5.1m @ 3.7g/t Au from 71.3m and 4.8m @ 3.4g/t Au from 89.2m — Andrew
• 4.60m @ 4.43g/t Au from 42.6m — Beaver
• 6.4m @ 3.6g/t Au from 42.6m — Beaver

Historical drilling generally tested the mineralised system to less than approximately 100m depth, leaving the known zones open along strike and at depth and much of the broader 15km BIF corridor untested.

2026 Drilling Confirms Broad, Shallow High-Grade Gold

FIN completed eight diamond holes across the Arrow, Beaver and Andrew South prospects during its 2026 winter campaign. The strongest results were returned from Arrow:

• 26.12m @ 12.0g/t Au from 14.88m
  • including 5.0m @ 59.8g/t Au (CL-26-001)
• 7.84m @ 18.2g/t Au from 12.66m
  • including 4.0m @ 35.0g/t Au (CL-26-002)

Additional drilling confirmed mineralisation at Beaver and Andrew South:

• 6.0m @ 2.75g/t Au from 39m
  • including 3.0m @ 5.17g/t Au (CL-26-004)
• 2.0m @ 4.92g/t Au from 62m and 7.0m @ 1.46g/t Au from 78m (CL-26-007)

The funds raised will be focused towards:

• Follow up drilling at Cabin Lake scheduled to commence in August 2026
• Geophysics, structural mapping and refinement of the geological model
• General Working Capital Costs