Fin Resources : Quarterly Activities Report & Appendix 5B

SEPTEMBER 2020 QUARTERLY REPORT

The Board of Fin Resources Limited (ASX: FIN) (Fin or the Company) is pleased to provide its Quarterly Activities Report for the period ending 30 September 2020, along with the Appendix 5B for the same period.

McKenzie Springs Project

The Company commenced its diamond drilling program at the McKenzie Springs Project, prospective for Nickel, Copper and Platinum Group Element (PGE) mineralisation. The program included three diamond drill holes (for a total of 850m) designed to intersect modelled strong high priority conductors defined from Fixed Loop Electromagnetic (FLEM) geophysical surveys.

On 26 October 2020, the Company announced preliminary results from completed diamond drillholes, namely FNDD001-003, completed for a total of 947.9m (see Table 1).

Encouraging results were received, with FNDD002 intersecting semi-massive to foliation disseminated sulphide mineralisation (pyrrhotite-chalcopyrite-pentlandite sulphides), brecciated quartz veining within sheared anorthosite and amphibolite from 277.25m. This intersection in FNDD002 corresponds to the electromagnetic (EM) conductor identified at this location.

Source of conductive anomaly targeted by FNDD001 yet to be identified. A two-metre interval (from 75.9m) in FNDD003 which intercepted a foliated sedimentary granulite with 25% visual disseminated sulphides is considered to be the source of the conductive anomaly which was targeted by this drill hole.

DHEM contractors are due to arrive on site next week with surveys planned for all drillholes. Results from the DHEM survey will assist in optimising further drill hole locations. The diamond core is currently enroute to Perth. Sampling of the drill core for assay has not been undertaken at this stage and will be completed following further geological, structural and petrological logging.

Table 1: McKenzie Springs Project Drillhole Details

Hole ID	East	North	R(m)L	Depth	Azimuth	Dip
	(m)	(m)		(m)	(°)	(°)
FNDD001	383490	8066500	333	493.1	340	-60
FNDD002	383145	8066288	338	324.8	327.5	-54
FNDD003	384310	8066805	322	130.0	300	-60

Refer to the Company's announcement Semi-Massive Sulphides intersected at McKenzie Springs Nickel Project dated 26 October 2020 for further details on the drilling program and results.

ASX Release

30 October 2020

Corporate Directory

Non-Executive Director

Jason Bontempo

Non-Executive Director

Simon Mottram

Non-Executive Director

Andrew Radonjic

Company Secretary

Aaron Bertolatti

Registered Office

35 Richardson Street West Perth WA 6005

[e-mail]

www.finresources.com.au

Figure 1 | Diamond drill core from McKenzie Springs A) FNDD002 semi-massive to foliation disseminated sulphides from 276m B) FNDD002 semi-massive sulphides C) FNDD002 breccia textured sulphide (pyrrhotite-pyrite-chalcopyrite) at 278m

Figure 2 | Location Map

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Sentinel Project

No field work was undertaken during the September Quarter.

South Big Bell Project

No field work was undertaken during the September Quarter

Financial Commentary

The Quarterly Cashflow Report (Appendix SB) for the period ending 30 September 2020 provides an overview of the Company's financial activities. The Company is in a strong financial position with $3.3 million in cash at the end of the quarter. This will be sufficient to fund corporate costs well into 2021 and also facilitate completion of the drilling program at the McKenzie Springs Project.

Payments for administration and corporate costs amounted to $103K and related to costs for and associated with director's fees, listing and compliance, legal fees and consulting fees. The aggregate amount of payments to related parties and their associates included in the current quarter cash flows from operating activities was $39.9k (refer to Table 1).

- Ends -

Authorised for release by: Jason Bontempo - Non-Executive Director

For further information contact:

Jason Bontempo

Non-Executive Director

Ph: [phone]

Competent Persons Statement

The information in this announcement that relates to Exploration Results and other technical information complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and has been compiled and assessed under the supervision of Ms Felicity Repacholi-Muir, an independent consultant to the Company. Ms Felicity Repacholi-Muir is a Member of the Australian Institute of Geoscientists. She has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Ms Repacholi-Muir consents to the inclusion in this announcement of that matters based on her information in the form and context in which it appears.

Table 2: Payments to Related Parties of the Entity and their Associates

Item	Current	Previous
	Quarter (A$)	Quarter (A$)
Directors' Remuneration
Non-Executive Director Fees and Superannuation	24,855	24,855
Company Secretarial and CFO Fees	15,000	15,000
Total payments to related parties of the entity and their associates	39,855	39,855

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Table 3: FIN Resources Limited Tenements

Tenement	Location		Area	Structure
Australia
E80/4808	Western Australia	134km2	51%
E20/900	Western Australia	50km2	51%
E28/2652	Western Australia	44km2	51%
km2 - Square Kilometres
Changes during the September 2020 Quarter:	N/A

About Fin Resources Limited

Fin Resources Limited is an Australian based resources company listed on the Australian Securities Exchange (ASX: FIN). The Company's projects comprise exploration licences covering ground located in Western Australia, which the Company intends to explore for gold, base metals and graphite (refer Figure 3).

The McKenzie Springs Project is located within the Kimberley Region of Western Australia, 85km north-east of the township of Halls Creek. The Project covers an area of approximately 134km2 including identified nickel, copper, cobalt and graphite occurrences. The McKenzie Springs Project is considered prospective for magmatic Ni-Cu sulphide and PGE mineralisation.

The Sentinel Project is located 130km east-northeast of the township of Kalgoorlie in the Eastern Goldfields, Western Australia. The Project covers an area of approximately 44km2. The Sentinel Project is positioned in a prospective location in terms of regional geological and mineralisation setting, located in the Eastern Goldfields Province within the southern Laverton Tectonic Zone, a regional shear/fault system that extends as a set of NNE and NNW trending structures from Laverton towards the Pinjin area. The Sentinel Project is considered prospective for gold.

The South Big Bell Project is located 25km west of the township of Cue in the Murchison Goldfields, Western Australia. The Project covers an area of approximately 50km2. The South Big Bell Project covers the southern extensions of the greenstone belt and shear zone that hosts the Big Bell Gold Deposit.

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