With an area of 9,941 hectares (24,560 acres; 38.38 sq mi) it is the largest lake in southeast Yukon and the largest in territory that does not flow into the Yukon River, instead draining to the Frances River and then the Beaufort Sea via the Liard and Mackenzie rivers.

[2][3] Several rivers and creeks flow into Frances Lake, forming extensive deltas.

The lake and surrounding area was featured in Anton Money's 1975 autobiographical book This Was the North and one of the creeks is named Money Creek after this early settler to the area.

[4] The region, typically for the Yukon, has a subarctic climate (Köppen Dfc) characterised by short, mild summers and long, frigid winters, although there is much greater precipitation and snowfall than more northerly parts of the Territory due to being closer to Pacific Ocean moisture.

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