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Far East Gold Ltd (ASX:FEG)

ALERT: Price-sensitive ASX Announcement for FEG
Current share price for FEG : $0.155 0.02 (14.81%)+
Announcement
Release
30 Oct 2025 6:38PM
Price at Release
$0.135
Full Release
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Summary
Far East Gold Ltd's September 2025 quarterly exploration update highlights significant advancements in their Indonesian gold projects. The company reported a new high-grade gold discovery at the North Bermol Prospect within the Idenburg Project, with notable drill results indicating promising gold intersections. A comprehensive structural interpretation has identified 14 new high-priority targets, expanding their exploration potential. Financially, the company ended the quarter with $9.1 million in cash and cash equivalents, with quarterly cash flows reflecting investment in exploration activities. No significant exploration activities were undertaken in Australia during the quarter, although preparations for future work are underway.
Key Points
  • Discovery of high-grade gold at North Bermol Prospect.
  • Significant drill results include intersections of gold at various depths.
  • 14 new high-priority structural targets identified in the Idenburg Project.
  • Cash and cash equivalents at the end of the quarter were $9.1 million.
  • Total exploration expenditure was $235,000 for the quarter.
  • No Australian exploration activities completed in the September 2025 quarter.
  • The company is preparing for drilling activities in Q4 2025 in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.