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Far East Gold Ltd (ASX:FEG)

ALERT: Price-sensitive ASX Announcement for FEG
Current share price for FEG : $0.140 -0.005 (-3.45%)+
Announcement
Release
12 Jan 2026 8:53AM
Price at Release
$0.145
Full Release
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Summary
Far East Gold Limited announced the fifth consecutive high-grade gold intercept at the Idenburg Project's Sua Prospect in Papua, Indonesia. Drillhole KSD027, a 50m step-out, confirmed a 50m lateral extension of high-grade gold zones previously intersected. The drill results included multiple high-grade intervals, with assays showing significant gold concentrations such as 8.55 g/t Au over 1.7m and up to 175 g/t Au over 0.55m. The high-grade zone remains open for further exploration. The Idenburg Project, which hosts a JORC (2012) inferred Mineral Resource of approximately 540,000 oz Au, has shown consistent high-grade results across all five diamond drillholes. FEG's Non-Executive Chairman, Justin Werner, noted the substantial untested potential of the Sua Prospect, confirming its status as a promising gold system.
Key Points
  • Far East Gold Limited (ASX: FEG) reports fifth consecutive high-grade gold intercept from the Idenburg Project's Sua Prospect in Papua, Indonesia.
  • Drillhole KSD027, a 50m step-out, confirms a 50m lateral extension of high-grade gold zones from previous drillholes.
  • Significant assays from KSD027 include multiple high-grade intervals such as 8.55 g/t Au over 1.7m and 175 g/t Au over 0.55m.
  • The high-grade zone in KSD027 remains open down-dip and along strike to the northeast.
  • All five Far East Gold diamond drillholes (KSD023-KSD027) have intersected high-grade gold in the Sua Prospect.
  • The Idenburg Project hosts a JORC (2012) inferred Mineral Resource estimate of approximately 540,000 oz Au.
  • Justin Werner, Non-Executive Chairman of FEG, highlights the potential of the Sua Prospect as a highly fertile gold system.
  • The current FEG drilling program aims to extend and infill known mineralized zones within the Idenburg Project Area.
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.