InvestSMART

Far East Gold Ltd (ASX:FEG)

ALERT: Price-sensitive ASX Announcement for FEG
Current share price for FEG : $0.125 -0.055 (-30.56%)+
Announcement
Release
29 Jan 2026 10:55AM
Price at Release
$0.180
Full Release
download
Summary
Far East Gold Ltd reported significant exploration activities for the quarter ending 31 December 2025, focusing on its Idenburg Project in Papua, Indonesia. The company drilled 10 holes at the Sua Prospect, confirming high-grade gold zones and indicating potential for resource expansion. The Bermol District also saw drilling activities, with gold mineralization identified at North Bermol. Financially, the company reported a net cash outflow from operating activities of $2.16 million, with cash equivalents at $6.46 million at quarter's end. No new financing was drawn, and exploration expenditures totaled $471,000, mainly for activities in Indonesia and Australia.
Key Points
  • High-grade gold zones confirmed at Sua Prospect.
  • Bermol District drilling identified new gold mineralization.
  • Net cash outflow from operations was $2.16 million.
  • Cash equivalents stood at $6.46 million at the end of the quarter.
  • Exploration and evaluation expenditure totaled $471,000.
  • No new financing facilities were utilized.
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.