InvestSMART

Felix Gold Limited (ASX:FXG)

ALERT: Price-sensitive ASX Announcement for FXG
Current share price for FXG : $0.265 -0.045 (-14.52%)+
Announcement
Release
4 Jun 2026 8:25AM
Price at Release
$0.310
Full Release
download
Summary
Felix Gold Limited (ASX: FXG) has commenced the extraction and stockpiling of high-grade massive stibnite vein material at its Treasure Creek Antimony Project in the Fairbanks Mining District, Alaska. This marks a significant operational advancement as Felix transitions from exploration drilling to actual ore extraction under an approved bulk sample permit. The project is strategically important as it represents a domestic source of antimony in the United States, a commodity for which the country is currently fully import-dependent. The project is also part of the State of Alaska's coordinated permitting process, which enhances its regulatory progress. The company has successfully demonstrated logistics capabilities by moving approximately 20 tonnes of stibnite to an off-site storage facility, indicating strong operational infrastructure. Felix Gold continues to explore processing pathways for the material to potentially generate early revenue, and the company has proposed long-term incentive options for its Executive Director, which require shareholder approval.
Key Points
  • Felix Gold Limited commences extraction and stockpiling at Treasure Creek Antimony Project.
  • Project located in Fairbanks Mining District, Alaska, significant for U.S. antimony supply.
  • Approximately 30 tonnes of high-grade stibnite extracted under approved bulk sample permit.
  • Project part of the State of Alaska's coordinated permitting process.
  • Successful logistics demonstrated by transporting 20 tonnes to off-site storage.
  • Exploration of processing pathways for potential early revenue generation.
  • Board approved long-term incentive options for Executive Director, subject to shareholder approval.
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.