InvestSMART

Felix Gold Limited (ASX:FXG)

ALERT: Price-sensitive ASX Announcement for FXG
Current share price for FXG : $0.250 0.005 (2.04%)+
Announcement
Release
31 Jul 2026 10:13AM
Price at Release
$0.245
Full Release
download
Summary
Felix Gold Limited (ASX: FXG) reported its quarterly activities and cash flow for the period ending 30 June 2026. The company continued its exploration and development efforts in Alaska, focusing on the Treasure Creek project. Significant progress was made in the extraction of antimony and gold, with bulk sample extraction underway and ore stockpiled for future processing. Felix Gold's subsidiary, Frontier Antimony Refinery Corp., was incorporated to facilitate metal production and marketing in the U.S., assessing the viability of constructing a U.S. smelter. The company reported a decrease in cash and cash equivalents by $4.5 million, ending the quarter with $9.6 million. Cash used in operating activities amounted to $0.9 million, mostly related to corporate costs in Alaska and Australia. Investment activities used $6.1 million, primarily for mining leases and exploration expenditures. Financing activities generated $2.5 million from the exercise of options. The company is working towards establishing a U.S.-domiciled ore-to-metal supply chain and is advancing exploration across its properties.
Key Points
  • Felix Gold continued exploration at Treasure Creek, Alaska.
  • Bulk sample extraction for antimony and gold is underway.
  • Subsidiary Frontier Antimony Refinery Corp. set up in Delaware.
  • Cash decreased by $4.5 million, ending with $9.6 million.
  • Operating cash use of $0.9 million for corporate costs.
  • Investment of $6.1 million in mining leases and exploration.
  • Financing raised $2.5 million from options exercise.
  • Working towards a U.S. ore-to-metal supply chain.
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.