Far East Gold Ltd
AASX:FEG0.13
AUD
0.00
(0.00%)
ISIN
AU0000191793
Return %
Stock
S&P 500
1Y
-7.41
14.20
3Y
-24.24
81.12
5Y
- -
68.34
Capital Structure
AUD
•
in mil. unless spec.Working Capital
AUD
•
in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
•
in mil. unless spec.Semi-annual Earnings Per Share
AUD
•
in mil. unless spec.Semi-annual Dividends Per Share
AUD
•
in mil. unless spec.Company Description
- CEO
- Shane Menere
- Full Time Employees
- 35
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 111 Eagle Street Brisbane QLD Australia 4000
- IPO Date
- Mar 24, 2022
- Website
- fareast.gold
- Similar Companies
- Business
- Far East Gold Limited (ASX:FEG) is a copper and gold exploration company focused on the acquisition, exploration, and evaluation of mineral properties in Australia and Indonesia. The company holds interests in multiple advanced projects, including the Idenburg project in Papua, Indonesia, featuring high-grade gold-silver epithermal mineralization at prospects such as North Bermol and Sua; the Woyla Gold Project spanning over 24,260 hectares in Indonesia with epithermal gold-silver veins and potential copper-gold porphyry deposits; the Trenggalek project covering 12,813 hectares in East Java within the Sunda Magmatic Arc, prospective for epithermal and porphyry-related gold-copper systems; the Wonogiri Copper-Gold Project in Central Java, encompassing the Randu Kuning deposit and surrounding areas; and Australian assets such as Blue Hill Creek (also referred to as Blue Grass Creek) and Mount Clark West. Incorporated in 2020 and headquartered at Level 18, 324 Queen Street, Brisbane, Australia, Far East Gold operates in the precious and base metals exploration sector, targeting Tier 1-scale deposits primarily in Indonesia's mineral-rich Sunda-Banda Arc and select Australian tenements. In recent developments, the company completed a strategic investment from Xingye Gold Hong Kong Mining Company Limited, receiving over A$14.6 million across three tranches in 2024-2025 at A$0.20 per share, elevating Xingye's stake to 19.99% and providing funding for accelerated 2025 exploration programs. Far East Gold signed a conditional share purchase agreement for the Idenburg Contract of Work in late 2024, followed by initial drilling in 2025 that intersected bonanza-grade gold including 22.1 g/t and visible gold, expanding mineralization at North Bermol and Sua prospects with two drill rigs active. Additional advancements include detailed geological mapping at Trenggalek post-acquisition, identification of 14 new high-priority targets at Idenburg via structural assessment, bringing total prospects to 29 across its 95,280-hectare tenement, and planned step-out drilling to expand resources. These initiatives underscore a strategic shift toward resource delineation and discovery in Indonesia, supported by prior acquisitions like Trenggalek in 2023.
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