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Roboto Condensed

Major breakthrough for Far East Gold at key Indonesian project

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For the first time in its history, the Woyla copper-gold project in Aceh owned by Far East Gold (ASX: FEG) can now be drilled over its entire strike length.

The Indonesian Government has issued a decree granting a borrow-use licence.

The licence is being issued as Izin Perseetujuan Penggunaan Kawasan Hutan (IPPKH) — translated as borrow-use licence — which is is the administrative process required for advanced exploration to occur in the forest designated section of the tenement.

The Woyla project was previously explored by both Barrick Gold and Newcrest Mining (ASX: NCM) and, in its 25-year history, neither they nor any other company has been able to achieve this breakthrough.