FEG - Far East Gold (ASX:FEG) - Moves to 51% Ownership of Flagship Idenburg, Clear Pathway to 80%

Far East Gold recently featured in this article by ABN Newswire

CEO & Director Shane Menere commented on this milestone achievement:

“Moving to 51% majority ownership of Idenburg is a defining moment for Far East Gold and a milestone our shareholders should be genuinely excited about. Idenburg is our flagship asset. A high grade project hosting an inferred resource of approximately 780,000 ounces at 3.1 g/t gold, with significant exploration upside across the broader Contract of Work and securing majority ownership materially strengthens our shareholders’ exposure to that value.

Importantly, this is not the end point, it is the platform for what comes next. Our Scoping Study is well advanced and under final review for release to the ASX, and we will then move straight into the Indonesian Feasibility Study, targeting completion in Q4 2026. Acceptance of that study by the ESDM entitles us, under the CSPA, to move to 80% ownership of Idenburg. Few junior explorers can point to such a clear, fully defined pathway from exploration through to development and increasing ownership of a flagship asset. We believe each of these milestones represents a meaningful step in unlocking significant value for Far East Gold shareholders, and the Board and management are firmly focused on delivering them.”