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Roboto Condensed

FEG Shareholder Company Update Webinar – Tuesday 8 September, 1:00pm AEST

Far East Gold has announced that it has signed a land access agreement (CCA) with the property owners in preparation for the drilling program at the Company’s Mount Clark West (MCW) Copper-Gold project in Queensland. 

Eagle Drilling NQ Pty Ltd has been contracted to complete a minimum 3 hole, 1,800m combined reverse circulation (RC) and diamond drill program.

The drilling will begin by early November 2025 and will test 3 three priority porphyry copper-gold targets defined through historical exploration data combined with recent geophysical and geochemical surveys.

Previous drilling at MCW intersected low-grade copper mineralisation, within altered volcanics, including 0.1% Cu over 104m from 114m, with a higher-grade interval of 0.23% Cu over 14m from 180m (hole MCDD002). The results infer close proximity to a potential mineralised porphyry system.

Chief Executive Officer, Shane Menere, emphasised the strategic importance of this program: 

“The historical drilling at Mount Clark West gave us the first clear signs of copper mineralisation in the district while being surrounded by other Tier 1 global mining companies also exploring. By applying modern geophysics and geochemistry, we now believe those results were not isolated, but rather potential evidence of being on the shoulder of a much larger porphyry system. This upcoming program will be the first real test of those targets, and we are excited by the scale of the opportunity and potential to make a discovery.”

MOUNT CLARK WEST – CCA AND DRILL CONTRACTS SIGNED