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Roboto Condensed

Far East Gold surges 50% post IPO, targeting gold and copper in Indonesia and Australia

Far East Gold Ltd (ASX:FEG) became the latest junior Australian mining company to list on the ASX on Monday under the ticker ‘FEG’ - an exploration company with a focus on gold and copper projects locally and in Indonesia.

The company launched its IPO in December 2021, aiming to raise a minimum of $8 million via the issue of 40 million new fully paid ordinary shares, priced at $0.20 a share, up to a maximum of $12 million through the issue of 60 million new shares.