Announcement PDF ASX ANNOUNCEMENT 27 August 2025 New Gold Bearing Zones Identified at North Bermol Far East Gold Limited (ASX: FEG) is pleased to report the discovery of new gold mineralised zones at the North Bermol prospect, located approximately 1.5km northwest of current drilling activities at the Bermol prospect. Recent detailed geological mapping has outlined mineralised quartz veins and boudins up to 1m thick within the North Bermol area. Assay results from grab samples returned grades of up to 25.9 g/t Au and 7.8 g/t Ag from sulphide-bearing (arsenopyrite/pyrite) quartz veins over a 15m exposed outcrop. The mineralisation dips shallowly at ~20 degrees and exhibits a style consistent with that already identified at Bermol, supporting the interpretation that both areas are linked within a broader 4km-long, northeast-trending structural corridor. These results highlight the potential for further discovery of additional mineralised zones across the corridor, significantly enhancing the exploration upside at the Bermol prospect and Idenburg. HIGHLIGHTS: • New mineralised quartz veins mapped at North Bermol – Detailed mapping has identified sulphide-bearing quartz veins and boudins within northwest-trending structures. This is in contrast to the predominately northeast-trending shear zones seen at Bermol, opening up additional target areas for testing in the current Phase 1 drill program. • Additional high-priority targets to be advanced – The Company will conduct further mapping and sampling at Nova (north of the Sua prospect) and Tekai (west of the Mafi prospect). Historic results include: - Nova: surface outcrop sampling of 3.9 g/t and 9.0 g/t Au over 1m. - Tekai: chip samples from sheared quartz veins ~800m apart assayed 58.2 g/t and 79.8 g/t Au. • Expanding high-grade potential – The mapping confirms the presence of high-grade gold mineralisation and supports the potential to expand resources across multiple prospects. (Refer to ASX announcement dated 14 November 2024.) FAR EAST GOLD ASX ANNOUNCEMENT 1 IDENBURG PROJECT – NEW DISCOVERY Figure 1: Map showing prospect and resource areas within the Idenburg COW tenement. Recent mapping was completed in the North Bermol prospect area and discovered new zones of gold mineralisation hosted within quartzsulphide veins and boudins. Refer to Figure 2. Detailed Mapping Results: In parallel with the Phase 1 drilling program, the Company has advanced a campaign of detailed geological mapping across the Bermol prospect areas. This work is designed to identify new goldbearing zones that may be incorporated into ongoing drilling, with the objective of rapidly expanding the scope of exploration. The North Bermol prospect is interpreted as the northern extension of a ~4km-long mineralised structural corridor. While the corridor trends predominantly northeast, mapping has revealed the presence of additional fault and shear zones with alternative orientations. The recognition of these cross-cutting structures is considered highly significant, as their relative timing and association with gold mineralisation are key to unlocking the broader exploration potential of the corridor. These findings continue to strengthen the Company’s confidence in the Idenburg Project, highlighting the potential for further high-grade discoveries. Historical exploration data across Idenburg, including the Independent Exploration Target Report prepared by SMGC (released to the ASX on 21 August 2024), provides additional context and supports the emerging interpretation of a large, mineralised system with multiple prospective targets. FAR EAST GOLD ASX ANNOUNCEMENT 2 IDENBURG PROJECT – NEW DISCOVERY Figure 2: Map showing the Bermol district prospect areas and the location of recent surface rock samples (in yellow) with gold assay results. Samples and assay in white are from reporting of mapping results in the Company ASX announcement 9 April 2025 . The new discovery of high-grade gold in quartz veins at North Bermol is shown. See Figures 3 and 4. Refer to Table 1 for sample location and assay details of samples shown. A review and discussion of historical exploration and assessment of resource potential can be found in the Company ASX announcement of announcement 21 August 2024. FAR EAST GOLD ASX ANNOUNCEMENT 3 IDENBURG PROJECT – NEW DISCOVERY Table 1: Sample locations and assay results for samples shown in Figure 2. Coordinates are referenced to WGS84 UTM Zone 54 South. Figure 3: Photo of a quartz boudin zone (outlined in red line) at North Bermol. The zone is exposed over about 1.5m in thickness and 15m in length occurs within a laterally extensive fault/shear zone. See Figure 4 for sample descriptions. ` FAR EAST GOLD ASX ANNOUNCEMENT 4 IDENBURG PROJECT – NEW DISCOVERY Figure 4: Photos of samples collected and assayed from the Bermol prospect areas. A) Sample BI001071 – from North Bermol, outcrop, intensely oxidized with remnant clot of arsenopyrite that returned an assay of 25.9 g/t Au, 7.8 g/t Ag. , B) Sample BI001075 from North Bermol, outcrop, shear zone contains abundant sulphides. Assayed 6..75 g/t Au, 4.9 g/t Ag and 0.16% Cu., C) Sample BI001076 from North Bermol – outcrop, intensely sheared contains sulphides and fuchsite mica. Assayed 5.26 g/t Au, 3.2 g/t Ag and 446 ppm Cu., D) Sample BF001085 – from North Bermol, outcrop, crack-seal textured quartz. Assayed 3.1% As. The Company will continue with the current detailed mapping and rock sampling to define extensions to known zones of gold mineralisation and identify additional zones of gold mineralisation within the Bermol prospect areas. FAR EAST GOLD ASX ANNOUNCEMENT 5 IDENBURG IDENBURG PROJECT PROJECT – – NEW NEW DISCOVERY DISCOVERY COMPETENT PERSON’S STATEMENT The information in this announcement is based on the results of FEG exploration and interpretation of historical exploration within the Idenburg COW. This results of historical exploration was compiled and reported by SMG Consultants in the report entitled ‘JORC Resource Report, PT Iriana Mutiara Idenburg, November 2024’. Additional interpretation was provided by FEG and used for exploration planning purposes. Michael C Corey, who is a Member of the Association of Professional Geoscientists of Ontario, Canada prepared this announcement and is employed by the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Michael Corey has consented to the inclusion in this report of the matters based on his information in the form and context in which they appear. ABOUT FAR EAST GOLD Far East Gold Limited (ASX: FEG) is an ASX listed copper/gold exploration company with six advanced projects in Australia and Indonesia. This Release has been approved by the FEG Board of Directors. FURTHER INFORMATION: Sign up to the Far East Gold investor hub to receive important news and updates directly to your inbox, and to engage directly with our leadership team: https://investorhub.fareast.gold/auth/signup COMPANY ENQUIRIES Justin Werner Chairman e: justin.werner@fareast.gold FAR EAST GOLD ASX ANNOUNCEMENT Shane Menere Chief Executive Officer Tim Young Investor Relations & Capital Markets e: shane.menere@fareast.gold m: + 61 406 189 672 + 62 811 860 8378 e: tim.young@fareast.gold m: + 61 484 247 771 6 JORC Code, 2012 Edition – Table 1 report template Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria Sampling techniques JORC Code explanation Commentary • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down-hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been completed this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. • All drill core was digitally photographed and logged by project geologists. Core with any potential for mineralisation was marked up for sampling and despatched to an analytical laboratory for geochemical analysis. Only obvious nonmineralised core was not sampled. • Half core was selected for geochemical analysis. • The 2007 drill core sample intervals range from 1.00 to 2.00 m with an average interval of 1.38 m. • All half-core samples were packed into woven polysacks by experienced site personnel and air freighted to the Sucofindo Laboratory in Timika, Papua Province, Indonesia. • All sample preparation and assays were undertaken by the independent Sucofindo Laboratory in Timika, Indonesia (Freeport Industrial Park). • Gold analyses of all drill core samples were by fire assay with atomic absorption spectrometry (AAS) finish of a 50g sample, with a detection limit of 0.01 g/t Au (method FAS4AAS). • For the determination of base metal AAS analytes the Sucofindo GAM006 – Base Metal Determination method was used with detection limits of Ag (0.5 ppm) and Cu, Pb, Zn (each 5 ppm). • For the determination of AAS hydride analytes the Sucofindo GAM004 – Hydride Base Metal Determination method was used with a 1.00 ppm detection limit for Arsenic Drilling techniques • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). • Triple tube diamond core drilling – fully drilled with a diamond bit without RC pre- collar. • Core diameter was mostly HQ, reducing to NQ at depth. • Down-hole surveying was routinely conducted at 30 m intervals during 2006 and 2007 drilling. • Core orientation was measured using a downhole lance to assist in orienting structures. Criteria JORC Code explanation Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. Sub-sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. Commentary • Core was fitted together and marked up for sampling by a geologist, and where loose fragments were seen core was wrapped in masking tape before the core was sawn in half. • All holes were drilled from the surface using conventional triple-tube diamond drilling techniques. Core recoveries exceeded 90% for all mineralised intervals reported. • All core sample recovery recorded in logging sheet and recovery results were assessed by project geologists. • No significant drilling problems encountered resulted in very good core recoveries. • Statistical analyses indicate no relationship between grade and recovery. • All drill holes were logged by geologists. • All logging data recorded intervals from and to, including lithology, mineralisation, alteration, sulphides cited, detailed structure, and geotechnical characteristics. • All core was photographed. • All samples that were identified as having any potential mineralisation were assayed. • Core samples were logged and all intervals for analysis were marked up by IMI geologists, mostly at 1 metre intervals. • Core samples for analyses were cut in half and collected by experienced IMI personnel. • 2007 drill core sample intervals ranged from 1.00 to 2.00 m with an average interval of 1.38 m. • Selected quarter core samples were assayed for quality assurance and quality control analysis. Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • All samples were dispatched to an independent laboratory – Sucofindo Laboratory, Timika, Indonesia. • No QA/QC was conducted in the field at all stages of exploratory sampling. • QA/QC duplicate and replicate sampling only conducted within the Timika Sucofindo Laboratory. Criteria JORC Code explanation Commentary • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. • Analysis by Sucofindo of replicate assays and duplicate pulp check assays indicate acceptable levels of accuracy and precision. • Twinned holes were considered superfluous during the initial Resource drilling phases. • Data entry involved constructing Excel spreadsheets directly from final laboratory assay reports and delivered electronically in Excel format. • Database verified by IMI exploration supervisor and JV funding Chief Geologist, including all significant drill intersections. • Data stored in a company server located in Jakarta, Indonesia. Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. Location of data points Data spacing and distribution • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. • Soil sampling grid (Northing, Easting, and Elevation) was established with handheld GPS control and tape and compass surveyed in the rugged terrain. • There is no clear information on whether the borehole collars to date have been surveyed using standard total station techniques or GPS handheld equipment. • Both Sua and Bermol have been topographically surveyed by site surveyors with a soil sampling grid established and surveyed over the project. Survey data of creek locations, ridges, and spot heights were also collected and all survey data was used to create the topography DTM. • The existing topographic survey is considered adequate for the current DTM. Minor local discrepancies are evident and further survey work will be required should further Resource definition ensue. • The grid system used is Universal Transverse Mercator (WGS 84) UTM Zone 54, Southern Hemisphere. • Drill hole spacing and drill section spacing were as close to 100 m as the rugged ground conditions allowed. • Drilling has verified the mapping and trenching with the confirmation of both strike and dip continuity of gold-bearing quartz veins at depth. Although the drilling density is insufficient to allow a detailed model of the quartz veins it is adequate to define the overall geometry of the veins. • Samples are not composited for analysis. Down-hole compositing is applied for Mineral Resource estimation • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • Drill sections are oriented perpendicular to the main strike of shallow dipping vein structures. • Most holes were drilled on section. Criteria JORC Code explanation Commentary to geological structure • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. • Vertical and mostly inclined holes were drilled, depending on the orientation of the mineralisation. • The orientation of the drilling is considered adequate for an unbiased assessment of the deposit with respect to interpreted structures and control on mineralisation. • All drill core samples were packed on-site into polysacks by experienced IMI personnel before being helicopter delivered to the IMI logistic depot near Jayapura Airport and air-freighted by Boeing 737 to the Sucofindo Laboratory in Timika, Indonesia. • All sample preparation and assaying were undertaken at the independent, internationally recognised, Sucofindo Laboratory, Timika, Papua Province, Indonesia. • Pulps and coarse rejects were stored at the Sucofindo Laboratory, Timika. • Sampling procedures and data collection were frequently reviewed particularly during regular site visits and quarterly (every three months) Idenburg operating committee meetings. Orientation of data in relation • The measures taken to ensure sample security. Sample security Audits or reviews • The results of any audits or reviews of sampling techniques and data. Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Criteria JORC Code explanation Commentary Mineral tenement and land tenure status • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area. • PT. Iriana Mutiara Idenburg (IMI) holds an Exploration Contract of Work (COW) granted on the 13th of December 2017. • Project Area covers 95,280 hectares. • The Exploration COW is • Acknowledgment and appraisal of exploration by other parties. Exploration done by other parties • • • • Deposit type, geological setting and style of mineralisation. • Geology • • valid up to the 26th of October 2026. All known mineral prospects have been located by current and past IMI tenure holders. Acknowledgment and appraisal of exploration by other parties including Barrick Gold Corporation and Avocet Mining under Joint Venture, Placer Dome under Exclusive Option Period; and, Minorco, Newcrest Mining, and Newmont Mining under confidential due diligence investigations. ACA Howe International Ltd. compiled an independent technical report on the key prospective targets within the Exploration COW held by IMI. All gold prospects are located within the exotic Idenburg Inlier terrane, an approximately 30km x 30km block of amphibolite facies metamorphic rocks hosting dismembered ophiolites emplaced along regionally extensive thrust faults. The tectonic setting is on the edge of the Pacific Rim, in the complex collisional zone between the northward creeping Australian continental plate and oceanic Pacific Plate drifting to the southwest. Style of gold mineralisation as determined from field observations including mapping and drill core logging is of the orogenic gold type, also referred to as mesothermal lode gold. • Repeated petrographic investigations suggest the presence of auriferous, sheared quartz veins in metamorphic rocks with alteration assemblages seen and fluid inclusion homogenisation temperatures indicate that orogenic lode gold deposits are present. Drill hole Information • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: - Easting and Northing of the drill hole collar • Criteria JORC Code explanation Commentary - • • Data aggregation methods • • Relationship between mineralisation widths and intercept lengths elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar - dip and azimuth of the hole - down-hole length and interception depth - hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. • These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down-hole lengths are reported, there should be a clear statement to this effect (eg ‘down-hole length, true width not known’). • Significant intercepts were calculated using a 0.5 ppm lower cutoff at Mafi and 0.8 ppm Au at all other prospects, 100 ppm uppercut, maximum consecutive waste 1 m. • No metal equivalent values considered. • The drill targets were tested with the aim of intersecting the interpreted mineralised structure as perpendicularly as possible to the strike, based on the geological interpretation available usually from surface creek mapping and mapping of trench and channel exposures. Mineralised zones were generally intersected at angles of greater than 60 degrees to the dip, which will cause a slight overstatement of the true mineralised width. • Results are reported as down-hole widths, in most cases, the true width is approximately 80-85 % of the down-hole length. Diagrams • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Balanced reporting • Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. Other substantive exploration data • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; Criteria JORC Code explanation metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. • All maps, tables, and diagrams are identified in the Table of Contents of this report under the headings “Tables”, “Figures” and “Appendices”. • Results from all holes in the historic programs for which assays have been received are reported. . Commentary • Regional drainage sampling has been completed over the entire remaining Project Area at a sampling density of just over 1 sample per 5 sq. km. At each stream site a -80# stream sediment, panned concentrate, and BLEG sample were collected, along with any mineralised rock float or rock outcrops. • The BLEG samples were assayed for Au, Ag, and Cu. The silt and rock samples were assayed for Au, Ag, Cu, Pb, Zn, Mo, Sb, Hg, Bi, Ni, Co, K, and Cr. • Lithostructural interpretations from air photos and Landsat imagery. • Compilation of all geochemical, geological, and geophysical data into a GIS database initially in ArcView format. • Preliminary metallurgical test work, on surface samples and on drill core composites from the Sua district show that 50 to 60% of the contained gold is recoverable by gravity, while overall recoveries by carbon-in-leach (CIL) or resin- in-leach (RIL) processes exceed 95%. Preliminary work on Bermol samples suggested minimum gold recoveries by CIL exceeding 80%. Further work • The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. • Future Resource definition drilling is planned to extend, and infill known mineralised zones, and to delineate additional mineralised zones within the Idenburg Exploration COW Project Area. Section 3 Estimation and Reporting of Mineral Resources (Criteria listed in Section 1, and where relevant in Section 2, also apply to this section.) Criteria Database integrity JORC Code explanation Commentary • Measures taken to ensure that data has not been corrupted by, for example, transcription or keying errors, between its initial collection and its use for Mineral Resource estimation purposes. • Data validation procedures used. • A complete review of the geological database was conducted to assess if the data was suitable to support the estimating and reporting of Gold Resources by a Competent Person according to SMGC’s interpretation of the 2012 JORC Code. • Valid points of observation require the following information: • correct survey location data and ensure acceptable discrepancy with the surface topography. • geological logs detailing the various lithologies and geological structures present at a given location. • A downhole survey must be undertaken to check the borehole deviation. • representative ore samples must be collected and submitted to an accredited laboratory for analysis and following checked by QA/QC procedures. Site visits • Comment on any site visits undertaken by the Competent Person and the outcome of those visits. • If no site visits have been undertaken indicate why this is the case. • A complete review of the geological database was conducted to assess if the data was suitable to support the estimating and reporting of Gold Resources by a Competent Person according to SMGC’s interpretation of the 2012 JORC Code. • To allow estimation and reporting according to SMGC’s interpretation of the 2012 JORC Code, a Resource must have enough valid points of observation, and these points must be suitably spaced to accurately represent the deposit being modelled. Domain continuity and its characteristics must be understood to allow confirmation of the Resource. Points of observation can be outcrops, exploration trenches, or boreholes. • Valid points of observation require the following information: correct survey location data; and ensuring that there is an acceptable discrepancy with the surface topography, and geological logs detailing the various lithologies and geological structures present at a given location, and a downhole survey must be undertaken to check for borehole deviation, and representative ore samples must be collected and submitted to an accredited laboratory for analysis, followed by verification through QA/QC procedures. • The majority of all the above criteria were met by IMI project exploration data to date. Previous QA/QC was only conducted within the laboratory during the exploration stage and subsequent disturbance of drill core during IMI transport did not allow for additional QAQC by SMGC.. • Borehole collar coordinate adjustments were made to the topographic surface for Bermol and Mafi. • Several site visits have been carried out by both SMGC and FEG Geologist • SMGC Principal Geologist visited the site from 21 to 28 August 2024. • The visit focused on visual confirmation of mineralized zones in the field and drill core and duplicate sampling of the remaining half core of the Sua, Bermol and Mafi boreholes at th