Announcement PDF IDENBURG GOLD GOLD PROJECT PROJECT ACQUISITION ACQUISITION IDENBURG GOLD PROJECT ACQUISITION ASX ANNOUNCEMENT 14 November 2024 ASX ANNOUNCEMENT 11 JULY 2024 540,000 oz GOLD at 4.1 g/t INITIAL JORC MINERAL RESOURCE ESTIMATE AT IDENBURG The directors of Far East Gold (FEG or the Company) are pleased to announce an independent initial total JORC inferred resource estimate (MRE) of 540,000 ounces of gold @ 4.1 g/t and 468,000 ounces of silver at 3.6 g/t at the Company’s Idenburg Project. This initial JORC resource estimate was determined by SMG Consulting from 3 of the 14 prospects identified within the 95,280 ha Idenburg CoW. The inferred resource estimate was achieved without any additional drilling by completing additional topographic surveying over the prospect areas to provide more precise data. HIGHLIGHTS: • Total inferred JORC resource estimate of 540,000 ounces gold at a grade of 4.1 g/t and 468,000 ounces of silver at a grade of 3.6g/t. • The total resource is comprised from the Sua, Bermol and Mafi prospects using historical drillhole data supplemented by newly acquired topographic survey data and revised 3D deposit modelling. These prospects are 3 of the total 14 prospect areas identified by historical exploration and determined to be valid resource targets by SMGC. • Previous exploration focused on only about 30% of the total CoW area and most of the property remains vastly under-explored and holds potential for an expansion of the contained resources. • The resource estimates are consistent with the initial exploration targets determined by SMGC in the June 2024 Exploration Target Report released by the Company on August 21, 2024. • The Company is confident of expanding the initial JORC gold-silver resource through a planned detailed surface mapping and sampling program followed by a Phase 1 drill program, including within the 3 prospects mentioned in the report. • CEO & Director Shane Menere has released a video discussing this announcement. Watch the video on our investor hub here: https://investorhub.fareast.gold/link/lyaZle FAR EAST GOLD ASX ANNOUNCEMENT 1 IDENBURG GOLD PROJECT ACQUISITION IDENBURG – INITIAL JORC RESOURCE Figure 1: Map showing the location of the Idenburg COW in Papua Indonesia relative to the locations of world class multimillion ounce gold-rich porphyry copper deposits. The Idenburg Project is situated within the Keerom and the Pegunungan Bintang Regencies of Papua (Figure 1), near the border with Papua New Guinea. The all-weather Trans Irian Highway is an asphalted road from the regional capital of Jayapura that transects the Exploration COW and allows for relatively easy access and cost-effective logistical support (Figure 2). Compared to other projects in Papua logistical support is simple and cost-effective especially when compared to the other major producers in Papua. Field observations show that the basic style of gold mineralisation as determined from mapping and drill core logging is of the orogenic gold type, also referred to as mesothermal lode gold. The presence of coarse gold with a high nugget value is inherent to deposits of this type and will need to be evaluated when sampling or assaying. In June 2024, SMGC reported Exploration Targets for all 14 prospects identified within the Idenburg CoW area. Refer to the independent SMG Consultants (SMGC) report titled Pt. Iriana Mutiara Idenburg Exploration Targeting Report of June 2024 that was included in the Company’s ASX announcement of August 21, 2024. FAR EAST GOLD ASX ANNOUNCEMENT 2 IDENBURG GOLD PROJECT ACQUISITION IDENBURG – INITIAL JORC RESOURCE Figure 2: Map showing the location of the Idenburg COW and prospect areas identified by historical exploration. The Sua, Bermol and Mafi prospects comprise the current JORC 2012 inferred resource estimate determined by SMGC. A total of 59 drillholes have been drilled in the Idenburg project area, consisting of 22 in Sua, 7 in Bermol, 23 in Mafi, 3 in Selia, and 4 in Sikrima (Figure 2). Drilling was conducted in two periods. The first period occurred prior to Avocet's involvement in 2000, during which a total of 23 holes were drilled—all in the Mafi Prospect. The second period took place between 2005 and 2007 and was carried out by the Avocet and Idenburg Joint Venture. Refer to an independent review of historical exploration results by SMGC in the Company’s ASX announcement dated August 21, 2024. For the JORC Mineral Resource estimation SMGC completed a thorough review of the historical Idenburg geological database to assess if the data was suitable to support the estimating and reporting of Gold Resources by a Competent Person according to the 2012 JORC Code. Based on their interpretation SMGC determined that the necessary criteria were met with the exception of additional topographic data and some additional QA/QC sampling of historical drill core. With completion of this additional work SMGC determined that the zones of mineralisation delineated within the Sua, Bermol and Mafi prospects areas could be classified as a `Mineral Resource’ according to the 2012 JORC Code standards as stated below: FAR EAST GOLD ASX ANNOUNCEMENT 3 IDENBURG GOLD PROJECT ACQUISITION IDENBURG – INITIAL JORC RESOURCE A ‘Mineral Resource’ is a concentration or occurrence of material of intrinsic economic interest in or on the Earth’s crust in such form, quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade, geological characteristics and continuity of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories (2012 JORC Code) Generally, the parameters which are considered for classification of the Mineral Resource are the distribution and density of drill data, confidence in interpreted geological continuity of the mineralised zones, and confidence in the resource block estimates. SMGC used the historical exploration data to build three geological models for the Sua, Bermol and Mafi Prospects. In interpreting the 2012 JORC, SMGC was of the opinion that the deposits in the three prospective areas could only be categorized as Inferred Resources (Table 1). SMGC estimated the ore tonnage for the three prospect areas using a cut-off grade of 0.1 g/t Au with no grade capping applied to the IMI historical assays. Table 1: Mineral Resource table as estimated by SMGC based on historical exploration data using a cut-off grade of 0.1 g/t Au with no grade capping applied to the IMI historical assays. To estimate grades for Sua and Mafi, SMGC applied the Inverse Distance Weighting (IDW) method. This method assigns a value to a grid node by calculating the weighted average of either all data points or a selection of neighbouring points distributed in various directions. Each data point’s value is weighted based on the inverse of its distance from the grid node, squared. The choice of the exponent’s value determines the degree of localisation in gridding, with higher exponents leading to a more localised influence of distant points on the value assigned to each grid node. There was no grade capping applied in the IMI geological modelling. An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which quantity and grade (or quality) are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade (or quality) continuity. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to an Ore Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. FAR EAST GOLD ASX ANNOUNCEMENT 4 IDENBURG GOLD PROJECT ACQUISITION IDENBURG – INITIAL JORC RESOURCE SMGC created 3 geological models created for the Idenburg JORC resource estimate. The area covered by the 3 models are: 1) Sua: ~ 900 m x 960 m; 2) Bermol: ~ 1,240 m x 1,280 m; and 3) Mafi: ~ 500m x 460 m. The geological models for each mineral resource area are shown below. Sua Prospect The gold mineralisation occurs in a system of boudinage quartz veins with an NNE trend and moderate NNW dip, hosted by silica-sericite-chlorite-pyrite altered diorite. Calc-silicate veins occur peripheral to the mineralisation. The quartz veins vary in thickness from a few millimetres up to 3 metres. The quartz veining is associated with late-stage deformation and many local shears are mineralised with gold and sulphides. The IMI geologists have observed in the field and in the drill core that the gold mineralisation also tends to follow meta-lithological contacts, such as the transition zones between the different metamorphic grades. Gold mineralisation has been interpreted and modelled as a stacked quartz vein system that dips moderately at around 35 degrees towards the north. The vein system seems to be associated with the thrusting event and runs parallel to the thrusts as described above. A total of 21 wireframes were modelled by SMGC as representation of the known gold-bearing quartz veins at the Sua Prospect (Figure 3). The wireframes were extended beyond the drilling and trench information along strike and down dip. The extension distance was established largely on the expected continuity based on field mapping plus experience with similar style structures. The maximum distance that wireframes were extended was 50 metres beyond drillholes. Figure 3: Sua Mineralisation Wireframe Oblique View FAR EAST GOLD ASX ANNOUNCEMENT 5 IDENBURG GOLD PROJECT ACQUISITION IDENBURG – INITIAL JORC RESOURCE Bermol Prospect A well-mineralised quartz-sulphide vein zone has been mapped over 600 metres of strike length and over a width of 300 metres on the two main NS-trending ridges at Bermol. This is a single thrust plane that dips at less than 25 degrees to the west and appears to have multiple zones by virtue of both the topographic effect and faulting. Mineralisation is associated with quartz-pyrite-arsenopyrite "augen" veins hosted in a tightly constrained envelope of sheared quartz-chlorite-carbonate altered schists. This is reflected in the high As values in samples collected from Bermol, often exceeding 1%. Vein attitudes are predominantly conformable with schistosity and foliation trends. Gold mineralisation has been modelled as a single vein structure that has been downthrown by faulting towards the north on the western side of the river and outcrops at a higher elevation on the eastern side. This has resulted in 5 discrete vein models. There were 5 wireframes modelled as representation of the known gold bearing quartz veins at the Bermol Prospect. Figure 4: Bermol Mineralisation Wireframe Oblique View Mafi Prospect Gold mineralisation at Mafi occurs in the oxidised, silicified ultramafics in vuggy, brecciated sulphidequartz veins, which form a shallow (10º to 40º) west-dipping tabular zone. The description of the mineralisation suggests epithermal affinities. If the mineralisation coincides with a thrust, steeper feeder zones may be present either beneath the thrust, particularly if the mineralisation is restricted laterally. Outcropping mineralisation has been traced sporadically over a distance of 6 kilometres and possibly continues further south along the Mafi River Thrust Fault to Bermol, 15 kilometres to the south. FAR EAST GOLD ASX ANNOUNCEMENT 6 IDENBURG GOLD PROJECT ACQUISITION IDENBURG – INITIAL JORC RESOURCE SMGC created only one wireframe for the Mafi geological model (Figure 5). Twenty-three (23) boreholes were drilled, but only 12 holes intersected the wireframe. Figure 5: Cross Section of Mafi Borehole Sample Au Assays with Mineralization Wireframe Future Exploration As part of the mineral resource estimation SMGC also recommended a future work program to expand the areas of defined mineral resources at the Sua, Bermol and Mafi prospect areas and delineate additional resources in the other prospect areas identified. SMGC is of the opinion that future work programs should include: • A revised interpretation of remote-sensed imagery, incorporating new findings from prospect-level exploration, should facilitate vectoring towards potential extensions and/or new areas of mineralization in the Kali Kae, Tekai, Kimly, and North Bermol Prospects. • Infill and step-out drilling at Sua, Bermol, and Mafi: Infill drilling will provide better constraints on the initial Inferred Mineral Resource and test for potential steeper feeder structures beneath the thrust. Step-out drilling will confirm the along-strike continuity of the mineralization and validate the surrounding Gold Exploration Targets. • Future infill drilling campaigns should be accompanied by comprehensive metallurgical sampling at Sua, Bermol and Mafi, including the viability of recovering Pb, Zn and Cu sulphide mineralisation. • A review of pathfinder elements in drill core and soil databases to ascertain vectors to mineralisation for use in prospect-scale programs. • Application of detailed magnetic and IP dipole-dipole geophysics to existing prospects to better understand the structural controls and potential extensions to zones of known mineralisation. The Company is currently finalising a comprehensive exploration program to include the SMGC recommendations. FAR EAST GOLD ASX ANNOUNCEMENT 7 IDENBURG GOLD PROJECT ACQUISITION IDENBURG – INITIAL JORC RESOURCE COMPETENT PERSON’S STATEMENT The information in this report relates to the results of historical exploration within the Idenburg COW as compiled and reported by SMG Consultants in the report entitled ‘JORC Resource Report, PT Iriana Mutiara Idenburg, November 2024’. Excerpts from that report are included here-in in the form and context in which they were reported. Michael C Corey, who is a Member of the Association of Professional Geoscientists of Ontario, Canada has prepared this report summary. Michael Corey 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’. 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 8 APPENDIX 1 Significant Intersection Tables for Sua, Mafi and Bermol Prospect Areas 1. Significant Drill Hole Intercepts From the Second Drill Program at Sua (0.5 g/t Au Cut-Off, 41 g/t Au Top Cut, Maximum Internal Waste of 2m) Hole ID East (m) North (m) KSD011 447,227 9,593,775 KSD013 447,176 9,593,692 KSD014 446,969 9,593,650 KSD015 446,784 9,593,615 KSD016 447,271 9,593,839 RL (m) Azimuth (') 389 155 1,66 366 355 160 1,63 341 411 160 Dip (') -60 -57 -57.8 -60 -60 Depth (m) 160 98.2 98 120 136 Fro m KSD019 447,395 9,594,053 KSD021 447,169 9,593,778 Hole ID KSD022 East (m) North (rn) 447,122 9,593,700 163 406 150 401 160 -60 -60 -90 RL Azimuth Dip (m) n 386 305 n -90 97 119 Interval (m) Grade (git Au) 0.0 6.0 6.0 0.83 2m 24.0 3.0 5.91 38.0 45.0 7.0 0.96 52.0 53.0 1.0 0.67 63.0 64.0 1.0 3.43 75.0 76.0 1.0 1.96 94.0 95.0 1.0 1.74 0.0 7.0 7.0 3.:29 10.0 16.0 6.0 8.:22 4.0 5.0 1.0 0.51 1m 13.0 2.0 :2.:25 5m 52.0 1.0 2.37 70.0 74.0 4.0 0.71 15.0 16.0 1.0 0.54 22..0 24.0 2.0 :2.75 34.0 35.0 1.0 0.57 4m 42.0 1.0 1.88 33.0 40.0 7.0 0.73 46.0 47.0 1.0 0.70 66.0 67.0 1.0 0.70 70.0 71.0 1.0 0.60 78.0 79.0 1.0 0.91 12 7. 129.0 2.0 0.58 44.0 46.0 2.0 1,,06 68.0 69.0 1.0 2.18 84.0 87.0 3.0 0.96 4m 44.0 3.0 0.41 56.0 57.0 1.0 1.19 10.0 11.0 1.0 1.47 50.0 54.0 4.0 1.:24 75.0 78.0 3.0 9.56 Interval Grade (git Au) - KSD017 447,148 9,593,861 428 10 (m) 88 Depth From To (rn) (m) ,(m) 82-7 (rn) 0.0 17.0 17.0 2.88 35.0 43.0 8.0 1.43 47.0 48.0 1.0 0.95 70.0 71.0 1.0 3.35 Comments lncL2m@ 52.3 git Au from 13m lncL 1m@ 2a.,o git Au from 77m Comments Note: - lmiividua/ gold assays were cut to 41 gA Au for intercept calculations. All holes were dri/leri from the surface using conventional trip/e-/ube aiarmmri drilling techniques. Core recoveries exceeded 90% for ail mineralised intervals reporteri. 2. Significant Drill Hole Intercepts From the Drill Program at Mafi (0.5 g/t Au Cut- Off, 50 g/t Au Top Cut, Maximum Internal Waste of 2m) Hole ID East (m) North (m) RL Azimuth (·) Dip (·) Depth From (m) (m) To (m) Interval (m) 002MD00 461,033 9,597,594 254 224.9 -60 56.6 0.0 2.0 2.00 0.88 6.0 8.0 2.00 0.52 003MD00 461,035 9,597,596 254 44.9 -60 50.3 0.0 15.5 15.50 2.27 29.0 31.0 2.00 0.75 005MD00 460,962 9,597,662 282 44.9 -60 80.1 4.0 16.0 12.00 1.02 007MD00 461,036 9,597,733 282 115 -78 81.9 2.0 3.0 1.00 0.80 (m) 014MD00 461,007 9,597,651 283 4.9 -90 72.8 015MD00 461,008 9,597,652 283 49.9 -60 99.7 9,597,650 283 224.9 -60 63.0 016MD00 461,006 017MD00 461,009 9,597,648 283 134.9 -60 74.5 Grade Comments (git Au) 6.0 18.6 12.60 8.01 4.0 6.0 2.00 0.50 12.0 20.0 8.00 2.72 13.0 15.0 2.00 0.80 19.0 21.0 2.00 0.53 49.0 51.0 2.00 0.55 4.0 10.0 6.00 2.99 14.4 22.5 8.10 7.50 54.0 56.0 2.00 0.50 018MD00 461,034 9,597,597 254 314.9 -60 41.4 0.0 10.5 10.50 1.55 019MD00 461,034 9,597,596 254 4.9 -90 22.2 0.0 14.0 14.00 1.53 Incl. 1.25m @25.7 git Au from 15.75m Incl. 2m@ 6.96 git Au from 12m Incl. 2m@ 7.50 git Au from 6m Incl. 1.4m @ 16.3 git Au from 18m Note: - Individual gold assays were cut to 50 git Au for intercept calculations. - All holes were drilled from the surface using conventional triple-tube diamond drilling techniques. Core recoveries exceeded 90% for all mineralised intervals reported. Significant Drill Hole Intercepts From the Scout Drill Program at Bermol (0.5 g/t Au Cut- Off, 15 g/t Au Top Cut, Maximum Internal Waste of 2m) Far East Gold Limited 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 Drilling 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 • 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 precollar. • 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 down-hole lance to assist in orienting structures. Far East Gold Limited Criteria JORC Code explanation 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 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. 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. • 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. 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. • 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. Far East Gold Limited Criteria Verification of sampling and assaying 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. • 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. • Analysis by Sucofindo of replicate assays and duplicate pulp check assays indicate acceptable levels of accuracy and precision. • 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. • 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. • 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. • 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. Location of data points Data spacing and distribution Orientation of data in relation • 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. Far East Gold Limited 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 ai