Idenburg - Resource Expansion Drilling Begins

Far East Gold Limited (ASX:FEG) is pleased to announce that two diamond rigs are now operating at the Bermol prospect within the Company’s Idenburg Gold Project in Papua, Indonesia. The planned 36-hole, 3,670m drill program will focus on infill and resource expansion drilling within the Sua, Mafu and Bermol, prospects, and initial drilling at the Kwaplu prospect.

The campaign aims to build on FEG’s JORC-compliant inferred resource of 540,000oz gold @4.1 g/t au and validate the project’s Exploration Target of up to 7.2Moz at 6.1g/t Au.

HIGHLIGHTS:

· Drilling underway at Idenburg, with two rigs active at the Bermol prospect area. The program objective is to confirm the potential to expand the current inferred JORC resources (ASX announcement Nov. 14, 2024) by drilling within 4 priority prospect areas.

· Sua Prospect (5 holes, 1,120m): Focused on extending fault-hosted mineralisation intersected by historical drilling that included:

• 5m @ 21.8 g/t Au, including 3m @ 35.0 g/t Au from 107m (KSD008)

• 6m @ 8.22g/t Au, including 2m @ 52.3 g/t Au from 10m (KSD013)

• 3m @ 9.56 g/t Au, including 1m @ 23.0 g/t Au from 75m (KSD021)

· Mafi Prospect (7 holes, 500m): Focused on infill and possible feeder structures near historical intercepts that include:

• 12.6m @ 8.01 g/t Au, including 1.25m @ 25.7 g/t Au from 6m (014MD00)

• 8.1m @ 7.50 g/t Au, including 1.4m @ 16.3 g/t Au from 14.4m (017MD00)

• 6m @ 2.99 g/t Au, including 2m @ 7.50 g/t Au from 4m (017MD00)

· Bermol Prospect (12 holes, 1,050m): Testing along strike and at depth, targeting extensions of an interpreted quartz-sulphide bearing fault zone. Historical drill intercepts included:

• 5m @ 5.40 g/t Au from 17m (BRD001)

• 5m @ 4.15 g/t Au from 46m (BRD003)

· Kwaplu Prospect (12 holes, 1,000m): First-ever drill testing of a large area of anomalous gold-in-soil with peak concentrations of >1,200 ppb Au. Assays of quartz boulder samples collected from the area previously included: 182 g/t Au; 126 g/t Au; 269 g/t Au; 49.8 g/t Au.