Drilling Commenced at Mount Clark West Copper-Gold Project

This program marks the second phase of drilling at Mount Clark West and represents a significant advancement in FEG’s strategy to unlock the large-scale porphyry copper-gold potential of the project.

Program Highlights:

• Drilling Commenced 6 November 2025 with one rig now on site testing a new priority target defined from earlier program data.

• Historical Drill Program: The first program intersected 104 m @ 0.1 % Cu (incl. 14 m @ 0.23 % Cu) within altered volcanics which FEG has interpreted as the outer edge of a porphyry system.

• Refined Targeting: Integration of modern MIMDAS geophysics, geochemistry and structural mapping has defined a new higher-confidence target within the property, now accessible following completion of the CCA with landholders.

• Initial Program: Approximately 1,800m of combined RC and diamond drilling planned to test the core of the interpreted porphyry system.

• Strategic Access: The new CCA has opened ground previously restricted for exploration, allowing FEG to drill the most prospective zones identified to date.