Idenburg JORC MRE Increases to 780,000 oz of Gold

HIGHLIGHTS:

·  Significant 44% increase in total JORC Inferred Mineral Resource Estimate to 780,000 ounces of gold — FEG's Idenburg Gold Project now hosts a total MRE of 7.8 million tonnes at 3.1 g/t gold, representing 780,000 oz gold (refer to Table 1), underlining the Project's substantial and growing resource base.

·   Resource estimates validate the Company's exploration strategy — resource estimates across all four prospects are consistent with the initial exploration targets set out in the SMG Consulting Exploration Target Report of June 2024, demonstrating the quality and reliability of FEG's geological model and the systematic execution of its exploration programme.

·  Scoping Study underway — project development pathway is now firmly in focus — FEG has engaged Mining One Consultants (Jakarta) to complete a Scoping Study evaluating the potential development of the Idenburg Gold Project's inferred resources. With continued exploration and targeted diamond drilling across the remaining 11 historical prospect areas, the Board is confident of delivering further material resource additions, with significant potential to grow the resource base well beyond its current scale.