Idenburg Surface Sampling & Project Update
Released
Released
Announcement PDF
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ASX ANNOUNCEMENT
19 JUNE 2026
FAR EAST GOLD ASX ANNOUNCEMENT
High-Grade Gold Mineralisation Found
Along Trend of the Sua Prospect & Project
Update
Far East Gold Limited (“FEG” or “the Company”) is pleased to report that recent detailed
geological mapping at the Kwaplu and Sikrima prospects has identified additional gold-bearing
rock boulders returning high-grade gold assays. Significantly, FEG geologists mapped the
same distinctive geology and style of gold mineralisation previously observed during
mapping of the Company’s high-grade Sua prospect — the same geological setting that
hosts the growing Sua gold resource. The style and type of mineralisation logged at Kwaplu
and Sikrima is consistent with that intersected in drilling at the Sua prospect, reinforcing the
prospectivity of the broader corridor.
These results add to FEG’s growing confidence that the high-grade gold-bearing shear / vein
system recognised at Sua has potential of extending along the approximate 3km structural
corridor that links the Sikrima and Sua prospects (Figure 1).
As demonstrated by ongoing drilling at the Sua prospect, zones of high-grade gold
mineralisation can occur both along strike and down-dip of lower-grade mineralisation,
highlighting the potential of this underexplored corridor and the need to thoroughly drill test
defined mineralised zones.
Detailed mapping will continue with the objective of defining priority targets to drill test.
KEY RESULTS
Kwaplu Prospect
• Surface boulder grab samples returned assays:
- 45.62 g/t Au with 52 g/t Ag
- 23.60 g/t Au with 10.8 g/t Ag
- 21.45 g/t Au with 2.5 g/t Ag
Sikrima Prospect – The samples are consistent in rock type and reported gold
assays with historical assay results reported from surface rock assays in the Sikrima
prospect area (See ASX Announcement dated 16 December 2025) .
• Surface boulder grab sample returned assays:
- 16.07 g/t Au
- 11.65 g/t Au
- 7.39 g/t Au
Samples were collected from within zones of interpreted shear and thrust faults supported by
high-grade gold assays reported from historical exploration, indicating gold-mineralised
fault / shear structures occur over an extended distance and underscoring the strong
potential for additional gold discoveries through continued drill testing. See Figures 2 and 3.
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IDENBURG – HIGH GRADE GOLD MINERALISATION & PROJECT UPDATE
Figure 1: Map showing prospect and resource areas within the Idenburg COW tenement. The areas of announced
PIPPIB forest reclassification are also indicated. Refer to ASX announcement of Nov. 4, 2025. Recent mapping
was completed in the Sikrima and Kwaplu prospect area. Rock samples represent grab samples from boulders
collected in the field. See Figures 2 and 3. See Table 3 for details of the JORC 2012 inferred mineral resource
estimate for Idenburg.
Project Development Update
In addition to the UKL-UPL environment approval FEG secured for the Idenburg Project (see
ASX Announcement dated 17 March 2026), the Company is pleased to announce that it has
recently received the Governor Recommendation approval for the project in relation to its
application made on 15 December 2025. The Governor’s Recommendation is a mandatory
prerequisite to formally apply for the Persetujuan Penggunaan Kawasan Hutan (PPKH) (or
"Borrow-Use") for the approved area contained in the UKL-UPL with the Indonesian Ministry
of Environment and Forestry. Securing this regional endorsement is the final step required to
lodge the PPKH and will allow the Company to continue its pathway to development of the
Idenburg project.
In parallel with its exploration activities, the Company has commenced work associated with
the Indonesian Feasibility Study ("FS") for the Idenburg Project, which forms a key component
of the pathway to increasing FEG's ownership interest in PT Iriana Mutiara Idenburg from 51%
to 80%. These workstreams include resource definition and conversion activities, LiDAR
survey acquisition to support geological modelling and mine planning, geotechnical and
hydrological investigations, environmental and permitting activities, civil and infrastructure
studies, together with ongoing metallurgical optimisation and mine design work.
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The forthcoming Scoping Study, which is expected to be finalised shortly, will provide the
foundation for a number of ongoing and further feasibility study workstreams.
The Company believes these programs will assist in increasing geological confidence within
portions of the current Mineral Resource, support future conversion of Inferred Resources into
higher confidence categories and provide key technical inputs required for completion of the
Indonesian FS. FEG's objective remains to continue advancing these workstreams through
calendar year 2026 and satisfy the requirements associated with increasing its ownership
interest in the Idenburg Project to 80%.
Completion of the Indonesian Feasibility Study is expected to support progression of the
Idenburg Contract of Work through its current stage of project development, subject to the
relevant regulatory approvals.
Results of Detailed Mapping
The Company has maintained a program of detailed geological mapping and surface rock
sampling over select areas within the Idenburg property area. This work builds on the review
and assessment of historical exploration at Idenburg prepared by SMGC and discussed in
their Independent Exploration Target Report for the Idenburg Property released by the
Company in ASX announcement of August 21, 2024. The Sua prospect has been the primary
focus of recent exploration efforts and has resulted in a significant expansion of the JORC
2012 Mineral Resource Estimate at Sua from 296,000 ounces of gold estimated in 2024 to
514,000 ounces as reported in the ASX announcement of May 5, 2026. See Appendix 1. The
interpreted structural corridor from Sua trending west to Sikrima has been lightly explored and
these new assay results indicate that further exploration is warranted.
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IDENBURG – HIGH GRADE GOLD MINERALISATION & PROJECT UPDATE
Figure 2: ABOVE) Map showing the Sikrima to Kwaplu / Bermol district prospect areas and the location of recent
surface rock samples with gold (Au) assay results. See Appendix 1, Table 1 for the location and assay details of
samples shown. Locations of completed historical drill holes are also shown. BELOW) Cross-section (looking NE)
along plane of historical drill hole SKD002. Shows new reported sample assay (BF001217) and also assays
reported from historical exploration. Coordinates are referenced to WGS84 UTM Zone 54 South.
The Sikrima drillhole cross section shown in Figure 2 shows the historical hole SKD002 and
assays from a reported drilled intersection. The section also shows the occurrence of several
very high-grade surface rock sample assays as reported in historical exploration reports. The
results of historical exploration within the Sikrima project are summarised by SMGC in their
Independent Exploration Target Report for the Idenburg Property which was released by the
Company in ASX announcement of August 21, 2024. The much lower grade of (hypogene)
gold intersected in the drillhole beneath the very high-grade surface rock assays would infer
that supergene alteration was responsible for highly localized zones of secondary gold
enrichment in rock near surface. And while this might have had some role to play it is apparent
in Figure 3 that high grades of gold reported in the rock sample here-in show relatively low to
moderate supergene affects. Furthermore, the occurrence of the rock boulder (BF001217)
upslope of the drillhole suggests that there may be additional zones of higher grade gold
mineralisation within as yet untested shear and fault-related structures within the Sikrima and
also perhaps the Selia prospect areas (Figure 2).
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IDENBURG – HIGH GRADE GOLD MINERALISATION & PROJECT UPDATE
Figure 3: Photos of rock samples collected and assayed from the Sikrima prospect area. Please refer to Table 1
for assay details and Figure 2 for sample locations.
In contrast to the Sikrima surface rock samples, those from the Kwaplu prospect area show
intense oxidation and thus supergene enrichment might have had a greater role in producing
some of the higher grade gold assays reported. However, there does appear to be a different
style of mineralisation at Kwaplu as inferred from the much higher Ag concentrations, which
are also much higher than seen within gold-bearing zones at Sua. This may perhaps reflect a
different level of erosion between the 3 prospect areas.
Figure 4: Photos of rock samples collected and assayed from the Kwaplu prospect area. Please refer to Table 1
and Figure 2 for assay details and sample locations.
The Company will continue with the current detailed mapping and surface rock sampling to
identify new zones of gold mineralisation within the Idenburg prospect areas. Drill targets will
be defined and priority targets will be tested as part of the current Phase 1 scout drill program.
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IDENBURG – HIGH GRADE GOLD MINERALISATION & PROJECT UPDATE
Idenburg Mineral Resource Estimate
The Company confirms that it is not aware of any new information or data that materially
affects the information included in the 5 May 2026 (Idenburg JORC MRE increases to 780,000
oz of Gold) Idenburg Mineral Resource estimate and all material assumptions and technical
parameters underpinning the estimate continue to apply and have not materially changed
when referring to its resource announcement made on 5 May 2026. The Company confirms
that the form and context in which the Competent Person’s findings are presented and have
not been materially modified from the original market announcement.
Table 3: 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. The resource tonnages are estimated
based on a specific gravity of 2.8 t/m3. Gold recovery of 90% was based on historical preliminary metallurgical
testing completed on Sua drill core composites.
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).
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.
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IDENBURG – HIGH GRADE GOLD MINERALISATION & PROJECT UPDATE
APPENDIX 1
Table 1: Sample locations and assay results for samples shown in Figures 2 and 3. Coordinates are referenced to
WGS84 UTM Zone 54 South.
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COMPETENT PERSON’S STATEMENT
The information in this announcement that relates to exploration results (including JORC Tables) is
based on and fairly represents information and supporting documentation prepared, reviewed and
approved by Mr Michael C Corey, a competent person who is a member of the Association of
Professional Geoscientists of Ontario (APGO), Canada. Mr Michael C Corey is employed on a
consulting basis by Far East Gold Limited as the General Manager of Exploration. Mr Michael C Corey
has sufficient experience which is relevant to the style of mineralization and type of deposits under
consideration and to the activity being undertaken to qualify as a Competent Person as defined in the
2012 edition of the JORC Code. Mr Michael C Corey has provided his prior written consent as to the
form and context in which the exploration results and the supporting information are presented in this
announcement.
All information compiled and referenced herein has been previously announced on the ASX and the
statements included fairly represent a summary of the supporting information and documentation. The
information referenced in this announcement that is based on the results and interpretation of historical
exploration within the Idenburg COW was compiled and reported by SMG Consultants in the reports
entitled: ‘PT Iriana Mutiara Idenburg Exploration Target Report June 2024’ and ‘JORC Resource
Report, PT Iriana Mutiara Idenburg, March 2026’. The Company confirms that it is not aware of any
information or data that materially affects the information included in the market announcements, and
that all material assumptions and technical parameters underpinning the announcements continue to
apply. The Company confirms that the form and context in which the Competent Person’s findings are
presented have not been materially modified from the original market announcements.
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
CEO.
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:
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COMPANY ENQUIRIES
Justin Werner
Chairman
Shane Menere
Chief Executive Officer
Tim Young
Investor Relations & Capital
Markets
e: justin.werner@fareast.gold e: shane.menere@fareast.gold
m: + 61 406 189 672
+ 62 811 860 8378
e: tim.young@fareast.gold
m: + 61 484 247 771
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IDENBURG – HIGH GRADE GOLD MINERALISATION & PROJECT UPDATE
JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data (Criteria in this section apply to all
succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling techniques 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 rock samples were collected by a Company
geologist who collected pertinent geological data
and site survey coordinates using a hand-help
Garmin GPS. Grab samples were collected from
sites of specific interest and visible sulphide
mineralisation. Chip samples were collected
across the area to be sampled and were taken to
be as representative as possible. Each sample
site was photographed. All sample preparation
and assays were undertaken by the independent
Geoservices Laboratory in Jakarta, Indonesia.
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
Geoservices 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 Geoservices 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).
Not Applicable
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.
All historical drill holes were drilled from the
surface using conventional triple-tube diamond
drilling techniques. Core recoveries exceeded
90% for all mineralised intervals reported. All
results from the historical drill programmes have
been reported in the Company and Independent
reports referenced in this announcement.
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.
Not Applicable
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.
Approximately 1.5-2.5kg of rock was collected
from each sample site. The analytical methods
selected are deemed appropriate for the level of
analytical accuracy required at this early stage of
exploration. The objective of the sampling was to
determine if significant Au-Ag and associated
elements mineralization is present. Rock
samples were bagged and tagged with unique
numbered assay tags inserted into each sample.
The samples were delivered via commercial
carrier to Pt. Geoservices Geoassay Mineral
Laboratory located in Cikarang, Bekasi, West
Java, Indonesia. The samples were oven dried at
105ºC, weighed then jaw crushed to 70% less
than 2mm, riffle split to obtain 250g, that was
then pulverized to >85% passing 75 microns.
Two splits were taken from this product, one for
analysis the other for QAQC. Each sample was
analyzed for gold using FAA30 fire assay method
using a 30g charge with an AAS finish. Samples
containing >50 g/t (ppm) Au were further
assayed using the FAGRAV gravimetric method.
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IDENBURG – HIGH GRADE GOLD MINERALISATION & PROJECT UPDATE
Criteria JORC Code explanation Commentary
Ag, base metals and a suite of other elements
were estimated by method GA102- ICP, which
used an aqua regia digest with ICP- OES finish.
Samples containing >100ppm Ag were further
assayed using GOA-02 method which was an
aqua regia ore grade digest with an AA finish. A
single OREAS certified reference material and a
blank sample were inserted at the rate of 1 each
per 25 samples. for QAQC purpose. The sample
preparation completed at Pt.Geoservices prior to
analysis is deemed appropriate for the surface
rock collected. Select high grade Au samples will
also be analysed using a screen fire assay
technique to determine if any coarse Au (+200
mesh) occurs.
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 – Geoservices Laboratory, Jakarta,
Indonesia. QA/QC duplicate and replicate
sampling only conducted within the Jakarta
Geoservices Laboratory.
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 Geoservices of replicate assays and
duplicate pulp check assays indicate acceptable
levels of accuracy and precision.
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.
Assay data is entered into Excel and Access
databases directly from final laboratory assay
reports and delivered electronically in pdf and
Excel format. Database verified by IMI
exploration supervisor and JV funding Chief
Geologist. Data stored in a company server
located in Jakarta, Indonesia.
Location of data
points
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.
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. All collected
samples were referenced to the grid system
using a handheld Garmin GPS.
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.
Individual samples were collected at selected
locations. The sampling was done to be as
representative as possible given the exposure
samples. Samples were not composited for
analysis.
Orientation of data in
relation to geological
structure
Whether the orientation of sampling achieves
unbiased sampling of possible structures and the
extent to which this is known, considering the deposit
type.
The type and orientation of structural features if
present were noted by the field geologist at each
sample location
Relationship 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.
Not Applicable.
Sample security The measures taken to ensure sample security. All 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 Geoservices Laboratory in Jakarta,
Indonesia. All sample preparation and assaying
were undertaken at the independent,
internationally recognised, Geoservices
Laboratory, Jakarta, Indonesia. Pulps and coarse
rejects were stored at the Geoservices
Laboratory, Jakarta.
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Criteria JORC Code explanation Commentary
Audits or reviews The results of any audits or reviews of sampling
techniques and data.
No independent audits have been undertaken by
the Company. Sampling procedures and data
collection are frequently reviewed particularly
during regular site visits and during Company
operating committee meetings.
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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 phase of the
COW is valid up to the 26th of October 2027.
Exploration done by
other parties
Acknowledgment and appraisal of exploration by other
parties.
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.
Geology Deposit type, geological setting and style of
mineralisation.
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:
Not Applicable
Easting and Northing of the drill hole collar 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.
Data aggregation
methods
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.
For the reporting of field samples assays the
results are reported as received. No additional
statistical assessment or modification of the
results was done. No metal equivalent values
considered.
Relationship between
mineralisation widths
and intercept lengths
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
Not Applicable
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Criteria JORC Code explanation Commentary
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’).
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.
All maps, tables, and diagrams are identified in
the Table of Contents of this report under the
headings “Tables”, “Figures”
Balanced reporting Where comprehensive reporting of all Exploration
Results is not practicable
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