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Highlights
- Far East Gold’s Idenburg project spans 95,280 hectares in a tier-1 gold-copper district in West Papua.
- Initial JORC resource outlines 540,000 oz gold @ 4.1 g/t and 468,000 oz silver @ 3.6 g/t.
- The 2025 drill campaign targets 36 holes (3,670m) across four key prospects.
- Exploration is designed to test Idenburg’s multi-million-ounce potential, with a target of up to 7.2Moz at grades up to 6.1 g/t Au.
Australia-based copper-gold explorer Far East Gold Limited (ASX:FEG) is making notable progress in aligning its exploration strategy with the ongoing strength in the global gold market. Gold has maintained strong momentum through the first half of 2025, posting over a 25% rise in US dollar terms. This surge has been driven by a weaker dollar, stagnant interest rates, and growing geopolitical and economic uncertainty. These conditions continue to reinforce gold's traditional role as a safe-haven asset.
Far East Gold holds six copper-gold projects in Australia and Indonesia, with the Idenburg Gold Project emerging as a potentially transformative asset.
Idenburg: A New Frontier in High-Grade Gold
The Idenburg Project, spanning 95,280 hectares in Indonesia’s West Papua Province, lies within a geologically prolific zone renowned for hosting multiple world-class copper and gold deposits. Far East Gold secured the rights to acquire up to 100% ownership of the project through a binding agreement with Indonesian firm PT Iriana Mutiara Idenburg in July 2024, formalised in October via a Conditional Share Purchase Agreement.
In November 2024, the company announced an initial JORC-compliant inferred mineral resource estimate of 540,000 ounces of gold at 4.1 g/t and 468,000 ounces of silver at 3.6 g/t, drawn from three key prospect areas, Sua, Bermol, and Mafi. These represent just a fraction of the 14 targets identified within the licence area.
2025 Drill Program at Idenburg
On 10 March 2025, Far East Gold announced that it had finalised its 2025 drill campaign for the high-priority Idenburg Gold Project. The program is strategically designed to build upon the company’s maiden JORC Resource and unlock further upside from both proven and untested zones within the project area.
A total of 32 diamond drill holes spanning 3,670 metres have been planned across four key prospects:
FEG Accelerates Exploration at Idenburg: Eyes Multi-Million-Ounce Potential
Far East Gold has set an ambitious exploration target of up to 7.2 million ounces of gold at grades reaching 6.1 g/t at Idenburg. In line with this goal, the company recently mobilised two diamond drill rigs at the Bermol prospect. The comprehensive 36-hole, 3,670-metre drill campaign is now underway, targeting infill and resource expansion at the Sua, Mafu, and Bermol prospects.
In addition, first-pass drilling at Kwaplu, a high-priority, untested target, seeks to unlock fresh discovery potential.
The program will also yield core composite samples for advanced metallurgical testing, crucial for progressing toward future development and resource classification upgrades.
Far East Gold’s CEO Shane Menere has affirmed the company’s readiness to execute its exploration strategy at Idenburg, backed by funding, experienced personnel, and a clear plan. Drilling will continue through 2025 as the company advances towards resource growth and feasibility.
FEG shares closed at AUD 0.18 with an uptick of around 3% on 22 July 2025.
