Far East Gold (ASX:FEG) Expands Sua Drilling After High-Grade Gold Intersections

Highlights

• Far East Gold’s board has approved a five-hole drill program extension at the Sua Prospect following high-grade assay results.
• The extension comprises five step-out diamond drill holes for approximately 1,360m.
• The extension program will target down-dip and along-strike continuity within the existing gold mineralised system.
• The first extension hole will be drilled from an existing pad, enabling drilling to begin promptly following operational approvals.
• Recent drilling of 10 holes for 1,836m confirmed high-grade gold mineralisation in the first four holes.

Far East Gold Limited (ASX:FEG) has approved a targeted extension to its ongoing diamond drilling program at the Sua Prospect, located within the Idenburg Gold Project in Papua Province, Indonesia. The decision follows the completion of the initial 10-hole drill program and the receipt of high-grade assay results from the first four holes.

For further details on recent assay results, read Far East Gold (ASX:FEG): Latest Assays Confirm High-Grade Gold Extensions at Sua

The approved extension comprises five additional step-out diamond drill holes for nearly 1,360m. These holes are designed to test down-dip and along-strike extensions of high-grade gold zones intersected in holes KSD026 and KSD023.

Extension Program Details  

The extension includes five priority drill holes (PKSD011–PKSD015), each designed as approximately 100-metre down-dip step-outs beneath recent FEG drill holes.

Data source: Company update. Image source: © 2025 Krish Capital Pty. Ltd.

The first extension hole is planned from an existing drill pad, allowing drilling to commence promptly once operational approvals are finalised.

Historic Drilling Provides Foundation

The Sua Prospect benefits from a substantial historic drilling dataset. Two phases of diamond drilling completed in 2005 and 2006 comprised 22 holes for 2,629m, intersecting gold mineralisation in 19 holes. Historic intercepts comprised multiple high-grade intervals, including-

• 5m @ 13.6 g/t Au from 21m (KSD002)
• 0m @ 35.0 g/t Au from 107m (KSD008)
• 16m @ 8.49 g/t Au from surface including 1m @ 105 g/t Au (KSD013)

Preliminary metallurgical test work conducted on drill core composites and surface samples indicated that 50–60% of gold is recoverable by gravity, with CIL/RIL recoveries exceeding 90%. The company stated that the results suggest that the mineralisation is responsive to conventional processing methods. 

Recent Drilling Confirms High-Grade Potential

The company recently completed 10 diamond drill holes at Sua for 1,836m. Assay results from the first four holes (KSD023–KSD026) intersected high-grade gold mineralisation, including previously reported bonanza-grade intervals.

These results demonstrated that the zones remain open at depth and along strike. Assays from the remaining six holes are pending and will be reported once received and interpreted.

Geological Setting and Mineralisation Style

Gold mineralisation at Sua is hosted within a system of stacked, north-northeast trending quartz veins dipping approximately 35 degrees to the north. The veins occur within the Sua–Afley shear zone and are developed in altered diorite and associated meta-sedimentary rocks. Mineralisation remains open along strike and down-dip beneath both historic and recent drilling.

Next Steps at Idenburg Project

FEG will continue to report assay results from the remaining holes of the initial program, commence drilling of the approved extension, and advance detailed geological mapping and structural interpretation along the Sua–Afley shear zone.

New data will be incorporated into the existing resource model to assess potential implications for future resource growth and classification updates at Sua and other prospects within the Idenburg Gold Project.

FEG shares traded at AUD 0.15 per share on 16 December 2025.