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Highlights
- Far East Gold has received environmental approval from the Indonesian government for advanced exploration activities at the Idenburg Gold Project.
- The approval covers 8,950 hectares within the project’s core development corridor, allowing the company to expand drilling and exploration programs.
- The environmental clearance represents a regulatory step toward operational licensing and potential future mine development at the project.
Far East Gold Limited (ASX:FEG) has received environmental approval for advanced exploration activities at its Idenburg Gold Project in Indonesia. The approval, granted on 11 March 2026 by the Minister of Environment and Forestry of the Republic of Indonesia, covers exploration activities across 8,950 hectares within the project’s core development corridor and allows the company to accelerate drilling programs across the area.
Environmental Approval Granted
The environmental approval relates to the Upaya Pengelolaan Lingkungan – Upaya Pemantauan Lingkungan (UKL-UPL) of the company’s planned environmental management and monitoring efforts. The approval removes a regulatory hurdle and allows the company to expand drilling across its priority exploration corridor. Notably, it is the first time the Indonesian government has authorised such activities in this prospective area.
The environmental approval for advanced exploration enables the company to proceed toward operational licensing and potential future mine development.
Next Steps in Permitting
Alongside the UKL-UPL approval, the company is also progressing forestry permits required for exploration activities. It submitted an application for a Governor Recommendation in December 2025, which is required before applying for the Persetujuan Penggunaan Kawasan Hutan (PPKH), also known as the “Borrow-Use” permit, from the Ministry of Environment and Forestry. Once this regional recommendation is secured, the company will be able to formally apply for the PPKH permit, allowing it to continue advancing development plans at the Idenburg project.
Idenburg Project Overview
The Idenburg Project covers approximately 95,280 hectares and is located in the same province as several major gold and copper deposits, including the Grasberg Mine, the Porgera Gold Mine, the Frieda River Project and the Ok Tedi Mine.
The project hosts a 2012 JORC 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, derived from three of the 29 prospects identified across the tenement. Exploration work has also identified 14 high-priority structural targets based on satellite imagery.
Drilling activities are continuing at the Sua prospect, where the company is undertaking a resource expansion program. Consulting firm SMG has been engaged to update the existing mineral resource estimate using results from recent drill holes completed at the prospect.
The environmental approval for advanced exploration activities provides regulatory clearance for expanded work programs within the Idenburg Project’s core development corridor. With drilling continuing at the Sua prospect and additional permitting processes underway, Far East Gold is progressing exploration activities across its Indonesian gold project portfolio.
FEG shares were trading 3.70% higher at AUD 0.14 per share at the time of writing on 17 March 2026.
