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Highlights
- At the Idenburg Gold Project, drilling at Bermol and North Bermol confirmed gold mineralisation and indicated extensions along strike and at depth.
- The Sua prospect delivered multiple high-grade gold intercepts, with recent drillholes intersecting mineralised quartz–sulphide veins, including occurrences of visible gold.
- Additional drilling has extended mineralisation both along strike and down-dip, supporting potential resource updates.
- Structural interpretation identified 14 new priority exploration targets at Idenburg, with follow-up work confirming mineralisation.
- At the Mount Clark West project in Queensland, drilling resumed after weather-related delays.
Far East Gold Limited (ASX:FEG) has reported a series of exploration activities and drilling results across its key projects in its latest half-year report for the period ended 31 December 2025, along with updates from subsequent months. The company’s activities have focused on advancing resource definition and testing new targets, primarily at the Idenburg Gold Project in Papua, Indonesia, alongside developments at the Mount Clark West project in Queensland, Australia.
Exploration Progress at Idenburg Project
During the reported period, initial drilling, including 10 diamond drillholes covering approximately 1,169.6 metres was conducted at the Bermol prospect, with results confirming gold mineralisation in shear zones and quartz veins at depth. The results indicated potential to extend mineralised structures to the south of the current system.
At the North Bermol prospect, surface mapping led to the identification of a new gold mineralised zone, located about 1.5km northwest of Bermol. Drilling at this location tested a low-angle thrust fault system, with modelling indicating continuity of the shear plane over several hundred metres. Know more.
Sua Prospect Delivers High-Grade Intercepts
The Sua prospect has emerged as a key focus area, with more than 30 individual shear zones identified hosting gold-bearing quartz veins. Drilling results highlighted the high-grade potential of the shear zone along with the presence of rare coarse visible gold.
Notably, all five diamond drillholes reported till 12 January 2026 (KSD023–KSD027), have intersected high-grade gold within multiple stacked quartz–sulphide veins. Also read: High-Grade Gold Continuity at Idenburg’s Sua Prospect
In March 2026, additional drilling results from holes KSD028 to KSD035 extended mineralisation further along strike to the northeast and 100m down-dip. These findings will contribute to an updated mineral resource estimate, incorporating recent drilling data from the Sua prospect.
The company is finalising plans to commence next stage of drilling at the prospect.
Mount Clark West Drilling Activities Resume
In Australia, the company advanced its Mount Clark West copper-gold project in Queensland. Following the execution of a Conduct and Compensation Agreement, drilling activities commenced in November 2025 as part of a planned multi-hole program.
Operations experienced temporary delays due to seasonal rainfall but resumed in February 2026. The current program is designed to test geophysical targets at depth, with assay results pending.
Regulatory Milestones and Target Expansion
During the six months period ended 31 December 2025, the company also completed a structural interpretation across the Idenburg tenement, identifying 14 new priority exploration targets. Follow-up surface work has confirmed mineralisation at several of these locations, with drilling targets under development.
In March 2026, the Idenburg project received environmental approval for advanced exploration activities across over 8,950 hectares. This approval allows the company to proceed with expanded drilling programs within key target areas.
Far East Gold’s recent activities reflect continued exploration across its core assets in Indonesia and Australia. Drilling results from multiple prospects have expanded known mineralisation zones, while regulatory approvals and operational progress support ongoing exploration programs. The company is advancing further drilling and resource updates as work continues across its project portfolio.
FEG shares traded at AUD 0.115 on 23 March 2026.
