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Highlights
- Far East Gold has concluded negotiations to increase its interest in the Woyla Project without agreement.
- The company will continue to hold a 51% stake in the Woyla project.
- No Feasibility Study has been commenced, and exploration activities are currently on hold.
Far East Gold Limited (ASX:FEG) has provided an update regarding its interest in the Woyla Project in Aceh, Indonesia, outlining changes to its ownership plans and future project activities.
Talks to Expand Ownership End Without Agreement
The company had been operating under a Conditional Share Purchase Agreement that outlined a pathway to increase its ownership in the Woyla Project to 80%, contingent on completing a Feasibility Study. In parallel, Far East Gold engaged in discussions with the project vendor to secure full ownership directly without undertaking the study. These negotiations have now ended without agreement on final terms.
Current Stake Remains Unchanged
Following the conclusion of discussions, the company will retain its existing 51% interest in the Woyla Project.
Far East Gold has confirmed that no Feasibility Study has been initiated. Additionally, exploration activities at the Woyla Project will not proceed at this stage, indicating a pause in development efforts.
Far East Gold’s latest update signals a temporary halt in efforts to expand its position in the Woyla Project, with the company maintaining its current stake while deferring further development and study-related activities.
FEG shares were trading at AUD 0.13 per share at the time of writing on 7 April 2026.
