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Highlights
- Drilling at Sua confirmed high-grade gold continuity and zone extensions at depth and along strike.
- North Bermol drilling defined a broad, shallow-dipping gold-bearing shear zone near surface.
- Surface sampling returned high-grade gold results across multiple Idenburg prospects.
- PIPPIB approval granted over 9,000 hectares at the Idenburg Gold Project.
- Initial drilling commenced at Mount Clark West in Queensland.
Far East Gold Ltd (ASX:FEG) has reported a high-intensity quarter of exploration activity across its mineral portfolio for the period ended 31 December 2025. The company advanced drilling, mapping, structural targeting, and surface sampling programs, delivering new discoveries and expanded zones of gold mineralisation at the Idenburg Gold Project in West Papua, Indonesia. Concurrently, preparatory and early-stage drilling activities progressed across Australian assets in Queensland.
High-Grade Zones Extended
Sua Prospect Promising Early Results
Near-Surface Gold Discovery at North Bermol
At North Bermol, 18 drill holes for approximately 960 metres were completed by the end of the quarter. Drilling targeted a low-angle thrust fault and shear plane exhibiting intense ductile deformation, quartz veining, and pyrite mineralisation. Assay results indicate that higher gold grades correlate with increased pyrite abundance and deformation intensity.
The shear zone is interpreted as a shallow-dipping (approximately 15°) plane striking and dipping northeast. It has been intersected to a depth of about 43 metres, with an apparent true thickness ranging from 0.5 to 8 metres. Three-dimensional modelling suggests the structure extends at least 300 metres across strike and approximately 350 metres along strike, remaining open in both directions.
Bermol District Progress: Multiple Targets Emerging
As previously reported, 10 drill holes (BRD008–017) for 1,169.6 metres were completed at the main Bermol Prospect. Combined results from Bermol and North Bermol confirm the exploration and resource potential of the broader Bermol district.
Detailed field mapping and surface rock sampling conducted during the quarter identified multiple new zones of mineralised quartz veining associated with low-angle shear-fault systems. High-grade grab and outcrop samples returned values of up to 22.1 g/t Au and 11.8 g/t Ag across North Bermol, South Bermol, and Nova prospects.
Idenburg Project Overview and Regulatory Milestones
The Idenburg Gold Project is a 95,280-hectare Contract of Work (CoW) located in West Papua Province, Indonesia. Historical exploration expenditure exceeds US$25 million, including more than 5,531 metres of diamond drilling. Of 14 identified prospect areas, only five have been drill tested, with three hosting a JORC Inferred Mineral Resource of 540,000 ounces of gold at 4.1 g/t Au.
During the quarter, the Company received PIPPIB approval over approximately 9,000 hectares of the Idenburg Project. The reclassification to Production Forestry represents a key regulatory milestone, enabling progression toward environmental permitting, operational licensing, and future development.
Australian Project Updates
Queensland Activities: At the Blue Hill Creek Project, the Company undertook preparatory planning and field mapping activities, with no exploration work completed during the quarter.
At the Mount Clark West Project, a landowner compensation agreement was executed, enabling drilling to commence. One hole (MCDD07) was completed to a depth of 571.1 metres, intersecting a well-developed hydrothermal system with propylitic, phyllic, and silicified alteration, including pyrite and minor chalcopyrite. A second hole (MCDD06) was partially completed before the wet season, with drilling planned to resume in the coming field season.
Far East Gold’s December quarter achievements underscore the exploration potential across both its Indonesian and Australian assets. With new high-grade discoveries at Idenburg and North Bermol, multiple emerging targets in the Bermol district, and early-stage drilling progress in Queensland, the Company is well-positioned to advance its resource definition and development plans. Continued drilling, mapping, and permitting activities are expected to further unlock value and strengthen FEG’s position as a gold explorer in the region.
FEG traded at AUD 0.175 on 29 January 2026.
