Far East Gold Ltd (AU:FEG) has released an update.
Far East Gold Ltd has signed a Conditional Share Purchase Agreement to acquire the Idenburg Gold Project, advancing their position in the gold market with a potential 100% ownership of a high-grade mining area in Indonesia. The project promises great infrastructure, high recovery rates, and is supported by a strong partnership with Xingye Group. With historical exploration results showing significant gold intercepts, the acquisition is set to bolster Far East Gold’s portfolio and capitalize on favorable gold market conditions.
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