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An update from Far East Gold Ltd ( (AU:FEG) ) is now available.
Far East Gold Ltd announced significant progress in its exploration activities for the quarter ending March 2025, with a focus on its Indonesian and Australian projects. Key developments include the arrival of a drill rig at the Idenburg site, the receipt of substantial investment from Xingye Gold Hong Kong Mining Company, and the initiation of a detailed structural evaluation at Idenburg. The company also reported a new discovery zone named ‘East Bermol’ and outlined plans for extensive drilling campaigns at both the Idenburg and Trenggalek projects. These efforts aim to expand the company’s gold resource base and advance its exploration initiatives, potentially enhancing its market position and stakeholder value.
More about Far East Gold Ltd
Far East Gold Ltd is involved in the exploration and development of mineral resources, focusing on gold and copper projects in Indonesia and Australia.
YTD Price Performance: -22.22%
Average Trading Volume: 129,505
Technical Sentiment Signal: Buy
Current Market Cap: A$51.38M
Learn more about FEG stock on TipRanks’ Stock Analysis page.