Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Far East Gold Ltd ( (AU:FEG) ) has shared an announcement.
Far East Gold Ltd has made significant progress in its mining projects over the past year, securing a strategic investment of approximately A$14.7 million from Xingye Gold, a major Chinese mining company. This investment underscores confidence in Far East Gold’s strategy and projects. Key developments include the commencement of drilling at the Idenburg Gold Project in Papua, infrastructure upgrades at the Woyla Gold Project in Aceh, and preparation for extensive drilling programs at the Trenggalek and Wonogiri projects in Java. Additionally, the company increased its ownership to 90% in its Queensland projects in Australia, with plans for further exploration and drilling activities. These advancements position Far East Gold for potential growth and enhanced stakeholder value.
More about Far East Gold Ltd
Far East Gold Ltd operates in the mining industry, focusing on copper and gold projects primarily located in Indonesia and Australia. The company is committed to securing strategic investments, advancing exploration programs, and engaging with communities to create long-term value.
Average Trading Volume: 178,721
Technical Sentiment Signal: Sell
Current Market Cap: A$53.22M
Find detailed analytics on FEG stock on TipRanks’ Stock Analysis page.