Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Felix Gold Ltd. ( (AU:FXG) ) has issued an announcement.
Felix Gold Limited has announced successful metallurgical test results from its Treasure Creek Project in Alaska, indicating the potential for high-grade antimony concentrate production. The results show concentrate grades of up to 69% antimony with recoveries exceeding 85%, positioning Felix Gold to produce military-grade products. This development aligns with strategic priorities for U.S.-sourced critical minerals, supported by favorable market conditions, including high antimony prices and a global supply deficit. The company aims to commence production by late 2025, pending feasibility studies and regulatory approvals.
More about Felix Gold Ltd.
Felix Gold Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction of antimony, a critical mineral with applications in various industries, including defense. Felix Gold’s operations are centered around the Treasure Creek Project in Alaska, which benefits from established infrastructure and proximity to Fairbanks.
Average Trading Volume: 1,743,301
Technical Sentiment Signal: Buy
Current Market Cap: A$53.42M
Find detailed analytics on FXG stock on TipRanks’ Stock Analysis page.