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Felix Gold Ltd. ( (AU:FXG) ) has issued an update.
Felix Gold has reported metallurgical testwork showing that hand-sorted stibnite ore from its Treasure Creek Antimony Project meets and exceeds U.S. military concentrate specifications as direct shipping ore. The company says this high ore quality underpins simplified processing flowsheets, either via direct smelting or hydrometallurgical leach and electrowinning, with test programs delivering high recoveries and confirming ore-to-metal pathways.
Field trials, laboratory work and university electrowinning tests collectively demonstrate that untreated ore can be converted directly to antimony metal, with up to 98% extraction in leach tests and about 99% recovery under certain grind conditions. Engineering group Worley has also completed a U.S. processing site selection and toll treatment assessment, supporting Felix Gold’s evaluation of multiple processing routes in a market where the U.S. currently lacks an integrated domestic antimony supply chain.
Felix Gold emphasises that the combination of selective mining of high-grade ore, simpler processing and a small project footprint could reduce development complexity and timelines. However, the company cautions that no mineral resources or ore reserves have yet been declared and that progression toward production remains subject to further studies, permitting and board approvals, with the tested bulk sample drawn from a high-grade zone that may not represent average deposit grades.
The most recent analyst rating on (AU:FXG) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Felix Gold Ltd. stock, see the AU:FXG Stock Forecast page.
More about Felix Gold Ltd.
Felix Gold Ltd., listed on the ASX, is a resources company focused on developing the Treasure Creek Antimony Project in the U.S., targeting critical mineral supply chains. The company is positioning itself to produce high-grade antimony ore and metal, aiming to support U.S. domestic demand, particularly for strategic and military-grade applications.
Average Trading Volume: 1,570,183
Technical Sentiment Signal: Sell
Current Market Cap: A$118.1M
Learn more about FXG stock on TipRanks’ Stock Analysis page.