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Felix Gold Ltd. ( (AU:FXG) ) has shared an announcement.
Felix Gold has exercised its option to acquire 100% ownership of two upland mining leases and 25 mining claims at the Treasure Creek Project in Alaska’s Fairbanks Mining District, consolidating its status as the largest landholder in the region. The remaining US$1.4 million purchase price is due within 30 days, with additional milestone payments tied to future gold resource delineation.
The move follows confirmation that hand-sorted bulk ore from Treasure Creek exceeds U.S. military concentrate specifications for antimony and that ore-to-metal processing pathways have been demonstrated, supporting the project’s development potential. Management highlighted the strategic importance of securing outright ownership amid a lack of a domestic U.S. antimony supply chain and China’s export ban, framing Treasure Creek as a uniquely positioned high-grade source that could underpin near-term antimony production alongside ongoing gold exploration.
Felix now controls over 388,000 acres across Alaska’s most productive gold and critical minerals region, enhancing its operational flexibility and long-term project tenure. The company cautioned that it is still assessing the economic viability of antimony production, with no declared Mineral Resources or Ore Reserves for antimony and further technical, regulatory, and commercial work required before any formal production decision.
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. is an ASX-listed exploration company focused on gold and critical minerals, notably antimony, in Alaska’s Fairbanks Mining District. Its portfolio includes the Treasure Creek Project, which hosts an emerging antimony deposit and substantial JORC-inferred gold resources near existing processing infrastructure, positioning the company in a key North American mining region.
Average Trading Volume: 1,563,600
Technical Sentiment Signal: Sell
Current Market Cap: A$142.7M
For detailed information about FXG stock, go to TipRanks’ Stock Analysis page.