tiprankstipranks
Trending News
More News >
Far East Gold Ltd (AU:FEG)
ASX:FEG
US Market

Far East Gold Ltd (FEG) AI Stock Analysis

Compare
8 Followers

Top Page

AU:FEG

Far East Gold Ltd

(Sydney:FEG)

Select Model
Select Model
Select Model
Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
AU$0.16
▼(-1.25% Downside)
The score is primarily weighed down by weak financial performance—no revenue, persistent and widening losses, and increasing cash burn—despite low leverage. Technicals are neutral-to-slightly constructive versus longer-term averages, but valuation remains constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Conservative leverage
Very low debt-to-equity reduces near‑term solvency risk and lowers fixed financing obligations, giving management durable flexibility to sequence exploration and development spending. This capital structure supports project advancement without immediate pressure from debt covenants or interest burden.
Growing asset base
Substantial asset and equity growth since 2021 strengthens the balance sheet and enhances funding optionality. A larger asset base improves the company's ability to secure joint ventures, attract capital or provide collateral, supporting multi‑month to multi‑year project progression.
Clear exploration-to-development model
A focused exploration and project‑advancement business model is structurally sound for precious metals: discovery, resource definition and de‑risking create clear pathways to development. If execution succeeds, this converts exploration upside into long‑lived mining cash flows and value realization.
Negative Factors
No revenue base
Zero reported revenue from 2021–2025 means the company lacks operating income to fund activities or demonstrate commercial traction. Persistent absence of top‑line cash generation forces reliance on external capital, preventing sustainable margins and profitability until production or asset sales occur.
Persistent negative cash flow
Operating cash flow outflows each year and a larger burn in 2025 signal ongoing negative cash generation and uneven spending discipline. This creates continual financing needs, heightens dilution risk, and constrains the company's ability to self‑fund exploration or advance projects without costly external capital.
Widening losses and weak cost control
Net losses expanding sharply in 2025 reflect heavier spend and weaker cost control, eroding equity and investor returns. Escalating deficits increase future funding requirements, amplify dilution risk and jeopardize long‑term shareholder value unless spending is reined in or revenue/proceeds materialize.

Far East Gold Ltd (FEG) vs. iShares MSCI Australia ETF (EWA)

Far East Gold Ltd Business Overview & Revenue Model

Company DescriptionFar East Gold Ltd engages in acquiring, exploring, evaluating, and developing mineral resource projects in Australia and Indonesia. It explores for gold and copper deposits. The company's project portfolio is the Trenggalek copper gold project covering an area of 12,813 ha located in East Java; the Wonogiri copper gold project covering an area of 3,928 ha located in Central Java, Indonesia; and the Woyla copper gold project covering an area of 24,260 ha located in Aceh, Indonesia. In addition, it holds interests in the Hill212 gold project covering an area of 1,920 ha; and the Blue Grass Creek gold project covering an area of 2,240 ha located in Drummond Basin, Queensland. The company also holds interest in the Mount Clark West copper gold project covering an area of 1,912 ha located in Connors Arc, Queensland. Far East Gold Ltd was incorporated in 2020 and is headquartered in Brisbane, Australia.
How the Company Makes MoneyFar East Gold Ltd generates revenue primarily through the exploration and development of mineral resources, specifically gold and copper. The company's key revenue streams include the sale of exploration rights and the eventual extraction and sale of mineral products. FEG may also enter into joint ventures or partnerships with other mining companies to enhance its project development capabilities and share the financial risks and rewards associated with large-scale mining operations. Additionally, the company may receive funding or investment from institutional investors interested in the potential returns from successful mineral exploration and production.

Far East Gold Ltd Financial Statement Overview

Summary
Financials are weak due to no revenue across 2021–2025, persistent losses, and a worsening net loss in 2025 alongside higher cash burn. Strengths include minimal leverage and a supportive capital structure, which lowers near-term solvency risk, but returns remain structurally negative until revenue generation improves.
Income Statement
12
Very Negative
Across 2021–2025 the company reports no revenue, with persistent operating and net losses each year. Losses widened notably in 2025 (net loss of ~6.5m vs ~1.7m in 2024), indicating weaker cost control and a heavier spend profile. With no top-line base, profitability and margin signals remain structurally weak until operations transition to meaningful revenue generation.
Balance Sheet
62
Positive
The balance sheet is conservatively levered, with very low debt relative to equity in recent years (debt-to-equity ~0.2% in 2025), which reduces financial risk. Equity and assets have grown substantially since 2021, supporting funding flexibility. The key weakness is ongoing value dilution from losses, reflected in consistently negative returns on equity.
Cash Flow
25
Negative
Cash generation remains negative, with operating cash flow outflows every year and a larger burn in 2025 (~4.6m vs ~2.2m in 2024). Free cash flow is also consistently negative and volatile, including a very large outflow in 2023 and deterioration again in 2025. While cash burn can be expected for an early-stage precious metals company, the trajectory shows uneven spending discipline and continued reliance on external funding.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-86.60K-86.60K0.00-66.61K-41.73K-12.20K
EBITDA-6.42M-6.42M-1.45M-2.70M-3.38M-4.54M
Net Income-6.48M-6.48M-1.66M-2.50M-3.43M-4.56M
Balance Sheet
Total Assets46.63M46.63M33.26M30.97M25.39M2.86M
Cash, Cash Equivalents and Short-Term Investments10.94M10.94M1.09M3.93M9.10M2.71M
Total Debt76.20K76.20K116.95K119.78K71.52K103.85K
Total Liabilities698.67K698.67K1.72M2.37M305.32K352.55K
Stockholders Equity43.36M43.36M28.95M25.97M22.22M2.51M
Cash Flow
Free Cash Flow-4.62M-4.62M-9.11M-11.23M-4.75M-4.16M
Operating Cash Flow-4.61M-4.61M-2.19M-1.32M-3.02M-4.12M
Investing Cash Flow-11.46M-11.46M-6.93M-9.91M-1.73M-38.60K
Financing Cash Flow18.43M18.43M6.26M6.06M11.10M6.86M

Far East Gold Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.16
Price Trends
50DMA
0.16
Positive
100DMA
0.15
Positive
200DMA
0.16
Positive
Market Momentum
MACD
<0.01
Negative
RSI
58.20
Neutral
STOCH
56.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FEG, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.16, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.20 is Neutral, neither overbought nor oversold. The STOCH value of 56.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FEG.

Far East Gold Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
61
Neutral
AU$29.63M0.31239.14%270.27%
54
Neutral
AU$321.74M-45.90-17.70%29.91%
49
Neutral
AU$49.79M-7.27-29.96%-214.29%
47
Neutral
AU$64.23M-7.84-17.91%-213.85%
44
Neutral
AU$89.72M-3.57-148.97%-643.11%
38
Underperform
AU$24.16M-0.12-151.97%-28.16%-1569.00%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:FEG
Far East Gold Ltd
0.16
-0.02
-11.11%
AU:IDA
Indiana Resources Limited
0.05
0.02
67.86%
AU:RIM
Rimfire Pacific Mining Limited
0.02
-0.02
-55.56%
AU:BDM
Burgundy Diamond Mines Ltd
0.02
-0.03
-63.04%
AU:OSM
Osmond Resources Limited
0.60
0.10
19.40%
AU:SPD
Southern Palladium Ltd.
2.41
1.89
363.46%

Far East Gold Ltd Corporate Events

Far East Gold Reshapes Finance and Governance Leadership
Jan 14, 2026

Far East Gold has announced a reshuffle in its senior corporate roles, with company secretary Catriona Glover resigning effective 14 January 2026 after playing a key role in the lead-up to the company’s ASX listing and subsequent operations. Chief Financial Officer Kyla Garic will transition into the company secretary role and assume responsibility for communications with the ASX, while Jenny Tan will take over as CFO, formalising a strengthened governance and finance structure supported by Onyx Corporate’s specialist corporate management services and potentially enhancing the company’s administrative and compliance capabilities as it advances its exploration portfolio.

The most recent analyst rating on (AU:FEG) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Far East Gold Ltd stock, see the AU:FEG Stock Forecast page.

Far East Gold Extends Bonanza-Grade Gold Zone at Papua’s Sua Prospect
Jan 11, 2026

Far East Gold has reported further bonanza-grade gold results from its ongoing 10-hole diamond drilling campaign at the Sua Prospect in Papua, Indonesia, with hole KSD027 returning multiple high-grade intercepts, including 49.47 g/t gold over 4.85 metres with sub-intervals up to 175 g/t. The new hole extends high-grade mineralisation laterally by 50 metres from previous drilling, confirms continuity of structure and grade at depth beneath weaker historic intercepts, and reinforces the view that the Sua vein system is a fertile, largely untested orogenic lode with significant upside potential for expanding the existing resource base and enhancing the project’s attractiveness to investors and other stakeholders.

The most recent analyst rating on (AU:FEG) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Far East Gold Ltd stock, see the AU:FEG Stock Forecast page.

Far East Gold Extends Drilling Program at Sua Prospect After Promising Results
Dec 16, 2025

Far East Gold Ltd has announced an extension to its drilling program at the Sua Prospect within the Idenburg Project in Papua Province, Indonesia, following promising assay results from its initial drilling. The company plans to drill five additional step-out diamond holes to explore the continuity of high-grade gold mineralization along strike and down-dip. This extension aims to further delineate the high-grade potential of the stacked quartz vein system, which remains open for exploration. The positive historic metallurgy suggests that the mineralization is amenable to conventional processing methods, potentially enhancing the project’s economic viability.

Far East Gold Extends High-Grade Gold Zones at Idenburg Project
Dec 14, 2025

Far East Gold Limited has announced successful assay results from its drilling program at the Sua prospect within the Idenburg Project, confirming and extending high-grade gold zones. The results from drillholes KSD025 and KSD026 have not only validated previous findings but also revealed additional high-grade zones, indicating significant resource potential. The mineralization remains open at depth and along strike, suggesting further opportunities for high-grade discoveries, which could enhance the company’s market position and appeal to stakeholders.

Far East Gold Ltd Announces AGM Results and Strategic Developments
Nov 25, 2025

Far East Gold Ltd has announced the results of its Annual General Meeting, where key resolutions, including the re-election of directors and the adoption of the remuneration report, were carried out successfully. However, the proposal for a 10% placement capacity was not approved. This development indicates a continued focus on stable leadership while facing challenges in expanding capital placement, impacting the company’s strategic financial planning.

Far East Gold Extends High-Grade Gold Zone at Idenburg Project
Nov 23, 2025

Far East Gold Ltd has announced promising assay results from its drilling program at the Sua Prospect within the Idenburg Gold Project in Papua Province, Indonesia. The latest drill hole, KSD024, revealed high-grade gold intersections, extending the known zone of mineralization by at least 25 meters. This discovery, featuring visible coarse gold, suggests significant potential for further high-grade discoveries within the 5km long Sua–Afley shear zone. The results reinforce the geological interpretation of the area and highlight the potential for resource development, which could enhance the company’s market positioning and offer substantial benefits to stakeholders.

Far East Gold Unveils High-Grade Gold Discoveries at Idenburg Project
Nov 12, 2025

Far East Gold Ltd has announced the discovery of high-grade gold mineralization across multiple prospects within its Idenburg Project, specifically in the North Bermol, South Bermol, and Nova areas. Detailed geological mapping and field sampling have revealed new zones of mineralized quartz veining associated with low-angle shear-fault systems, with assay results showing promising gold grades. The findings underscore the district-scale potential of the project and support the company’s aggressive exploration strategy to define new gold zones and expand its resource base. The ongoing drilling campaign, supported by two drill rigs, continues to yield encouraging results, reinforcing the company’s interpretation of multiple shear-related gold systems within the project area.

Far East Gold Ltd Reports High-Grade Gold Intercepts at Idenburg Project
Nov 9, 2025

Far East Gold Ltd announced promising results from its first drill hole at the Sua Prospect within the Idenburg Gold Project in Indonesia. The drill hole KSD023 confirmed high-grade gold intercepts, including visible gold, validating historical drill data and suggesting significant potential for further high-grade discoveries. This development is a strategic advancement for the company, enhancing the resource development potential of the project and indicating the possibility of expanding the current resource area.

Far East Gold Initiates Second Drilling Phase at Mount Clark West Project
Nov 6, 2025

Far East Gold Ltd has commenced the second phase of drilling at its Mount Clark West Copper-Gold Project in Queensland, following the signing of a Conduct and Compensation Agreement. This phase aims to confirm the large-scale porphyry copper-gold potential of the site, with initial drilling planned to test high-priority targets identified through recent geophysical and geochemical studies. The company believes these efforts could reveal a significant copper-gold discovery, enhancing its positioning in the Australian mining sector.

Far East Gold Secures Key Regulatory Approval for Idenburg Project
Nov 4, 2025

Far East Gold Ltd has achieved a significant regulatory milestone by securing PIPPIB approval for 9,000 hectares of its Idenburg Gold Project, facilitating environmental permitting and operational licensing. This reclassification to Production Forestry de-risks the project, enhances tenure security, and accelerates the transition from exploration to development, reinforcing the project’s strategic potential in a prolific gold province.

Far East Gold Ltd Announces Significant Exploration Advancements in Indonesia
Oct 30, 2025

Far East Gold Ltd reported significant exploration progress in its Indonesian projects during the quarter ending September 30, 2025. The company confirmed depth extensions at the Bermol site and announced a new high-grade discovery at the North Bermol Prospect, indicating potential for further resource expansion. Additionally, 14 new high-priority structural targets were identified, expanding the company’s discovery pipeline. A regulatory milestone was achieved with the approval of a forestry reclassification, providing greater project certainty.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 28, 2026