New Risk • Mar 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$20m free cash flow). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$137.8m market cap, or US$96.0m). New Risk • Mar 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$20m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$20m free cash flow). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$132.9m market cap, or US$94.0m). New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$140.2m (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$140.2m market cap, or US$98.4m). Announcement • Dec 20
Felix Gold Limited Announces Board Changes Felix Gold Limited announced the appointment of Mr. Blair Way as a Non-Executive Director, effective immediately. Mr. Way is a highly experienced mining executive with more than 35 years of experience across exploration, project development, construction and operations. In addition, Mr. Mark Strizek is retiring as a Non-Executive Director. Mr. Blair Way appointed Non-Executive Director, effective immediately. Former CEO, President and Executive Director of PMET Resources, 2020-2024. Led the discovery and rapid expansion of Shaakichiuwaanaan - now the largest hard-rock lithium resource in North America. More than 35 years experience spanning exploration, project development, construction and operations across North America, Australasia and Asia. Mr. Way currently serves as a Director of PMET Resources (Patriot Battery Metals) and as an Independent Director of ASX-listed Loyal Lithium, bringing relevant experience in critical minerals and capital markets. Mr. Mark Strizek has retired as a Non-Executive Director due to escalating commitments to Aurum Resources. Mr. Way is a geologist and senior executive with extensive experience across ASX and TSX-listed resource companies. Most notably, he served as CEO, President and Executive Director of Patriot Battery Metals Inc. from 2020 to 2024, during which time he led the discovery and rapid expansion of the Shaakichiuwaanaan lithium deposit in Quebec, now recognised as the largest hard-rock lithium resource in North America. Mr. Way's career spans the full mineral development lifecycle, from early-stage exploration through to project definition and development planning, with experience across lithium, gold, copper and other critical minerals in North America, Australasia and Asia. He has also held senior project and executive roles with major mining and engineering groups, including BHP, OceanaGold, Hatch Engineering and Korea Zinc, bringing deep technical, operational and capital markets expertise. Mr. Way holds a Bachelor of Science (Geology), an MBA, and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Board Change • Dec 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Ronnie Beevor was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$150.3m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 10.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$150.3m market cap, or US$99.8m). Announcement • Dec 09
Felix Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million. Felix Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.36
Discount Per Security: AUD 0.0216
Transaction Features: Subsequent Direct Listing New Risk • Oct 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 10.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m. Announcement • Sep 30
Felix Gold Limited, Annual General Meeting, Nov 26, 2025 Felix Gold Limited, Annual General Meeting, Nov 26, 2025. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (18% average weekly change). Announcement • Jun 27
Felix Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 17.000001 million. Felix Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 17.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 82,041,410
Price\Range: AUD 0.155
Discount Per Security: AUD 0.0093
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,636,010
Price\Range: AUD 0.155
Discount Per Security: AUD 0.0093
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jun 06
Non-Executive Director recently sold AU$91k worth of stock On the 4th of June, Mark Strizek Browne sold around 570k shares on-market at roughly AU$0.16 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • May 05
Felix Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 17.000001 million. Felix Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 17.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 82,041,410
Price\Range: AUD 0.155
Discount Per Security: AUD 0.0093
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,636,010
Price\Range: AUD 0.155
Discount Per Security: AUD 0.0093
Transaction Features: Subsequent Direct Listing New Risk • Feb 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$59.2m market cap, or US$37.6m). New Risk • Nov 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$23.7m market cap, or US$15.4m). Announcement • Oct 03
Felix Gold Limited, Annual General Meeting, Nov 28, 2024 Felix Gold Limited, Annual General Meeting, Nov 28, 2024. Announcement • Oct 02
Felix Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4.799999 million. Felix Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4.799999 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 63,999,981
Price\Range: AUD 0.075
Discount Per Security: AUD 0.0045
Transaction Features: Subsequent Direct Listing Announcement • Sep 25
Felix Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 4.8 million. Felix Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 4.8 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 64,000,000
Price\Range: AUD 0.075
Discount Per Security: AUD 0.0045
Transaction Features: Subsequent Direct Listing Announcement • Aug 15
Felix Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 2.549049 million. Felix Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 2.549049 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,703,703
Price\Range: AUD 0.054
Discount Per Security: AUD 0.00324
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,685,185
Price\Range: AUD 0.054
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,815,722
Price\Range: AUD 0.054
Discount Per Security: AUD 0.00324
Transaction Features: Subsequent Direct Listing Announcement • May 24
Felix Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.55605 million. Felix Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.55605 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,519,444
Price\Range: AUD 0.054
Discount Per Security: AUD 0.00324
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,814,812
Price\Range: AUD 0.054
Transaction Features: Subsequent Direct Listing Announcement • May 15
An unknown buyer acquired an unknown stake in Felix Gold Limited (ASX:FXG) from Alaska Energy Metals Corporation (TSXV:AEMC). An unknown buyer acquired an unknown stake in Felix Gold Limited (ASX:FXG) from Alaska Energy Metals Corporation (TSXV:AEMC) on May 13, 2024.An unknown buyer completed the acquisition of an unknown stake in Felix Gold Limited (ASX:FXG) from Alaska Energy Metals Corporation (TSXV:AEMC) on May 13, 2024. New Risk • Apr 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.6m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$11.4m market cap, or US$7.53m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Jan 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.70m market cap, or US$5.73m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.3m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.50m market cap, or US$5.61m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Oct 05
Felix Gold Limited, Annual General Meeting, Nov 30, 2023 Felix Gold Limited, Annual General Meeting, Nov 30, 2023. Agenda: To consider the election of directors. Announcement • Aug 13
Felix Gold Limited Announces Assay Results from A Further 17 Holes At Its Treasure Creek Project in the Esteemed Fairbanks Gold Mining District in Alaska, USA from the NW Array Prospect Felix Gold Limited announced assay results from a further 17 holes at its Treasure Creek Project in the esteemed Fairbanks Gold Mining District in Alaska, USA from the NW Array Prospect. The significance of these findings is noteworthy: Geological reinterpretation of drilling information has effectively outlined a NNE orientation of mineralised gold zones, encompassing zones enriched with high-grade antimony. This development marks a significant milestone, as it unveils the potential for more extensive strike length and the prospect of additional parallel trends, supported by the continuation of soil anomalies. The primary gold mineralisation is open at depth and in various directions. The drilling strategy is oriented towards the definition of near-surface oxide gold mineralisation, displaying grades that are comparable to or exceed the present head grades of the nearby Kinross's Fort Knox mine, which is actively pursuing ore supply. The NW Array Prospect latest results includes: Hole 23TCRC162: 9.1m @ 1.18g/t Au from 96m incl. 3.0m @ 2.16g/t Au from 96m; Hole 23TCRC169: 12.2m @ 0.75g/t Au from 58m incl. 3.0m @ 2.39g/t Au from 65.5m; Hole 23TCRC173: 21.3m @ 0.72g/t Au from 3.0m incl. 6.1m @ 1.67g/t Au from 15.2m; Hole 23TCRC176: 32.0m @ 0.69g/t Au from 3.0m incl. 4.6m @ 3.13g/t Au from 3.0m; Hole 23TCRC177: 53.3m @ 0.33g/t Au from 7.6m. Treasure Creek drilling program: Felix Gold, the largest minerals claim owner in the Fairbanks Gold Mining District, aims to delineate a near surface commercial resource at Treasure Creek project which potentially could provideadditional ore supply to Kinross Gold's Fort Knox, a Tier 1 gold mine with mineral reserves at 0.37 g/t Au. By exploring the near-surface and oxide resources, Felix Gold seeks to establish a low capex/opex open- pittable ore supply. The RC (Reverse Circulation) Drilling program at NW Array and Scrafford has been successfully completed, comprising of a total of 4,695.4m in 50 holes. Infill drilling of 4,278m in 45 holes in the NW Array and target generation drilling of 419m in 5 holes in the Scrafford extension area. A total of 45 holes in NW Array have received Assay results for Gold and Antimony. Assay results for 5 holes within Scrafford extension area are pending. Unveiling continuous mineralisation potential: Geological reinterpretation of the 2022 and 2023 drilling results has delineated the orientation of gold- enriched zones within NE-trending corridors, incorporating sections rich in high-grade antimony. Notably, drill hole 23TCRC177 was strategically placed along pre-existing access tracks to explore the potential for NE-trending mineralisation. This drill hole yielded expansive mineralised zones located hundreds of meters away from the established primary gold zone which remains open. This advancement represents a noteworthy achievement, as it brings to light the possibility of extending the strike length by more than two kilometers, alongside the potential emergence of parallel trends. These prospects are reinforced by the sustained presence of soil anomalies and fault zones, further emphasizing the significance of this development. Northern exploratory holes yield promising results: The latest drilling results included 6 exploratory holes strategically positioned within a geochemical anomaly located just 500 meters south of the NW Array's Southern Zone which opens up potentially new parallel trends. Notably, previous drilling activities conducted in 2022 within this region led to the discovery of a continuous zone of gold (Au) mineralisation referred to as the "Northern NW Array Zone". This zone encompasses holes 22TCRC093 to 22TCRC098. Announcement • May 13
Felix Gold Limited, Annual General Meeting, Jun 13, 2023 Felix Gold Limited, Annual General Meeting, Jun 13, 2023, at 10:01 E. Australia Standard Time. Location: Level 1, 371 Queen Street BRISBANE Australia Agenda: To consider ratification of the issue of 26,640,000 Placement Shares; to consider approval to issue 13,320,000 Placement Options; to consider approval to issue 2,120,000 Options; to consider issue of Shares and Options to Mr. Ronnie Beevor on the same terms as the Placement Shares; to consider issue of Shares and Options to Mr. Anthony Reilly on the same terms as the Placement Shares; and to transact other business. Announcement • Feb 04
Felix Gold Limited Announces Deeper Gold and Prospective Feeder Zones Discovered Felix Gold Limited announced Deeper Gold and Prospective Feeder Zones Discovered. The three oriented diamond drill holes were designed with two objectives. 1 - Measure and test the orientation of primary suspected mineralisation controls. 2 - Test mineralisation continuity and structural controls deeper, below known mineralisation from the 2022 RC program. Drillhole 22TCDD001 was oriented north-west and looked to test deep mineralisation controls under RC Hole 22TCRC008 . This drill hole did intersect low grade Au mineralisation zones in the shallow depths and highlights 26.3m of mineralisation at 0.22 g/t. Diamond drill 22TCDD002 oriented to the south looked to test and cross the proposed northwest structures while diving deep under previouslydrilled RC hole 22TCRC002. This drill hole did intersect NW trending faults/shears/brecciation as Au mineralised zones at depth; highlighted with 3.0 m @ 1.12 g/t Au, 1.8 m @ 1.06 g/t AU, 5.2 m @ 0.5 g/t Au, 9.1 m @ 0.75 g/t Au, and 1.5 m @1.03 g/t Au at EOH. Drillhole22TCDD003 oriented to the south, again looked to measure and test mineralised northwest structures. This drill hole drilled to 141 m intercepted both a broad low grade mineralised zone of 48.8 m @ 0.20 g/t as well as a significant high angle fault/shear mineralised structure highlighted at 9.3 m @ 2.32 g/t Au from 68.6 m. Oriented Diamond Drill hole 22TCDD004 was designed to test an IP geophysical anomaly identified from the 2021 ground Pole-Dipole IP survey in Eastgate. Nominal mineralisation was encountered and detailed structural analysis of this drillhole is underway to assist in the larger scale structural architecture interpretation in the Eastgate target area. The DDH deviated at depth and may not have intersected the actual IP target. Announcement • Jan 20
Felix Gold Limited Announces New Gold Zones Identified in Reconnaissance Drilling Felix Gold Limited announced assay results from reconnaissance drilling of the NE Fairbanks and MHT areas, as well as a broader exploration update at Treasure Creek. Shallow RC reconnaissance drilling was designed to follow-up the 2021 soil geochemistry survey which delivered anomalous gold results in the Coffee and Eureka prospect areas of NE Fairbanks. This drilling occurred from established trail networks that facilitated the rapid and broad drilling of these prospect areas. At the Coffee prospect, 24 holes were drilled covering an area of approximately 2.5 x 1.5 km, with significant results highlighted by holes 22NERC021 (3.0m at 4.26 g/t Au) and 22NERC014 (18.3m at 0.23 g/t Au). Similarly, drilling in the Eureka prospect area consisted of 8 holes covering an area of approximately 1.0 x 2.8 km, with significant results returned from holes 22NERC028 (3m at 1.60 g/t Au) and 22NERC025 (12.2m at 0.31 g/t Au). The MHT Project was acquired by Felix in May 2022. Initial reconnaissance drilling was undertaken off established trail networks to test and fix gold mineralized structures. Eleven (11) drill holes tested a strike length of approximately 1.5 km across the southern and eastern portions of the tenure. Significant results returned include holes 22NERC041 (1.5m at 4.15 g/t Au) and 22NERC46 (1.5m at 1.08 g/t Au and 1.5m at 2.41 g/t Au). Drilling at the Old Glory prospect identified an anomalous gold mineralized zone of approximately 100m x 500m, highlighted by holes 22NERC033 (9.1m at 1.12 g/t Au) and 22NERC037 (6.1m at 1,21 g/t Au). Further target refinement is underway with the incorporation of the recently completed heliborne magnetic and VTEM geophysics supporting the 2023 drilling plan design. During 2022 Felix completed 123 shallow RC drillholes across 8 prospect/target areas. These confirm the scale of the shallow mineralized hydrothermal system(s) across the approximate 6 x 4 km eastern Treasure Creek tenure. Of these areas, the highest priority for substantial potential gold deposit delineation are NW Array, Scrafford Shear(s) and Eastgate. Current work focussed on Treasure Creek includes: Incorporation of the 2022 VTEM geophysical survey into the geological model. Exploration Target calculation (grade and tonnage) for NW Array and Scrafford Shear(s). Antimony study: framework for targeting the significant, high-grade in-situ antimony potential at Treasure Creek in 2023. The initial dataset from the 2022 heliborne VTEM geophysical survey has now been received. This survey flew the eastern portion of the Treasure Creek tenure as well as the central portion of the NE Fairbanks area and MHT. The survey covered an area of approximately 20,000 acres. It looks to identify and refine the gold mineralized structures to be focused on within the 2023 exploration and drilling program. The data is currently being processed with key outcomes expected to be announced in coming weeks. Results are pending for the 4 diamond drill holes totaling 1,079 m which were drilled at Treasure Creek in 2022. Three holes were drilled in the NW Array Southern Zone targeted at collection of oriented core of the shallow mineralized zone discovered in the 2022 RC program. These three holes were also angled to test the deeper extents of this mineralizing hydrothermal system. One diamond hole was drilled in the Eastgate zone, specifically targeting the IP anomalies identified from the 2021 IP geophysical survey. Assay results are expected to be returned in the next month. Announcement • Dec 11
Felix Gold Limited Advises of Assay Results for A Further Twenty-Seven (27) Holes At Its Treasure Creek Project Felix Gold Limited advised of assay results for a further twenty-seven (27) holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District in Alaska, USA. Felix's 2022 RC drill program at Treasure Creek targeted shallow large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects specifically aimed at near-surface mineralisation potential across numerous zones. The results from the 18-hole program at Scrafford Shear reported in this release (see Table 1) tested the near surface gold mineralisation extent of the Scrafford Shear, which is a 8km structural zone extending from Line 18 (in the east) to the Wildcat Prospect (in the west). Interpretation supported by geophysics and recent drilling demonstrates that the Scrafford Shear has been repeated several times through a series of thrust faults. This opens an extensive +15km equivalent strike zone of gold mineralisation. Mineralisation at the Scrafford Shear is hosted within a fault zone comprising of unaltered, grey quartz- muscovite biotite schist and the footwall is highly oxidized, sheared argillic altered mica-rich schist. The NW Array Southern Zone results contained in this release (see Table 2) pertain to a traverse drilled 150 250m east of previously reported holes at NW Array. They are relatively shallow and demonstrate continuation of the NW Array Southern Zone gold mineralisation to the east. NW Array has seen extensive, near-surface, thick gold mineralised intercepts returned from 2022 drilling including the previously reported 22TCRC008 (which included 89.9m @ 1.2 g/t Au; see ASX release dated 1 August 2022). Broad zones of bulk tonnage mineralisation have been intercepted across the southern zone of NW Array as part of a larger 2.5km x 2.5km gold mineralised system, and these are open in all directions and to depth. In addition, these broader zones also contain substantial intercepts of high-grade gold mineralisation. Antimony-bearing mineral, stibnite, has been increasingly logged in RC chips and diamond core from 2022 drilling at NW Array, Scrafford Shear and Eastgate. As a result, Felix has elected to undertake a new assay program to target the potential high-grade zones of antimony within the relevant chip and core samples obtained from the 2022 drilling program. Treasure Creek is known to host substantial gold-antimony mineralisation at the historic Scrafford Mine (see Table 3 below), which was the largest antimony mine in Alaska with grades of up to 58% Sb (reference FXG Prospectus). Locally, high-grade gold-antimony mineralisation is encountered in trenches in several locations along the Scrafford Shear trend. Antimony has been listed as a mineral critical to U.S. economic and national security by the U.S. Department of Interior, a distinction also held by rare earth elements (REEs), cobalt, and uranium. Despite this designation, there has been comparatively little attention on antimony and its importance in the current environment. Known gold-antimony mineralisation at Treasure Creek is related to shears and faults hosted by schist and porphyritic felsic intrusive rocks. The main prospects are therefore Scrafford Shear, NW Array, Eastgate and Line 18. Announcement • Dec 02
Felix Gold Limited Advises Near-Surface Gold Zones Extended to Northern Treasure Creek Felix Gold Limited advised of assay results for a further thirty- three (33) holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District in Alaska, USA. Felix's 2022 RC drill program at Treasure Creek targeted shallow large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects specifically aimed at near-surface mineralisation potential across numerous zones. The objectives of the campaign were: 1) to identify one or more key areas for infill and potential resource definition drilling; and 2) broaden and increase the drill target pipeline for 2023 drilling. The assays returned from drilling of Reconnaissance Lines 4 and 5 strongly support the latter objective with discovery of new gold mineralization in the northern areas of the central zone at Treasure Creek. In this traverse area, thick permafrost and tundra prevented geochemical soil sampling. This 17-holetraverse drilled down through the permafrost into the bedrock to test shallow gold mineralization potential. Additionally, this drilling also looked to test and track shallow mineralisation potential "up slope" from currently mined alluvial gold deposits. These results show that a significant gold mineralisation system exists in this zone and that it extends north along this traverse under the deeper tundra cover. This reconnaissance traverse was drilled northwards from the known NW Array prospect and included 16 RC holes along existing trails. The drilling tested gold-in-soil anomalies across a 1.3 km extent, seeking to find and fix the primary mineralised structures to the north of NW Array. Drill results highlight gram to multi-gram per tonne intercepts at surface to approximately 60m depth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Ronnie Beevor was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 01
Felix Gold Limited Announces Further New Gold Zone Identified At Treasure Creek Felix Gold Limited advises of assay results for a further seven holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District of Alaska, U.S. Felix's initial drill program at Treasure Creek targeted shallow Reverse Circulation (RC) drilling to test large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects. Drilling targeted multiple near surface mineralisation targets across numerous zones. The assay results contained in this release are from reconnaissance drilling across previously untested areas between the Eastgate and Scrafford Shear prospects at Treasure Creek. These results open another gold mineralised zone several kilometres to the east of the NW Array prospect, and suggest connectivity in this area with previously disclosed results approximately 1km to the west on Reconnaissance Line 1. These results are a further step in substantiating Felix's expectations of the occurrence of potential substantial bulk tonnage and high-grade shallow gold deposits within the Treasure Creek Project. Follow- up and extensional drill testing is being planned to focus on the zones of gold mineralisation with the highest potential for encompassing significant verifiable gold resources. Announcement • Oct 18
FFelix Gold Limited Announces Significant Expansion of NW Array Gold Zone Felix Gold Limited (Felix or the Company) advises of assay results for a further twenty-three (23) holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District of Alaska, U.S. These results continue to substantiate Felix's expectations of shallow, thick gold deposition of robust grades across the Treasure Creek Project. Follow-up and extensional drill testing is planned to focus on the zones of gold mineralisation with the highest potential for encompassing delineated gold resources. Felix's initial program at Treasure Creek saw shallow Reverse Circulation (RC) drilling to test large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects. Drilling targeted multiple near surface mineralisation targets across numerous zones. The results in this release are from: A traverse at the southern end of the NW Array prospect drilled east of previously reported Hole 22TCRC008 (which included 89.9m @ 1.20 g/t Au from 32m; see ASX release dated 1 August 2022); and A line of reconnaissance drilling in the eastern part of the Scrafford-Eastgate zone (Recon Line 3). As demonstrated by these results, and those in earlier releases, broad zones of bulk tonnage gold mineralisation have been intercepted. In addition, zones of bulk tonnage mineralisation also regularly contain substantial thicknesses of high-grade gold mineralisation. At NW Array, the newly reported drillholes have expanded the Southern Zone mineralisation to an area of approximately 750m x 400m. The targeted gold-in-soil anomaly in this zone of NW Array is 2.5km x 2.5km, with the mineralisation target remaining open to the north, south, east and at depth (with the deepest hole at NW Array currently only 115m true vertical depth). Announcement • Oct 06
Felix Gold Limited Announces Assay Results for A Further Six Holes At Its Treasure Creek Project in the Fairbanks Gold Mining District of Alaska, U.S Felix Gold Limited announced that assay results for a further six holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District of Alaska, U.S. Further results from NW Array prospect at Treasure Creek: Felix's initial drill program targeted shallow Reverse Circulation (RC) drilling to test large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects. Drilling targeted multiple near surface mineralisation targets across numerous project areas in the Fairbanks Gold Mining District. Four orientated diamond core drill holes have tested the depth extent of key significant gold intercepts at NW Array and Eastgate Prospects. The first phase of drilling at the Treasure Creek Project was focussed on the NW Array prospect. This area is related to Cretaceous intrusive into Palaeozoic metasedimentary schist (Fairbanks Schist), controlled by a variety of inter-related structural events. These results are from a traverse drilled north and south of previously reported 22TCRC008. Broad zones of bulk tonnage mineralisation have been intercepted along the entire traverse, and these are open in all directions and to depth. In addition, the zones of bulk potential contain substantial intercepts of high-grade gold mineralisation. The reported drillholes are located at the southern end of the NW Array prospect in an area of approximately 400m x 600m. The targeted gold-in-soil anomaly in this zone of NW Array is 2.5km x 2.5km, with the mineralisation target open to the north, south, east and at depth (with the deepest hole at NW Array only 115m true vertical depth). These results continue to substantiate prospectus's expectations of the occurrence of potential bulk tonnage shallow gold resources in the Treasure Creek Project. Follow-up and extensional drill testing is being planned for 2023 to focus on the zones of gold mineralisation with the highest potential for encompassing verifiable gold resources. Announcement • Oct 04
Felix Gold Limited, Annual General Meeting, Nov 29, 2022 Felix Gold Limited, Annual General Meeting, Nov 29, 2022. Agenda: To consider election of directors. Announcement • Sep 28
Felix Gold Limited Announces Shallow Gold Mineralisation Expanded At Eastgate Felix Gold Limited advised of assay results for a further thirteen holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District of Alaska, U.S. Initial results from Eastgate Central Zone at Treasure Creek: Eastgate Central Zone: The Eastgate Central Zone is interpreted as part of a +4km structural corridor along the south-eastern extent of the Treasure Creek Project. Historical exploration was last undertaken in the early 1990's where only four drill holes and limited trenching had been completed along the interpreted 4km Eastgate Corridor. Historical soil sampling and trenching defined the Eastgate Central Zone at the south-east area of the Treasure Creek Project. Trenching yielded very high grades at Eastgate Central (up to 5 m @ 69.22 g/t Au), from a shear vein trending 305° and dipping 60° north, with historical drilling resulting in 25 m @ 1.02 g/t Au from surface. The assays reported in this release were from drill holes testing and seeking to significantly expand upon historical and more recent signs of gold mineralization in the Eastgate Central Zone. Broad, near-surface mineralization returned across Eastgate Central: Thirteen (13) holes were drilled at Eastgate Central as part of the maiden Treasure Creek RC program. These were targeted with multiple objectives, including to test and expand the broad Eastgate gold-in-soil anomaly detected by Felix in 2021. Announcement • Sep 23
Felix Gold Limited Announces Multiple New Gold Zones Discovered Felix Gold Limited advised of assay results for a further eleven RC holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District of Alaska, U.S. The Eastgate Central Zone is interpreted as part of a +4km structural corridor running along the southern extent of the Treasure Creek Project. Historical exploration was last undertaken in the early 1990's where only four drill holes and limited trenching had been completed along the interpreted 4km Eastgate Corridor. Historical soil sampling and trenching defined the Eastgate Central Zone to the southern extent of the Treasure Creek Project. Trenching yielded very high grades at Eastgate Central (up to 5 m @ 69.22 g/t Au), from a shear vein trending 305° and dipping 60° north, with historical drilling resulting in 25 m @ 1.02 g/t Au from surface (refer to Felix ASX announcement dated 28 January 2022, Prospectus). The assay results reported in this ASX release represent Reconnaissance Line 1 at Treasure Creek, where a total of 11 reverse circulation (RC) drill holes where completed. These holes were targeted at testing both the potential extension of the Eastgate Central Zone approximately 1km to the south-west and the potential gold bearing potential of cross-cutting structural connection between the Eastgate and Scrafford Shear Corridors. Extension of the Eastgate Central Zone approximately 1km to the south-west Seven (7) drill holes (22TCRC051-057) were drilled to sparsely test the broader Eastgate soil anomaly approximately 1km to the south-west of the Eastgate Central Zone. These results indicate the potential for continuation of the Eastgate Central Zone mineralisation into this area, and include Hole 22TCRC057 with 22TCRC057 12.2m @ 2.65 g/t Au from 73.2m including 3.1m @ 9.92 g/t Au from 73.2m downhole. This opens-up the potential for a multi-kilometre gold bearing structural corridor in this area. Links between the Eastgate and Scrafford Corridors Four (4) drill holes (22TCRC010-013) were drilled to test the potential for the cross-cutting structural features between the Eastgate and Scrafford Corridors to be mineralised. Historically no drill holes had tested this zone. Assays returned for Hole 22TCRC012 demonstrate shallow, high-grade gold mineralisation (3.0m @ 3.2 g/t Au from 36.6m downhole) and open-up a potential new multi-km gold zone between the Eastgate and Scrafford Shear Corridors. Announcement • Sep 13
Felix Gold Limited Provides an Update on Exploration Activities at Treasure Creek Project in Alaska, US Felix Gold Limited provided an update on exploration activities at its Treasure Creek Project within the Fairbanks Gold Mining District of Alaska, US. The Treasure Creek Project was secured by Felix based on sparse drilling that showed strong indications for a potential large-scale gold system, including multi-kilometre soil anomalies that were relatively untested. Felix's initial drilling program at Treasure Creek commenced in late April 2022. This was an extensive Reverse Circulation (RC) drilling program testing the near-surface extent of potential shallow gold mineralisation across multiple defined target areas. The key objective of this program was to identify one or more key areas for infill, and potential resource definition, drilling in 2023. The RC drill program focused on shallow (up to 150m) testing of large-scale, high grade (+100 ppb Au) soil geochemical anomalies across three main prospects in the Treasure Creek Project area - NW Array, Scrafford Shear and Eastgate. The program also included 5 traverse lines of reconnaissance drilling across earlier stage target zones. To early September, 12,946m of RC drilling had been completed across 131 holes. This represents average daily drill metres of 150m, well above the targeted 100m per day. Assays have been returned and reported for only 9 of the 131 RC holes completed as previously reported. The returned results have included multiple thick, near surface intercepts at the first target zone tested, NW Array. These results include TCRC008 89.9m at 1.20 g/t Au from 32.0m downhole and TCRC005 33.5m at 1.63 g/t Au from 1.5m downhole. Key intercepts were located in a 0.4km x 0.6km zone of a broader 2.5km x 2.5km gold-in-soil anomaly in this area, with the deepest drill hole to date only 115m vertical depth. Felix has now contracted a rig to undertake four diamond drill holes at NW Array and Eastgate. The key objective for these holes is testing the potential depth extent of known mineralisation, testing new targets at depth (Eastgate IP target) and gaining further valuable geological information. Drilling of the first of these diamond holes has now commenced. Felix has also recently completed further geophysical data collection at Treasure Creek with a VTEM survey being flown across the main Treasure Creek Project area. This data will complement the airborne magnetic surveys previous undertaken. Processed results from the VTEM survey are expected in the next few months. Target drilling completed: NW Array Southern Zone: RC drilling commenced at the NW Array Southern Zone prospect, which is the southern extent of a much larger 2.5 km x 2.5 km gold-in-soil anomaly. A total of 3,205m across 36 drill holes was completed at NW Array. Step-out drilling from historic holes targeted confirmation and extension of the size of mineralized hydrothermal footprint in the NW Array Southern Zone. Assays from 9 holes have been returned and reported. Eastgate: Following this, drilling was undertaken in the Eastgate trend. A total of 1,791m across 13 drill holes was completed in this area. The focus was follow-up on historic trenching and drilling results, as well as testing of IP geophysical anomalies from the 2021 survey - with an overarching objective of ultimately fixing the orientation and primary mineralized structures in the Eastgate target area. Scrafford Shear: Drilling then shifted to the linear target zones of the Scrafford Shear, a +6km gold trend running east-west through the centre of the Treasure Creek Project. A total of 2,297m was drilled across 18 drill holes in this area. This drilling followed up historic drilling and known mineralization from the historic Scrafford Antimony Mine, targeting expansion of the known structural shear to the east and west. Reconnaissance drilling completed Traverse Lines 1 to 5: Drilling operations then shifted to broader target zones between the Scrafford Shear and Eastgate trend. Several reconnaissance traverses along established trail access facilitated the drilling of 3,295m in 64 drill holes to identify potential secondary mineralized structures between the two target zones. An additional traverse through the central portion of the Treasure Creek Project area completed 1,123m in 16 drill holes. In this traverse area, thick permafrost and tundra prevented geochemical soil sampling. This traverse drilled down through the permafrost into the bedrock to test shallow mineralization potential. Additionally, this phase also looked to test and track shallow mineralisation potential "up slope" to currently mined alluvial gold deposits. Drilling across the NW Array northern traverse completed 1,280m in 32 drill holes. This drilling tested gold-in-soil anomalies across a 1.3 km extent, seeking to find and fix the primary mineralized structures through the northern portion of NW Array. Announcement • Aug 02
Felix Gold Limited Announces Assay Results for A Further Seven Holes at its Treasure Creek Project in the World-Class Fairbanks Gold Mining District of Alaska Felix Gold Limited announced assay results for a further seven holes at its Treasure Creek Project in the world-class Fairbanks Gold Mining District of Alaska, U.S. Felix's initial drill program is focused on shallow Reverse Circulation (RC) drilling to test large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects. Drilling activities for 2022 are targeting multiple near surface mineralisation targets across multiple project areas in the Fairbanks Gold Mining District. The first phase of drilling at the Treasure Creek Project was focussed on the NW Array prospect. This area is considered to be related to Cretaceous intrusive into Palaeozoic metasedimentary schist (Fairbanks Schist), controlled by a variety of inter-related structural events. Assay results from the first two holes at NW Array were released in June. This release details assay results received for the next seven holes drilled at NW Array. Using a cut-off of 0.1 g/t Au over a minimum continuous mineralised zone of 3.0m downhole, gold intercepts were returned in all 7 holes. Drillholes 22TCRC005 and 22TCRC006 are in close proximity as 22TCRC005 was drilled and abandoned at 35m depth due to ground conditions. The drill rig was then moved approximately 5m and 22TCRC006 was drilled on the same azimuth and dip as 22TCRC005 to target depth of 121m. The reported drillholes are located at the southern end of the NW Array prospect in an area of approximately 400m x 600m. The targeted gold-in-soil anomaly in this zone of NW Array is 2.5km x 2.5km, with the mineralisation target open to the north, south, east and at depth (with the deepest hole at NW Array only 115m true vertical depth). Follow-up and extensional drill testing is demanded. This initial drill program at Treasure Creek is progressing swiftly with approximately 11,700m of drilling in 114 RC holes completed since the program commenced in late April. This represents excellent average daily drilling progress of 180m, well above the targeted 100m per day for this program. Announcement • Jun 22
Felix Gold Limited Announces Step-Out Drilling Success At Treasure Creek Felix Gold Limited advised of initial assay results from the first two holes of its initial drilling program at the Treasure Creek Project within the world-class Fairbanks Gold Mining District of Alaska, U.S. Drilling commenced at the NW Array prospect in late April and is focused on shallow Reverse Circulation (RC) drilling to test large-scale, high-grade (+100 ppb Au) soil geochemical anomalies. Mineralization at NW Array is related to Cretaceous intrusive into Proterozoic and Palaeozoic metasedimentary schists, controlled by a variety of inter-related structural events. Assay results have been returned for the first two holes of the program (one full and one partial). This represents the first 146 metres of drilling, with assays still awaited for the residual basal component (9.10m) of the second hole. The following mineralised intercepts were returned (using a cut-off of 0.1 g/t Au over a minimum continuous mineralised zone of 3.0m downhole): Hole 22TCRC002: 28.9m @ 1.43 g/t Au from 24.4m downhole and 12.0m @ 0.54 g/t Au from 70.1m downhole. Hole 22TCRC001: 3.1m @ 0.16 g/t Au from 7.6m downhole and 3.1m @ 0.20 g/t Au from 22.8m downhole. Drillhole 22TCRC002 represents a significant step-out discovery, being located approximately 200m south of the previous southern-most drillhole at NW Array. It is a shallow zone of gold mineralization that is open to the south, east and west, and is planned for rapid follow-up testing. The initial drill program at Treasure Creek is progressing strongly with 6,656m of RC drilling completed since program start on 25 April 2022. This represents average daily drill metres of 146m, significantly exceeding the targeted 100m per day. Announcement • Apr 28
Felix Gold Limited Announces That Drilling Commenced At Treasure Creek Felix Gold Limited advised that drilling has commenced at its Treasure Creek Project within the world-class Fairbanks Gold Mining District of Alaska, U.S. Drilling program commenced at Treasure Creek Project, located only 20km north of major mining and logistics hub, Fairbanks City. The initial program is focused on several prospect areas across the Company's Fairbanks Gold Mining District claims and is planned for approx. 7,000 drilling metres. Initial shallow RC drilling focussed on high-grade (+100 ppb Au), multi-kilometre gold soil geochemical anomalies with historical intercepts that remain untested at depth and open in multiple directions. Strong evidence of potential large-scale gold systems includes extensive gold soil anomalism, coincident geophysical gold anomalies and significant previous drill intercepts. The initial drill program is focussed on shallow Reverse Circulation (RC) drilling to test large-scale, high- grade (+100 ppb Au) gold soil geochemical anomalies at multiple prospects. Select deeper holes (up to 200m vertical depth) are also planned to follow up prospects containing historical drill intercepts with coincident geophysics and gold soil anomalies. Drilling activities have commenced at the NW Array prospect. The rig is then planned to move to the drilling of the Scrafford-Eastgate prospect. Dual-shift rig operations are set to deliver rapid program progress and an accelerated results pipeline over the coming months. Announcement • Feb 01
Felix Gold Limited Announces Reverse Circulation Drilling Scheduled to Commence at the Treasure Creek Project Felix Gold Limited announced Reverse circulation (RC) drilling is scheduled to commence at the Treasure Creek Project, located 20 kilometers north of Fairbanks City, during March 2022. The initial program at Treasure Creek is planned to encompass up to 180 drill holes for approximately 5,000 - 8,000 drilling meters. This is principally focussed on shallow RC drilling to test large-scale, high-grade (+100 ppb Au) soil geochemical anomalies at multiple prospects. Felix has established a formidable tenure position along the main Fairbanks Gold trend and is the second largest landholder (392 km2) and dominant explorer in the district. Felix's current tenure at Fairbanks is shown in Figure 2, which includes a substantial footprint proximal to Kinross's Fort Knox Gold Mine and Freegold's Golden Summit Gold Project. Felix plans to drill approximately 10,000 - 15,000 meters across its Fairbanks tenure through 2022, testing multiple target areas over all four key project areas. Following the program at Treasure Creek, drilling is planned to shift to defined targets at the NE Fairbanks, Grant-Ester and Liberty Bell Projects. Alaska Midnight Sun Drilling has been contracted as Felix's primary drill service provider for 2022. A track-mounted grasshopper RC drill rig is to be utilised. This delivers the ability to test targets quickly and efficiently to depths of up to 200 metres while requiring minimal ground disturbance for access and drilling. A diamond drill rig is also being sourced and is expected to be deployed across follow-up testing scheduled later in the year. Announcement • Jan 29
Felix Gold Limited has completed an IPO in the amount of AUD 10 million. Felix Gold Limited has completed an IPO in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.0125 