Step Out Gold Results and Mine Permit Application
Released
Released
Announcement PDF
ASX Announcement
12 November 2026
Step-Out Gold Results and Mine
Permit Application at Treasure Creek
Felix Gold Limited (ASX: FXG) is building a fully integrated U.S. ore to U.S. metal supply chain through its dual gold
and antimony strategy at the Treasure Creek Project in Alaska's Fairbanks Mining District, targeting mining
operations in June 2027, subject to State approval of its mine permit, and operation of its U.S. antimony refinery in
the first half of 20281
. This announcement reports gold results for a further 29 holes of its 2026 drilling program
and the lodgement of the Company's mine permit application for proposed mining at the NW Array prospect.
Highlights
Infill drilling inside the proposed resource development area (indicative, Figure 2) at NW Array returned
gold from surface in all five shallow diamond holes reported, including 20.78m @ 0.91 g/t Au from surface
(26TCDD007) and 9.12m @ 4.51 g/t Au from surface (26TCDD006)*
In the southern part of NW Array, 21.34m @ 1.32 g/t Au from 32.00m, incl. 13.72m @ 1.79 g/t Au
(26TCRC034), with assays from other RC holes in the same area pending
About 1.2km to the north-northeast, 19.81m @ 0.75 g/t Au from 42.67m (26TCRC022), on the same step-
out line as 26TCRC0232
, building on the interpreted north-northeast trend described in that release
To the south, 13.72m @ 1.10 g/t Au from 16.76m, incl. 6.10m @ 1.76 g/t Au (26TCRC009), on a line testing
a possible westward extension of the Scrafford Shear
Mine permit application lodged with the Alaska Department of Natural Resources on 11 November 2026
(Alaska time), after extensive consultation with State departments within the State's coordinated permitting
process1
, for a small, seasonal mining operation at the NW Array prospect, a step toward the Company's
target of mining operations in June 2027, subject to State approval of the mine permit1
More results to come: gold results are now reported for 36 of the 80 holes drilled in 2026; results for the
remaining 14 RC and 30 diamond holes, and antimony assays for eight holes in this release, are pending
All intersections are downhole lengths; true widths are not known. Continuity of mineralisation between the step-
out lines and NW Array has not been established. *Cautionary: core recovery 43%, see page 6.
Executive Director's comment
Felix Gold's Executive Director, Joseph Webb, commented:
"Our plan is to move Treasure Creek toward mining operations targeted to start in June 2027, while continuing to
develop our U.S. refinery, which we're targeting to operate in the first half of 20281
. Lodging the mine permit
application is an important step after extensive consultation within a State-coordinated process. The drilling
results are flowing through and will feed into the resource modelling and technical studies for the mine, which are
nearing completion.
"Within the proposed resource development area, hole 26TCDD006 returned 9.12 metres downhole at 4.51 grams
per tonne gold from surface, a result to be treated with caution because of low core recovery, and hole
26TCDD007 returned 20.78 metres downhole at 0.91 grams per tonne gold from surface. Hole 26TCRC034
returned 21.34 metres downhole at 1.32 grams per tonne gold from 32 metres.
Refer to ASX announcements:
1
Quarterly Activities and Cashflow Reports, 30 Oct 2026 2
First Gold Assay Results from 2026 Step-Out Drilling, 29 Oct 2026
Felix Gold Limited (ASX:FXG)
Registered office: Unit 11, 44 Station Road, Yeerongpilly QLD 4105 | ACN 645 790 281 | www.felixgold.com.au | ir@felixgold.com.au
1
ASX Announcement
12 November 2026
"We've also tested the broader trend, with step-out results to the north and southwest building on results reported
about 1.2 kilometres north-northeast of the proposed area. That's encouraging and gives us a better sense of the
potential extent of the gold system.
"Treasure Creek's near-term focus is an antimony-led development, but the gold results are building a valuable
second part of the story. We're seeing near-surface oxide gold around the antimony veins, including these results
above one gram per tonne within the proposed development area. As we build our understanding of the gold,
we're assessing how that material could be mined alongside the antimony and whether it can add value to the
operation. The antimony assays, particularly from holes within the proposed pit, are still pending and will be
important to our mine studies."
Cautionary statement: The Company cautions that it is assessing the economic viability of near-term antimony
production. No Mineral Resources or Ore Reserves have been declared for antimony, and no JORC-compliant
economic studies have been completed. There is no certainty that further work will result in the estimation of an
antimony Mineral Resource. Any progression toward production remains subject to further technical, regulatory
and commercial evaluation, permitting approvals, funding and formal Board approval. The Company may elect to
progress parts or all of the project prior to completion of such compliant studies. Timing statements for mining and
downstream processing are aspirational, not production targets. They depend on permitting, funding and further
studies, and there is no certainty they will be achieved.
Treasure Creek Project overview
The Treasure Creek Project is located in the Fairbanks Mining District, Alaska, approximately 30km northeast of
Fairbanks and 20 minutes from Felix's operational base. The project hosts the historic Scrafford Mine, Alaska's
second-largest historical antimony producer, with recorded production grades of up to 58% Sb, representing a
second high-grade antimony system within Felix Gold's tenure.
Figure 1. Treasure Creek Project location. The dashed box marks the area of Figure 3. Tenure: State of Alaska DNR, 18 September 2026.
Roads, railway and third-party operations: OpenStreetMap contributors and public sources. Eielson distance measured on the map. All
indicative.
Felix Gold Limited (ASX:FXG) 2
ASX Announcement
12 November 2026
NW Array prospect
The NW Array prospect hosts both high-grade antimony and gold mineralisation within the same structural
corridor. Gold generally forms a broader mineralisation halo within and around antimony-bearing structures, the
same geological system delivering value from two commodities. Felix Gold's systematic exploration has defined
multiple mineralised structures within an expanding footprint, with both gold and antimony mineralisation
reported as open in multiple directions in May 20261
.
Mine permit application for NW Array
Felix Gold lodged its mine permit application for proposed mining at NW Array with the Alaska Department of
Natural Resources (DNR) on 11 November 2026 (Alaska time). In Alaska the application is made as a Plan of
Operations. The Company already holds the State mining leases: together with a reclamation plan, an approved
Plan of Operations is the State's principal approval to mine.
The application
The applicant is Felix Gold Alaska Treasure Creek, Inc. The plan covers
State upland mining leases on Fairbanks North Star Borough surface
lands and sets out a small, seasonal operation at NW Array, mining
massive stibnite veins to produce an antimony concentrate. Gold-bearing
material mined with the antimony would be sorted and stockpiled on site
for potential future treatment. The gold results in this announcement are
Exploration Results, and no estimate of tonnes or grade to be mined is
made or implied. It asks the State to permit:
a single small open pit
a crushing, screening and ore sorting plant that uses no chemicals
waste rock and stockpile areas and site infrastructure
about 112 acres (45 hectares) of disturbance in total, including 20
acres for exploration
seasonal working in 2027 and 2028 by about 25 staff and
contractors, with no camp on site
water and waste management, monitoring, reclamation and closure,
and the reclamation bond
Status
This is an application, not an approval. DNR will review the Plan of
Operations. Other approvals are required before mining can begin,
including approval of the reclamation plan and an individual reclamation
bond; permits from the Alaska Department of Environmental
Conservation for waste, contact water, stormwater and air, where
required; temporary water use authorisations from DNR, where needed;
and a mining lease from the Fairbanks North Star Borough. The project is
not on federal land: no NEPA and no federal Environmental Impact
Statement, and permitting stays with the State.2,3
Figure 2. NW Array project area within the State
upland mining leases. The dotted outline is the
proposed open pit in the mine permit application;
the box around it is the proposed resource
development area, indicative only and not the
outline of a Mineral Resource or Ore Reserve. The
felsic porphyry is the shape shown in Figure 3
Refer to ASX announcements:
1
Further Near-Surface High-Grade Gold Across NW Array, 22 May 2026
2
Investor Presentation, 9 Oct 2026
3
Quarterly Activities and Cashflow Reports, 30 Oct 2026
Felix Gold Limited (ASX:FXG) 3
ASX Announcement
12 November 2026
FIGURE 4
FIGURE 4
a
b
o
u
t
2
.
0
k
m
n
o
r
t
h
t
o
s
o
u
t
h
about
2.0
km
north
to
south
461200 E 461600 E 462000 E 462400 E 462800 E
7208400
N
7208800
N
7209200
N
7209600
N
7210000
N
0
0 100
100 200 m
200 m
N
A
A
B
B
PROPOSED RESOURCE
PROPOSED RESOURCE
DEVELOPMENT AREA
DEVELOPMENT AREA
Infill drilling: gold from surface
Infill drilling: gold from surface
in all five diamond holes
in all five diamond holes
reported
reported
Treasure Creekgold results
Gold, grade x downhole length (g/t x m)
Under 5
5 to 10
10 to 20
20 to 40
Over 40
This announcement (black outline)
Previously reported (no outline)
No significant intersection
Assays pending
Felsic porphyry
Proposed resource development area (indicative)
Section line
2026 drilling
NW Array: gold from surface in all
five diamond holes reported,
inside the proposed resource
development area
Step-outs: significant gold on
every line, in 12 of the 17 RC holes
reported, to the north-northeast,
north, southwest and south
Continuity of mineralisation between the
step-out lines and NW Array has not been
established.
STEP-OUT NORTH-NORTHEAST
STEP-OUT NORTH-NORTHEAST
about 1.2 km
about 1.2 km
STEP-OUT NORTH
STEP-OUT NORTH
STEP-OUT SOUTHWEST
STEP-OUT SOUTHWEST
STEP-OUT SOUTH
STEP-OUT SOUTH
SOUTHERN NW ARRAY
SOUTHERN NW ARRAY
EASTERN NW ARRAY
EASTERN NW ARRAY
26TCRC034
21.34m @ 1.32 g/t Au
from 32.00m, incl. 13.72m @ 1.79 g/t Au
26TCRC009
13.72m @ 1.10 g/t Au
from 16.76m, incl. 6.10m @ 1.76 g/t Au
26TCRC021
15.24m @ 0.93 g/t Au
from 36.58m, incl. 6.10m @ 1.41 g/t Au
26TCRC022
19.81m @ 0.75 g/t Au
from 42.67m
26TCDD006
9.12m @ 4.51 g/t Au
from surface; core recovery 43%
26TCDD001
9.40m @ 0.68 g/t Au
from surface
1.70m @ 10.85% Sb from 6.00m
26TCDD007
20.78m @ 0.91 g/t Au
from surface,
incl. 7.60m @ 1.50 g/t Au from 4.56m
Figure 3. Treasure Creek gold results.
Dots are gold intervals composited by the Competent Person at a 0.3 g/t Au cut-off, plotted at their midpoints projected to surface.
Downhole widths; true widths are not known
Felix Gold Limited (ASX:FXG) 4
ASX Announcement
12 November 2026
2026 drilling program
Gold results from the 2025 NW Array drilling program were reported progressively through the first half of
20261,2,3,4
. Before this season, drilling at NW Array covered a footprint of about 400 × 200 m around the main
antimony target area5
, with mineralisation remaining open in multiple directions4
.
The 2026 RC program had two primary objectives:
1. To test for immediate extensions to the gold and antimony mineralisation defined in the 2025 program, in and
around the NW Array bulk sample open cut, where bulk sample extraction of high-grade antimony began in
June 20266
2. To begin wider step-out drilling along an interpreted broader north-northeast trend of gold mineralisation,
indicated by sparse historic drilling and gold-in-soil geochemical anomalies
The 2026 RC program was designed to expand the footprint of shallow (<100m depth) gold mineralisation in
Treasure Creek and to infill key parts of the NW Array prospect. Targets to the north of NW Array included follow-up
of historic drill results in porphyry and testing of soil anomalies. Drilling south and west of NW Array was targeted
at interpreted structures in schist. Drilling for the season is complete: 80 holes, comprising 45 RC holes and 35
diamond holes.
Results for the first seven RC holes were reported on 29 October 20267
. This announcement reports a further 29
holes: nine RC holes north of NW Array (Figures 3 and 6), and 15 RC holes and five diamond holes at NW Array and
to its southwest and south (Figure 4). Results for the remaining 14 RC holes and 30 diamond holes are pending.
Diamond drilling in 2026 was targeted at testing shallow gold-antimony mineralisation in areas of NW Array where
there were some gaps in previous drilling.
Gold and antimony results
North of NW Array
Holes 26TCRC020, 021, 022 and 025 were drilled on a north-south line about 1.2km north-northeast of the main
NW Array prospect. This area had one RC hole from 2022 that intersected sub-1 g/t Au in felsic (ASX
announcement, 1 December 2022). Two holes on the line intersected significant gold mineralisation. 26TCRC022
has 19.81m @ 0.75 g/t Au from 42.67m, within a felsic sill, with grades increasing towards the bottom contact
with schist. 26TCRC021 has 15.24m @ 0.93 g/t Au from 36.58m, incl. 6.10m @ 1.41 g/t Au, again within felsic
sill. Hole 26TCRC025 contained a low-grade intersection of 12.19m @ 0.54 g/t Au within felsic immediately above
the bottom contact with schist. Hole 26TCRC020 did not return any significant intersections.
Scrafford Shear Extension
Several lines of holes were planned to the south of NW Array to intersect a structure that could be discerned on
LiDAR and magnetics as being the possible westward extension of the mineralised Scrafford Shear, an east-west
striking and steeply south dipping structure that hosts antimony mineralisation within schist at the historic
Scrafford Mine. Only one line of RC holes (26TCRC009 to 012) could be completed due to access difficulties arising
Refer to ASX announcements:
1
Drilling Confirms Broad Zones of Gold at Treasure Creek, 29 Jan 2026
2
NW Array Drilling Confirms Extension to Gold Mineralisation, 13 Feb 2026
3
Drilling Confirms Additional Near-Surface Gold Zones, 2 Apr 2026
4
Further Near-Surface High-Grade Gold Across NW Array, 22 May 2026
5
Investor Presentation, 20 Jul 2026
6
Extraction Commences at High-Grade US Antimony Project, 4 Jun 2026
7
First Gold Assay Results from 2026 Step-Out Drilling, 29 Oct 2026
Felix Gold Limited (ASX:FXG) 5
ASX Announcement
12 November 2026
from the terrain in this area. No significant antimony mineralisation was found but all holes intersected some gold,
with best results from 26TCRC009 (13.72m @ 1.10 g/t Au from 16.76m, including 6.10m @ 1.76 g/t Au from
19.81m) and 26TCRC011 (10.67m @ 0.86 g/t Au from 48.77m). Hole 26TCRC009 did include some weakly
anomalous Sb (a maximum of 0.085% Sb over 1.52m). All holes were logged as intersecting schist and a structure
dipping approximately 60° south.
Southern NW Array
Results from two holes in the southern NW Array area (26TCRC032 and 26TCRC034) included gold mineralisation
within the felsic sill and across the contact into underlying schist in the case of hole 26TCRC034 (Figure 4). Assays
from other RC holes in the same area are still pending and should provide better understanding of the scale and
distribution of gold mineralisation in the southern part of the main NW Array deposit.
Shallow diamond drilling at NW Array
Four diamond holes within the main NW Array deposit were targeted as shallow intersections of the felsic-schist
contact that elsewhere contains significant gold and antimony mineralisation hosted in fault breccia (Figures 4 and
5). Hole 26TCDD005 returned 9.00m @ 1.06 g/t Au from surface (core recovery 82%). Hole 26TCDD001 returned
9.40m @ 0.68 g/t Au from surface (core recovery 72%), with 1.70m @ 10.85% Sb from 6.00m. Hole 26TCDD009
returned 13.68m @ 0.72 g/t Au from surface (core recovery 75%) and hole 26TCDD006 returned 9.12m @ 4.51
g/t Au from surface (core recovery 43%). Core recoveries from the highly friable weathered fault zone were highly
variable, and the composited high-grade result from hole 26TCDD006 in particular should be treated with caution
as it is influenced by a single result of 10.76 g/t Au taken across a zone of >50% core loss.
Hole 26TCDD007 returned 20.78m @ 0.91 g/t Au from surface, including 7.60m @ 1.50 g/t Au from 4.56m. This
hole is wholly within felsic and as with many other holes in the same area, gold mineralisation is associated with a
broad interval of brecciation and fracturing.
Other areas
Southwest of NW Array, a line of RC holes within schist were targeted at weak gold in soil anomalism on this part of
the ridge crest. Hole 26TCRC004 returned 4.57m @ 1.16 g/t Au from 41.15m, including 1.52m @ 2.57 g/t Au and
hole 26TCRC003 returned 4.57m @ 0.55 g/t Au from surface. Holes 26TCRC001 and 26TCRC002 returned no
significant intersections.
North of the main NW Array deposit within schist another line of RC holes (26TCRC013-016 and 018) were
targeted at another area of gold in soil anomalism. Some narrow gold intersections were produced, with the best
result of 4.57m @ 1.17 g/t Au from 1.52m in hole 26TCRC014 likely related to a small fault/vein structure.
In the eastern part of NW Array, holes 26TCRC039, 042 and 044 were drilled to confirm some previous results and
better constrain mineralisation trends. Hole 26TCRC042 returned 4.57m @ 1.60 g/t Au from 42.67m at the felsic
sill/schist lower contact. Hole 26TCRC044 returned 6.10m @ 0.49 g/t Au from 96.01m to the last sample of the
hole at 102.11m, providing a constraint to the trend of a broad mineralised intersection from 22TCRC078 (ASX
announcement, 18 October 2022). Hole 26TCRC039 only intersected two narrow zones of low-grade gold.
Geological context
Results from drill holes about 1.2km away from the main NW Array deposit demonstrate the potential of the felsic
sill to host gold mineralisation in other locations. A broad area of the interpreted sill extent remains untested and
Felix Gold Limited (ASX:FXG) 6
ASX Announcement
12 November 2026
provides a target zone for drilling in 2027. The gold mineralisation to the south of NW Array also shows that
significant mineralised structures can also occur within schist unrelated to the felsic sill contact.
Shallow diamond holes within NW Array add to the inventory of higher-grade near-surface gold mineralisation
associated with fault breccias at the schist-felsic contact and wholly within the felsic sill itself. Results from within
the southern drilled extent of the felsic sill also provide potential for expanding the zone of bulk low-grade
mineralisation.
A
A
B
B
PROPOSED RESOURCE
PROPOSED RESOURCE
DEVELOPMENT AREA
DEVELOPMENT AREA
26TCDD001
9.40m @ 0.68 g/t Au
from 0.00m
1.70m @ 10.85% Sb from 6.00m
26TCDD005
9.00m @ 1.06 g/t Au
from 0.00m
26TCDD006
9.12m @ 4.51 g/t Au
from 0.00m
core recovery 43%
26TCDD007
20.78m @ 0.91 g/t Au
from 0.00m, incl. 7.60m @ 1.50 g/t Au
26TCDD009
13.68m @ 0.72 g/t Au
from 0.00m, incl. 3.04m @ 1.34 g/t Au
26TCRC009
13.72m @ 1.10 g/t Au
from 16.76m, incl. 6.10m @ 1.76 g/t Au
26TCRC011
10.67m @ 0.86 g/t Au
from 48.77m
9.14m @ 0.62 g/t Au from 71.63m
26TCRC034
21.34m @ 1.32 g/t Au
from 32.00m, incl. 13.72m @ 1.79 g/t Au
15.24m @ 0.62 g/t Au from 13.72m
6.10m @ 0.98 g/t Au from 80.77m
25TCDC023
47.43m @ 2.45 g/t Au
from 29.35m
ASX 29 Jan 2026
25TCDC007
29.41m @ 3.90 g/t Au
from 49.25m
ASX 29 Jan 2026
25TCDC001
13.75m @ 7.69 g/t Au
from 3.29m, incl. 4.89m @ 20.42 g/t Au
ASX 25 Nov 2025
23TCRC155
54.90m @ 1.80 g/t Au
from 1.50m
7.62m @ 10.47% Sb from 30.48m
Sb estimated true width 7.5m
ASX 24 Jul 2023; Sb 13 Mar 2026
25TCDC026
37.65m @ 2.02 g/t Au
from 48.55m
8.67m @ 12.51% Sb from 17.08m
Sb estimated true width 1.5m
ASX 2 Apr 2026; Sb 13 Mar 2026
25TCDC064
29.26m @ 2.16 g/t Au
from 13.41m
ASX 22 May 2026
25NWTR001
26.00m @ 1.86 g/t Au
Surface trench, from 46.00m along the trench
ASX 13 Feb 2026
26TCRC031
15.24m @ 0.59 g/t Au
from 32.00m
ASX 29 Oct 2026
NW Array and surrounds
Gold intervals, g/t Au
0.3 to 0.6 0.6 to 1
1 to 2 Over 2
Under 0.3
Drilling
Reported
Assays pending
Previously reported
26TCRC000 Reported in this announcement
Felsic porphyry
461200 E 461400 E 461600 E 461800 E 462000 E 462200 E
7208200
N
7208400
N
7208600
N
7208800
N
7209000
N
7209200
N
7209400
N
0
0 50
50 100 m
100 m
N
Figure 4. NW Array and surrounds, plan view, with the proposed resource development area (indicative) and Section A to B (Figure 5).
Drill intervals are downhole widths and the trench interval is a length along the trench. True widths are not known, except for the two antimony intervals,
shown with their estimated true widths as lodged on 13 March 2026. Collar locations and hole numbers are shown in Figure 6
Felix Gold Limited (ASX:FXG) 7
ASX Announcement
12 November 2026
26TCDD034
26TCDD034
@ 4.51 g/t Au
from 0.00m
26TCDD007
20.78m @ 0.91 g/t Au
from 0.00m
26TCDD009
13.68m @ 0.72 g/t Au
from 0.00m
26TCDD005
9.00m @ 1.06 g/t Au
from 0.00m
450
450 450
450
475
475
RL m
RL m RL m
RL m
461708 E
461708 E
7208940 N
7208940 N
A
A 461708 E 7209040 N
461708 E 7209040 N B
B
461708 E 7208880 N
461708 E 7208880 N
SECTION LINE 000 TO 180, LOOKING TOWARD 090
SECTION LINE 000 TO 180, LOOKING TOWARD 090
0
0 25
25 50 m
50 m
Vertical scale as horizontal
Vertical scale as horizontal
SectionAtoB,NWArray
Gold and antimony results, 12 November 2026
Reading a hole
Gold left of the hole, antimony right
Bracket: the extent of a reported interval
Drilling
Reported
Previously reported
Assays pending
Assays
Gold, g/t Au
0.3 to 0.6 0.6 to 1
1 to 2 over 2
Antimony, % Sb
1 to 5 over 5
Model and ground
Felsic porphyry
Figure 5. NW Array: Section A to B through shallow diamond holes 26TCDD009, 26TCDD006, 26TCDD005 and 26TCDD007, each reported
from surface; its ends are marked A and B on Figure 4. Downhole widths; true widths are not known. Core recovery over the reported
interval in 26TCDD006 averaged 43%
Table 1: Significant gold intersections
Hole ID From (m) To (m) Interval (m) Au (g/t) Sb (%) Core recovery (%)
26TCDD001 0.00 9.40 9.40 0.68 2.019 72
26TCDD001 21.56 24.60 3.04 0.52 0.006 38
26TCDD005 0.00 9.00 9.00 1.06 Assays pending 82
26TCDD006 0.00 9.12 9.12 4.51 Assays pending 43
26TCDD007 0.00 20.78 20.78 0.91 Assays pending 91
incl. 4.56 12.16 7.60 1.50 Assays pending 93
26TCDD009 0.00 13.68 13.68 0.72 Assays pending 75
incl. 3.04 6.08 3.04 1.34 Assays pending 63
26TCDD009 21.28 24.32 3.04 0.66 Assays pending 80
26TCRC001 NSI
26TCRC002 NSI
26TCRC003 0.00 4.57 4.57 0.55 0.005
26TCRC004 41.15 45.72 4.57 1.16 0.003
incl. 44.20 45.72 1.52 2.57 0.004
26TCRC009 16.76 30.48 13.72 1.10 0.026
incl. 19.81 25.91 6.10 1.76 0.047
26TCRC010 15.24 19.81 4.57 0.57 0.007
26TCRC010 74.68 79.25 4.57 0.42 0.008
26TCRC010 91.44 94.49 3.05 0.78 0.005
26TCRC011 48.77 59.44 10.67 0.86 0.007
26TCRC011 71.63 80.77 9.14 0.62 0.006
Felix Gold Limited (ASX:FXG) 8
ASX Announcement
12 November 2026
Hole ID From (m) To (m) Interval (m) Au (g/t) Sb (%) Core recovery (%)
26TCRC012 32.00 36.58 4.57 0.55 0.006
26TCRC012 42.67 47.24 4.57 0.58 0.004
26TCRC012 64.01 68.58 4.57 0.66 0.006
26TCRC013 NSI
26TCRC014 1.52 6.10 4.57 1.17 0.001
26TCRC015 35.05 41.15 6.10 0.48 0.172
26TCRC016 NSI
26TCRC018 28.96 33.53 4.57 0.43 0.011
26TCRC018 56.39 59.44 3.05 0.43 0.002
26TCRC020 NSI
26TCRC021 7.62 10.67 3.05 1.03 0.002
26TCRC021 36.58 51.82 15.24 0.93 0.007
incl. 39.62 45.72 6.10 1.41 0.008
26TCRC021 54.86 68.58 13.72 0.62 0.006
26TCRC022 42.67 62.48 19.81 0.75 0.005
incl. 56.39 60.96 4.57 1.29 0.007
26TCRC022 67.06 70.10 3.05 0.47 0.004
26TCRC025 24.38 36.58 12.19 0.54 0.007
26TCRC025 44.20 45.72 1.52 2.01 0.004
26TCRC027 NSI
26TCRC029 0.00 4.57 4.57 0.44 0.046
26TCRC029 9.14 13.72 4.57 0.78 0.011
26TCRC029 22.86 25.91 3.05 0.87 0.004
26TCRC032 0.00 9.14 9.14 0.62 Assays pending
incl. 3.05 4.57 1.52 2.19 Assays pending
26TCRC032 10.67 19.81 9.14 0.84 Assays pending
26TCRC032 42.67 45.72 3.05 0.55 Assays pending
26TCRC034 13.72 28.96 15.24 0.62 Assays pending
26TCRC034 32.00 53.34 21.34 1.32 Assays pending
incl. 35.05 48.77 13.72 1.79 Assays pending
26TCRC034 80.77 86.87 6.10 0.98 Assays pending
26TCRC034 89.92 92.96 3.05 0.35 Assays pending
26TCRC039 54.86 57.91 3.05 0.52 Assays pending
26TCRC039 83.82 86.87 3.05 0.39 Assays pending
26TCRC042 9.14 15.24 6.10 0.40 Assays pending
26TCRC042 42.67 47.24 4.57 1.60 Assays pending
26TCRC044 18.29 21.34 3.05 0.81 0.012
26TCRC044 96.01 102.11 6.10 0.49 0.007
Shaded intervals are those labelled on Figures 3, 4 and 5. Reported intervals are downhole lengths; true widths are
not known. Gold assays by PhotonAssay (ALS Au-PA01, about 500g) at ALS Global laboratories; antimony by four-
acid ICP-MS, with samples over 2,000 ppm Sb re-analysed by lithium borate fusion and XRF. Significant gold
intersections are at least 3.0m of continuous mineralisation above 0.3 g/t Au, with a maximum of two RC sample
intervals (3.05m) of total internal waste; a single higher-grade sample is reported where it exceeds 2 g/t x m.
Higher-grade inclusions use a 1 g/t Au cut-off. Grades are length-weighted averages with no top-cut applied. Core
recovery is the average over the interval, for diamond holes. NSI: no significant intersections meeting the reporting
criteria. Antimony assays are pending for holes 26TCDD005, 26TCDD006, 26TCDD007, 26TCDD009, 26TCRC032,
26TCRC034, 26TCRC039 and 26TCRC042.
Felix Gold Limited (ASX:FXG) 9
ASX Announcement
12 November 2026
Table 1b: Significant antimony intersections
Hole ID From (m) To (m) Interval (m) Sb (%)
26TCDD001 6.00 7.70 1.70 10.85
26TCRC015 39.62 41.15 1.52 0.67
Significant antimony intersections are above a 0.2% Sb cut-off, with a maximum of 3m of total internal waste.
Table 2: Collar details
Hole ID Type Easting Northing Elevation (m) Azimuth Dip Depth (m)
26TCDD001 DD 461653.53 7208941.74 479.63 250 -55 30.00
26TCDD005 DD 461702.41 7208958.39 469.90 315 -60 30.00
26TCDD006 DD 461712.31 7208990.92 467.32 180 -60 30.40
26TCDD007 DD 461708.45 7208914.18 466.37 180 -60 31.58
26TCDD009 DD 461710.77 7209010.34 468.20 315 -60 30.00
26TCRC001 RC 461231.03 7208549.19 554.90 330 -60 100.00
26TCRC002 RC 461228.86 7208592.24 552.64 330 -60 100.00
26TCRC003 RC 461252.48 7208497.53 552.97 330 -60 97.54
26TCRC004 RC 461247.50 7208643.94 549.44 330 -60 102.11
26TCRC009 RC 461456.47 7208249.56 517.21 360 -60 53.34
26TCRC010 RC 461447.40 7208171.43 522.84 360 -60 100.58
26TCRC011 RC 461448.90 7208199.95 521.06 360 -60 83.82
26TCRC012 RC 461434.06 7208219.98 521.90 360 -60 97.54
26TCRC013 RC 461695.58 7209949.46 425.15 5 -60 76.20
26TCRC014 RC 461713.06 7209904.77 432.03 5 -60 92.96
26TCRC015 RC 461706.05 7209858.27 436.29 5 -60 88.39
26TCRC016 RC 461708.56 7209803.95 443.06 5 -60 100.58
26TCRC018 RC 461718.24 7209705.75 453.54 5 -60 109.73
26TCRC020 RC 462198.19 7210252.57 451.19 331 -60 100.58
26TCRC021 RC 462209.46 7210208.73 450.71 330 -61 100.00
26TCRC022 RC 462204.91 7210172.90 449.25 330 -60 100.00
26TCRC025 RC 462210.03 7210097.49 443.04 330 -60 96.01
26TCRC027 RC 461557.41 7209028.58 496.28 330 -60 100.00
26TCRC029 RC 461593.09 7208938.84 491.37 330 -60 100.58
26TCRC032 RC 461560.21 7208740.65 494.02 330 -60 85.34
26TCRC034 RC 461625.31 7208647.41 476.10 330 -60 92.96
26TCRC039 RC 461863.10 7208849.22 425.86 360 -60 100.58
26TCRC042 RC 461861.41 7209019.66 431.65 360 -60 100.58
26TCRC044 RC 461970.33 7208775.29 398.00 315 -60 102.11
Grid NAD83 UTM Zone 6N. DD: diamond; RC: reverse circulation. Elevations are the collar positions on the 2017
lidar ground surface. Azimuth and dip are planned collar orientations; downhole surveys are not yet available.
Felix Gold Limited (ASX:FXG) 10
ASX Announcement
12 November 2026
RC hole, this announcement
Diamond hole, this announcement
Assays pending
Previously reported drill hole
Felsic porphyry
Proposed resource development area (indicative)
0
0 25
25 50 m
50 m
26TCDD001
26TCDD001
26TCDD005
26TCDD005
26TCDD006
26TCDD006
26TCDD007
26TCDD007
26TCDD009
26TCDD009
26TCRC001
26TCRC001
26TCRC002
26TCRC002
26TCRC003
26TCRC003
26TCRC004
26TCRC004
26TCRC009
26TCRC009
26TCRC010
26TCRC010
26TCRC011
26TCRC011
26TCRC012
26TCRC012
26TCRC013
26TCRC013
26TCRC014
26TCRC014
26TCRC015
26TCRC015
26TCRC016
26TCRC016
26TCRC018
26TCRC018
26TCRC020
26TCRC020
26TCRC021
26TCRC021
26TCRC022
26TCRC022
26TCRC025
26TCRC025
26TCRC027
26TCRC027
26TCRC029
26TCRC029
26TCRC032
26TCRC032
26TCRC034
26TCRC034
26TCRC039
26TCRC039
26TCRC042
26TCRC042
26TCRC044
26TCRC044
NORTH OF NW ARRAY
NORTH OF NW ARRAY
SOUTH OF NW ARRAY
SOUTH OF NW ARRAY
PROPOSED RESOURCE
PROPOSED RESOURCE
DEVELOPMENT AREA
DEVELOPMENT AREA
461200 E 461600 E 462000 E 462400 E 462800 E
7208400
N
7208800
N
7209200
N
7209600
N
7210000
N
0
0 100
100 200 m
200 m
N
Figure 6. Drill collar locations: the 29 holes reported in this announcement, with hole numbers, and the proposed resource development area (indicative). The line
from each collar is the hole's direction in plan, from planned orientations. The inset enlarges the five diamond holes at NW Array. Collar details are in Table 2
This announcement has been authorised for release by the Board of Felix Gold Limited.
Felix Gold Limited (ASX:FXG) 11
ASX Announcement
12 November 2026
Enquiries
Joseph Webb
Executive Director
ir@felixgold.com.au
Corporate office
Unit 11, 44 Station Road
Yeerongpilly QLD 4105, Australia
+61 7 3041 1370
Project office
3133 Davis Rd
Fairbanks, AK 99709
USA
About Felix Gold
Felix Gold Limited (ASX: FXG) is pursuing a strategy of U.S. ore to U.S. metal: to mine antimony at Treasure Creek in
Alaska's Fairbanks Mining District and refine it into metal in the United States. The strategy comprises three parts:
Secure the ore: Treasure Creek direct shipping material has bee
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