Announcement PDF ASX Announcement 29th Jan 2026 Drilling Confirms Broad Zones of ​ Gold Mineralisation at Treasure Creek​ As Gold Price Reaches Record Levels Gold exploration advances alongside antimony metal production program Felix Gold Limited (ASX: FXG) is pleased to report gold assay results from drilling at the NW Array prospect within the Treasure Creek project area in Alaska. Results include 47.43m @ 2.45 g/t Au from 29.35m in hole 25TCDC023 and 29.41m @ 3.90 g/t Au from 49.25m in hole 25TCDC007, confirming broad zones of gold mineralisation within the same structural corridor that hosts high-grade antimony. The results come as gold prices have reached all-time highs, exceeding US$5,000/oz this week. NW Array is located 30km by road from Kinross Gold's Fort Knox mill, which is actively seeking additional ore sources under its Kinross Alaska strategy. Key Highlights High-Grade Gold Results ●​ 47.43m @ 2.45 g/t Au from 29.35m, including 20.27m @ 3.35 g/t Au (Hole 25TCDC023) ●​ 29.41m @ 3.90 g/t Au from 49.25m (Hole 25TCDC007) ●​ 41.14m @ 0.96 g/t Au from 21.34m, including 10.67m @ 2.19 g/t Au (Hole 25TCRC018) ●​ 22.86m @ 0.65 g/t Au from 28.96m (Hole 25TCRC036) ●​ 16.76m @ 0.60 g/t Au from 22.86m, including 1.53m @ 1.78 g/t Au (Hole 25TCRC012) ●​ High-grade intersections associated with major fault structure containing 'black breccia' ●​ Gold mineralisation extends into hangingwall zones that also host antimony ●​ Mineralisation remains open along strike and at depth Strategic Timing ●​ Gold price exceeds US$5,000/oz — all-time high reached this week ●​ Felix is the largest landholder in the Fairbanks Gold Mining District ●​ NW Array located 30km from Fort Knox — a Tier 1 mill actively seeking ore ●​ District has produced 16+ Moz gold historically with established infrastructure​ Video Update Watch Joe Webb's 2-minute explainer, ask questions, and join the conversation on our Investor Hub. Felix Gold Limited (ASX.FXG)​ ​ 1 ASX Announcement 29th Jan 2026 Executive Director's Comment Felix Gold's Executive Director, Joseph Webb, commented: "47m at 2.45 grams per tonne gold — with higher-grade zones exceeding 3 grams — tied to previous results confirms a significant mineralised system 30 kilometres from Fort Knox. With gold exceeding US$5,000 per ounce this week, the timing couldn't be sharper. Kinross has publicly stated its strategy: sourcing third-party ore to feed an underutilised Tier 1 Fort Knox Mine. They're already trucking material 250 miles from Manh Choh. We're 30 kilometres away with 831,000 ounces of JORC gold and the largest land position in the district. The pathway exists — they've proven it works. But gold is only half the Felix Gold story. We're building America's Antimony Solution — targeting the first fully integrated U.S. mine-to-metal operation in over 30 years. The U.S. has zero domestic production, China controls 90% of global supply and has banned exports, and antimony is critical for defence and energy security. Felix Gold is advancing toward military-grade antimony metal production from proven domestic ore, with a clear pathway to near-term production. What makes this compelling is that these opportunities are geologically linked. Gold forms broader mineralised halos around high-grade corridors that host both gold and antimony. Material that might otherwise be waste in an antimony operation becomes potential mill feed for Fort Knox. Antimony delivers the near-term catalyst. Gold delivers strategic depth at record prices. Two commodities, one platform — both advancing." 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 and no JORC-compliant economic studies have been completed. Any progression toward production remains subject to further technical, regulatory and commercial evaluation, permitting approvals and formal Board approval. The Company may elect to progress parts or all of the project prior to completion of such compliant studies.Statements regarding peer projects are based on the Company's review of publicly available information and the Company has not conducted an exhaustive review of all antimony projects globally. A Premier Gold Mining District Felix is the largest landholder in the Fairbanks Gold Mining District, with 831,000 oz of JORC gold resources and significant exploration upside across 388,000+ acres in Alaska's most productive gold region. The district has produced over 16 million ounces of gold historically and hosts Kinross Gold's Fort Knox mine — a Tier 1 operation located just 30km from NW Array by paved road. Established infrastructure, including grid power, year-round road access, skilled workforce, and proximity to processing facilities, provides a straightforward development pathway (Fig 1). Kinross's Kinross Alaska strategy involves consolidating regional ore sources to feed the Fort Knox mill. The company is currently trucking ore 250 miles from Manh Choh, demonstrating willingness to source material from significant distances. NW Array's proximity — 30km versus 250 miles — represents a potential toll treatment pathway that could complement Felix Gold's primary antimony focus. Felix Gold Limited (ASX.FXG)​ ​ 2 ASX Announcement 29th Jan 2026 ​ Fig 1. Location of reporting gold results from NW Array, shown within the Fairbanks Gold Mining District 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. The prospect includes the historic Scrafford Mine, Alaska's second-largest historical antimony producer. Felix Gold's systematic exploration has defined multiple mineralised structures within an expanding footprint, with both gold and antimony mineralisation remaining open in multiple directions. Gold Drilling Results — NW Array Program Overview Gold assays have been received and interpreted for 11 drill holes in the central part of the NW Array prospect. Assay results are now being received on a regular basis and additional market announcements will be made over the coming weeks. Results Significant gold intersections are summarised in Table 1, with drill hole collar details in Table 2. Felix Gold Limited (ASX.FXG)​ ​ 3 ASX Announcement 29th Jan 2026 ​ Table 1: Significant Gold Intersections Hole ID From (m) To (m) Interval (m) Au g/t 25TCDC007 31.46 35.69 4.23 0.47 25TCDC007 and 38.17 44.87 6.7 0.43 25TCDC007 and 49.25 78.66 29.41 3.9 25TCDC023 1.49 10.97 9.48 0.38 25TCDC023 and 20.08 28.7 8.62 0.54 25TCDC023 and 29.35 76.78 47.43 2.45 25TCDC023 including 33.48 36.05 2.57 1.45 25TCDC023 and including 41.84 55.63 13.79 2.7 25TCDC023 and including 56.03 76.3 20.27 3.35 25TCMW001 21.34 39.62 18.28 0.54 25TCRC006 0 9.14 9.14 0.46 25TCRC007 0 3.05 3.05 0.34 25TCRC007 and 18.29 25.91 7.62 0.6 25TCRC012 22.86 39.62 16.76 0.6 25TCRC012 including 24.38 25.91 1.53 1.78 25TCRC013 45.72 50.29 4.57 1.39 25TCRC013 including 47.24 48.77 1.53 2.71 25TCRC016 7.62 10.67 3.05 0.39 25TCRC016 and 21.34 24.38 3.04 0.42 25TCRC016 and 27.43 30.48 3.05 0.51 25TCRC016 and 47.24 51.82 4.58 0.61 25TCRC016 and 54.86 67.06 12.2 0.46 25TCRC018 3.05 9.14 6.09 0.38 25TCRC018 and 21.34 62.48 41.14 0.96 25TCRC018 including 48.77 59.44 10.67 2.19 25TCRC036 1.52 10.67 9.15 0.69 25TCRC036 and 28.96 51.82 22.86 0.65 25TCRC017 no significant intersections meeting reporting criteria ​ Notes: Reported intervals are downhole lengths. True widths are estimated at 50-75% of downhole length depending on the angle of drilling relative to structures and is based on current geological interpretation. Gold assays by PhotonAssay at MSA laboratories Vancouver. Significant intersections calculated using 0.30 g/t Au cut-off with maximum 3m internal dilution. Grades are length-weighted averages with no top-cut applied. Felix Gold Limited (ASX.FXG)​ ​ 4 ASX Announcement 29th Jan 2026 Table 2: Drill Hole Collar Details HoleID Hole Type UTM_NAD83_Zone 06N EOH (m) Azimuth (m) Dip (m) East North RL (m) 25TCDC007 DD 461806.6 7209015 444.059 82.3 216.4 -45.2 25TCDC023 DD 461783.3 7208960 448.835 89.92 345.4 -45.5 25TCMW001 RC 461759.1 7208963 454.861 64.01 0 -90 25TCRC006 RC 461792.4 7208978 447.324 51.82 25.5 58.6 25TCRC007 RC 461791.4 7208977 447.412 50.29 220.9 -48.4 25TCRC012 RC 461777.7 7208937 450.822 50.29 45.8 -44.6 25TCRC013 RC 461775.9 7208937 450.842 50.29 2.4 -44.8 25TCRC016 RC 461783.4 7208961 448.695 67.06 1.6 -45.1 25TCRC017 RC 461784.5 7208961 448.706 54.86 31.8 -45 25TCRC018 RC 461787.4 7208960 448.609 67.06 331.5 -44.1 25TCRC036 RC 461758 7208972 456.511 51.82 30.4 -46.3 Notes: Coordinates are NAD83 Zone 6 North. DD = Diamond Core, RC = Reverse Circulation. Azimuth is UTM grid north. Geological Interpretation High-grade intersections in holes 25TCDC023, 25TCDC007 and 25TCRC018 are associated with the major fault structure characterised by 'black breccia' and broad zones of sheared rock that were previously reported as hosting high-grade antimony mineralisation. Gold mineralisation extends well into the hangingwall of this structure, marked by zones of strong to intense brecciation and alteration of felsic porphyry. Some of these hangingwall zones correspond with previously recognised east-west striking and south-dipping structures that host antimony mineralisation. Significant intersections in the remaining holes are interpreted to be related mainly to narrower east-west fault structures. Hole 25TCDC007 contains two lower-grade intersections that are related to intense white clay alteration and bleaching of felsic porphyry around narrow quartz veins. Because of the interpreted different structural orientations, estimating the true width of gold intersections is difficult and further modelling is required, with current interpretations giving true widths of 50%-75% of downhole widths. Work is ongoing to better understand the controls on gold mineralisation and its relationship to antimony veining. Felix Gold Limited (ASX.FXG)​ ​ 5 ASX Announcement 29th Jan 2026 ​ Figure 2: NW Array Prospect — Drill Plan with Significant Gold Intersections​ Felix Gold Limited (ASX.FXG)​ ​ 6 ASX Announcement 29th Jan 2026 Figure 3: NW Array Prospect — Section A–B 25m width with Significant Gold Intersections.​ Previously reported assays (transparent) shown for geological context. This ASX release was approved for release by the Board.​ ENDS Video Update Watch Joe Webb's 2-minute explainer, ask questions, and join the conversation on our Investor Hub. ​ Enquiries ​ ​ ​ Joseph Webb ​ ​ ​ View website: www.felixgold.com.au Executive Director ​ ​ Get updates directly to your inbox: www.felixgold.com.au/auth/signup Felix Gold Limited ​ ​ View this Announcement: https://www.felixgold.com.au/link/eodB4r Ph: +61 422 955 411 ​ ​ ​ ​ ​ E: joe.webb@felixgold.com.au Felix Gold Limited (ASX.FXG)​ ​ 7 ASX Announcement 29th Jan 2026 About Felix Gold Felix Gold Limited (ASX: FXG) is advancing two complementary opportunities in Alaska's Fairbanks Mining District: near-term antimony production and district-scale gold. Antimony: Felix Gold is building America's Antimony Solution — a fully integrated domestic supply chain from proven U.S. ore. The Treasure Creek Antimony Project hosts one of the only proven sources of high-grade antimony ore in the United States. With ~90% antimony-bearing minerals and virtually no deleterious elements, Felix Gold has demonstrated military-grade antimony concentrate and 98% extraction — results that, to the Company's knowledge, no other Western project has publicly achieved. Gold: Felix Gold is the largest landholder in the Fairbanks Mining District, with 831,000 oz of JORC gold resources located 30km from Kinross's Fort Knox mill — a Tier 1 operation actively seeking third-party ore. The same infrastructure, permitting pathway, and team serve both commodities. Mineralisation outcrops at surface adjacent to year-round paved road with grid power, just 30km from Fairbanks. No federal land significantly reduces permitting timeframes compared to other U.S. critical minerals projects. Visit www.felixgold.com.au for more information. Competent Person Statements The information in this report that relates to Exploration Results is based on information compiled by Dr James Lally, a Competent Person who is a Member of The Australian Institute of Geoscientists. Dr Lally is an independent consultant to Felix Gold Limited and is a shareholder in the Company. Dr Lally has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Dr Lally consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. Forward-Looking Statements arious statements in this release constitute statements relating to intentions, future acts and events. Such statements are generally classified as "forward-looking statements" and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", "may", "potential", "pathway", "aims", "targeting" and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this announcement include references to potential third-party processing or toll treatment arrangements for gold, future exploration programs and their anticipated outcomes, and infrastructure advantages and development Felix Gold Limited (ASX.FXG)​ ​ 8 ASX Announcement 29th Jan 2026 potential. With respect to gold development specifically: no feasibility study has been completed, no commercial agreements exist with third parties for ore processing, and there is no certainty that any toll treatment arrangement will be achieved. Felix cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements and references to what events have transpired for other entities, which reflect the view of Felix only as of the date of this release. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Various statements in this release may also be based on the circumstances of other entities. Felix gives no assurance that the anticipated results, performance or achievements expressed or implied in those statements will be achieved. ​ Previous Disclosure – 2012 JORC Code The information in this release that relates to Exploration Results, Mineral Resources and Exploration Targets for Felix’s Fairbanks Gold Projects was extracted from the following ASX Announcements: ​ 27 Jan 2025 FXG: Antimony Metal Production Program Commences 25 Nov 2025 FXG: Shallow High-grade Gold Results at Treasure Creek 23 Jan 2025 FXG: High-grade Antimony and Gold Results from Trenching 20 June 2024 FXG: Maiden NW Array Inferred Mineral Resource 16 May 2024 FXG: Felix Gold Secures Strategic Claims, Expanding Scale Potential of NW Array Gold Trend 10 Apr 2024 FXG: North West Array Bottle Roll Gold Recoveries Average 90% 19 Oct 2023 FXG: High Grade Antimony Assays up to 28% Sb 11 Aug 2023 FXG: Assay Results Unveiling Substantial Gold Zones with Continued High-Grade Antimony Enrichment 24 July 2023 FXG: Continuation of Broad Zones of Gold and High-Grade Stibnite from NW Array 17 July 2023 FXG: High-Grade Critical Mineral Discovery at NW Array 04 July 2023 FXG: NW Array Drilling Announcement 03 July 2023 FXG: NW Array Drilling Returns Broad Gold Intercepts 30 May 2023 FXG: Drilling Commenced at NW Array 14 Mar 2023 FXG: Exploration Target for NW Array 03 Feb 2023 FXG: Deeper Gold Mineralization and Prospective Feeder Zones Discovered 19 Jan 2023 FXG: New Gold Zones Identified in Reconnaissance Drilling 09 Dec 2022 FXG: Scrafford Shear Potential Grows and High-Grade Antimony Initiatives Commenced 01 Dec 2022 FXG: Near-Surface Gold Zones Extended into Northern Treasure Creek 18 Oct 2022 FXG: Significant Expansion of NW Array Gold Zone 05 Oct 2022 FXG: 400M Traverse of Thick Gold Mineralisation Open 01 Aug 2022 FXG: Multiple Thick, Near-Surface Intercepts at Treasure Creek 22 Jun 2022 FXG: Step-out Drilling Success at Treasure Creek 28 Jan 2022 FXG: Felix Gold Prospectus A copy of such announcements is available to view on the Felix Gold Limited website felixgold.com.au/announcements. These previous reports were issued in accordance with the 2012 Edition of the JORC Code. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement. Felix Gold Limited (ASX.FXG)​ ​ 9 ASX Announcement 29th Jan 2026 APPENDIX: JORC Code Table 1 Report Section 1: Sampling Techniques and Data Criteria Explanation Commentary Sampling techniques ●​ Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. ●​ Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. ●​ Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. ●​ Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. ●​ Reverse Circulation drilling was sampled on 1.52 m (5 feet) intervals from which 5-6kg was split and pulverised / crushed to produce samples for ICP multi-element analysis, high grade Sb analysis and gold analysis by PhotonAssay™ ●​ Diamond drill core was sampled over downhole lengths between 0.3m and 2.5m (average 1m) to produce samples for ICP multi-element analysis, high grade Sb analysis and gold analysis by PhotonAssay™ . Diamond drill-core sample intervals were adjusted based on changes in geology. Felix Gold Limited (ASX.FXG)​ ​ 10 ASX Announcement 29th Jan 2026 Criteria Explanation Commentary Drilling techniques ●​ Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc). ●​ Reverse Circulation (RC) holes were drilled with a 76mm (3 inch) face-sampling hammer with 73mm (2.875 inch) drill rods and 102mm (4 inch) casing. ●​ Diamond holes were wireline HQ (63.5mm diameter) holes. ●​ The diamond drill program reported here was undertaken by C-n-C Drilling LLC utilizing CS 14 skid mounted drill. ●​ Core was oriented wherever possible for collection of structural data using a Reflex ACTIII ●​ The core was reconstructed into continuous runs on a cradle for orientation marking before it was laid in the box at the drill. Felix Gold Limited (ASX.FXG)​ ​ 11 ASX Announcement 29th Jan 2026 Criteria Explanation Commentary Drill sample recovery ●​ Method of recording and assessing core and chip sample recoveries and results assessed. ●​ Measures taken to maximise sample recovery and ensure representative nature of the samples. ●​ Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. ●​ RC samples were visually assessed for recovery and were considered representative of bedrock intersected. ●​ For several RC holes the first (and sometimes second) samples had insufficient recoveries from the splitter to provide enough material for a photonassay analysis. ●​ Visual inspection of samples estimated no significant loss of sample from each 1.52m interval. ●​ No relationship between sample recovery and reported analyses has been established. ●​ Diamond core recovery was determined by measuring the total length of core in the barrel over the run length. ●​ Hole depths were checked against the drillers core blocks at the time of processing. Inconsistencies between the logging and the driller’s depth measurement blocks were investigated. ●​ Diamond core samples are considered dry. The recovery and condition are recorded between every core block. Generally, recovery is 98-100% but on very rare occasions in weathered material or very broken material, recovery was down to 50%. ●​ For Diamond drilling, contractors adjust the rate of drilling and method of recovery issues arise ●​ No significant sample loss or bias has been noticed Felix Gold Limited (ASX.FXG)​ ​ 12 ASX Announcement 29th Jan 2026 Criteria Explanation Commentary Logging ●​ Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. ●​ Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. ●​ The total length and percentage of the relevant intersections logged. ●​ Qualitative logging of RC chips and diamond core for lithology and alteration with semi-quantitative logs for oxide and sulphide mineralisation. ●​ RC and diamond holes were logged in for their entire lengths. ●​ Logging detail is sufficient to support geological modelling and mineral resource estimation. ●​ Representative RC chip samples from each 1.52m interval were placed in chip trays and photographed. ●​ All drill core was photographed wet using a digital camera and stored on the site server. ●​ Core logging included RQD and geotechnical measurements. Structural measurements of veins, fractures and foliation were taken from core using a strip protractor. Felix Gold Limited (ASX.FXG)​ ​ 13 ASX Announcement 29th Jan 2026 Criteria Explanation Commentary Sub-sampling techniques and sample preparation ●​ If core, whether cut or sawn and whether quarter, half or all core taken. ●​ If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. ●​ For all sample types, the nature, quality and appropriateness of the sample preparation technique. ●​ Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. ●​ Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. ●​ Whether sample sizes are appropriate to the grain size of the material being sampled. ●​ RC intervals were sub-sampled using a 3-tier dry sample splitter attached to the drill rig cyclone. Two samples were taken from each 1.52 m interval, collecting ~12.5% each of the total sample, ranging in weight from 2-3 kg. One sample was retained for archival purposes while the other was sent to the analytical laboratory. ●​ Diamond core sampling intervals were determined by the logging geologist, with sampling breaks at major changes in lithology/alteration or mineralisation. Sub-samples were taken by sawing the HQ core in half along its axis using a Dewalt tile saw on-site. One half of the core was bagged for analysis and the other half retained in the core tray. ●​ Sample sizes for RC and core samples are considered appropriate for both gold and antimony mineralisation. ●​ Quality control procedures for ensuring sample representivity in RC sampling comprised the use of field duplicates and pulp duplicates at a rate of 1 in 20, alternating between the two duplicate types. ●​ Quality control procedures for ensuring sample representivity in core sampling comprised the use of coarse crush duplicate splits from half core samples and pulp duplicates at a rate of 1 in 20, alternating between the two duplicate types. ●​ Duplicate results show that for RC and diamond drilling sampling is representative for antimony, with variability in results linked to assay methods rather than sampling (see below). Felix Gold Limited (ASX.FXG)​ ​ 14 ASX Announcement 29th Jan 2026 Quality of assay data and laboratory tests ●​ The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. ●​ For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. ●​ Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. ●​ All samples were submitted to MSA Laboratories in Vancouver, Canada for analysis. ●​ Gold was analysed using the PhotonAssay technique (MSA labs CPAu-1D method code). Two splits of approximately 500g of crushed material (70% passing 2mm) are taken from the sub-sample submitted to the laboratory using a riffle splitter. Both splits are subjected to high-intensity X-rays and the resulting gamma radiation emissions are detected and used to determine gold concentration in the sample. ●​ For some very low-volume RC sub-samples at the hole collar there was insufficient material to provide the 500g required for photonassay. These are marked in appendix 2 as “insufficient sample”. ●​ Analysis of split pair samples shows very good correlation with only three outlier values that have yet to be explained. ●​ PhotonAssay results include quality flags for some samples that were reviewed by the CP: ○​ HB (High Background): Indicates elevated background radiation detected during measurement, primarily affecting samples <0.1 ppm Au. Multi-element data shows Ba, U, and Th levels are generally low. ○​ HET (Heterogeneous): Indicates high within-sample variability based on multiple readings at different angles. Less than 0.1% of analyses (8 samples) were flagged with HET and of these only 3 samples showed a significant difference between duplicate pairs ●​ 5% of samples submitted for PhotonAssay are being cross-checked by screen fire assay at the same laboratory. No results for screen fore assays are available as yet. Felix Gold Limited (ASX.FXG)​ ​ 15 ASX Announcement 29th Jan 2026 Criteria Explanation Commentary ●​ 4 acid digest with ICP-MS finish was used to analyse for a full suite of trace elements: Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr. ●​ 4-Acid ICP-MS has an upper detection limit (UDL) of 1% for antimony. Suspected very high-grade (>10% Sb) samples were flagged in sample submission sheets and analysed using a wet titration method. Samples not flagged as high grade, but which returned above UDL assays for ICP were re-analysed using a peroxide fusion with ICP finish. The cut-off ICP Sb assay for re-analysis by peroxide fusion was changed to 3000ppm after results indicated that volatile loss and insoluble precipitate formation was causing some ICP results to severely under-call the Sb grade. ●​ Quality control procedures include the insertion of certified reference materials, coarse blanks (locally sourced sand) and field and pulp duplicates. Acceptable levels of accuracy and precision have been established, notwithstanding the issues with some Sb analyses described above Felix Gold Limited (ASX.FXG)​ ​ 16 ASX Announcement 29th Jan 2026 Criteria Explanation Commentary Verification of sampling and assaying ●​ The verification of significant intersections by either independent or alternative company personnel. ●​ The use of twinned holes. ●​ Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. ●​ Discuss any adjustment to assay data. ●​ A senior manager verifies all significant and anomalous intersections during the drill hole validation process. ●​ All primary data was collected in the field by Felix Gold contract staff and supplied in digital format to Felix Gold. ●​ No twinned holes were drilled for this data set. ●​ All data is stored and validated within a Plexer relational database managed by Gad Solutions in Brisbane, Australia. Data undergoes QA/QC validation prior to being accepted and loaded in the database. Assay results are merged when received electronically from the laboratory. A senior geologist reviews the dataset checking for the correct merging of results and that all data has been received and entered. Any adjustments to this data are recorded permanently in the database. Digital records of assays are stored electronically. ●​ No adjustments have been made to the final assay data reported by the laboratory Location of data points ●​ Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. ●​ Specificatio