Announcement PDF ANTIMONY & GOLD - ORE TO METAL ASX: FXG | July 2026 1 IMPORTANT NOTICES Forward-Looking Statements Various statements in this presentation 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” and similar expressions are intended to identify forward- looking statements. Felix Gold cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Felix Gold only as of the date of this presentation. The forward- looking statements made in this presentation relate only to events as of the date on which the statements are made. Various statements in this presentation are also based on the circumstances of other entities. Felix Gold gives no assurance that the anticipated results, performance or achievements expressed or implied in those statements will be achieved. This presentation details some important factors and risks that could cause Felix Gold’s actual results to differ from the forward-looking statements and circumstances of other entities in this document. References The information in this presentation that relates to Exploration Results, Mineral Resources and Exploration Targets for Felix’s Fairbanks Gold Projects was extracted from various ASX announcements. A copy of such announcements is available to view on the Felix Gold Limited website https://felixgold.investorportal.com.au/share-price-and-announcements/ or on the ASX announcement platform. These references have also been listed in Appendix 2 - Previous Disclosures. The reports were issued in accordance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. 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 announcements. The Company intends to conduct its own exploration and metallurgical testwork programs to verify and potentially extend these historical results. The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions. This presentation has been prepared based on information available as at the time of its presentation. Competent Person Statements Dr James Lally (Member AIG, Independent Consultant to Felix Gold Limited): Competent Person for exploration results reported in ASX announcement dated 15 September 2025. Dr Lally has sufficient experience relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Thomas Bundtzen & Mr Ian Taylor: Competent Persons for Grant Mine exploration results and mineral resource statements referenced in this presentation (if applicable). Refer to relevant ASX announcements for complete Competent Person statements and JORC Table 1 reporting details. Cautionary Statements Cautionary Statement: The Company 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 completed; any progression to production remains subject to further technical, regulatory, commercial, permitting and Board approvals, and the Company may progress part or all of the project ahead of such studies. The Company confirms it is not aware of any new information or data that materially affects the Mineral Resource estimates as previously released, and that all material assumptions and technical parameters continue to apply, with no changes made since their original release. Refer to relevant ASX announcements for complete Competent Person statements and JORC Table 1 reporting details. FELIX GOLD LIMITED (ASX: FXG) 2 WATCH VIDEO INVESTMENT HIGHLIGHTS FELIX GOLD LIMITED (ASX: FXG) 4 Permitted & Extracting Antimony extraction underway at Treasure Creek, 1,600 tonnes bulk sample permitted. Producing today. Military-Grade Ore Mineralogy Testwork demonstrated 71.9% Sb direct-shipping ore, exceeds the U.S. MIL-A- 22131 defence specification. A New U.S. Supply Platform Strategic exposure to American antimony supply through Frontier, our wholly-owned ore-to-metal platform. Gold-Funded Build 831,000 oz JORC gold, growing, ~25 mi from the Fort Knox mill. District-Scale Position Largest landholder in a 16Moz+ gold district, with gold and antimony across Fairbanks. Selected high-grade samples, not average grades. No antimony Mineral Resource or Ore Reserve declared; gold Mineral Resources per prior ASX releases, not updated since. Forward-looking; subject to studies, permitting, funding and Board approval. See full Cautionary Statement. AMERICA CAN’T MAKE THE ANTIMONY ITS MILITARY NEEDS A national-security metal with no substitute and no U.S. supply The only company to prove military-grade metal from U.S. ore, and we’re extracting today via bulk sample approval with full mine operations targeting H1 2027. P R O B L E M S O L U T I O N FELIX GOLD LIMITED (ASX: FXG) 5 No antimony Mineral Resource or Ore Reserve declared. Forward-looking; subject to studies, permitting, funding and Board approval. See full Cautionary Statement. ONE ORE BODY. Downstream pathway optionality T H E O R E S U P P L I E R Extraction now via 1,600 tonne permit Strategy: Multi-year mining permit pending submission Mining targeting H2 2027 District exploration - drills turning now D O W N S T R E A M ANTIMONY → U.S. METAL S A M E M A T E R I A L · A G R O W I N G R E S O U R C E GOLD → Low CAPEX Optionality FELIX GOLD LIMITED (ASX: FXG) 5 Toll treatment Fort Knox or heap leach own facility under assesment Frontier 100% Owned U.S. subsidiary - will buy ore from FXG - U.S markets & separate funding pathways platform Forward-looking; subject to studies, permitting, funding and Board approval. See full Cautionary Statement at the front of this presentation. UPSTREAM OPERATION Now Targeting H1 2027 ANTIMONY DOWNSTREAM Now Targeting H2 2027-H1 2028 OUR PATHWAY Permitted extraction is underway. Feasibility, permitting and engineering materially advanced. Antimony Extraction Multi-Year Permit Lodged Engineering studies finalised Permit approval Mobilisation Proven Military Grade Engineering studies finalised Permit Lodged Feasibility Permit Approval Targeted operations ANTIMONY Resource & Feasibility FELIX GOLD LIMITED (ASX: FXG) 7 Forward-looking and indicative only; subject to studies, permitting, funding and Board approval. See full Cautionary Statement at the front of this presentation. Drilled, studied, engineered, bulk sample approved and active extraction. Not a plan, a mine site already moving. 123 HOLES · 8,936 M Systematic drill program continues ✓123-hole program complete, 8,936 m ✓10,000m program commenced ✓Stibnite vein traced 250 m, open all ways ✓831 koz JORC gold resource ✓Near-surface gold zone found in pit ✓Cultural heritage: no issues ✓Wetlands survey: no issues ✓Fish habitat survey: no issues ✓Surface water monitoring established ○Groundwater: ~10 wells installed ○Waste rock characterisation underway BASELINE STUDIES MINE DESIGN PROGRESSED Environmental work nearing completion Civil, site and infrastructure design progressing ✓Civil & site layout advanced (SLR) ✓Mine design progressing (Moose Mtn / SLR) ✓Infrastructure design advanced (BGC, Arcadis) ○Water balance & hydrogeology modelling ○Water & waste management plans advancing Extraction underway, valid to 2029 PERMIT APPROVED ✓Bulk sample permit approved — 1,600 t to 2029 ✓Borough mining use licence obtained ✓No federal land — no NEPA (saves 3–7 yrs) ○Full mining permit pending submission ✓VP Dev & Ops + CFO onboarded; delivery team Selected high-grade samples, not average grades. No antimony Mineral Resource or Ore Reserve declared; gold Mineral Resources per prior ASX releases, not updated since. Forward-looking; subject to studies, permitting, funding and Board approval. See full Cautionary Statement at the front of this presentation. MOMENTUM ACROSS THE PROJECT ANTIMONY & GOLD Drilling & Resource Permitting & Team Environmental Baseline Engineering & Civil FELIX GOLD LIMITED (ASX: FXG) 8 Two processing routes validated to metal, a pilot underway, and a U.S. site study delivered. 2 PATHWAYS VALIDATED Pyro + hydro to military- grade metal SITE STUDY DELIVERED TEAM IN PLACE U.S. sites identified; design advanced Two processing pathways advancing Ore dispatched; first metal targeted PILOT UNDERWAY Metallurgical results are from independent laboratories on selected samples; pilot / commercial-scale validation pending. No feasibility study is complete. Items marked ○ are targeted and subject to permitting, funding, site selection and Board approval. See full dislcosures at the front of this presentation. PROVEN METAL ANTIMONY · REFINERY (FRONTIER) Metallurgy Validated Pilot Plant Engineering & Site Team & Pathways ✓71.9% Sb direct ore — exceeds MIL spec ✓74% flotation concentrate ✓98–99% alkaline sulfide leach extraction ✓Direct smelting to metal demonstrated ✓Electrowinning to antimony metal (UBC) ✓As <0.01%, no sulphosalts ✓~300–400 kg ore dispatched to Core Technologies ✓Albion Process rights secured ✓Chemistry proven (Sunshine, Hillgrove) ○~10-week continuous campaign — first metal ○Blue Coast leach optimisation ongoing ✓Worley site study delivered (Oman smelter designer) ✓U.S. candidate sites identified ✓Long-lead electrowinning equipment located ○Pilot design & equipment list advanced ○Final site selection pending ✓Advisors that ran Murchison & Hillgrove plants ✓Advisors that operated Oman smelter 5 yrs ✓Frontier Antimony Refinery Corp established (US) ○Toll treatment — site visited, negotiations ongoing ○Frontier facility — operational pathway 2027 FELIX GOLD LIMITED (ASX: FXG) 9 Sustainable resource development is built on transparency, environmental responsibility, and community engagement. By incorporating local insights, minimizing impacts, and conducting thorough assessments, we aim to design a project that aligns with community values, environmental stewardship, and economic priorities Community Engagement to Inform Project Scope Early and on-going community engagement ensures the project reflects local values and concerns. Open dialogue helps identify priorities, address potential issues, and build trust. Environmental Assessment to Inform Project Scope Thorough environmental studies help us understand potential impacts and design a project that prioritizes sustainability through careful impact management and mitigation measures. Responsible Exploration to Minimize Impacts We use small-scale methods that reduce surface disturbance and follow best land management practices. FELIX GOLD LIMITED (ASX: FXG) 10 OUR VALUES HISTORIC PRODUCTION, ACTIVE EXTRACTION A historic antimony district evolving into a long-term source of U.S. supply. Historic U.S. supplier Supplied antimony to the U.S., including government programs Permitted & extracting now Bulk-sample permit to 2029; high-grade stibnite extracted Military-grade demonstrated 71.9% Sb direct-shipping ore — exceeds MIL-A-22131 District-scale growth Multiple antimony targets across the district, open at depth Testwork: Core Resources, Blue Coast Research, UBC, Worley. Sources: ASX 19 Nov 2025, 26 Mar 2026, 23 Mar 2026, 30 Mar 2026. No feasibility study completed. See full disclosures at the fron of this presentation. ANTIMONY FELIX GOLD LIMITED (ASX: FXG) 11 SOME OF THE WORLD’S PUREST ORE ANTIMONY High-purity ore → Simpler processing → Lower capital + operating cost → Faster permitting FELIX GOLD LIMITED (ASX: FXG) 12 Felix Gold Avidian Gold Kinross Gold Freegold Ventures Fairbanks Gold Mining District Major Roads Mines / Projects Alaska Pipeline Railroad FAIRBANKS KEY LANDHOLDINGS NW Array Gold Project 25Mt @ 0.58 g/t Au for 467koz Inferred Mineral Resource NE Fairbanks Project 159 Auger holes sampled Peak gold values of 568 ppb Au (0.57 g/t Au) Grant Mine Gold Mine 5.8Mt @ 1.95 g/t Au for 364 koz gold incl. an underground resource of 136 koz gold @ 6.2 g/t Au Inferred Mineral Resource NORTH EAST FAIRBANKS TREASURE CREEK FAIRBANKS True North KNOX MINE 11.27MOZ Treasure Creek Exploration Area FELIX GOLD LIMITED (ASX: FXG) 13 Treasure Creek Antimony Project Development Only proven US domestic military-grade Sb ore. Bulk sample permit approved. Active Extraction 3km x 3km anomoly Brownfields High Grade NW Array Gold Development 467 koz Inferred MRE. Shallow, open in all directions. Fort Knox 30km. Grant Mine Exploration 364 koz Inferred (incl. 136 koz @ 6.2 g/t UG). Free-milling, 98% recovery. * ASX 20 Jun 2024 ** ASX 28 Jan 2022 Exploration Target is conceptual; insufficient exploration to define a mineral resource. See full disclosures at the front of the presentation. GOLD GOLD ANTIMONY PROJECTS Treasure Creek Antimony Project Active Extraction and 3 past producing antimony mines FELIX GOLD LIMITED (ASX: FXG) 14 A cubic metre goes a long way ~60% Sb x ~5 density = ~3 tonnes of metal per m³ — for each 1 m³ a day nears 1,000 tonnes of metal a year Grade does the heavy lifting Output tracks grade, not tonnes handled. Small Footprint - Big Job High grade - small footprint - efficient logistics - small refinery, big job. National supply, modest operation Targeting solving100% of U.S. military demand. This is a high-grade system. The value is in the grade of what we recover, and it compounds all the way to the smelter. ANTIMONY – GRADE IS KING ANTIMONY FELIX GOLD LIMITED (ASX: FXG) 15 Gold System Open Part of a larger gold-in-soil anomaly 3km x 3km, small footprint drilled ~400 × 200 m around the active antimony area Gold in the waste Antimony development is exposing gold-bearing material a second commodity from one dig. Small Footrpint Small footprint holding high grade antimony and gold minimising disturbance areas. Low-capex pathway Toll at the Kinross Fort Knox mill (seeking ore) or our own gold route minimal added capital. AT-SURFACE OXIDE GOLD — ONE DIG, TWO METALS ANTIMONY Reshoring America’s Antimony Processing Capability F R O N T I E R A N T I M O N Y R E F I N E R Y · D E L A W A R E , U S A JULY 2026 Conceptual Render Only F R O N T I E R A N T I M O N Y R E F I N E R Y I S One of the most critical metals at the centre of US national security. NIGHT VISION AND INFRARED SYSTEMS FLARES & AIR DEFENCE SYSTEMS INFRARED SENSORS & TARGETING AMMUNITION & ALLOY HARDENING Defence. Semiconductors. Energy & EV. Industrial. There is no substitute. ANTIMONY F R O N T I E R A N T I M O N Y R E F I N E R Y · D E L A W A R E , U S A FEDERAL POLICY ALIGNMENT Antimony is named in every relevant US critical-minerals authority. DPA TITLE III DLA / NDS ONE BIG BEATIFUL BILL EXECUTIVE ORDERS DOE FOA F R O N T I E R A N T I M O N Y R E F I N E R Y · D E L A W A R E , U S A D E F E N S E P R O D U C T I O N A C T N A T I O N A L D E F E N S E S T O C K P I L E T R A D E & T A R I F F A U T H O R I T Y C R I T I C A L M I N E R A L S · 2 0 2 5 L O A N P R O G R A M S O F F I C E Domestic processing capacity is the explicit gap. Direct funding pathway for capex and working capital. Stockpile holds <5% of one year's demand. Sole-source DLA contract precedent set at ~US$70k/t (https://usantimony.com/) Domestic-content sourcing requirements. Tariff protection for US-produced critical metals. Accelerated permitting. Federal coordination. Designation as Transparency Project pathway. Applications submitted under DE-FOA-0003583 and DE-FOA-0003390. Active engagement underway. US ORE → US REFINERY →US METAL A N E W U S O R E - T O - M E T A L S U P P L Y C H A I N Military-grade antimony, Made in USA, from U.S. ore. Conceptual Render Only Conceptual Render Only AMERICA’S CENTRAL ANTIMONY PROCESSING HUB ALASKA DEFENCE • MIL-GRADE IDAHO SEMI CONDUCTOR MONTANA ENERGY • EV • STORAGE MONTANA INDUSTRIAL ARKANSAS TEXAS / SW USA RECYCLE F R O N T I E R A N T I M O N Y R E F I N E R Y · D E L A W A R E , U S A U.S. AND GLOBAL FEEDSTOCK U.S. END USERS U.S. PROCESSING HUB A N T I M O N Y M A D E I N T H E U . S . A Conceptual Render Only Ore Supply Secured Active Extraction Via toll treatment Via U.S. Smelter Smelter design capacity of 5,000 tpa, scalable to 10,000 tpa. ~40% of current US demand. H2 2026 FIRST METAL SUPPLY TO U.S. H2 2027 U.S. REFINERY OPERATIONAL A N T I M O N Y M E T A L S U P P L Y C H A I N R E I N V E S T E D I N M O N T H S N O T Y E A R S → F R O N T I E R A N T I M O N Y R E F I N E R Y · D E L A W A R E , U S A Forward-looking; subject to studies, permitting, funding and Board approval. See full Cautionary Statement. Felix Gold ore supply is the anchor contract to support the development of the U.S. Smelter >70% Sb head grade — tested which exceeded US Mil-Spec MIL-A-22131 before processing F R O N T I E R A N T I M O N Y R E F I N E R Y · D E L A W A R E , U S A Exclusive long-term ownership to permitted Alaskan antimony ore Ore extraction commenced Military-grade antimony specifications achieved before processing 70% Sb head grade from massive stibnite mineralisation Anchor domestic feedstock for Frontier’s U.S. refining operations EXCLUSIVE STRATEGIC ORE SUPPLY Forward-looking; subject to studies, permitting, funding and Board approval. See full Cautionary Statement. ADVANCED U.S. REFINING DEVELOPMENT F R O N T I E R A N T I M O N Y R E F I N E R Y · D E L A W A R E , U S A Conceptual Render Only Engineering Advanced Site Selection Final Stage Modular Design Proven Processing Pathways Near-Term Deployment Strategy Domestic refinery engineering design targeted for completion in June 2026 Multiple U.S. locations under evaluation with state-level economic engagement underway Scalable modular refinery Both pyro and hydro processing routes independently validated Targeting initial domestic refining operations within 12–18 months Other 73.5% MDF Global 11.4% Franklin Templeton 6.8% 1832 Asset Management 5.3% Directors & Management 3% Shares on Issue 516m Share Price $0.23 Market Cap $119m Cash (June 2026) $9.6m Options on Issue 33.8m CORPORATE STRUCTURE KEY SHAREHOLDERS 24 BOARD OF DIRECTORS MANAGEMENT Technical Partners: Peter Rohner (Core Resources) | David Fourie (ex-Oman smelter) | Worley Group | Blue Coast Research | University of British Columbia RONNIE BEEVOR DOUGAL ELDER ANDY BROWNE DAN BREARLEY JOSEPH WEBB JOSEPH WEBB BLAIR WAY N O N - E X E C U T I V E C H A I R M A N C H I E F F I N A N C I A L O F F I C E R N O N - E X E C U T I V E D I R E C T O R V P D E V E L O P M E N T & O P E R A T I O N S E X E C U T I V E D I R E C T O R E X E C U T I V E D I R E C T O R N O N - E X E C U T I V E D I R E C T O R FELIX GOLD LIMITED (ASX: FXG) 25 THE TEAM Built and listed multi-billion-dollar resource businesses before. RECENT EXECUTION & UPCOMING CATALYSTS Consistent delivery across corporate, antimony, gold and engagement. Feb 2026 Appointed CFO and VP Development Mar 2026 Bulk-sample permit approved; 100% of Treasure Creek secured Mar 2026 Military-grade direct ore confirmed (71.9% Sb) May 2026 Final 2025 gold assays confirm the dual- commodity system Jun 2026 Next Extraction commenced; first ore bagged & containerised Toll metal H2 2026, targeted Feasibility & multi-year permit mining targeting H1 2027 US Refinery targeting H2 2027 Jun 2026 Frontier Antimony Refinery Corp established FELIX GOLD LIMITED (ASX: FXG) 17 A P P E N D I X · D I S C L O S U R E DISCLOSURES Gold Mineral Resources JORC 2012 Inferred gold resources are extracted from ASX announcements including the IPO Prospectus (28 Jan 2022, Grant Mine) and the NW Array maiden resource (20 Jun 2024). The Company confirms it is not aware of new information that materially affects those estimates and that all material assumptions and technical parameters continue to apply. Competent Person consents continue to apply. Antimony No Mineral Resource or Ore Reserve is declared for antimony; no production target or guidance is given. Grades are from selected high-grade samples, not average deposit grades. The Company is assessing the economic viability of near-term antimony production; no JORC-compliant economic study is complete. Forward-looking & third-party Statements on development, timing, feasibility, permitting, processing, Frontier, capital and strategy are forward-looking and subject to risk; actual results may differ materially. Government applications are not awards and discussions are not binding agreements. Third-party / market data is unverified and provided for context only. FELIX GOLD LIMITED (ASX: FXG) 29 ANTIMONY & GOLD, BUILT FOR DEVELOPMENT Real today Antimony extraction underway to feed a US downstream platform Formalising Feasibility, permitting and engineering now advancing the development case. District-scale 831koz gold plus a district-wide gold & antimony growth pipeline. ASX: FXG · www.felixgold.com.au · ir@felixgold.com.au View this presentation on our Investorhub: https://www.felixgold.com.au/link/PKvLqr Refer to the Important Notices and JORC / forward-looking disclosure at the front of this presentation.