Investor Briefing Presentation
Released
Released
Announcement PDF
ASX Announcement
bsite
29 August 2024
Felix Gold Update – Investor Briefing
Felix Gold Limited (ASX:FXG) will be holding a live and online investor briefing today, Thursday 29th of August at
12pm (AEST).
Executive Director of Felix Gold, Joe Webb, will provide an overview of the company and discuss the recent highgrade antimony assays from the Treasure Creek Project.
Register for the session or request a recording from the link below:
https://felixgold.investorportal.com.au/investor-briefing
After registering, you will receive a confirmation email containing a calendar invite and information about joining the
webinar.
The attached presentation forms the basis of the market update.
ENDS
Enquiries
Joseph Webb
Reach Markets
Executive Director
Investor and Media Relations
Felix Gold Limited
Ph: 1300 805 795
Ph: +61 422 955 411
E: ir@reachmarkets.com.au
E: joe.webb@felixgold.com.au
To stay up to date with company news, register your details on the Felix gold investor portal
About Felix Gold
Felix Gold Limited (ASX: FXG) is an ASX-listed gold discovery business operating in the highly endowed Tintina Gold
Province of Alaska in the United States.
Our flagship asset is a substantial landholding in the world-class Fairbanks Gold District, where historical gold
production exceeds 16 Moz. In Fairbanks, our tenements sit within one of the largest gold production centres in the
entire Tintina belt and lie in close proximity to both Kinross Gold’s Tier 1 gold mine, Fort Knox, and the rapidly growing
Freegold Ventures’ discovery, Golden Summit. We hold four key projects across over 392 km 2 of tenure in the heart of
this premier gold production district.
Felix’s key projects are located only 20 minutes from our operational base in the central mining services hub of
Fairbanks City, Alaska. This base is a huge advantage for Felix with its existing infrastructure, low-cost power, skilled
Felix Gold Limited (ASX.FXG)
1
ASX Announcement
bsite
29 August 2024
workforce and long history of gold production. It allows us to explore year-round and delivers genuine potential
development pathways for our assets.
Our key projects are located along the main Fairbanks gold trend and contain dozens of identified prospects, extensive
alluvial gold production, large gold-in-soil anomalies and historical drill intercepts which remain wide open and mimic
other major deposits in the district. We have multiple walk-up drill targets with evidence of large-scale gold potential.
We also possess an existing Mineral Resource at Grant-Ester with significant upside opportunity.
Felix’s value proposition is simple: we are striving to be the premier gold exploration business in the Tintina Province
through the aggressive pursuit and realisation of Tier 1 gold discoveries.
Visit the Felix Gold website for more information.
Felix Gold Limited (ASX.FXG)
2
Strategic Push for U.S. Antimony Production
INVESTOR PRESENTATION
ASX: FXG
Aug 2024
Important Notices
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.
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
Historical References
The information in this presentation that relates to Exploration Results, Mineral
Resources and Exploration Targets for Felix’s Fairbanks Gold Projects was extracted
statements” and involve known and unknown risks, uncertainties and other important
from various ASX announcements.
factors that could cause those future acts, events and circumstances to differ
A copy of such announcements is available to view on the Felix Gold Limited website -
materially from what is presented or implicitly portrayed herein. Words such as
https://felixgold.investorportal.com.au/share-price-and-announcements/ - or on the ASX
“anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates” and similar
announcement platform.
expressions are intended to identify forward-looking statements. Felix Gold cautions
The reports were issued in accordance with the 2012 Edition of the JORC Australasian
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 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 the Felix Gold’s actual results to differ from the forward-looking
statements and circumstances of other entities in this document.
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.
Historical exploration and metallurgical testwork results in this presentation
referencing Siak Tan and L. J. Manning 1973 (Tan 1973"), are reported for informational
purposes only and do not comply with the current JORC Code 2012. These results
have not been independently verified by Felix Gold and should not be relied upon as
an accurate representation of the mineralization potential. The Company intends to
conduct its own exploration and metallurgical testwork programs to verify and
potentially extend these historical results.
2
Antimony and its Strategic Value
Potential for a near-term, high-grade, and stand-alone antimony production
1
2
3
Strategic Resource
for National Security
Global Supply Chain
Vulnerability
Technological &
Economic Importance
Antimony is vital for U.S. military
China controls 55% of
Antimony is key in renewable
in ammunition, flame retardants,
global antimony mining and most
energy tech, including electric vehicle
and smart weaponry. Its unique
downstream processing. The US has
strengthening properties make it
no domestic antimony production
essential for defense and
despite its critical importance to
strategic sectors.
national security.
batteries. The market, valued at $1.8
billion in 2022, is expected to grow
by 61% to reach $2.9 billion by 2030.
3
Our Unique Value Driver
Our credential for the premium antimony opportunity
1
2
3
Strategic
U.S. Location
High-Grade
Proven Supplier
Near-Term
Production
Located in the U.S.,
Historically high-grade
Positioned for U.S. government
where domestic antimony
antimony mines (up to 58% Sb)
support for near-term,
production is vital for
that have repeatedly supplied
national security
the U.S. government
high-grade antimony
production
4
Golden Hub: Strategic
Operations in Fairbanks
Next to a Major Mining Centre, Fairbanks City
Alaskan Kalgoorlie Equivalent: Recognised as Alaska's
mining and services hub, akin to Kalgoorlie.
Robust Infrastructure and Utilities: Benefits from a
substantial infrastructure base and extensive utilities
network.
Resource Efficiency: Access to low-cost power and a
skilled workforce ensures operational efficiency.
Strategic Location: Felix Gold's operational base in
Fairbanks is just 20 minutes direct road access from our
NW Array and Grant Mine Projects.
5
Treasure Creek Antimony
Felix Gold is focused on near-term, high-grade, and near-surface antinomy production
ANTIMONY
POTENTIAL
Treasure Creek hosts the historic
Scrafford Antimony Mine, Alaska's
second-largest antimony producer,
with past production grades up to 58% Sb
Scrafford Antimony Mine
Historical Production Data
NW Array Drilling Confirms
High-grade Antimony
Average production grades include:
Recent drilling at NW Array, ~2.5km west of Scrafford
Antimony Mine, confirms multiple zones of high-grade
antimony mineralization.
58% Sb (1915-1918, 1926-1927)
56% Sb (1933-1934)
Significant intercepts include:
58% Sb (1970)
15.2m @ 5.5% Sb from 21.3m incl.
6.1m @ 13% Sb (23TCRC155)
14% Sb (1971)
1.5m @ 26.1% Sb from 38.1m (23TCRC135)
45% Sb (1977)
6.1m @ 7.7% Sb from 3m incl.
1.5m @ 28% Sb (23TCRC176)
3m @ 14.24% Sb from 7.62m (23TCRC071)
Our previous drilling confirms
high-grade Antimony in multiple
locations across Treasure Creek
Strategic Importance
of Antimony
U.S. Critical Mineral: Antimony is vital for defense,
flame retardants, energy storage, and high-tech
industries, with no current domestic production.
China's Market Dominance: China controls the
majority of global antimony supply and has
recently halted exports, heightening supply
concerns.
U.S. Government Action: Over $1 billion allocated
through defense and economic acts to secure
critical minerals, including antimony.
Felix Gold's Strategy: Developing domestic
antimony resources to address U.S. strategic
needs and position for growing demand.
6
Scrafford Antimony Mine at Treasure Creek
One of Alaska's largest antimony
producers with production
grades up to 58% sb
Highlights
Scrafford
Antimony
Mine
Intermittent operation: 1915 – 1977
High-grade deposit (up to 58% Sb): Reduced processing
complexity
Easily accessible: Near-surface high-grade ore
Straightforward processing: Gravity separation method used
Premium quality ore: Due to the absence of harmful smelter
impurities
Valuable byproducts: Gold and silver present
Well-defined fault zone: Allowed for targeted exploration
Proximity to Fairbanks: provided infrastructure advantages
Disclaimer: Historical exploration and metallurgical testwork results in this presentation referencing Siak Tan and L. J. Manning 1973 (Tan 1973"), are reported for informational purposes
only and do not comply with the current JORC Code 2012. These results have not been independently verified by Felix Gold and should not be relied upon as an accurate representation of
the mineralization potential. The Company intends to conduct its own exploration and metallurgical testwork programs to verify and potentially extend these historical results.
7
Scrafford Antimony Mine at Treasure Creek
Key historical antimony average production
grades from the Scrafford Mine include*:
1915-1918 and 1926-1927: 58% Sb
1933-1934: 56% Sb
1970: 58% Sb
1971: 14% Sb
1977: 45% Sb
*Note: Total production from available records 1.079Mkg @ 38.58%
~2.5km
Significant intercepts include:
23TCRC155: 15.2m @ 5.5% Sb from 21.3m
including 6.1m @ 13% Sb
23TCRC135: 1.5m @ 26.1% Sb from 38.1m
23TCRC176: 6.1m @ 7.7% Sb from 3m
including 1.5m @ 28% Sb
23TCRC071: 3m @ 14.24% Sb from 7.62m
Scrafford Antimony Mine within Treasure Creek
8
NW Array/ Scrafford Area
Sb in Soils and Rocks with Drill Collars
9
Felix Gold's Resource Expansion Plan
Antimony adds to Felix' opportunity for its growing 831 Koz gold resource
Prime Location
Alaska Fraser Institute #4 mining rating
STRATEGIC
ADVANTAGES
VALUE
DRIVERS
In the established Fairbanks gold mining hub
Proximity to Kinross’s Fort Knox Mine,
actively seeking additional ore supply
Opportunity
Current market valuation of $24 EV/oz, positioned
for market reassessment
Tapping into a record-high gold market
Stand-alone or ore supply to existing operations
optionality
Grant Mine
NW Array Prospect
High-grade brownfields resource expansion
Large, open, at-surface, oxide and flat-lying gold system
JORC 2012 Inferred Minerals Resource Estimate
JORC 2012 Inferred Mineral Resource
364koz gold (inc. 136koz gold @ 6.2 g/t Au)*
25Mt @ 0.58g/t for 467koz*
Significant intercepts include
Significant intercepts include
18m @ 11 g/t Au (84R54)*
70.1m @ 1.6g/t Au (23TCRC138)*
6m @ 17 g/t Au (84D6)*
100.5m @ 1.14g/t Au (23TCRC135)*
6m @ 13 g/t Au (84R51)*
54.9m @ 1 .80g/t Au (23TCRC155)*
2024 Key Milestones
Q2: Commence expansion drilling
Q4: Update on resource modeling
2024 Key Milestones
Q1 : 90% recoveries from bottle roll test work received
Q2: Maiden Inferred Mineral Resource released
Q3: Resource expansion and metallurgical drilling
*Reference: ASX Announcement 28/01/2021 Prospectus, which includes JORC 2012 Inferred Minerals Resource Estimate
compliant - 5.8Mt @ 1.95 g/t Au, totaling 364 koz gold, including an underground resource of 136 koz gold @ 6.2 g/t Au.
**Drill intercepts previously reported in
ASX Announcements listed in Appendix 1.
10
The Team to Deliver
The technical, operational & commercial expertise is geared towards metals exploration success
Ronnie Beevor
Joseph Webb
Mark Strizek
Non-Executive Chairman
Executive Director
Non-Executive Director
40+ years’ experience in mining investment
banking; previously Head of IB at Rothschild
Australia over 1997 - 2002
Director of Champion Iron, which operates the
15mtpa Bloom Lake iron ore mine in Quebec
Recently Chairman of Bannerman Energy, which
owns the Etango Uranium Project in Namibia
20+ years’ global executive management
experience in the resources and manufacturing
industries, with previous commercial roles with Rio
Tinto and Mineralogy
Extensive commercial experience and a clear focus
on the strategy, people, and processes to
maximise the potential of the Company’s vision
Andy Browne
Craig McPherson
Non-Executive Director
CFO & Company Secretary
Geologist with almost 50 years’ global experience in
minerals exploration and evaluation
20+ years’ commercial and financial management
experience, both in Australia and internationally
Team leader in major discoveries of gold, mineral
sands and uranium, including NexGen’s Arrow
uranium deposit, Canada
Held various key executive roles with ASX- and TSXlisted companies within the resources sector over
the past 15 years
Brings proven large-scale orebody discovery
expertise
Significant acquisitions and divestments experience,
corporate financing initiatives, and stock exchange
listings
27+ years’ experience in the resource industry with
geological, technical and development expertise
Experience as a geologist across various gold, base
and technology metal projects
Management and Board responsibilities in
exploration, feasibility, finance and developmentready assets globally
11
Corporate Structure
5%
7%
Highlights
Tight capital structure
Strongly supportive institutional shareholder base
Expert geological and development guidance from MDF Global
20%
CAPITAL STRUCTURE
Shares on Issue
255.53 M
Share Price (close 28 Aug 2024)
A$0.083
Market Capitalisation
A$21.2 M
Options/Rights (excl convertible note)
34.74 M
Cash (EOFY24)
A$1.6 M
SHARE REGISTER
68%
Consolidated and Institutional
Debt drawn (EOFY24 - before being
converted to equity)
A$0.7 M
EV
A$20.3 M
MDF Global
Management and Directors
Alaskan Energy Metals Corporation
6 12
Environment, Community and Governance
Stakeholder Engagement
We acknowledge and respect the presence of community
and industry stakeholders.
We are dedicated to surpassing regulatory standards and
community expectations through proactive engagement.
Regulatory & Community Commitment
In Alaska, we have dedicated program to manage
stakeholder relations, community engagement, and
government affairs. We are committed to earning the trust
of stakeholders.
Sustainable Practices & Commitments
Best-in-Class Regulatory Approach
We work closely with industry bodies,
regulatory bodies and peers to uphold the
highest standards.
Strong Community Engagement
We ensure open, transparent communication
with all stakeholders, fostering strong
relationships.
Felix Gold’s projects are going through the exploration and
resource definition phase. If successful, this work will lead
to economic assessment and project definition.
A thorough community consultation and statutory
permitting process would then be carried out prior to any
decision on mining.
Integrating ESG
We commit to embedding environmental, social, and
governance (ESG) principles in our operations, aiming
for a positive impact on society and the environment.
13
Fuelling Growth: Felix Gold's Resource Expansion
Plan Near Tier 1 Gold Mine
For further
information,
please contact:
Joe Webb
joe.webb@felixgold.com.au
+61 422 955 411
Appendix 1
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 and Prospectus:
28 August 2024 High Grade Antimony Assay Results up to 15.99% Sb
20 June 2024 Maiden NW Array Inferred Mineral Resource, 25Mt @ 0.58 g/t Au for 467,000 oz of Gold
16 May 2024 Felix Gold Secures Strategic Claims, Expanding Scale Potential of NW Array Gold Trend
10 April 2024 North West Array Bottle Roll Gold Recoveries Average 90%
19 October 2023 High Grade Antimony Assays up to 28% Sb
11 August 2023 Substantial Gold Zones and High-Grade Antimony from Assays
24 July 2023 Continuation of Broad Zones of Gold and High-Grade Stibnite
17 July 2023 High-Grade Critical Mineral Discovery at NW Array
4 July 2023 NW Array Drilling Announcement
3 July 2023 NW Array Drilling Returns Broad Gold Intercepts
26 Nov 2021 Prospectus
A copy of such announcements is available to view on the Felix Gold Limited website www.felixgold.com.au. 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.
Share your feedback
Discover