Announcement PDF ASX Announcement 25th Nov 2025 Felix Gold Limited (ASX: FXG) is pleased to report shallow high-grade gold assay results from its 2025 drilling program at our Treasure Creek Project in the Fairbanks Mining District, including 4.89 m @ 20.42 g/t Au. Gold mineralisation is related to a set of geological structures, some of which also contain previously reported high-grade antimony intersections at the NW Array prospect. Highlights High-Grade Gold Results ● 13.75m @ 7.69 g/t Au from 3.29m, including 4.89m @ 20.42 g/t Au (Hole 25TCDC001) ● 35.10m @ 1.82 g/t Au from 24.08m, including 7.98m @ 2.52 g/t Au, 8.40m @ 3.97 g/t Au (Hole 25TCDC010) ● 47.25m @ 1.08 g/t Au from 24.38m, including 3.04m @ 1.4 g/t Au, 1.53m @ 1.77 g/t Au, 1.52m @ 2.41 g/t Au and 4.57m @ 2.27 g/t Au (Hole 25TCRC034) ● 16.01m @ 1.71 g/t Au from 34.28m, including 8.14m @ 2.79 g/t Au (Hole 25TCDC021) Geological Relationship ● Gold mineralisation is related to a set of geological structures, some of which also contain previously reported high-grade antimony, with gold forming a broader halo around antimony. ● High-grade antimony samples (>1% Sb) contain a range of gold grades from 0.24 g/t to 6.5 g/t. ● Very high grades in 25TCDC010 within highly weathered material near surface ● Mineralisation remains open along strike and at depth Fairbanks Gold District Context ● Alaska's premier gold mining district with 16+ Moz historical production ● Felix is the largest landholder in the Fairbanks Mining District (see Fig. 1) ● Located 20 minutes from Kinross Gold's Fort Knox—a Tier 1 gold operation with established infrastructure including a heap leach facility and 40,000 tpd mill. Join the conversation For any questions regarding this announcement or to join in with the conversation, view this announcement on our Investor Hub. Felix Gold Limited (ASX.FXG) 1 ASX Announcement 25th Nov 2025 Felix Gold’s Executive Director, Joe Webb, commented: "These results showcase exceptional gold grades in Alaska's premier Fairbanks Mining District with Fort Knox, a Tier 1 operation, located 20 minutes from our project. The geology is particularly encouraging. We're seeing high-grade gold within the same structures that host our antimony mineralisation, with gold forming broader halos around these zones. The 13.75m @ 7.69 g/t intersection in hole 001, including 4.89m @ 20.42 g/t, demonstrates the grade potential within these weathered breccia structures. For shareholders who joined us during the antimony story, these results highlight the significant gold opportunity at Treasure Creek. As the largest landholder in a district with over 16 million ounces of historical production, we're demonstrating the quality of our gold asset while systematically defining these mineralised structures—which remain open along strike and at depth." A Premier Gold Mining District Treasure Creek is located in the Fairbanks Gold Mining District, which has produced over 16 million ounces of gold historically. The district hosts Kinross Gold's Fort Knox mine, a Tier 1 operation, located just 20 minutes from Treasure Creek. Felix is the largest landholder in the Fairbanks Gold Mining District, with our landholding illustrated in Fig. 1 below. The district's existing infrastructure—such as power, roads, a skilled workforce, and proximity to processing facilities and the city of Fairbanks—offers a straightforward development route for gold projects. Fig 1. Location of reporting gold results from NW Array, shown within the Fairbanks Gold Mining District Felix Gold Limited (ASX.FXG) 2 ASX Announcement 25th Nov 2025 Demonstrated Bulk-Tonnage Potential While the 2025 program has successfully targeted high-grade structures (e.g., 13.75m @ 7.69 g/t Au in hole 25TCDC001), these results complement Felix Gold’s previous discovery of thick, near-surface, bulk-tonnage mineralisation. The current high-grade intercepts often represent the "feeder" structures within these broader halos. Significant historical intercepts from the NW Array and Treasure Creek prospect include: Table 1: Select Historical Bulk-Tonnage Intercepts Hole ID From (m) Interval (m) Au (g/t) Gram-Metres (GxM) Year 22TCRC008 32.0 90.0 1.20 108 2022 22TCRC071 6.1 70.1 1.60 112 2022 23TCRC135 1.5 54.9 1.80 99 2023 23TCRC176 3.0 33.5 1.63 55 2023 Refer to ASX Announcements dated 22 June 2022, 01 August 2022, and 24 July 2023 for full details. The Company confirms it is not aware of any new information or data that materially affects the information included in the original announcements and all material assumptions continue to apply. Drilling Results - NW Array 2025 Program Program Overview An extensive program of drilling at the NW Array gold-antimony prospect has recently been completed. To date a total of 56 RC holes for 3139.49 m (including 8 water monitoring bores) and 67 diamond holes for 5,826.5 m have been completed. Drilling is targeted at better defining the extents and grade of high-grade antimony and gold mineralisation intersected in previous drilling and trenching campaigns. Samples from the drilling program have been submitted to MSA Laboratories in Vancouver for multi-element analysis with specialised methods for high grade antimony and PhotonAssay for gold. Gold assay results are pending for 62 diamond holes and 51 RC holes. Results Gold Photonassay results have been received for 10 drill holes, including 5 diamond core and 5 reverse circulation (RC) holes. Significant intersections (above a cut-off of 0.3 g/t Au) are summarised in Table 2, with drill hole details in Table 3. Locations of intersections with respect to other drill holes and interpreted structures are presented in plan view in Figure 2 and key cross sections are presented in Figures 3, 4 & 5. Figure 6 shows the area covered by intersections reported in this announcement with intersections from previous drilling shown for context. Felix Gold Limited (ASX.FXG) 3 ASX Announcement 25th Nov 2025 Hole 25TCDC001 - Best intersection 13.75m @ 7.69 g/t Au including 4.89m @ 20.42 g/t Au The high-grade intersection in hole 25TCDC001 occurs from 3.29 m to 17.04 m, with most gold within a shorter interval of 4.89 m from 12.15 m downhole. Mineralisation is related to a highly weathered breccia zone in schist with abundant clay gouge and/or alteration immediately beneath fractured and brecciated felsic porphyry. Low-grade gold mineralisation between 0.3 g/t and 1.4 g/t extends into schist in the footwall of this upper zone. Another high-grade gold mineralised structure occurs in schist lower in the drill hole, giving an intersection of 5.49m @ 2.31 g/t Au. There are no significant antimony results associated with gold mineralisation in this drill hole. The relationship between this high-grade gold but low antimony intersection and other nearby drillholes is unclear. Hole 25TCDC010 The broad intersection of 35.1m @ 1.82 g/t Au occurs within fractured felsic porphyry and breccia above the contact with schist. The higher gold grades occur within breccia, which locally includes antimony up to a maximum of 6% within a narrower zone than gold. Hole 25TCDC014 Gold mineralisation occurs within two main zones of brecciated/fractured felsic porphyry and schist. The highest grades are found near the contacts of the lithologies. Hole 25TCDC015 The low-grade intersection in this drill hole is related to a zone of fracturing that also hosts antimony within felsic porphyry. Antimony assays reflect a zone of stibnite veining that is correlated with the mineralisation exposed in trench 25NWTR005. Hole 25TCDC021 Gold mineralisation in this drill hole has a similar association to hole 25TCDC010, with fractured felsic porphyry above a fault breccia zone at the contact between porphyry and schist. As in hole 010, higher gold grades within breccia are within the same part of the structure that hosts antimony veining (up to 13.26% Sb), although there is not an exact correlation between high gold and high antimony grades. The longest downhole intersection in this hole of 16.01m is through a foliated fault and breccia zone with an estimated true width of approximately 8m. Hole 25TCRC005, 25TCRC011 Narrow zones of gold mineralisation with grades less than 1 g/t occur within felsic porphyry. Unknown controls but possibly related to E-W trending fractures/fault zones that also locally host antimony mineralisation. Hole 25TCRC027 Low-grade gold mineralisation corresponds with logged schist immediately below the contact with felsic porphyry. This zone appears to correlate with mineralised breccia elsewhere, but has no antimony mineralisation. Felix Gold Limited (ASX.FXG) 4 ASX Announcement 25th Nov 2025 Hole 25TCRC034 Best gold grades in this drill hole appear to relate to E-W trending fracture zones and mineralised breccia. High gold grades in the breccia correspond with antimony assays up to 11.8%. Trench 25NWTR003 This short trench was excavated entirely within felsic porphyry over a small gravity anomaly. All samples contain low-grade (<1 g/t) gold mineralisation, possibly related to mapped fracturing in felsic intrusive rock. A single narrow stibnite vein was mapped in the first metre of the trench. Relationship Between Gold and Antimony Gold and antimony at Treasure Creek occur within the same set of geological structures but as separate mineral phases. Gold generally forms a broader mineralisation halo within and around antimony-bearing structures, particularly in brecciated zones. The resulting distribution of gold and antimony produces some zones of antimony-dominant mineralisation, some of gold-dominant or gold-only mineralisation and some zones of mixed gold and antimony. Cross-sections through key drill holes clearly show this relationship. For example, in Hole 25TCDC021, the highest gold grades occur roughly where antimony mineralisation is present, but gold extends into a broader halo beyond the antimony zones. The 2025 drilling program has systematically tested both metals, providing comprehensive data on the relationship between gold and antimony at NW Array. Felix Gold Limited (ASX.FXG) 5 ASX Announcement 25th Nov 2025 Fig. 2 Reported Gold Assays at NW Array Treasure Creek Felix Gold Limited (ASX.FXG) 6 ASX Announcement 25th Nov 2025 Fig. 3 Section A – B showing gold intersections reported in this announcement and gold assay results from previously reported holes drilled during campaigns in 2022 and 2023. Felix Gold Limited (ASX.FXG) 7 ASX Announcement 25th Nov 2025 Fig. 4 Section C – D showing gold intersections reported in this announcement and gold assay results from previously reported holes drilled during campaigns in 2022 and 2023. Felix Gold Limited (ASX.FXG) 8 ASX Announcement 25th Nov 2025 Fig. 5 Section E – F showing gold intersections reported in this announcement and gold assay results from previously reported holes drilled during campaigns in 2022 and 2023. Felix Gold Limited (ASX.FXG) 9 ASX Announcement 25th Nov 2025 Fig. 6 Locations of gold intersections >0.3 g/t Au reported in this announcement and intersections from previous drilling campaigns in 2022 and 2023 previously reported using a cut-off of 0.1 g/t Au. Felix Gold Limited (ASX.FXG) 10 ASX Announcement 25th Nov 2025 Antimony Context The 2025 drilling program at Treasure Creek was designed to test high-grade antimony mineralisation at the NW Array prospect. Results from this program, announced through October and November 2025, include: ● 3m @ 50.26% Sb (true width) at surface from trenching ● 17.78m @ 3.17% Sb including 6.7m @ 5.3% Sb from drilling ● 6.1m @ 7.86% Sb from 39.62m in high-grade vein In November 2025, metallurgical studies on antimony samples showed 89.2% of the raw ore to be antimony-bearing minerals before processing—a geological rarity. Multiple processing pathways were validated, including 74% Sb concentrate production (exceeding US military specification) and 98% extraction via direct alkaline leach. The metallurgical program identified separate gold recovery from antimony concentrates and tailings as a priority for future testwork. Maximising gold payability via gravity separation or hydrometallurgical extraction prior to concentrate sale will be a key economic driver given the high gold grades observed. Next Steps Exploration ● Complete logging and sampling of all drill holes ● Structural geology studies to refine the understanding of mineralisation controls ● Surface mapping and sampling ● Both gold and antimony mineralisation remain open in multiple directions Technical Studies ● Incorporate 2025 gold and antimony assays into resource database ● Refinement of 3D model of mineralised structures ● Metallurgical testwork on gold recovery (future phase) ● Engineering studies Antimony Development Pathway ● Advance antimony bulk sampling program (Q4 2025-Q1 2026 target)* ● Multi-year operational permitting advancing (Q1 2026 submission target)* *Subject to completion of appropriate technical studies, permitting approvals, funding, and Board approval. Felix Gold Limited (ASX.FXG) 11 ASX Announcement 25th Nov 2025 Table 2: Significant Gold Intersections (>0.3 g/t Au cut-off) Hole ID From (m) To (m) Interval (m) Au g/t 25TCDC001 3.29 17.04 13.75 7.69 including 12.15 17.04 4.89 20.42 and 19.54 32.13 12.59 0.49 and 37.8 43.29 5.49 2.31 including 37.8 41.1 3.3 3.62 25TCDC010 24.08 59.18 35.1 1.82 including 33.16 41.14 7.98 2.52 and including 45.1 53.5 8.4 3.97 25TCDC014 1.1 13.14 12.04 1.05 including 10.58 13.14 2.56 2.03 and 17.64 31.58 13.94 0.66 including 27.27 28.52 1.25 2.21 25TCDC014 and 33.7 36.67 2.97 1.11 25TCDC014 and 44.65 46.37 1.72 0.72 25TCDC021 7.32 11.25 3.93 0.51 25TCDC021 and 21.13 31.43 10.3 0.75 and 34.28 50.29 16.01 1.71 including 40.53 48.67 8.14 2.79 and 73.49 75.01 1.52 0.7 and 77.6 79.17 1.57 0.7 25TCRC005 21.34 22.86 1.52 0.77 and 47.24 50.29 3.05 0.42 25TCRC011 13.72 15.24 1.52 0.72 25TCRC020 0 13.72 13.72 0.58 and 22.86 48.77 25.91 0.61 including 41.15 42.67 1.52 2.24 25TCRC027 42.67 53.34 10.67 0.41 25TCRC034 1.52 4.57 3.05 0.7 and 9.14 12.19 3.05 0.63 and 24.38 71.63 47.25 1.08 including 36.58 39.62 3.04 1.4 and including 50.29 51.82 1.53 1.77 and including 56.39 57.91 1.52 2.41 and including 64.01 68.58 4.57 2.27 25NWTR003 0 7 7 0.53 Felix Gold Limited (ASX.FXG) 12 ASX Announcement 25th Nov 2025 Table 3: Hole Locations Treasure Creek Tenement, NW Array Target Area HoleID Hole Type UTM_NAD83_Zone 06N EOH (m) Azimuth (m) Dip (m) East North RL (m) 25TCDC001 DD 461829.2 7209062 440.723 61.78 254.5 -46.3 25TCDC010 DD 461796.1 7209001 446.852 61.57 287 -44.6 25TCDC014 DD 461769.9 7209024 453.108 60.96 328.7 -47.1 25TCDC015 DD 461747.8 7208931 457.138 67.06 341.4 -48.8 25TCDC021 DD 461782.3 7208959 448.801 87.42 325.4 -45.1 25TCRC005 RC 461798.2 7208991 447.253 50.29 26.3 -59.8 25TCRC011 RC 461775.5 7208938 450.859 50.29 31.7 -60.3 25TCRC020 RC 461751.5 7208876 452.21 48.77 49 -49.8 25TCRC027 RC 461747.6 7208933 457.334 60.96 5.9 -45.4 25TCRC034 RC 461729.3 7208889 459.73 76.2 2.6 -44.4 25NWTR003 Trench 461755.4 7208883 457.4 7 120 -13.6 Sb and multielement results, no gold 25TCRC004 RC 461805.7 7209021 446.505 60.96 26 -59.6 Join the conversation For any questions regarding this announcement or to join in with the conversation, view this announcement 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 Ph: +61 422 955 411 E: joe.webb@felixgold.com.au Felix Gold Limited (ASX.FXG) 13 ASX Announcement 25th Nov 2025 About Felix Gold Felix Gold Limited (ASX: FXG) is an ASX-listed gold and critical minerals 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 million ounces. Felix is the largest landholder in the Fairbanks Mining District. Our tenements sit within one of the largest gold production centres in the entire Tintina belt and lie in close proximity to Kinross Gold's Tier 1 Fort Knox mine and Freegold Ventures' rapidly growing Golden Summit discovery. The district also hosts significant historical antimony production, including grades up to 58% Sb from the Scrafford Mine at Treasure Creek, Alaska's second-largest historical antimony producer. This dual-commodity endowment positions Felix uniquely in a district with established mining infrastructure and proven geology. Felix's key projects are located only 20 minutes from our operational base in Fairbanks City, Alaska. This proximity provides access to existing infrastructure, low-cost power, skilled workforce, and year-round exploration capability—delivering genuine development pathways for our assets. Felix's value proposition is simple: we are striving to be the premier gold and critical minerals exploration business in the Tintina Province through the aggressive pursuit and realisation of Tier 1 gold discoveries. 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 Various 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” and similar expressions are intended to identify forward-looking statements. 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 Felix Gold Limited (ASX.FXG) 14 ASX Announcement 25th Nov 2025 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. This release details some important factors and risks that could cause the actual results to differ from the forward-looking statements and circumstances of other entities in this release. 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: 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) 15 ASX Announcement 25th Nov 2025 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) 16 ASX Announcement 25th Nov 2025 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. 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. ● 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) 17 ASX Announcement 25th Nov 2025 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) 18 ASX Announcement 25th Nov 2025 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) 19 ASX Announcement 25th Nov 2025 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-intensi