Announcement PDF ASX Announcement bsite 6 December 2024 Felix Gold Update – Investor Briefing Felix Gold Limited (ASX:FXG) will be holding a live and online investor briefing on Friday, the 6th of December at 12pm (AEDT). Executive Director of Felix Gold, Joe Webb, will provide an overview of the company and discuss their ambition for near-term antimony production. 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 6 December 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 Targeting Near-term Antimony Production in the U.S. INVESTOR PRESENTATION ASX: FXG Dec 2024 1 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 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 “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates” and similar 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 expressions are intended to identify forward-looking statements. Felix Gold cautions Disclosures. shareholders and prospective shareholders not to place undue reliance on these The reports were issued in accordance with the 2012 Edition of the JORC Australasian 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 forwardlooking 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 ABOUT FELIX GOLD ASX: FXG 3 Felix Gold: A Globally Significant Opportunity FELIX ANTIMONY ASSETS FELIX GOLD ASSETS ANTIMONY UP ~300% YTD 2024 GOLD UP 36% YTD 2024 One of Alaska's largest historic Antimony producers Production grades up to 58% Sb Two brownfield mines – former U.S. military supplier Infrastructure-rich Fairbanks Alaska location Center of U.S. supply chain security crisis Historic proven process flow sheets and resources Two Gold Projects JORC Resources of 831koz Au Stand-alone development potential and/or Direct ore supply to hungry Fort Knox Mill Largest landholder in Fairbanks Gold Mining District Infrastructure-rich location with direct mill access Felix is targeting near-term production by end 2025 4 Our Assets: Next to a Major Mining Centre, Fairbanks City FELIX GOLD TENURE Alaskan Kalgoorlie Equivalent Fairbanks is Alaska's mining hub, similar to Kalgoorlie. Robust Infrastructure and Utilities Benefits from a substantial infrastructure base and extensive utilities network. Resource Efficiency Low-cost power and skilled workforce optimize operations Our Assets NORTH EAST FAIRBANKS NE Fairbanks Project Scrafford Antimony Mine TREASURE CREEK 159 Auger holes sampled Peak gold values of 568 ppb Au (0.57 g/t Au) Production grades up to 58% Sb Historic high-grade mine True North Mine NW Array Gold Project 25Mt @ 0.58 g/t Au for 467koz Inferred Mineral Resource ~20km Treasure Creek Exploration Area KNOX MINE 11.27MOZ FAIRBANKS KEY LANDHOLDINGS Gant 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 Strategic Location Felix Gold Avidian Gold Kinross Gold Freegold Ventures Fairbanks Gold Mining District Major Roads Projects are within 20 minutes of Fairbanks. Mines / Projects Alaska Pipeline FAIRBANKS Railroad 5 Corporate Structure Top 10 41% Highlights 15% Tight capital structure - Top 10 41% MDF Global 5% Strongly supportive shareholder base Management & Directors CAPITAL STRUCTURE Shares on Issue* 328.7 M Listed Options (expiring 19/6/26 at $0.15) 16.2 M Unlisted Options (see Table 1) 13.1 M Share Price (close 4 Dec 2024) $0.088 Market Capitalisation $28.9 M Cash (Dec 2024) $4.0 M Enterprise Value $24.9 M 7% 1832 Shareholders 73% Consolidated & Institutional NUMBER. EXERCISE PRICE EXPIRY 4,562,500 $ 0.150 16/06/2026 1,500,000 $ 0.120 6/04/2027 500,000 $ 0.150 6/04/2027 1,250,000 $ 0.300 24/01/2025 1,250,000 $ 0.400 24/01/2025 1,047,893 $ 0.225 31/12/2024 1,047,893 $ 0.270 31/12/2024 1,893,370 $ 0.080 14/08/2027 Table 1: Unlisted Options 6 ANTIMONY BACKDROP ASX: FXG 7 Antimony: Why is it important? UNIQUE PROPERTIES High flame retardancy Strength and hardness enhancement Thermal and electrical properties ESSENTIAL FOR (Difficult/Impossible to Substitute) Ammunition Primers Fire Suppression & Vehicle Safety Systems Night Vision Devices SUPPLY CRISIS China has Banned Antimony Exports (Dec ‘24) ~85% of Global Supply from China & Allies 0% U.S. Domestic Mining East-West Tensions Escalating Ballistic Alloys Explosives and Detonators Armor-Piercing Rounds Semiconductors for radar and comms Countermeasure Flares (infrared decoys) Without antimony, U.S. military capabilities are at risk 8 The Antimony Squeeze Making Headlines Dec 3rd: China Bans Antimony Exports to U.S Supply Crisis Escalates 9 Antimony: A National Security Imperative U.S. Scrambles for Domestic Supply as Global Tensions Rise 2025 FELIX SOLUTION 2026 OUTLOOK 2020-2023 STORM BREWING 2024 CRISIS POINT ~85% of Global Antimony supply from China & Russia/Allies Global Antimony Supply Declining 2 x US historic Antimony mines Growing defense demand U.S. production ends, Pentagon flags China supply risk China restricts exports (Aug) High-grades recorded (58%sb) Supply constraints continue Military surges, supply squeeze begins Full China export ban announced (Dec) Excellent infrastructure-rich Fairbanks location Felix established as key U.S. supplier $350B+ critical minerals funding Prices spike +300% in 2024 Near-term production potential Production target: End 2025 FELIX ADVANTAGE Near-term, brownfields, high-grade mine restart in the US Historic resources and proven process flow sheets 10 FELIX ANTIMONY ASSETS ASX: FXG 11 Scrafford Antimony Mine at Treasure Creek One of Alaska's largest historic producers of antimony with production grades up to 58% sb Highlights Intermittent operation: 1915 – 1977 Scrafford Antimony Mine Production grades up to 58% Sb Historic high-grade mine TREASURE CREEK High-grade (past production up to 58% Sb): Reduced processing complexity Easily accessible: Near-surface high-grade ore Straightforward processing: Gravity separation method used NORTH EAST FAIRBANKS Treasure Creek Exploration Area KNOX MINE 11.27MOZ FAIRBANKS KEY LANDHOLDINGS Premium quality ore: Due to the absence of harmful smelter impurities Felix Gold Avidian Gold Valuable byproducts: Gold and silver present Kinross Gold Freegold Ventures Well-defined fault zone: For targeted exploration Fairbanks Gold Mining District Major Roads Proximity to Fairbanks: provided infrastructure advantages Mines / Projects Alaska Pipeline FAIRBANKS Railroad Cautionary Statement: Felix Gold is an early stage exploration company and no direct comparisons can be made with advanced exploration or production companies which are included for information only. 12 Antimony at Treasure Creek 13 Our Fast-Tracked Antimony Strategy Felix Gold Antimony Production Justification for a fast-tracked approach Brownfields Production Plan Fast-Tracked Advantages Strategic Value Targeting antimony Small-scale brownfields Aligns with U.S. domestic production by 2025 operation enables expedited production goals development Critical for national security 5,000 tonnes per annum target High-grade antimony discovered at surface Well-positioned for government funding Using proven historic mining & processing Historical studies confirm methods resource potential support 14 Extensive Antimony Exploration Upside Treasure Creek is a gold-antimony system with two past-producing mines and several multiple km of structural corridors hosting antimony 23TCRC155 Scrafford Antimony Mine Goodwin Antimony Mine Operated intermittently 26m (85’) decline and +8km strike hosting the historic Scrafford Antimony Mine and Goodwin Antimony Mine. +6km trend with high-grade antimony discoveries, indicating strong exploration potential. quartz and schist. Ore grades ranging from shipped in WW1 but tonnes 38% to 56% Sb and grade unknown 1.5m @ 26.1% Sb from 38.1m 23TCRC171 22TCEC041 3m @ 14.24% Sb from 7.62m 1.5m @ 15.99% Sb from 86.9m 23TCRC176 Antimony Ridge Shear Zone massive stibnite in brecciated remarkably high production incl. 6.1m @ 13% Sb 23TCRC135 Scrafford Shear Zone 18m (60’) tunnel. Lenses of from 1915 to 1977, achieving 15.2m @ 5.5% Sb from 21.3m 6.1m @ 7.7% Sb from 3m incl. 1.5m @ 28% Sb Structural corridor hosting antimony North West Array Zone A Felix Gold discovery of high-grade and at-surface antimony which is open. These zones offer significant potential for resource growth and support for antimony production EASEMENT VIEN 4,5,6 VIEN 2 22TCRC122 6m @ 2.3% Sb from 143.3m + 1.5m @ 7.43% Sb from 141.7m +6km Structural corridor hosting antimony 15 Indicative Key Milestones Our roadmap WE ARE HERE 2025 > Late Sept ✓ $4.8m Placement Oct Nov Dec/Jan Feb ✓ Trenching ✓ Commence wetlands studies Trenching assay results Submit government funding application ✓ Collect Metalurgical Samples ✓ Commence feasibility studies Metallurgical test work results Commence engineering optimization ✓ Collect rock samples Engineering scoping Commence community engagement ✓ Engage environmental consultants Commence government funding on refined project scope ✓ Commence hydrology studies application 2025 > Mar/Apr May/Jun Jul/Aug/Sept Oct Nov/Dec ‘25 Commence permitting draft reports Submission of permit application Final economic study Target permit date Commence infill and expansion drilling Updated resource Commence site Engineering optimization study activities completed *This timetable is indicative only and may change. Please refer to key risks that may cause changes to the timetable. 16 Scrafford Antimony Investment Highlights PLAN TO PRODUCE 5,000 T / YEAR NEAR-TERM PRODUCTION BY END OF 2025 U.S. LOCATION IN THE CENTER OF SUPPLY CHAIN CRISIS 17 GOLD ASSETS ASX: FXG 18 Our Gold Assets One of Alaska's largest gold portfolios with 831koz gold resources in a proven mining district Grant Mine GOLD TENURE NE Fairbanks Project 159 Auger holes sampled NW Array Gold Project Peak gold values of 568 ppb Au (0.57 g/t Au) NORTH EAST FAIRBANKS 25Mt @ 0.58 g/t Au for 467koz Inferred Mineral Resource High-grade brownfields resource expansion JORC 2012 Inferred MRE: 364koz gold (inc. 136koz gold @ 6.2 g/t Au)* Exploration upside: Open along strike and at depth TREASURE CREEK True North NW Array ~20km Large, open, at-surface, oxide and flat-lying gold system JORC 2012 Inferred MR: 25Mt @ 0.58g/t for 467koz* Exploration upside: Open along strike and at depth NE Fairbanks Gant 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 Treasure Creek Exploration Area KNOX MINE 11.27MOZ FAIRBANKS KEY LANDHOLDINGS Felix Gold Avidian Gold Strategic landholding adjacent to major gold producers Kinross Gold Freegold Ventures Adjacent to Fort Knox Mine (11.27Moz) and Golden Summit (22.4Moz) Fairbanks Gold Mining District Historic assays up to 1.84 oz/ton gold Major Roads Kinross drilling near Felix boundary as they seek additional ore Mines / Projects Alaska Pipeline FAIRBANKS Railroad Cautionary Statement: Felix Gold is an early stage exploration company and no direct comparisons can be made with advanced exploration or production companies which are included for information only. 19 Grant Mine: Value Propositions High-Grade Gold Brownfields Resource Expansion ECONOMIC POTENTIAL ✓ High-grade gold Average underground grade of 6.2 g/t Au ✓ Brownfields resource expansion Only ~30km from Fort Knox* ✓ Historic 98% recoveries ✓ Positioned for growth High-Grade Gold Intercepts Existing Resource Commitment to extensional drilling in high-grade zones JORC 2012 Inferred MRE: Significant intercepts include: 18m @ 11 g/t Au (84R54)* 6m @ 17 g/t Au (84D6)* 6m @ 13 g/t Au (84R51)* 5.8Mt @ 1.95 g/t Au totalling 364koz gold incl. underground 136koz gold @ 6.2 g/t Au* Free Milling Gold Simple gravity and cyanide vat leach flowsheet Resource Growth Potential Open along strike and at depth Initiation of resource expansion activities JORC 2012 Exploration Target** indicates 5.6 Mt to 6.6 Mt at 1.9 g/t Au to 2.1 g/t Au, estimating an additional 338koz – 545koz gold** used between 1985 to 1989 with gold recoveries of up to 98% achieved. *See 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 **The Exploration Target potential quantities and grades are conceptual in nature and there has been insufficient exploration to date to define a Mineral Resource. It is not certain that further exploration will result in the determination of a Mineral Resource. The Exploration Target is not being reported as part of any Mineral Resource or Ore Reserve. 20 NW Array: Value Propositions Gold mineralisation at surface and amenable to bulk mining ECONOMIC POTENTIAL JORC 2012 Inferred MR 25Mt @ 0.58g/t Au totalling 467koz gold Using 0.25g/t Au cut-off @ US$2,000/oz pit shell* Notable Gold Intercepts* 70.1m @ 1.6g/t Au from 6.1m incl. 7.6m @ 6.4g/t Au from 21.3m. Hole 23TCRC138 100.5m @ 1.14g/t Au from 21.3m incl. 47m @ 1.7g/t Au from 38.1m. Hole 23TCRC135 54.9m @ 1.80g/t Au from 1.5m incl 30.5m @ 3.02g/t Au from 7.6m. Hole 23TCRC155 Similar size and grade to the Gil Sourdough deposit which has been supplying Fort Knox for two years Open Pit Potential Shallow ore body with ~78% of ounces within 50m from surface Metallurgical test work returns recoveries of oxide material up to 94.5% and averaging 89% overall Multiple drill targets identified for further resource growth 30km by road from Fort Knox, potential toll treatment being investigated Reported to ASX 20 June 2024 Maiden NW Array Inferred Minerals Resource 21 NE Fairbanks: Surrounded by Major Mines 22 Kinross Gold drilling are on traverses directly in line with Felix Gold’s Tenure 3 Drill traverses show promising geological continuity towards Felix Gold's tenure FXG ~160m 1 FXG ~210m FXG ~150m 2 FXG ~400m 1423 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, strong traditional owner relationships, dedicated stakeholder relations, community engagement programs, and government affairs. We are committed to maintaining the trust of all 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. 24 The Team to Deliver The technical, operational & commercial expertise is geared towards metals exploration success Ronnie Beevor Joseph Webb Mark Strizek Andy Browne Craig McPherson Non-Executive Chairman Executive Director Non-Executive Director Non-Executive Director CFO & Company Secretary 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 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 development-ready assets globally 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 TSX-listed 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 25 Value Creation Summary ANTIMONY PRODUCTION 12-months commencement of production target GOLD COMMERCIALISATION STRATEGIC LOCATION 831koz gold resources near hungry Tier-1 mill U.S. assets surrounded by infrastructure AIMING FOR NEAR TERM ANTIMONY PRODUCTION GOLD COMMERCIALISATION PATHWAYS 26 Key Risks The future performance of Felix Gold Limited may be influenced by a range of factors. Some of these factors can be mitigated, however some are outside the control of Felix Gold Limited. Investors should consider the following risks: Legislation changes/Government Policy and approvals: Changes in government regulations and policies may adversely affect the financial performance and access to projects to undertake exploration activities. Felix Gold Limited ability to explore and exercise our options may be impacted by government policy which is beyond the control of Felix Gold Limited. General economic conditions: Changes in the general economic conditions under which Felix Gold Limited operates may adversely affect the exploration activities. Permitting: Delays in drill permitting may adversely affect the timing or ability for Felix Gold Limited to carry out the drill testing. Commodity price: The value created by any discovery may be impacted by the fluctuation of the commodity price. Foreign exchange risk: Fluctuations in relation to foreign currency may impact on the operating costs of the company. Tenement compliance: Failure of Project Owners to keep tenements in good standing could impact Felix Gold Limited ability to drill test and option targets. Unforeseen expenses: Whilst Felix Gold Limited is not aware of any expenses that may need to be incurred that have not been taken into account, if such expenses were subsequently incurred, the anticipated budgets may be adversely affected. Exploration: Minerals exploration is a high risk undertaking. Felix Gold Limited exploration program may not result in the discovery of an economic minerals deposit. Operator risk: Failure of the project operator to comply with tenement conditions which could increase costs, delay and/or loss of access to tenement to undertake drill testing. Access: Ability to access projects as planned could be disrupted because of pandemics, weather, community or other constraints. 27 Targeting Near-term Antimony Production in the U.S. For further information, please contact: Joe Webb joe.webb@felixgold.com.au +61 422 955 411 28 Appendix 1 cont. Previous Disclosure – 2012 JORC Code Grant Mine – Mineral Resource Estimate Additional information in this presentation has been extracted from ASX announcements previously released by Felix Gold Limited, which are available at www.felixgold.com.au Grant Mine – Exploration Target An Exploration Target (JORC 2012) of 5.6 Mt to 6.6 Mt at a grade of 1.9 g/t Au to 2.1 g/t Au for 338,000 ounces to 545,000 ounces of gold was independently estimated by CP Mr Ian Taylor of Mining Associates for the Grant Mine based on a proposed exploration program. The Exploration Target is an extrapolation of the Grant Mineral Resource. The target sits outside of the current Mineral Resource reported above and has been extrapolated along the strike extent of known veins to the lease boundary. The Ethel Elms, O’Dea, and Lois veins were extended to a maximum depth of 300 m, 500 m and 50 m below surface respectively. A density of 2.65 t/m3 (same as resource estimation) was used. The Exploration Target was estimated by extending the estimated resource volumes and grade along strike. Grade ranges were determined using alternate estimation techniques during validation of the resource model. The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. Due to rounding to appropriate significant figures, minor discrepancies may occur, all tonnages reported are dry metric. Mineral Resource estimates are not precise calculations, and the reported estimate is dependent on the interpretation of limited data pertaining to the location, shape, continuity of the mineralisation and the quality and quantity of the samples of the mineralisation. Mineral Resources that are not Ore Reserves do not have demonstrated economic viability. No processing recovery factors, or other modifying factors have been applied to these resource figures. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant modifying factors. Effective date of 30 June 2021 The defined resource is contiguous, and by virtue of its grade and geometry, should be considered as a Mineral Resource. As such, the CP (Mr Ian Taylor of Mining Associates) considers that the reported Mineral Resource has reasonable prospects for eventual economic extraction by open pit mining methods, and Mineral Resources below the pit depth are considered at a higher cut off to reflect the higher cost of underground mining methods. The potential quantity and grade of this Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. 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. 29 Appendix 2 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 28 August 2024 High Grade Antimony Results up to 15.99% sb 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. 30