Far East Gold (FEG) H2 2026 earnings summary

Executive summary

• FY2026 focused on exploration, permitting and acquisitions across six projects; no mining or production revenue was generated.

• Idenburg ownership rose to 51%, with a pathway to 80% subject to an Indonesian Feasibility Study accepted by the Ministry by 31 December 2027.

Financial highlights

• Loss attributable to owners after tax and non-controlling interests was $8.06m, versus $6.48m in FY2025; loss before tax widened to $13.55m from $6.51m.

• Interest revenue was $223,762; operating cash outflow was $1.90m, versus $4.61m in FY2025.

• Investing cash outflow for exploration and evaluation was $7.09m, versus $3.96m in FY2025; cash ended at $1.90m, with no term deposits versus $7.50m a year earlier.

• Net assets increased to $53.48m from $45.94m; current assets were $2.39m and current liabilities $1.00m at 30 June 2026.

Outlook and guidance

• Priority is completion and delivery of the Idenburg Indonesian Feasibility Study, accepted by the Ministry by 31 December 2027, to support increasing ownership from 51% to 80%.

• Study work includes LiDAR, geotechnical and hydrological investigations, permitting, infrastructure engineering, metallurgical optimisation and mine design.

• Additional funding is required for planned exploration and evaluation; a further capital raise is expected in H2 FY2027, subject to market conditions and final terms.