Far East Gold (FEG) Q3 2026 earnings summary

Executive summary

• Productive quarter with significant exploration at Idenburg (Papua, Indonesia) and initial drilling at Mount Clark West (Queensland, Australia).

• Key regulatory milestones achieved, including environmental approval and forest reclassification at Idenburg, enabling accelerated exploration and future development.

• High-grade gold intercepts and resource expansion potential confirmed at Sua and North Bermol prospects.

• Preliminary metallurgical tests at Sua indicate high gold recoveries and simple processing.

• Company remains well-funded and is considering further capital raising to support ongoing activities.

Financial highlights

• $533,000 capitalised for exploration and evaluation, mainly in Indonesia and Australia.

• $1.783 million expensed for drilling and support at Idenburg.

• Net cash outflow from operating activities was $2.314 million for the quarter.

• Cash and cash equivalents at quarter end: $3.56 million.

• Payments to related parties totaled $178,000, mainly for director salaries and benefits.

Outlook and guidance

• Updated Mineral Resource Estimate for Idenburg is in progress, with further drilling planned at Sua.

• Company expects to reduce operating cash outflows as non-recurring costs subside.

• Actively considering equity capital raising to strengthen cash position.

• Confident in ability to continue operations and meet business objectives based on current cash reserves and funding options.