Far East Gold (FEG) Q4 2025 TU earnings summary

Executive summary

• Drilling commenced at the Bermol prospect in Idenburg, with 6 holes (722.9m) completed, all intersecting broad shear zones with quartz veins and sulphide minerals, confirming historical continuity.

• UAV magnetic and LiDAR surveys planned to define drill targets along a 4km corridor between Bermol and North Bermol.

• Structural interpretation by Murphy Geological Services identified key features to guide future drilling and enhance discovery potential.

• Drill targets defined for an 18-hole, 5,740m program at Trenggalek to test copper porphyry and high-grade gold prospects.

• Community support and strategic partnership with Xingye provided substantial funds for ongoing exploration.

Segment performance

• Idenburg: 6 holes drilled at Bermol, all intersecting mineralized shear zones; grab samples at East Bermol returned up to 8.43 g/t Au and 31.9 g/t Ag.

• Bermol prospect has an inferred JORC Resource Estimate of 228k oz @ 4.8 g/t Au; exploration target up to 1.8 Moz @ 10.0 g/t Au (upper range).

• Phase 1 drill program at Idenburg to include 20 holes (2,670m) across Sua, Bermol, Kwaplu, and Mafi prospects.

• Woyla: No exploration activities in the quarter; 5-hole scout drilling planned at Kareung Reuboeh.

• Trenggalek: Advanced preparation for drilling; no field activities this quarter.

• Wonogiri: Engaged with authorities for IUP extension; scoping study underway; no exploration this quarter.

• Australia: No exploration at Blue Hill Creek or Mount Clark West; preparation and planning ongoing.

Significant events and developments

• Commissioning of the Senggi assay facility, with assay processing underway and results pending.

• Strategic partnership with Xingye provided substantial funding for exploration activities.

• No changes in tenement ownership or beneficial interest during the quarter.