Far East Gold (FEG) Q4 2026 TU earnings summary

Executive summary

• Achieved 51% ownership of the Idenburg Gold Project in Indonesia, with a clear pathway to increase to 80% upon completion of a feasibility study by end-2027.

• Released an updated JORC 2012 inferred resource estimate for Idenburg, increasing the resource by 44% to 780,000 ounces of gold at 3.1 g/t Au.

• Received an unsolicited takeover bid from Xingye Gold, which was unanimously rejected by the Independent Board Committee as undervaluing the company.

Financial highlights

• Capitalised exploration and evaluation expenditure for the quarter was $284,000, with $86,000 in Indonesia and $198,000 in Australia.

• Expensed $847,000 in drilling and support costs at Idenburg through operating cash flows.

• Net cash used in operating activities was $1.394 million for the quarter.

• Cash and cash equivalents at quarter end were $1.9 million.

• Payments to related parties totaled $175,000.

Outlook and guidance

• Ongoing feasibility and scoping studies at Idenburg to support resource growth and mine planning, with the goal of increasing ownership to 80%.

• Actively evaluating funding alternatives, including equity raisings, strategic investments, and joint ventures, to support operations.

• Cost reduction initiatives implemented to preserve cash; directors expect continued operations and ability to meet business objectives.