Felix Gold Lodges Mine Permit Application and Reports Step-Out Gold Results at Treasure Creek

Aditi Sarkar

12 November 2026 10:45 AM AEDT

Felix Gold Lodges Mine Permit Application and Reports Step-Out Gold Results at Treasure Creek

Image Source: Krish Capital Pty Ltd

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Felix Gold Limited (ASX:FXG) has lodged a mine permit application with the Alaska Department of Natural Resources for proposed mining at its NW Array prospect and reported gold assay results for a further 29 holes of its 2026 drilling program at the Treasure Creek Project in Alaska's Fairbanks Mining District.

Key Points

Mine permit application lodged with the Alaska Department of Natural Resources on 11 November 2026 (Alaska time) for a small, seasonal operation at NW Array
Infill drilling returned gold from surface in all five shallow diamond holes reported, including 20.78m @ 0.91 g/t Au from surface (26TCDD007) and 9.12m @ 4.51 g/t Au from surface (26TCDD006, with cautionary note of 43% core recovery)
Step-out hole 26TCRC022 returned 19.81m @ 0.75 g/t Au from 42.67m, approximately 1.2km north-northeast of the proposed resource development area
Gold results have now been reported for 36 of 80 holes drilled in 2026; results for remaining 14 RC and 30 diamond holes, plus antimony assays for eight holes, are pending

Mine Permit Application Details for NW Array

Felix Gold lodged its Plan of Operations — the State of Alaska's principal approval to mine — with the Alaska Department of Natural Resources on 11 November 2026 (Alaska time). The applicant is Felix Gold Alaska Treasure Creek, Inc. The plan covers State upland mining leases on Fairbanks North Star Borough surface lands and sets out a small, seasonal operation targeting massive stibnite veins to produce an antimony concentrate. The proposed operation includes a single small open pit, a crushing, screening and ore sorting plant using no chemicals, waste rock and stockpile areas, approximately 112 acres (45 hectares) of total disturbance including 20 acres for exploration, and seasonal working in 2027 and 2028 by approximately 25 staff and contractors with no on-site camp.

2026 Drilling Results at NW Array Prospect

Within the proposed resource development area, infill diamond drilling returned gold from surface in all five shallow holes reported. Hole 26TCDD007 intersected 20.78m at 0.91 g/t Au from surface and hole 26TCDD006 returned 9.12m at 4.51 g/t Au from surface, though the company notes a cautionary 43% core recovery for 26TCDD006. In the southern part of NW Array, RC hole 26TCRC034 returned 21.34m at 1.32 g/t Au from 32.00m, including 13.72m at 1.79 g/t Au, with assays from other RC holes in the same area pending. To the south, hole 26TCRC009 returned 13.72m at 1.10 g/t Au from 16.76m, including 6.10m at 1.76 g/t Au, on a line testing a possible westward extension of the Scrafford Shear. All intersections are downhole lengths; true widths are not known.

Treasure Creek Project Background and Remaining Results

The Treasure Creek Project is located in the Fairbanks Mining District, Alaska, approximately 30km northeast of Fairbanks. The NW Array prospect hosts both high-grade antimony and gold mineralisation within the same structural corridor. The company disclosed that gold results have now been reported for 36 of the 80 holes drilled in 2026, with results for the remaining 14 RC holes and 30 diamond holes still pending, along with antimony assays for eight holes included in this release. The company is targeting mining operations in June 2027, subject to State approval of the mine permit, and operation of its U.S. antimony refinery in the first half of 2028. No Mineral Resources or Ore Reserves have been declared for antimony.

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