Far East Gold Limited (ASX: FEG) (“Far East Gold” or “the Company”) has delivered another strong set of assay results from its Sua Prospect at the Idenburg Gold Project in Papua Province, Indonesia. The Company intersected coarse visible gold returning 280 g/t Au over 0.4 metres within a broader mineralised zone of 8.59 g/t Au over 35.5 metres.
Drillhole KSD024 confirms the extension of bonanza-grade mineralisation 25 metres east from the previously reported KSD023, which returned 180 g/t Au over 0.4 metres within 13.77 g/t Au over 9.8 metres.
Key Highlights from KSD024
The latest drilling results demonstrate both the grade and continuity of gold mineralisation at Sua:
- 8.59 g/t Au over 35.5 metres (23.5m to 59m) including:
- 252.5 g/t Au over 0.8 metres (24.5m to 25.3m)
- 18 g/t Au over 3 metres (46m to 49m)
- 10.8 g/t Au over 2 metres (56m to 58m)
- Coarse visible gold observed in quartz-sulphide breccia
- High-grade zone remains open along strike for a further 75 metres toward historical hole KSD001
- Mineralisation hosted in a stacked vein system with more than 30 individual gold-bearing quartz veins identified
Geological Significance: Quartz-Sulphide Breccia Discovery
The intersection of coarse visible gold within quartz-sulphide breccia represents a geological development not widely documented at Sua previously. This rock type suggests intense structural deformation and fluid flow, both critical ingredients for high-grade gold deposition in orogenic systems.
The vein zones at Sua trend east-west and plunge approximately 35 degrees to the north. They occur within the 5-kilometre-long Sua-Afley shear zone, a major structural corridor with significant potential for additional high-grade discoveries.
Figure 2: Photos of drill core from hole KSD024
Strategic Resource Context
Far East Gold’s Idenburg Gold Project hosts a JORC (2012) inferred mineral resource estimate of approximately 540,000 ounces of gold at 4.1 g/t Au. The Sua Prospect accounts for an estimated 296,000 ounces at 3.7 g/t Au within this resource base.
| Prospect | Resource Class | Tonnes (Mt) | Au (g/t) | Gold (Koz) |
| Sua | Inferred | 2.5 | 3.7 | 296 |
| Bermol | Inferred | 1.5 | 4.8 | 228 |
| Mafi | Inferred | 0.2 | 2.9 | 16 |
| Total | Inferred | 4.1 | 4.1 | 540 |
Table 1: Idenburg Project Mineral Resource Estimate (JORC 2012) at 0.1 g/t Au cut-off
The confirmation of high-grade gold with visible gold at Sua marks a significant step in unlocking the full potential of the Idenburg Project. The occurrence of coarse gold can materially enhance resource development potential, particularly in terms of metallurgical recovery and economic outcomes.
Executive Commentary
Far East Gold’s Non-Executive Chairman, Justin Werner, stated: “The intercept in KSD024 reinforces the geological interpretation for Sua and demonstrates continuity of high-grade mineralisation along strike. Importantly, these high-grade results are occurring near surface, in stacked veins and remain open in several directions. Our focus now is on continuing the disciplined drilling needed to determine the extent of this zone.”
The Company’s Head of Exploration, Tedy Setiabudi, released a video discussing the announcement, highlighting the significance of the quartz-sulphide breccia and the continuity of bonanza-grade intersections.
Figure 3: Head of Exploration, Tedy Setiabudi
Expanded Drilling Programme
Far East Gold has completed 6 holes for 1,130 metres to date as part of the current Sua drilling campaign. The programme is designed to confirm geological interpretation, validate historical high-grade intersections, and expand the current resource through step-out drilling.
A total of 10 diamond drill holes for 1,820 metres are planned. Historical drilling was completed at 100-metre spacing, so the current programme tests lateral continuity of mineralised zones at 25 and 50-metre intervals.
Gold Market Remains Robust
The drilling success at Sua comes as gold prices maintain strength. Gold is currently trading around AUD $6,290 per ounce as of November 2025, supported by ongoing geopolitical uncertainty and central bank buying.
Figure 5: Gold Price as of 24 November 2025
Australian gold explorers with high-grade discoveries in tier-one jurisdictions continue to attract investor attention, particularly those advancing projects toward resource growth and development studies.
Investor’s Outlook
Far East Gold Limited (ASX: FEG) continues to demonstrate the exploration potential of its Idenburg Gold Project through systematic drilling and geological interpretation.
The confirmation of bonanza-grade gold over 25 metres between drillholes, combined with the presence of coarse visible gold and a newly identified quartz-sulphide breccia host rock, provides multiple vectors for resource expansion at Sua.
As of 24th November 2025, Far East Gold’s shares are trading at approximately AUD $0.16 to $0.17 per share, with the stock showing resilience amid broader market volatility in the junior gold sector.
Key metrics:
- Current price: ~AUD $0.16-0.17
- Market capitalisation: ~AUD $58.72 million
- 52-week range: AUD $0.110 – AUD $0.200
- Shares on issue: ~367 million
Figure 6: FEG Price Chart
With assay results from four additional drillholes still pending and the high-grade zone at Sua remaining open in multiple directions, the Company is well-positioned to deliver further exploration success in the coming months.
