Far East Gold Limited (ASX: FEG) (“Far East Gold” or “the Company”) has announced highly encouraging drilling results from the Sua Prospect within its Idenburg Project in Papua, Indonesia, confirming and extending high-grade gold mineralisation across multiple stacked veins. The latest assay results validate historical drilling, demonstrate continuity at depth and along strike, and reinforce the Company’s interpretation that the Idenburg Project hosts significant resource growth potential. With further assays pending and drilling already exceeding initial objectives, the announcement marks a major step forward in advancing the Sua Prospect.
Figure 1: Location of Far East Gold’s Indonesian projects, including the Idenburg project. [Far East Gold]
Idenburg Project Overview
The Idenburg Project is held under a long-standing Contract of Work (CoW) licence covering approximately 95,280 hectares in Papua, Indonesia. The project hosts multiple gold prospects within the exotic Idenburg Inlier terrane, a region known for orogenic gold mineralisation hosted in deformed metamorphic rocks.
The Sua Prospect sits within the 5 km long Sua–Afley shear zone, a structurally complex corridor that has already delivered a JORC 2012 Inferred Mineral Resource of 2.5 million tonnes at 3.7 g/t gold for 296,000 ounces. The Company’s current drilling program aims to confirm historical results, upgrade confidence in known zones, and extend mineralisation beyond the existing resource envelope.
Figure 2: Map illustrating prospect and resource areas across the Idenburg COW tenement, including active drilling at the Sua and North Bermol prospects and PIPPIB forest reclassification zones (WGS84, Zone 54S). [Far East Gold]
Drilling Program Designed to Test and Extend High-Grade Zones
Far East Gold recently completed an initial 10-hole diamond drilling program (KSD023 to KSD032) at the Sua Prospect, totalling 1,836 metres. The program was specifically designed to:
- Confirm high-grade gold zones intersected in historical drilling
- Test extensions of mineralisation down-dip and along strike
- Improve geological understanding of stacked vein systems
Assays have been received for four holes to date, with all four intersecting high-grade gold mineralisation across multiple veins, exceeding the Company’s original objectives.
Figure 3: Map of the Sua prospect showing FEG drillhole locations (KSD023–032) alongside historical drillholes KSD002 and KSD008. [Far East Gold]
Figure 4: Drillhole collar details for FEG holes completed at the Sua Prospect, current to 9 December 2025, with coordinates referenced to WGS84, Zone 54S. [Far East Gold]
KSD025 Confirms and Expands Historical High-Grade Mineralisation
Hole KSD025 was drilled as a twin to historical hole KSD008, which previously intersected 18.19 g/t Au over 6 metres, including 3 metres at 34.95 g/t Au.
KSD025 successfully confirmed this high-grade zone and intersected several additional mineralised intervals, including:
- 8.42 g/t Au over 7.7 metres from 106.3 metres, including
- 34.65 g/t Au over 0.7 metres
- 26.43 g/t Au over 0.5 metres from 125 metres
Importantly, the deeper high-grade zone at 125 metres was not reported in the historical hole, demonstrating the effectiveness of the Company’s drilling strategy and highlighting previously untested mineralisation.
Figure 5: Core images from holes KSD025 and KSD026 highlighting deformed, chloritised metadiorite with coarse pyrite associated with high-grade gold mineralisation. [Far East Gold]
KSD026 Demonstrates Down-Dip Continuity
Hole KSD026 was drilled approximately 50 metres down-dip from the KSD025/KSD008 position to test depth continuity of the high-grade zone.
The hole intersected multiple strongly mineralised intervals, including:
- 8.82 g/t Au over 4.5 metres from 120 metres, including
- 51 g/t Au over 0.5 metres
- 2.1 g/t Au over 12.5 metres from 132.5 metres, including
- 8.54 g/t Au over 2.1 metres from 135.9 metres
These results confirm that the high-grade mineralisation persists at depth and remains open both vertically and laterally.
Figure 6: Cross section (looking northeast) illustrating FEG drillholes KSD025 and KSD026 alongside historical holes KSD008 and KSD011. [Far East Gold]
Multiple Stacked Veins Enhance Resource Potential
Mineralisation at the Sua Prospect is hosted within stacked milky quartz ± sulphide veins, with more than 30 individual gold-bearing veins identified to date. This style of orogenic gold mineralisation is known for grade variability and the presence of bonanza-grade shoots, particularly where structures intersect.
The Company’s drilling confirms that multiple veins contribute to gold mineralisation rather than a single discrete structure, increasing the potential scale of the system and supporting further infill and step-out drilling.
FEG’s Non-Executive Chairman, Mr Justin Werner, stated: “The high-grade intercepts in KSD025 and KSD026 build on the strong results from our first two holes, KSD023 and KSD024.”
Bonanza Grades Reinforce Exploration Model
All four drillholes assayed to date from the current program have returned bonanza-grade intervals, including coarse visible gold observed in several intersections.
Mr Werner further commented: “All four drillholes assayed to date from FEG’s current program at Sua include bonanza-grade intervals.”
He added: “With our first four holes showing high-grade mineralisation across multiple veins, Sua is confirming the Company’s interpretation that Idenburg holds significant resource potential.”
These statements underscore management’s confidence in both the geological model and the future growth potential of the Sua Prospect.
Next Steps: Assays Pending and Expansion Drilling Planned
Assays remain pending for six additional drillholes, which were specifically positioned to:
- Extend mineralisation 150 metres along strike to the northeast
- Test 50 metres down-dip beyond the current defined resource
- Expand the mineralised footprint beyond historical drilling
The Company also continues surface mapping at the nearby Kwaplu Prospect, which lies along strike to the southwest of Sua. This work will define targets for an initial scout drilling program, providing further exploration upside within the Idenburg Project.
The Company’s Head of Exploration, Mr Tedy Setiabudi, has released a video outlining this announcement and discussing the next steps for Far East Gold: “With four of ten drill holes now assayed, our next step includes extending this zone along strike and down deep, and advancing target definition in new prospect quadrants.”
Supportive Gold Market Adds Strategic Context
The announcement comes as gold trades at US$4,327.65 per ounce, having gained more than 60% over the past year. Gold has recorded over 50 all-time highs in 2025, supported by central bank buying, renewed investor interest, and geopolitical uncertainty.
Gold Price Performance (USD)
- Today: +32.10 (+0.75%) [December 15th, 2025]
- 30 Days: +222.19 (+5.45%)
- 6 Months: +897.66 (+26.42%)
- 1 Year: +1,642.50 (+61.92%)
- 5 Years: +2,431.13 (+130.41%)
- 20 Years: +3,791.92 (+753.29%)
This rally mirrors historic surges seen during the 1970s and 1980s, periods defined by currency debasement and geopolitical instability. However, the current cycle differs in one key respect: demand now comes simultaneously from central banks and Western investors, creating a structurally stronger market foundation.
Figure 7: Gold price rally in the last 1 year [Goldprice]
Investor Outlook: Strong Exploration Momentum
Far East Gold Limited’s share price reflects increasing investor confidence following the announcement.
Share Price Activity (ASX)
- Last Price: $0.16
- Change: +0.005 (+3.23%)
- 1-Month Performance: +14.29%
- Market Capitalisation: $58.72 million
With confirmed bonanza-grade gold, mineralisation open in multiple directions, and a clear pathway to resource expansion, the Company is well positioned for continued news flow. As further assays are released and drilling expands beyond the current resource, Far East Gold offers investors exposure to a high-grade gold system at an early but rapidly advancing stage.
