Far East Gold (FEG) Q1 2026 TU earnings summary

Executive summary

• High-intensity exploration activity in Indonesia, with significant drilling, sampling, and mapping at the Idenburg Project, leading to new discoveries and resource expansions.

• Productive quarter with regulatory milestones achieved, including a 9,000-hectare forestry reclassification, enabling accelerated exploration.

• Preparations advanced for drilling at Mount Clark West (Queensland) and Trenggalek Copper-Gold Project (East Java).

Financial highlights

• Total exploration-related expenditure for the quarter was $235,000, with $1.1 million spent on drilling at Idenburg.

• Payments to related parties totaled $201,000, including $154,000 in director salaries and $47,000 in benefits to the Managing Director.

• Net cash used in operating activities was $1.58 million; cash and cash equivalents at quarter end were $9.1 million.

• Estimated quarters of funding available: 5.02.

Outlook and guidance

• Multiple drill programs are active or imminent, with a steady stream of assay results expected in coming months.

• Drilling at Trenggalek and Mount Clark West is set to commence in Q4 2025.

• Ongoing engagement with potential Indonesian and multinational partners for future project development.