Far East Gold (FEG) Status Update summary

Strategic partnerships and funding

• Xingye holds a 19.99% stake after investing over AUD 14.7 million, providing financial strength and board representation.

• Eurasian Resources Group invested AUD 4 million and brings operational capabilities, focusing on Trenggalek's development.

• Top 20 shareholders, including key industry figures, hold 61% of shares, supporting collaborative decision-making.

• Market cap is A$58.7M, with a strong balance sheet and recent oversubscribed placements.

• Fully funded for 2025 exploration, minimizing near-term dilution risk.

Project portfolio and exploration focus

• Holds six advanced gold and copper projects in Indonesia and Australia, with over AUD 50 million invested and 63,000 m drilled.

• Indonesian projects include Woyla, Idenburg, Trenggalek, and Wonogiri, all in world-class mineral belts.

• Australian projects (Mount Clark West, Blue Hill Creek) are highly prospective, with Mount Clark West targeting a large porphyry system and drilling planned for 2H 2025.

• Board and management have deep sector experience and strong government and partner support.

• Strategic investors have board representation, ensuring alignment with long-term growth objectives.

Idenburg project update

• Maiden JORC resource of 540,000 oz at 4.1 g/t Au; exploration target up to 7.2 million oz at 6.1 g/t Au, with only 30% explored.

• Drill rigs have arrived in Jayapura, with drilling expected to commence between the 17th and 21st of the month.

• The current drill program aims to upgrade the resource to 1.5 million oz JORC and convert inferred resources to indicated or measured.

• New high-grade gold discovery at East Bermol, supporting resource growth.

• Production at Idenburg could potentially begin within 18 months of a development decision, pending further drilling and permitting.