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The latest update is out from Far East Gold Ltd ( (AU:FEG) ).
Far East Gold Ltd announced a strong quarter with significant developments in its exploration projects. The company’s acquisition of the Idenburg Contract of Work has led to a maiden JORC inferred Resource Estimate, highlighting substantial gold and silver reserves, and projecting significant future potential. Additionally, the company secured nearly A$9.9 million from its strategic investor, Xingye Gold, with further funding expected, indicating robust financial support for its ongoing and future exploration initiatives.
More about Far East Gold Ltd
Far East Gold Ltd operates within the mining industry, focusing primarily on exploration projects in Indonesia and Australia. The company’s portfolio includes significant interests in gold and silver resources, with a particular emphasis on developing highly prospective mining areas.
YTD Price Performance: -2.78%
Average Trading Volume: 112,879
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$60.04M
For a thorough assessment of FEG stock, go to TipRanks’ Stock Analysis page.
