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Far East Gold Ltd ( (AU:FEG) ) has shared an announcement.
Far East Gold Limited has successfully secured the third tranche of funding from its strategic investor, Xingye Gold Hong Kong Mining Company Limited, totaling A$4,783,449.60. This takes Xingye’s total investment in the company to A$14,673,757.60, equating to a 19.99% strategic stake. This investment is pivotal for FEG as it plans to execute its exploration strategies for 2025, focusing on four potential Tier 1 assets, thereby enhancing its market positioning and asset value.
More about Far East Gold Ltd
Far East Gold Limited (ASX: FEG) is an ASX listed copper and gold exploration company with six advanced projects in Australia and Indonesia.
YTD Price Performance: -4.44%
Average Trading Volume: 104,838
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$59.19M
For a thorough assessment of FEG stock, go to TipRanks’ Stock Analysis page.
