Felix Gold’s Ambitious Antimony Plan Faces Feasibility and Permitting Challenges

Felix Gold Advances Strategic Antimony Production

Felix Gold Limited has reported substantial progress on its Treasure Creek Project in Alaska, positioning itself at the forefront of the U.S. critical minerals supply chain. The company is targeting initial antimony production by late 2025, a milestone that would mark the first domestic antimony output in the United States in over 30 years. This ambition is underpinned by ongoing metallurgical test work focused on improving concentrate quality, alongside engineering studies aimed at a low-capital expenditure, small-scale production model designed for rapid deployment.

Antimony, a critical mineral essential for defense, energy, and technology sectors, has seen its supply chains scrutinized due to heavy reliance on imports, primarily from China and Russia. Felix Gold’s Treasure Creek Project benefits from historic production credentials, high-grade mineralization reaching up to 65.4% antimony, and proximity to existing infrastructure including road access, power, and skilled labor in Alaska’s Fairbanks region.

Strategic Alignment with U.S. Government Priorities

The company’s development strategy is closely aligned with U.S. government priorities to secure domestic sources of critical minerals. Felix Gold has submitted applications for federal funding under initiatives such as the National Defense Stockpile and the Inflation Reduction Act, reflecting strong institutional support. The U.S. Department of Defense’s recent export restrictions and strategic mineral acquisition efforts underscore the urgency of developing domestic supply chains, placing Felix Gold in a potentially advantageous position.

Permitting pathways are being actively pursued with a focus on minimizing environmental footprint and aligning with policy frameworks that encourage small-mine operations. The company’s engineering and feasibility studies are targeting a fast-track production scenario with a low-impact operational model, aiming to capitalize on the strategic importance of antimony supply security.

Gold Assets Complement Critical Minerals Growth

Alongside its critical minerals ambitions, Felix Gold is building a strategic growth platform in gold within Alaska’s prolific Fairbanks Mining District. Holding over 392 square kilometres of tenure adjacent to Kinross Gold Corporation’s Fort Knox Mine, Felix controls a significant land package in a Tier-1 mining jurisdiction. The company currently holds a JORC-compliant inferred gold resource of 832,000 ounces and is focused on expanding this base with a clear strategy to supply ore to nearby processing facilities, thereby reducing capital intensity and development timelines.

This dual focus on antimony and gold positions Felix Gold uniquely to leverage both the growing demand for critical minerals and the enduring appeal of gold as a safe-haven asset amid global economic uncertainty. The company’s district-scale landholdings and infrastructure access provide scalability and optionality for future exploration and development.

Financial Position and Upcoming Catalysts

Felix Gold closed the quarter with a healthy cash reserve of A$3.7 million, reflecting prudent management of exploration expenditures and administrative costs. The company spent approximately A$348,000 on exploration activities in Alaska during the quarter and A$223,000 on administration, including directors’ fees. No new tenements were acquired or disposed of during the period.

Looking ahead, Felix Gold plans to initiate a maiden drilling program in May 2025 focused on expanding high-grade antimony zones at the NW Array and Scrafford Shear prospects. Completion of technical and economic feasibility studies is targeted for July 2025, alongside ongoing environmental baseline studies and community engagement. These milestones will be critical in advancing the project toward permitting and potential production.

Felix Gold’s progress reflects a broader trend of renewed interest in domestic critical minerals production, driven by geopolitical tensions and supply chain vulnerabilities. The company’s ability to navigate technical, regulatory, and market challenges will be closely watched by investors and industry observers alike.