Felix Gold Accelerates Alaska Antimony Project Toward Production Readiness

Strategic Shift Toward Production

The September quarter marked a pivotal moment for Felix Gold Limited (ASX, FXG), as the company shifted focus from exploration to preparing for operational activities at its Treasure Creek antimony project in Alaska. This transition reflects Felix Gold’s ambition to establish a sustainable, high-grade antimony supply chain within the United States, a country increasingly seeking to reduce reliance on foreign sources for this defence-critical metal.

Operational and Environmental Progress

Key developments during the quarter included advancing the pathway to bulk sampling, with infrastructure upgrades and contractor mobilisation underway. These steps are critical for moving toward production-scale operations. Concurrently, Felix Gold progressed comprehensive baseline environmental, hydrological, and cultural studies, which are essential for de-risking the permitting process. Notably, visits from senior officials of the U.S. Environmental Protection Agency and the Federal Permitting Council provided validation of the company’s regulatory approach, underscoring alignment with U.S. sovereign supply objectives.

Exploration Success and Resource Expansion

Exploration results reinforced the project’s potential, with multiple high-grade antimony intersections reported at the NW Array prospect. These findings confirm repeatable mineralisation and continuity, positioning Felix Gold among a select group of companies capable of delivering both grade and scale. The discovery of extensive surface stibnite further expands the system’s scale and upside, enhancing the project’s attractiveness as a near-term domestic antimony source.

Strategic Engagement and Funding Outlook

Felix Gold has also initiated direct engagement with senior U.S. federal agencies and defence policy decision-makers, positioning Treasure Creek as a cornerstone asset within the national critical minerals strategy. This engagement is timely given the geopolitical urgency to secure domestic supply chains for strategic minerals. Financially, the company ended the quarter with A$8.1 million in cash, having invested heavily in exploration and project studies. While no formal capital raising has been announced, Felix Gold is actively assessing both equity and non-dilutive funding options, including potential support through U.S. government programs such as the National Defense Stockpile and the Inflation Reduction Act.

Looking Ahead

With a robust landholding across Alaska and a clear strategy to become the first domestic antimony producer in over three decades, Felix Gold is well positioned to capitalize on favourable market conditions. However, the company remains in early stages, with future production contingent on completing technical studies, securing permits, and aligning funding. The coming quarters will be critical as Felix Gold advances bulk sampling and continues regulatory engagement, setting the stage for potential near-term production.