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Far East Gold

Short interest
0.03%
as of 22 Aug 2023
Reported shorts
38.5K
Shares on issue
153.048M

Far East Gold (FEG) News

Latest articles and price-sensitive announcements with AI sentiment classification.

Kalkine
Neutral
25 Aug

Far East Gold (ASX:FEG) Strikes High-Grade Gold at Idenburg, Scoping Study Charts Path Forward

Highlights Sua's grade-tonnage curve concentrates 76% of contained gold in just 24% of its tonnage at a 3.0 g/t Au cut-off. Preliminary metallurgical testwork returns ~95% gold recovery; study adopts conservative 92% via gravity-CIL. Mining One recommends 73-hole, ~6,085-metre drilling program across Sua, Bermol, and North Bermol. Both development cases withstand 40% mining-cost sensitivity at US$3,300/oz and 9% discount rate. Deep in Papua, Indonesia, a compelling gold story is taking shape....

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Kalkine
Neutral
5 Aug

Far East Gold Reports Closing of Xingye Takeover Bid and Updates Securityholder Breakdown

Far East Gold Ltd (ASX:FEG) announced the closure of the off-market takeover offer by Xingye Gold (Hong Kong) Mining Company Limited at 7:00pm Sydney time on 29 July 2026. At the offer's close, Xingye Gold held a voting power of 34.57% in FEG, including acceptances expected to settle within seven business days following the offer's closure. Key Points The Xingye Takeover Offer officially closed at 7:00pm (Sydney) on 29 July 2026. Xingye Gold (Hong Kong) Mining Company Limited possessed 34.57%...

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Kalkine
Positive
31 July

Far East Gold (ASX:FEG) Gains Ground with Updated Idenburg Resource and Increased Ownership

Highlights Idenburg project ownership increased to 51%, with a pathway to 80% by end-2027. Idenburg gold resource expanded 44% to 780,000 ounces. Feasibility study, permitting and scoping work advanced, alongside ~95% gold recovery in metallurgical tests. High-grade gold assays at Kwaplu and Sikrima; Mount Clark West drilling identified porphyry-related copper indicators. Board recommended rejecting Xingye Gold's AUD 0.13-per-share takeover offer after an independent valuation. Far East Gold ...

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Kalkine
Neutral
21 July

Xingye Gold Declares Takeover Offer for Far East Gold Fully Unconditional as of July 21, 2026

Xingye Gold (Hong Kong) Mining Company Limited has announced that its off-market takeover bid for Far East Gold Ltd (FEG) is now free of all defeating conditions, making the offer fully unconditional as of 21 July 2026. Holding 33.90% of voting power in FEG, the Hong Kong-based bidder formally notified the ASX and FEG shareholders that no conditions remain attached to the acquisition proposal. This milestone removes uncertainty surrounding the completion of the takeover process. Key Highlights...

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Kalkine
Neutral
26 June

Far East Gold (ASX:FEG) Rejects Xingye Bid, Citing Significant Valuation Gap

Highlights The Independent Board Committee unanimously recommended shareholders reject the unsolicited AUD 0.13 per share takeover offer from Xingye Gold and take no action. Independent expert valued FEG at AUD 0.324–0.444 per share. The expert concluded the offer is neither fair nor reasonable and represents a 60%–71% discount to the assessed company value. Independent Directors holding 11.07% of FEG shares and major shareholders representing 12.44% h...

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Kalkine
Neutral
25 June

Far East Gold (ASX:FEG) Board Recommends Rejecting Xingye Takeover Offer

Highlights FEG has lodged its Target’s Statement with ASIC on 25 June 2026, formally responding to Xingye Gold (Hong Kong) Mining Company Limited’s AUD 0.13 per share unsolicited takeover offer. The Independent Board Committee unanimously recommends shareholders REJECT the offer and take no action, following its formal review process. Independent expert Lonergan Edwards & Associates Limited values FEG at AUD 0.324–0.444 per share, indicating a 60%–71% disc...

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Kalkine
Neutral
23 June

FEG (ASX:FEG) Back on Watchlists as Gold Stocks Rebound

Highlights Far East Gold (ASX:FEG) has attracted renewed attention as gold-focused stocks gained momentum across the Australian market. The company remains a debt-free explorer with projects spanning Australia and Indonesia. Rising interest in gold has placed speculative exploration companies back on investor watchlists despite ongoing sector risks. Far East Gold has returned to investor watchlists as stronger gold sentiment boosts interest in exploration stocks, with the company offering exp...

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Kalkine
Neutral
22 June

Is Far East Gold (ASX:FEG) Facing the Cash Runway Test?

Highlights Penny stocks are being assessed through cash runway, funding discipline and fresh company catalysts. Far East Gold (ASX:FEG), Elsight (ASX:ELS) and Patagonia Lithium (ASX:PL3) are helping frame the microcap quality test. EOFY flows, cautious sentiment and liquidity shifts are making balance-sheet strength more important than broad momentum. Penny stocks face a sharper funding test as Far East Gold, Elsight and Patagonia Lithium highlight cash runway, liquidity, company catalysts an...

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Kalkine
Neutral
22 June

Far East Gold (ASX:FEG): Why Is This Gold Explorer Expanding Its Share Base?

Highlights Far East Gold has listed 50 million new fully paid ordinary shares on the ASX. The expanded share base is expected to support exploration activities and future project development plans. The move strengthens funding flexibility as the company advances its resource portfolio. Far East Gold has expanded its capital base through the quotation of 50 million new shares, supporting exploration activities and enhancing funding flexibility. Far East Gold Limited (ASX:FEG) has expanded its ...

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Kalkine
Neutral
22 June

Far East Gold (ASX:FEG) Secures Majority Ownership of Idenburg Gold Project

Highlights Far East Gold has reached a 51% ownership of the Idenburg Gold Project following Stage One Completion under the Conditional Share Purchase Agreement. The company issued AUD 6.5 million worth of shares at AUD 0.13 per share to the Vendors’ nominee in line with the agreement terms. A clear pathway to 80% ownership is established, subject to acceptance of the Feasibility Study by Indonesia’s Ministry of Energy and Mineral Resources (ESDM). The Idenburg Gold Project hosts a J...

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Kalkine
Neutral
12 June

Far East Gold (ASX:FEG) Urges Shareholders to Wait on Xingye Gold’s Takeover Offer

Highlights Far East Gold has advised shareholders to take no action on Xingye Gold’s off-market takeover offer of AUD 0.13 per share until further information is released. The company has appointed financial, legal, valuation and technical advisers to conduct an independent assessment of the proposal. Xingye Gold, which currently owns 19.99% of Far East Gold, says the offer represents a 34.02% premium to FEG’s closing price on 26 May 2026. Far East Gold Limited (ASX:FEG) has advis...

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