Felix Gold (ASX: FXG) has secured a critical bulk sampling permit from the Alaska Department of Natural Resources (DNR) for its Treasure Creek Antimony Project.
This important approval enables near-term ore extraction and advances the company's dual pathway to U.S. antimony production.
The Alaska DNR approved an amendment to Felix Gold's existing plan of operations, allowing bulk sampling at the NW Array Prospect, authorising the extraction of approximately 1,450 metric tonnes of near-surface, high-grade massive stibnite material.
The permit is valid through 31 December 2029, providing multi-year continuity for exploration and extraction activities.
Operations are already underway, with ore extraction expected to commence in the coming weeks.
Dual Pathway to Antimony Production
Felix Gold is advancing two parallel processing pathways for its antimony.
The first targets toll treatment at existing U.S. facilities, aiming for H2 2026, subject to commercial and regulatory completion.
Concurrently, the company is pursuing the development of a dedicated U.S. smelter, targeted for 2027, which is contingent on engineering studies and regulatory approvals.
The project is underpinned by high-grade material, with previously reported 89.2% antimony-bearing minerals prior to processing, and a surface vein result of 3m @ 50.26% Sb.
Advancing Alaskan Antimony Project
The bulk sample permit amendment specifically covers the NW Array Prospect within the broader Treasure Creek project.
It also extends groundwater monitoring and drilling activities through the current season.
Significantly, Felix Gold has confirmed that its bulk sampling activities do not impact federal land, which may help streamline future regulatory processes.
Recent drilling at NW Array has continued to confirm extensions of high-grade antimony and associated gold mineralisation, with the system remaining open in both directions.
Funding and Gold Resources
Felix Gold has strategically pivoted its focus to near-term antimony production, leveraging strong market dynamics for the critical mineral.
The company is well-capitalised, having completed a $17 million placement in May 2025 and an earlier $4.8 million raise in October 2024.
As of 30 June 2025, Felix Gold held A$16.43 million in cash.
While prioritising antimony, the company also retains a substantial 831,000oz JORC inferred gold resource, providing valuable dual commodity optionality within its Alaskan portfolio.
"We now have permitted access to a high-quality source of antimony, with multiple pathways to production already in motion," executive director Joseph Webb said.
"This is the point where the project shifts from study to execution."
