Permitting and Feasibility Risks Loom as Felix Gold Targets Near-Term Antimony Output
Felix Gold Limited has launched field exploration and development at its Treasure Creek Antimony Project in Alaska, aiming for potential antimony concentrate production by late 2025. The company is progressing drilling, environmental studies, and engineering design to support a feasibility study and permitting.
- Field trenching and drilling underway at NW Array and Scrafford prospects
- Baseline environmental studies initiated to support permitting
- Engineering and plant design progressing on strong metallurgical results
- Community and government engagement in early pre-permitting phase
- Targeting first antimony concentrate production by Q4 2025
Exploration and Development Kickoff
Felix Gold Limited (ASX, FXG) has officially commenced field-based exploration and development activities at its flagship Treasure Creek Antimony Project in Alaska. This marks a significant step forward as the company seeks to generate the critical data needed for a feasibility study, which could pave the way for near-term antimony production. The project, located just outside Fairbanks, benefits from excellent infrastructure including road access, power, and a skilled local workforce, factors that considerably reduce development risks.
Focused Drilling and Environmental Work
The current field campaign includes trenching and drilling at the NW Array and Scrafford prospects. These efforts aim to upgrade existing mineral resources to higher confidence categories and potentially expand the known mineral footprint. Alongside exploration, baseline environmental studies are underway, covering surface and groundwater hydrology, fish populations, and flora and fauna surveys. These studies are essential to support the permitting process and ensure compliance with environmental regulations.
Engineering and Community Engagement
Engineering design work is progressing, leveraging recent exceptional metallurgical test results that highlight the project's potential. Felix Gold is also actively engaging with local communities and initiating early-stage discussions with state and federal agencies regarding permitting. This proactive approach aims to smooth the path toward development decisions and eventual production.
Strategic Positioning Amid Market Dynamics
Treasure Creek is notable for its high-grade antimony mineralisation, with Felix Gold having recorded some of the highest-grade intercepts globally. Antimony, a critical mineral used in flame retardants, batteries, and other industrial applications, has seen rising prices and increased strategic importance, particularly in the United States. The project’s brownfield status and proximity to existing infrastructure position it well to capitalize on favorable market conditions and U.S. policy support for domestic critical mineral supply chains.
Looking Ahead
Felix Gold is targeting a development decision that could enable first concentrate production as early as the fourth quarter of 2025, subject to positive feasibility outcomes and permitting. While no new resource or production results are reported yet, the company’s methodical approach to exploration, environmental stewardship, and stakeholder engagement sets a solid foundation for advancing Treasure Creek toward commercialisation.
Bottom Line?
As Felix Gold advances its Alaska project, investors will watch closely for drilling results and permitting progress that could unlock near-term antimony supply.
Questions in the middle?
- Will drilling confirm resource upgrades or expansions at NW Array and Scrafford?
- How will environmental studies impact the permitting timeline and project scope?
- What are the key risks that could delay the targeted Q4 2025 production start?
