Felix Gold Secures Full Ownership of Treasure Creek with Military-Grade Antimony Ore

Felix Gold Consolidates Control Over Treasure Creek

Felix Gold (ASX:FXG) has taken a decisive step in its Alaska operations by exercising its option to acquire full ownership of the Treasure Creek Project’s mining claims. This acquisition includes two upland mining leases and 25 mining claims, cementing Felix Gold’s position as the dominant landholder in the prolific Fairbanks Mining District. The project is notable for hosting an emerging antimony deposit alongside a substantial inferred gold resource of 467,000 ounces.

Ore Quality Meets Military Standards

Crucially, Felix Gold has confirmed that hand-sorted bulk samples from Treasure Creek exceed the stringent U.S. Military Concentrate Specification for direct shipping ore. This rare achievement underscores the high-grade nature of the antimony ore, which is the only proven source of such quality in the United States. The company has also demonstrated viable ore-to-metal processing pathways through multiple independent programs, including direct smelting and hydrometallurgical methods, paving the way for potential near-term production.

Strategic and Financial Implications

The acquisition requires Felix Gold to pay the remaining US$1.4 million of the total US$2.25 million purchase price within 30 days. Additionally, milestone payments are structured around future gold resource developments, with obligations triggered only if an inferred mineral resource of at least one million ounces is reported by October 2031. This arrangement balances upfront capital commitment with performance-based incentives, reducing risk for the company.

Location and Infrastructure Advantages

Treasure Creek’s location on State of Alaska land, free from federal land complexities, simplifies permitting processes compared to many other U.S. critical minerals projects. The project benefits from proximity to year-round paved roads, grid power, and established infrastructure, including Kinross Gold’s Fort Knox mill just 30 kilometres away. These factors collectively enhance the project’s development potential and operational feasibility.

Looking Ahead

Felix Gold’s Executive Director Joseph Webb emphasised the strategic importance of securing outright ownership, highlighting the urgency for a domestic antimony supply chain in the U.S. amid export bans from China. With bulk sample extraction approved and processing site assessments underway, the company is now focused on optimising the route from ore to metal production while advancing its gold exploration programs. This dual-commodity approach leverages shared infrastructure and expertise, positioning Felix Gold to capitalise on both critical minerals and gold markets.