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An update from Felix Gold Ltd. ( (AU:FXG) ) is now available.
Felix Gold Ltd. has announced significant progress at its NW Array prospect, including the exposure of high-grade stibnite veins and new antimony drill intersections. The company is advancing discussions with the U.S. Government for the development of smelting facilities, aiming to fast-track production by late 2025. This development comes amid China’s antimony export ban, highlighting the strategic importance of Felix Gold’s assets. The company is well-positioned to capitalize on the tightening global supply, with pending assays and ongoing government support bolstering its development plans.
More about Felix Gold Ltd.
Felix Gold Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of antimony and gold, with a strategic emphasis on establishing a vertically integrated supply chain for antimony metal production, particularly in response to global supply challenges.
Average Trading Volume: 1,499,691
Technical Sentiment Signal: Buy
Current Market Cap: A$122.9M
See more data about FXG stock on TipRanks’ Stock Analysis page.