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Felix Gold Ltd. ( (AU:FXG) ) has provided an update.
Felix Gold Ltd. announced promising drilling results from its NW Array antimony project, indicating significant continuity and scale, which could support both bulk tonnage and selective mining. The company is poised to become a key player in the U.S. antimony supply chain, especially in light of China’s export ban on antimony, by developing its Alaska project to meet U.S. government requirements and potentially establishing the first fully integrated domestic antimony supply chain.
The most recent analyst rating on (AU:FXG) stock is a Buy with a A$1.20 price target. To see the full list of analyst forecasts on Felix Gold Ltd. stock, see the AU:FXG Stock Forecast page.
More about Felix Gold Ltd.
Felix Gold Ltd. operates in the mining industry, focusing on the exploration and development of antimony projects. The company is working on establishing a non-Chinese source of antimony, a critical mineral, to supply the U.S. market, particularly for military-grade applications.
Average Trading Volume: 2,421,183
Technical Sentiment Signal: Buy
Current Market Cap: A$248.4M
Learn more about FXG stock on TipRanks’ Stock Analysis page.