FXG: Annual Report to shareholders
Original announcement by asx on
- Company
- Felix Gold Limited
- Ticker
- FXG
- Exchange
- ASX
- Region
- Alaska
- Primary commodity
- Antimony
- Secondary commodities
- Gold
- Document categories
- Drill results, Metallurgy, Other, Resource update
- Extracted
- 2026-09-30 00:14:45 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Felix Gold Limited's 2026 Annual Report details strong historical antimony and gold drill results from its Treasure Creek project in Alaska, including bonanza grades. The company also reported promising metallurgical testwork for antimony, achieving high recovery and clean concentrate, and secured a bulk sample permit leading to initial open-cut extraction. Post-period, the company was selected for negotiation of up to US$18 million in DOE funding for an antimony pilot processing facility, advancing its strategy to become a critical minerals producer.
Reasoning: The annual report highlights strong historical exploration results and promising metallurgical testwork for its flagship antimony-gold project, alongside significant progress in permitting and securing potential US government funding for an antimony refinery. However, the drill results are re-releases, and gold resources remain in the inferred category, while antimony lacks a declared resource, tempering the overall positive outlook.
Positive factors
- Strong historical drill grades for both antimony and gold, including bonanza intercepts.
- Positive metallurgical testwork results showing high antimony recovery and clean concentrate.
- Approval of a bulk sample permit and commencement of open-cut extraction at Treasure Creek.
- Significant progress in securing potential US government funding for an antimony refinery.
- Existing JORC Inferred gold resources at NW Array and Grant Mine.
Negative factors
- All reported drill results are historical restatements, reducing their novelty.
- Gold resources are entirely in the Inferred category, indicating lower confidence.
- No antimony mineral resource has been declared for the flagship Treasure Creek project.
- Metallurgical testwork has limitations, including being based on grab samples and bench-scale studies, with unknown deposit-wide variability.
- The antimony refinery project still requires further technical, regulatory, and commercial evaluation, permitting, and financing.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 29
Classification and evidence
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: All reported drill results were first reported in previous ASX announcements, indicating they are historical restatements rather than new assays.
Evidence · text
“These results were first reported in the Company's ASX announcements dated 23 January 2025, 12 February 2025, 15 September 2025, 7 October 2025, 16 October 2025, 30 October 2025, 25 November 2025, 18 December 2025, 29 January 2026, 13 February 2026, 13 March 2026, 2 April 2026 and 22 May 2026”
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: The cut-off grades for both antimony (0.2% Sb) and gold (0.30 g/t Au) intervals are clearly stated.
Evidence · text
“Antimony intervals are composited at a 0.2% Sb cut-off and gold intervals at a 0.30 g/t Au cut-off”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release states that previous announcements, which reported these results, contained Competent Person statements and JORC Table 1 disclosures.
Evidence · text
“each of which contains the Competent Person statements and JORC Table 1 disclosures”
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: Estimated true widths are provided for several antimony drill intercepts, enhancing the understanding of mineralization geometry.
Evidence · text
“est. true width 2.2m”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: For gold intervals, the document explicitly states that true widths are not shown, meaning only downhole lengths are provided.
Evidence · text
“true widths are not shown”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The 50.26% Sb grade from a channel sample is exceptionally high, well above the assumed exceptional threshold for antimony (>=20%).
Evidence · text
“3m @ 50.26% Sb”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The 36.65% Sb grade from a drill intercept is exceptionally high, well above the assumed exceptional threshold for antimony (>=20%).
Evidence · text
“1.63m @ 36.65% Sb”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The 20.42 g/t Au grade from a drill intercept is exceptionally high, well above the open-pit exceptional threshold of 3 g/t Au.
Evidence · text
“4.89m @ 20.42 g/t Au”
Inferred Resourcenegative · Story-specific tag
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: Both the NW Array and Grant Mine gold resources are reported entirely in the Inferred category, which is the lowest confidence level.
Evidence · text
“JORC Inferred Mineral Resource of 25 Mt at 0.58 g/t Au”
All Inferrednegative · Story-specific tag
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The NW Array gold resource is stated as a JORC Inferred Mineral Resource, implying 100% of the resource is in the Inferred category.
Evidence · text
“JORC Inferred Mineral Resource of 25 Mt at 0.58 g/t Au”
All Inferrednegative · Story-specific tag
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Grant Mine gold resource is stated as a JORC Inferred Mineral Resource, implying 100% of the resource is in the Inferred category.
Evidence · text
“JORC Inferred Mineral Resource of 5.8 Mt at 1.95 g/t Au”
No Contained Metalnegative · Story-specific tag
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: The document explicitly states that no Mineral Resources or Ore Reserves have been declared for antimony.
Evidence · text
“No Mineral Resources or Ore Reserves for antimony have been declared”
JORC Compliantpositive · Story-specific tag
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The gold mineral resources at NW Array and Grant Mine are reported in accordance with the JORC Code (2012).
Evidence · text
“JORC Inferred Mineral Resource of 25 Mt at 0.58 g/t Au”
QP/CP Signedpositive · Story-specific tag
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The document states that all technical disclosures are Competent Person reviewed, and previous announcements included Competent Person statements.
Evidence · text
“All technical disclosures are Competent Person reviewed.”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The metallurgical testwork returned 98% antimony extraction, which is an exceptionally high recovery rate.
Evidence · text
“98% antimony extraction through direct alkaline sulphide leach”
Clean Concentratepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Flotation concentrate showed arsenic below 0.1% and lead, copper, and zinc below detection limits, indicating a very clean product.
Evidence · text
“arsenic below 0.1% and lead, copper and zinc below detection limits”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: Metallurgical samples were grab samples from high-grade zones, and deposit-wide variability is unknown, indicating limited domain coverage.
Evidence · text
“The AutoSEM samples were grab samples from zones of high-grade mineralisation and the 370 kilogram sample was selected from a high-grade zone; neither represents average deposit grades, and deposit-wide variability is unknown.”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The alkaline sulphide leach route has been validated at bench scale only, and direct smelting was demonstrated only in batch mode, indicating early-stage testwork.
Evidence · text
“On Treasure Creek material the leach route has been validated at bench scale only”
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: A pilot plant replicating the process flowsheet has converted Treasure Creek ore to cast antimony metal ingots, indicating successful demonstration-scale testwork.
Evidence · text
“a pilot plant replicating the process flowsheet for Frontier's proposed refinery has converted Treasure Creek ore to cast antimony metal ingots”
Permit Approvedpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The bulk sample permit was approved on 23 March 2026, allowing for extraction activities.
Evidence · text
“The bulk sample permit was approved on 23 March 2026”
Operations Commencedpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Open-cut extraction of massive stibnite commenced at the Bundtzen Vein at NW Array on 4 June 2026.
Evidence · text
“on 4 June 2026 announced that open-cut extraction of massive stibnite had commenced at the Bundtzen Vein at NW Array”
Permit Application In Progressneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The Group is preparing a Plan of Operations, which is a higher-tier permit application, indicating ongoing regulatory process.
Evidence · text
“The Group is preparing a Plan of Operations, the permitting tier above the bulk sample permit”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap leach")
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 3 distinct composites were tested
Extracted facts
Stored fact records: 29. Some facts used in scoring do not have a stored record.
Drill Results (22)
25TCRC009Treasure Creek · antimonyGrade: 7.86Grade Unit: %Intercept: 6.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCRC009
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 7.86
- Grade Unit
- %
- Intercept
- 6.1 m
- True Width
- 2.2 m
- From
- 39.62 m
- To
- 45.72 m
- Intercept Depth
- 39.62 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCRC009:39.62-45.72
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 0.2
- Cutoff Unit
- % Sb
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-10-30T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical drill intercept shows a strong antimony grade with true width disclosed, indicating good potential, though its novelty is low as it's a re-release.
Positive factors
- Strong antimony grade (7.86% Sb) for an open-pit target.
- True width disclosed, providing better geological understanding.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- Deposit-wide variability is unknown for metallurgical samples, which may affect overall project economics.
Evidence · text
“6.1m @ 7.86% Sb DH from 39.62m, est. true width 2.2m, hole 25TCRC009”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 2.2
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCRC018Treasure Creek · antimonyGrade: 1.42Grade Unit: %Intercept: 13.72 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCRC018
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 1.42
- Grade Unit
- %
- Intercept
- 13.72 m
- True Width
- 6 m
- From
- 45.72 m
- To
- 59.44 m
- Intercept Depth
- 45.72 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCRC018:45.72-59.44
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 0.2
- Cutoff Unit
- % Sb
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-10-30T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical drill intercept shows a moderate antimony grade over a good width with true width disclosed, indicating potential, though its novelty is low as it's a re-release.
Positive factors
- Moderate antimony grade (1.42% Sb) over a good width for an open-pit target.
- True width disclosed, providing better geological understanding.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- Deposit-wide variability is unknown for metallurgical samples, which may affect overall project economics.
Evidence · text
“13.72m @ 1.42% Sb DH from 45.72m, est. true width 6.0m, hole 25TCRC018”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 6
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCRC028Treasure Creek · antimonyGrade: 2.55Grade Unit: %Intercept: 7.62 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCRC028
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 2.55
- Grade Unit
- %
- Intercept
- 7.62 m
- From
- 15.24 m
- To
- 22.86 m
- Intercept Depth
- 15.24 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCRC028:15.24-22.86
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 0.2
- Cutoff Unit
- % Sb
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-10-30T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical drill intercept shows a moderate antimony grade over a reasonable width, but the lack of true width for the parent interval and its historical nature reduce its novelty and confidence.
Positive factors
- Moderate antimony grade (2.55% Sb) over a reasonable width for an open-pit target.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- True width not stated for the parent interval, potentially overstating thickness.
- Deposit-wide variability is unknown for metallurgical samples, which may affect overall project economics.
Evidence · text
“7.62m @ 2.55% Sb DH from 15.24m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCRC028Treasure Creek · antimonyGrade: 6.19Grade Unit: %Intercept: 3.05 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCRC028
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 6.19
- Grade Unit
- %
- Intercept
- 3.05 m
- True Width
- 2.5 m
- From
- 15.24 m
- To
- 18.29 m
- Intercept Depth
- 15.24 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCRC028:15.24-18.29
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 0.2
- Cutoff Unit
- % Sb
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-10-30T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical sub-interval shows a strong antimony grade with true width disclosed, indicating good potential, though its novelty is low as it's a re-release.
Positive factors
- Strong antimony grade (6.19% Sb) over a good width for an open-pit target.
- True width disclosed for the included interval, providing better geological understanding.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- Deposit-wide variability is unknown for metallurgical samples, which may affect overall project economics.
Evidence · text
“incl. 3.05m @ 6.19% Sb (est. true width 2.5m for the included interval), hole 25TCRC028”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 2.5
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC026Treasure Creek · antimonyGrade: 12.51Grade Unit: %Intercept: 8.67 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC026
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 12.51
- Grade Unit
- %
- Intercept
- 8.67 m
- True Width
- 1.5 m
- From
- 17.08 m
- To
- 25.75 m
- Intercept Depth
- 17.08 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC026:17.08-25.75
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 0.2
- Cutoff Unit
- % Sb
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-03-13T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptional antimony grade with true width disclosed, indicating very strong potential, though its novelty is low as it's a re-release.
Positive factors
- Exceptional antimony grade (12.51% Sb) over a good width for an open-pit target.
- True width disclosed, providing better geological understanding.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- Deposit-wide variability is unknown for metallurgical samples, which may affect overall project economics.
Evidence · text
“8.67m @ 12.51% Sb DH from 17.08m, est. true width 1.5m, hole 25TCDC026”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 1.5
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC026Treasure Creek · antimonyGrade: 12.53Grade Unit: %Intercept: 4.92 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC026
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 12.53
- Grade Unit
- %
- Intercept
- 4.92 m
- True Width
- 1 m
- From
- 4.21 m
- To
- 9.13 m
- Intercept Depth
- 4.21 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC026:4.21-9.13
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 0.2
- Cutoff Unit
- % Sb
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-03-13T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptional antimony grade with true width disclosed, indicating very strong potential, though its novelty is low as it's a re-release.
Positive factors
- Exceptional antimony grade (12.53% Sb) over a good width for an open-pit target.
- True width disclosed, providing better geological understanding.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- Deposit-wide variability is unknown for metallurgical samples, which may affect overall project economics.
Evidence · text
“4.92m @ 12.53% Sb DH from 4.21m, est. true width 1m, hole 25TCDC026”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 1
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC026Treasure Creek · antimonyGrade: 36.65Grade Unit: %Intercept: 1.63 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC026
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 36.65
- Grade Unit
- %
- Intercept
- 1.63 m
- From
- 7.5 m
- To
- 9.13 m
- Intercept Depth
- 4.21 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC026:7.5-9.13
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 0.2
- Cutoff Unit
- % Sb
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-03-13T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical sub-interval shows an exceptional antimony grade, indicating very strong potential, though its novelty is low as it's a re-release.
Positive factors
- Exceptional antimony grade (36.65% Sb) over a good width for an open-pit target.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- Deposit-wide variability is unknown for metallurgical samples, which may affect overall project economics.
Evidence · text
“incl. 1.63m @ 36.65% Sb from 7.5m, hole 25TCDC026”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 8Treasure Creek · antimonyGrade: 50.26Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 50.26
- Grade Unit
- %
- Intercept
- 3 m
Classification
- Sample Type
- channel
QA/QC
- QP Signed
- Yes
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 0.2
- Cutoff Unit
- % Sb
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-02-12T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical surface channel sample shows an exceptional antimony grade, indicating very strong potential, though its novelty is low as it's a re-release and it's a surface sample.
Positive factors
- Exceptional antimony grade (50.26% Sb) from a surface channel sample, indicating high-grade mineralization.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- Surface channel samples may not be representative of bulk mineralization.
- Deposit-wide variability is unknown for metallurgical samples, which may affect overall project economics.
Evidence · text
“3m @ 50.26% Sb”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 9Treasure Creek · goldGrade: 5.29Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Treasure Creek
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 5.29
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Sample Type
- channel
QA/QC
- QP Signed
- Yes
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-02-12T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical surface channel sample shows an exceptional gold grade, indicating very strong potential, though its novelty is low as it's a re-release and it's a surface sample.
Positive factors
- Exceptional gold grade (5.29 g/t Au) from a surface channel sample, indicating high-grade mineralization.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- Surface channel samples may not be representative of bulk mineralization.
Evidence · text
“5.29 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC064Treasure Creek · goldGrade: 2.16Grade Unit: g/tIntercept: 29.26 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC064
- Project
- Treasure Creek
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 2.16
- Grade Unit
- g/t
- Intercept
- 29.26 m
- From
- 13.41 m
- To
- 42.67 m
- Intercept Depth
- 13.41 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC064:13.41-42.67
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-22T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical drill intercept shows a strong gold grade over a significant width, indicating good potential, though its novelty is low as it's a re-release and true width is not provided.
Positive factors
- Strong gold grade (2.16 g/t Au) over a significant width for an open-pit target.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- True width not shown, potentially overstating thickness.
Evidence · text
“29.26m @ 2.16 g/t Au DH from 13.41m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC064Treasure Creek · goldGrade: 2.83Grade Unit: g/tIntercept: 21.03 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC064
- Project
- Treasure Creek
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 2.83
- Grade Unit
- g/t
- Intercept
- 21.03 m
- From
- 13.41 m
- To
- 34.44 m
- Intercept Depth
- 13.41 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC064:13.41-34.44
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-22T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical sub-interval shows a strong gold grade over a significant width, indicating good potential, though its novelty is low as it's a re-release and true width is not provided.
Positive factors
- Strong gold grade (2.83 g/t Au) over a significant width for an open-pit target.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- True width not shown, potentially overstating thickness.
Evidence · text
“incl. 21.03m @ 2.83 g/t Au, hole 25TCDC064”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC026Treasure Creek · goldGrade: 2.02Grade Unit: g/tIntercept: 37.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC026
- Project
- Treasure Creek
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 2.02
- Grade Unit
- g/t
- Intercept
- 37.65 m
- From
- 48.55 m
- To
- 86.2 m
- Intercept Depth
- 48.55 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC026:48.55-86.2
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-02T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical drill intercept shows a strong gold grade over a significant width, indicating good potential, though its novelty is low as it's a re-release and true width is not provided.
Positive factors
- Strong gold grade (2.02 g/t Au) over a significant width for an open-pit target.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- True width not shown, potentially overstating thickness.
Evidence · text
“37.65m @ 2.02 g/t Au DH from 48.55m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC026Treasure Creek · goldGrade: 2.99Grade Unit: g/tIntercept: 9.76 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC026
- Project
- Treasure Creek
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 2.99
- Grade Unit
- g/t
- Intercept
- 9.76 m
- From
- 48.55 m
- To
- 58.31 m
- Intercept Depth
- 48.55 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC026:48.55-58.31
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-02T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical sub-interval shows a strong gold grade over a good width, indicating good potential, though its novelty is low as it's a re-release and true width is not provided.
Positive factors
- Strong gold grade (2.99 g/t Au) over a good width for an open-pit target.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- True width not shown, potentially overstating thickness.
Evidence · text
“incl. 9.76m @ 2.99 g/t Au, hole 25TCDC026”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC023Treasure Creek · goldGrade: 2.45Grade Unit: g/tIntercept: 47.43 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC023
- Project
- Treasure Creek
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 2.45
- Grade Unit
- g/t
- Intercept
- 47.43 m
- From
- 29.35 m
- To
- 76.78 m
- Intercept Depth
- 29.35 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC023:29.35-76.78
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-01-29T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical drill intercept shows a strong gold grade over a very significant width, indicating good potential, though its novelty is low as it's a re-release and true width is not provided.
Positive factors
- Strong gold grade (2.45 g/t Au) over a very significant width for an open-pit target.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- True width not shown, potentially overstating thickness.
Evidence · text
“47.43m @ 2.45 g/t Au DH from 29.35m, hole 25TCDC023”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC007Treasure Creek · goldGrade: 3.9Grade Unit: g/tIntercept: 29.41 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC007
- Project
- Treasure Creek
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 3.9
- Grade Unit
- g/t
- Intercept
- 29.41 m
- From
- 49.25 m
- To
- 78.66 m
- Intercept Depth
- 49.25 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC007:49.25-78.66
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-01-29T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptional gold grade over a significant width, indicating very strong potential, though its novelty is low as it's a re-release and true width is not provided.
Positive factors
- Exceptional gold grade (3.90 g/t Au) over a significant width for an open-pit target.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- True width not shown, potentially overstating thickness.
Evidence · text
“29.41m @ 3.90 g/t Au DH from 49.25m, hole 25TCDC007”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC001Treasure Creek · goldGrade: 7.69Grade Unit: g/tIntercept: 13.75 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC001
- Project
- Treasure Creek
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 7.69
- Grade Unit
- g/t
- Intercept
- 13.75 m
- From
- 3.29 m
- To
- 17.04 m
- Intercept Depth
- 3.29 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC001:3.29-17.04
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-25T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptional gold grade over a good width, indicating very strong potential, though its novelty is low as it's a re-release and true width is not provided.
Positive factors
- Exceptional gold grade (7.69 g/t Au) over a good width for an open-pit target.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- True width not shown, potentially overstating thickness.
Evidence · text
“13.75m @ 7.69 g/t Au DH from 3.29m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25TCDC001Treasure Creek · goldGrade: 20.42Grade Unit: g/tIntercept: 4.89 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25TCDC001
- Project
- Treasure Creek
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Geometry
- Grade
- 20.42
- Grade Unit
- g/t
- Intercept
- 4.89 m
- From
- 3.29 m
- To
- 8.18 m
- Intercept Depth
- 3.29 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25TCDC001:3.29-8.18
- Mining Method
- open_pit
QA/QC
- QP Signed
- Yes
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-25T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical sub-interval shows an exceptional gold grade over a good width, indicating very strong potential, though its novelty is low as it's a re-release and true width is not provided.
Positive factors
- Exceptional gold grade (20.42 g/t Au) over a good width for an open-pit target.
- QA/QC and compositing parameters disclosed, enhancing transparency.
Negative factors
- Result is a historical restatement, reducing novelty.
- True width not shown, potentially overstating thickness.
Evidence · text
“incl. 4.89m @ 20.42 g/t Au, hole 25TCDC001”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 18Treasure CreekNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Treasure Creek
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The approval of the bulk sample permit is a positive step, enabling further evaluation and potential production, with high confidence in the fact.
Positive factors
- Bulk sample permit approved, allowing for significant material extraction.
- Permit valid for an extended period (through December 2029).
Evidence · text
“bulk sample permit was approved on 23 March 2026, authorising extraction of up to 1,600 short tons (approximately 1,450 tonnes) through December 2029”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 19Treasure CreekNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Treasure Creek
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The commencement of open-cut extraction is a highly positive operational milestone, demonstrating tangible progress at the project.
Positive factors
- Commencement of open-cut extraction demonstrates tangible progress towards production.
- Direct extraction of massive stibnite is a positive operational milestone.
Evidence · text
“open-cut extraction of massive stibnite had commenced at the Bundtzen Vein at NW Array”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 20Treasure CreekNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Treasure Creek
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The preparation of a Plan of Operations is a neutral but necessary step towards future mining activities, indicating ongoing regulatory engagement.
Positive factors
- Advancement to a higher permitting tier (Plan of Operations) indicates progress towards full-scale mining.
Negative factors
- Permit is still in progress, with no definitive approval date.
Evidence · text
“preparing a Plan of Operations, the permitting tier above the bulk sample permit”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 21Treasure Creek Antimony Pilot Processing FacilityNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Treasure Creek Antimony Pilot Processing Facility
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The selection for DOE funding negotiation is a highly positive and novel development, providing significant financial backing for the antimony pilot processing facility, despite the remaining negotiation steps.
Positive factors
- Selection for DOE funding negotiation represents significant non-dilutive financial support for the antimony project.
- The substantial amount (up to US$18 million) is highly material for project development.
Negative factors
- Funding is not yet obligated and is subject to negotiation and award agreement, introducing some uncertainty.
Evidence · text
“U.S. Department of Energy (DOE) selected the Group for negotiation of a financial award of up to US$18 million toward the Treasure Creek Antimony Pilot Processing Facility”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 22Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- FXG
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A significant capital raise was successfully completed, providing funding for the company's activities, though it is a past event.
Positive factors
- Successful completion of an A$18 million placement provides significant capital for ongoing operations and development.
Negative factors
- This is a historical event, reducing its novelty for the current report.
Evidence · text
“completed a $18 million placement to institutional, professional and sophisticated investors, resulting in the issuance of 50,000,000 fully paid ordinary shares at an issue price of $0.36 per share for aggregate gross proceeds of $18.0 million”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (2)
inferredNW Array · goldTonnes: 25000000Grade: 0.58Grade Unit: g/tContained Metal: 467000Contained Unit: ozView all detailsHide details
Identity
- Project
- NW Array
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- Alaska
- Ticker
- FXG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:bdb11d03ada6357ed07b
Resource Data
- Category
- inferred
- Tonnes
- 25000000
- Grade
- 0.58
- Grade Unit
- g/t
- Contained Metal
- 467000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-06-17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is an existing JORC Inferred gold resource, providing a baseline for the project, but its inferred status and age limit its current impact and novelty.
Positive factors
- Existing JORC compliant resource provides a baseline for project potential.
- QP/CP signed, indicating professional oversight.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- Estimate is over two years old, raising concerns about data currency.
- No new resource update in this report, reducing novelty.
Evidence · text
“JORC Inferred Mineral Resource of 25 Mt at 0.58 g/t Au for 467,000 ounces of gold (as at 17 June 2024)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.3 years before this release
inferredGrant Mine · goldTonnes: 5800000Grade: 1.95Grade Unit: g/tContained Metal: 364000Contained Unit: ozView all detailsHide details
Identity
- Project
- Grant Mine
- Commodity
- gold
- Region
- usa_ak
- Reported Region
- Alaska
- Ticker
- FXG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:915eb92c84e7214ba74b
Resource Data
- Category
- inferred
- Tonnes
- 5800000
- Grade
- 1.95
- Grade Unit
- g/t
- Contained Metal
- 364000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is an existing JORC Inferred gold resource with a good grade, providing a baseline for the project, but its inferred status and lack of new updates limit its current impact and novelty.
Positive factors
- Existing JORC compliant resource provides a baseline for project potential.
- Good gold grade (1.95 g/t Au) for an inferred resource.
- QP/CP signed, indicating professional oversight.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
- No new resource update in this report, reducing novelty.
Evidence · text
“JORC Inferred Mineral Resource of 5.8 Mt at 1.95 g/t Au for 364,000 ounces of gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Metallurgical Results (5)
Fact 1Treasure Creek · antimonyHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- Alaska
- Ticker
- FXG
Test Work
- Sample
- flotation concentrate from massive stibnite samples
Recovery
- Conc. Grade
- 95
- Conc. Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical metallurgical testwork shows a high-purity antimony concentrate with very low deleterious elements, which is positive, but the use of grab samples from high-grade zones limits the confidence in its representativeness.
Positive factors
- High purity antimony concentrate (95% antimony-bearing minerals).
- Very low levels of deleterious elements (arsenic, lead, copper, zinc below detection limits), indicating a clean concentrate.
Negative factors
- Result is a historical restatement, reducing novelty.
- Samples were grab samples from high-grade zones, not representative of average deposit grades, limiting confidence in deposit-wide applicability.
- Deposit-wide variability is unknown.
Evidence · text
“95% antimony-bearing minerals and 5% gangue, with arsenic below 0.1% and lead, copper and zinc below detection limits”
Fact 2Treasure Creek · antimonyHead Grade: 71.9Head Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- Alaska
- Ticker
- FXG
Test Work
- Sample
- 370 kilograms of hand-sorted massive stibnite from NW Array
Recovery
- Head Grade
- 71.9
- Head Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-03-26T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical head characterization shows a very high antimony grade from selected high-grade material, which is positive, but its representativeness for the entire deposit is limited.
Positive factors
- Very high head grade (71.9% Sb) from hand-sorted material, indicating rich mineralization.
Negative factors
- Result is a historical restatement, reducing novelty.
- Sample was selected from a high-grade zone and is not representative of average deposit grades, limiting confidence in deposit-wide applicability.
- Deposit-wide variability is unknown.
Evidence · text
“Head characterisation of about 370 kilograms of hand-sorted massive stibnite from NW Array returned 71.9% Sb”
leachTreasure Creek · antimonyRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- Alaska
- Ticker
- FXG
Test Work
- Test Type
- leach
- Processing Route
- direct alkaline sulphide leach
- Sample
- grab samples from high-grade zones
Recovery
- Recovery
- 98 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical bench-scale testwork shows exceptional antimony recovery via direct alkaline sulphide leach, which is highly positive for processing, but the limited scale and sample representativeness reduce overall confidence.
Positive factors
- Exceptional antimony recovery (98%) through direct alkaline sulphide leach, indicating high metallurgical efficiency.
- Validation of a viable processing pathway.
Negative factors
- Result is a historical restatement, reducing novelty.
- Testwork was validated at bench scale only, and results may not be replicated at commercial scale.
- Based on grab samples from high-grade zones, limiting confidence in deposit-wide applicability.
- Deposit-wide variability is unknown.
Evidence · text
“98% antimony extraction through direct alkaline sulphide leach”
flotationTreasure Creek · antimonyHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- Alaska
- Ticker
- FXG
Test Work
- Test Type
- flotation
- Processing Route
- single-pass rougher flotation
- Sample
- grab samples from high-grade zones
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 74
- Conc. Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical bench-scale testwork shows a high peak antimony concentrate grade from flotation, which is positive, but the limited scale and sample representativeness reduce overall confidence.
Positive factors
- High peak concentrate grade (74% Sb) from single-pass rougher flotation, exceeding military specification.
- Validation of a viable processing pathway.
Negative factors
- Result is a historical restatement, reducing novelty.
- Testwork was validated at bench scale only, and results may not be replicated at commercial scale.
- Based on grab samples from high-grade zones, limiting confidence in deposit-wide applicability.
- Deposit-wide variability is unknown.
Evidence · text
“74% Sb peak concentrate grade from single-pass rougher flotation”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationTreasure Creek · antimonyRecovery: 83 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Treasure Creek
- Commodity
- antimony
- Region
- usa_ak
- Reported Region
- Alaska
- Ticker
- FXG
Test Work
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- grab samples from high-grade zones
Recovery
- Recovery
- 83 %
- Recovery Basis
- actual_test
- Conc. Grade
- 63.9
- Conc. Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Historical bench-scale testwork shows good antimony recovery from flotation, which is positive, but the limited scale and sample representativeness reduce overall confidence.
Positive factors
- Good antimony recovery (83%) from flotation, indicating a viable processing pathway.
Negative factors
- Result is a historical restatement, reducing novelty.
- Testwork was validated at bench scale only, and results may not be replicated at commercial scale.
- Based on grab samples from high-grade zones, limiting confidence in deposit-wide applicability.
- Deposit-wide variability is unknown.
Evidence · text
“63.9% Sb composite at 83% Sb recovery”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.