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2026-11-06
◂ Monitor FXG ASX

Felix Gold Limited

Resource Stage · Gold · Others · United States Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.1
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$51.6M
EV
A$42M
Cash
A$9.6M
Debt
A$0
5 newer ASX announcements not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash A$9.6M Finite
Debt A$0 Net cash A$9.6M
Basic shares 516.3M 2026-07-03
Runway 2.24 quarters Issuer Appendix 5B: A$9.641m available funding divided by A$4.304m relevant quarterly outgoings.

Liquidity

Financial position

Cash covers about 2.24 quarters at the June-quarter spend rate; development, permitting, drilling and any refinery build therefore expose shareholders to further funding and dilution risk. The 30 June balance is the last filed cash point available by 26 September; no DOE money is booked and September-quarter spend is unknown.

Inventory composition1

The issuer reports hand-sorted, bagged direct-shipping antimony ore transported to Seattle, but does not disclose the stockpile quantity, carrying value or realizable value.

Bagged direct-shipping antimony ore stockpiled in Seattle for potential toll treatment
— carrying

Capital structure

Ownership and dilution

Ordinary shares
516.3M
Fully diluted
550.2M

The 6 July Appendix 2A reports 516,347,203 quoted ordinary shares after 6,455,870 option exercises and lists 33,833,064 remaining unquoted options; adding those options gives the fully diluted count. The 20 July presentation independently rounds these figures to 516m shares and 33.8m options. The proposed 6.0m executive options noted in the July quarterly were subject to shareholder approval and are not added to the disclosed outstanding option count.

Security classes14
ClassTypeQuantityStrikeExpiry
ASX-quoted ordinary fully paid sharesOrdinary Share516.3M——
Options expiring 6 January 2028 at A$0.15Option1.4MA$0.152028-01-06
Options expiring 31 December 2028 at A$0.55Option875KA$0.552028-12-31
Options expiring 31 December 2028 at A$0.65Option875KA$0.652028-12-31
Options expiring 31 December 2028 at A$0.75Option875KA$0.752028-12-31
Options expiring 31 December 2028 at A$0.48Option500KA$0.482028-12-31
Options expiring 31 December 2028 at A$0.58Option500KA$0.582028-12-31
Options expiring 31 December 2028 at A$0.68Option500KA$0.682028-12-31
Options expiring 18 December 2028 at A$0.54Option2.5MA$0.542028-12-18
Options expiring 13 April 2029 at A$0.20Option2.2MA$0.22029-04-13
Options expiring 31 December 2028 at A$0.20Option3.1MA$0.22028-12-31
Options expiring 31 December 2028 at A$0.25Option3.1MA$0.252028-12-31
Options expiring 31 December 2028 at A$0.30Option3.1MA$0.32028-12-31
Options expiring 18 August 2028 at A$0.2325Option14.3MA$0.2322028-08-18

KPI history

Operating metrics

1 periods
Operating metric source table1
MetricProjectPeriodPeriod typeValueStatus
OtherTreasure CreekPermit valid through December 2029Point In Time1,450 tonnes authorisedReported

Capital history

Capital events

2 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-07-03Ann. 2026-07-06RaisingA$835.8K6.5M—Completed—
2026-03-30LeaseUS$1.4M——Completed—

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Complete As Disclosed · as of 2026-09-26

Annual report and subsequent transaction, quarterly and issuer disclosures reviewed. No commodity or FX hedges disclosed; proposed external tolling and government offtake remain discussions without contract terms.

Acquired claims carry contingent gold-ounce consideration; remaining US$1.4m fixed purchase price was reported payable within 30 days of March 2026 acquisition and is not counted again as a future obligation after June cash reporting.

Other · Conditional
Counterparties
Goldstone Resources and other Treasure Creek claim vendors
Applies to
Treasure Creek (NW Array gold and antimony) · Gold
Economic direction
Burden
Period
2026-03-30 to 2031-10-01
Key terms
First milestone: 2 USD/oz
Top-up: 2 USD/oz
How it affects our valuation

No valuation treatment is available for this arrangement.

Intra-group exclusive feed agreement gives Frontier ore access. The transfer is eliminated on consolidation; commercial pricing and outside-capital dilution are undisclosed.

Offtake · Active
Counterparties
Frontier Antimony Refinery Corp. (wholly owned subsidiary)
Applies to
Treasure Creek (NW Array gold and antimony) · Others
Economic direction
Mixed
Period
Dates not stated
Key terms
Exclusivity: —
Parent ownership: 100 percent
How it affects our valuation

No valuation treatment is available for this arrangement.

Selection for negotiation is not cash or a binding grant. Potential refinery capex support is scenario optionality; terms and routing to Frontier require approval.

Strategic Partnership · Conditional
Counterparties
United States Department of Energy
Applies to
Treasure Creek (NW Array gold and antimony) · Others
Economic direction
Benefit
Period
Dates not stated
Key terms
Potential award ceiling: 18,000,000 USD
Proposed recipient: Felix Gold Alaska Treasure Creek Inc.
Proposed cost share: 26.8 percent
How it affects our valuation

No valuation treatment is available for this arrangement.