Felix Gold's Announcement of North West Array Bottle Roll Gold Recoveries

Felix Gold Limited (ASX: $FXG) has reported an average gold recovery of 90% from the north west array bottle roll tests. The initial maiden resource for the NW Array Gold Prospect is planned for Q2 2024. The company's focus is on finalizing the maiden resource and advancing the growth of the Grant Mine, a prime brownfields resource expansion opportunity.

Executive Commentary on North West Array Bottle Roll Gold Recoveries

As we celebrate the impressive gold recoveries averaging 90% from our North West Array Bottle Roll tests, our focus sharpens on finalizing the initial Maiden Resource for the NW Array Prospect in Q2 2024 and advancing the growth of our Grant Mine, a prime brownfields resource expansion opportunity. We're laying the groundwork for continuous resource expansion and economic studies in a gold-rich locale, bolstered by existing infrastructure and the proximity of Kinross Gold Corporation's Fort Knox Gold Mine, which actively seeks additional ore supply. We envision the pending maiden resource at NW Array Prospect to set the platform to build towards the profile of Kinross Gold's Gill-Sourdough Mine, which boasted a Ni-43-101 Measured and Indicated Resource of 533Koz @ 0.55 g/t au, that has been a vital ore source for Fort Knox Gold Mine for the past 2 years. This complements our Grant Mine, representing a lucrative brownfields resource expansion opportunity, along with our extensive district-scale land package, all aligned with our sustained objectives of identifying, growing and commercializing economic ore deposits.

Summary of Felix Gold's Announcement

Felix Gold Limited (ASX: $FXG) has achieved an average gold recovery of 90% from the north west array bottle roll tests, indicating promising results for the NW Array Gold Prospect. The company plans to finalize the initial Maiden Resource for the NW Array Prospect in Q2 2024 and advance the growth of the Grant Mine, a prime brownfields resource expansion opportunity. The proximity of Kinross Gold Corporation's Fort Knox Gold Mine provides additional potential for ore supply. The company envisions the pending maiden resource at NW Array Prospect to set the platform for building towards the profile of Kinross Gold's Gill-Sourdough Mine, aligning with their sustained objectives of identifying, growing, and commercializing economic ore deposits.