Felix Gold Ltd. · ASX:FXG
Felix Gold — Investor Presentation (October 2026)
23 slides from Felix Gold's investor presentation, Oct 9, 2026
Slide 1: U.S. ore to U.S. metal
ASX: FXG rsonal use only U.S. ore to U.S. metal. Fairbanks Rebuilding America's antimony supply chain from American ore TREASURE CREEK 30 KM INVESTOR PRESENTATION · OCTOBER 2026 ALASKA, USA Treasure Creek, Fairbanks Mining District. The Alaska crew on the bulk-sample pad with hand-sorted, bagged sti
Slide 2: Important notices
IMPORTANT NOTICES Important notices This presentation has been prepared based on information available at the time of its preparation. rsonal use only Forward-looking statements Production, feasibility and metallurgical disclosures References and Competent Person statements Various statements in thi
Slide 3: One ore body. Two metals. One owner, all the way to metal
INVESTMENT HIGHLIGHTS One ore body. Two metals. One owner, all the way to metal rsonal use only 01 02 03 Permitted and extracting Military-grade ore, before Demonstrated to metal Bulk Sample Permit to December 2029, extraction processing Ore to cast antimony metal at pilot scale, through underway, 1
Slide 4: Strategically located: Fairbanks Mining District, Alaska
STEESE HIGHWAY NE Fairbanks gold LOCATION Auger sampling to 568 ppb Au FAIRBANKS MINING DISTRICT, ALASKA Treasure Creek antimony ELLIOTT HIGHWAY Strategically rsonal use only Permitted extraction · 100% Felix Gold NW Array gold located 467 koz Inferred, in Treasure Creek GOLDEN SUMMIT Freegold Ventu
Slide 5: Antimony, the national security metal the United States cannot make
THE PROBLEM Antimony, the national security metal the United States cannot make rsonal use only Removed by policy, not by a price cycle China banned shipments to the United States in December 2024; the prohibition on U.S. military end users remains in force No substitute 91% 85%+ Ammunition primers,
Slide 6: Rebuilding America's antimony supply chain from American ore
THE SOLUTION FELIX GOLD AND FRONTIER Rebuilding America's antimony rsonal use only supply chain from American ore U.S. ore U.S. refinery U.S. metal Mined by Felix Gold at Treasure Creek, Alaska, and To be built by Frontier on U.S. soil, wholly owned Targeting military-grade antimony metal for the so
Slide 7: Secure the ore. Make the metal. Grow the value.
DELIVERING AGAINST OUR STRATEGY OUR STRATEGY Secure the ore. Make the metal. Grow the value. rsonal use only 01 · SECURE THE ORE 02 · MAKE THE METAL 03 · GROW THE VALUE Direct shipping ore at 71.9% Sb, exceeding MIL-A-22131 The flowsheet has run end to end at pilot scale, ore in and Frontier, Felix
Slide 8: The year a proposition became a demonstrated capability
DELIVERING AGAINST OUR STRATEGY FY2026 IN REVIEW The year a proposition became rsonal use only a demonstrated capability NOV 2025 DEC 2025 FEB 2026 MAR 2026 JUN 2026 AUG 2026 AUG 2026 Military-grade A$18.0M placement Delivery team Permitted, 100% Extraction DOE selection Ore to metal concentrate Ins
Slide 9: Some of the purest antimony ore reported anywhere
SECURE THE ORE TREASURE CREEK · THE ORE Some of the purest antimony rsonal use only ore reported anywhere 71.9% Sb 90.8% 250 m+ Direct shipping ore, Bundtzen Antimony-bearing minerals, Main vein zone at surface, Vein, meeting MIL-A-22131 with arsenic, lead and copper open along strike and at before
Slide 10: World's four best antimony intercepts on the S&P database
SECURE THE ORE ANTIMONY INTERCEPTS · S&P GLOBAL DATABASE The world's four best antimony intercepts on the S&P rsonal use only database, and nine of the U.S. top ten, all Treasure Creek World top ten United States top ten All intercepts reported worldwide, three years Nine of ten, and fourteen of the
Slide 11: Ore purity as a commercial and environmental advantage
SECURE THE ORE THE SUSTAINABILITY ADVANTAGE Ore purity as a commercial rsonal use only advantage, and an environmental one The same characteristic that removes technical risk from the flowsheet removes footprint from the ground: ore this pure at surface allows a small-scale, low-impact style of deve
Slide 12: Permitted, 100% owned, and extracting today
SECURE THE ORE PERMITTED AND EXTRACTING Permitted, 100% owned, rsonal use only and extracting today Bulk Sample Permit approved, 23 March 2026 Alaska DNR authorised up to 1,600 tons through December 2029 No federal land in the project footprint No NEPA and no federal Environmental Impact Statement;
Slide 13: The flowsheet, run end to end at pilot scale
MAKE THE METAL PILOT PLANT · 27 AUGUST 2026 "Most critical minerals developers are still trying The flowsheet, run end to prove their process. We have run ours from rock to metal." rsonal use only to end at pilot scale Joseph Webb, Executive Director METALLURGY BEHIND IT 71.9% Sb direct shipping ore
Slide 14: The U.S. platform that turns Treasure Creek ore into U.S. metal
MAKE THE METAL FRONTIER ANTIMONY REFINERY CORP. CONCEPTUAL RENDER ONLY The U.S. platform that turns rsonal use only Treasure Creek ore into U.S. metal Incorporation Delaware, United States. Wholly owned by Felix Gold Limited Purpose U.S. refining, metal production and marketing, buying Treasure Cree
Slide 15: Selected for up to US$18 million in non-dilutive federal funding
MAKE THE METAL U.S. DEPARTMENT OF ENERGY · 19 AUGUST 2026 Selected for up to US$18 million rsonal use only in non-dilutive federal funding US$18M What was selected Treasure Creek Antimony Pilot Processing Facility, under Topic Area 2b: pilot-scale projects advancing to pre-commercial Who receives th
Slide 16: Two feasibility studies, neither a standing start
MAKE THE METAL FRONTIER · ENGINEERING AND SITE Two feasibility studies, rsonal use only neither a standing start The work behind both studies has run all year. The single remaining input on the refinery side is final U.S. site selection. MINE SIDE · TREASURE CREEK REFINERY SIDE · FRONTIER Environmen
Slide 17: Defined work, not open questions
GROW THE VALUE PATHWAY TO SHAREHOLDER VALUE Defined work, not open questions rsonal use only DONE · 2025 DONE · H1 2026 DONE · AUG 2026 NOW NEXT · Q2 2027 NEXT · H1 2028 Metallurgy Permitted and DOE selection Now we execute. Mining Frontier refinery demonstrated extracting and pilot metal operations
Slide 18: Where critical minerals projects fail, and where Felix Gold stands
GROW THE VALUE PROJECT RISK Where critical minerals projects rsonal use only fail, and where Felix Gold stands Development companies fail in five places. Where Felix Gold stands on each. Metallurgy Capital Permitting Product Demand WHERE PROJECTS FAIL WHERE PROJECTS FAIL WHERE PROJECTS FAIL WHERE PR
Slide 19: At-surface oxide gold. One dig, two metals.
GROW THE VALUE GOLD · THE SECOND STREAM At-surface oxide gold. rsonal use only One dig, two metals. Not a by-product: a potential second economic stream from the same ore body, the same excavation and one permitting effort. 831 koz 16 Moz+ ~30 km JORC Inferred gold, NW Array Fairbanks district produ
Slide 20: A board and team that have built and listed resource businesses
BOARD AND MANAGEMENT BOARD AND MANAGEMENT A board and team that have built rsonal use only and listed resource businesses Ronnie Beevor Joseph Webb Andrew Browne Blair Way Dougal Elder Dan Brearley NON-EXECUTIVE CHAIRMAN EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR CHIEF FINANCIA
Slide 21: Capital structure and register
CORPORATE CORPORATE SNAPSHOT Capital structure and register rsonal use only KEY SHAREHOLDERS ASX CODE FXG MDF Global 11.4% SHARES ON ISSUE 516.3M Franklin Templeton 6.2% 1832 Asset Management 4.9% SHARE PRICE A$0.165 SG Hiscock 3.8% Board and management 3.7% MARKET CAPITALISATION A$85M Other 70.0% C
Slide 22: Disclosures and previous announcements
DISCLOSURES APPENDIX Disclosures and previous announcements rsonal use only Gold Mineral Resources PREVIOUS ASX ANNOUNCEMENTS REFERENCED JORC 2012 Inferred gold resources are extracted from ASX announcements including the IPO Prospectus (28 January 2022, 19 Oct 2023 High Grade Antimony Assays up to
Slide 23: One ore body. Two metals. Contact
rsonal use only One ore body. Two metals. One owner, all the way to metal. CONTACT Joseph Webb Executive Director +61 7 3041 1370 ir@felixgold.com.au felixgold.com.au FELIX GOLD LIMITED (ASX: FXG) INVESTOR PRESENTATION · OCTOBER 2026 · 23