Felix Gold Ltd. · ASX:FXG
Felix Gold — Investor Presentation (July 2026)
28 slides from Felix Gold's investor presentation, Jul 20, 2026
Slide 1: Antimony & Gold - Ore to Metal
For personal use only ANTIMONY & GOLD - ORE TO METAL ASX: FXG | July 2026 1
Slide 2: Important Notices
IMPORTANT NOTICES The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restriction
Slide 3: Watch Video
For personal use only WATCH VIDEO
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Permitted & Extracting Antimony extraction underway at Treasure Creek, 1,600 tonnes bulk sample permitted. Producing today. For personal use only Military-Grade Ore Mineralogy Testwork demonstrated 71.9% Sb direct-shipping ore, exceeds the U.S. MIL-A- 22131 defence specificatio
Slide 5: America Can't Make the Antimony Its Military Needs
PROBLEM SOLUTION AMERICA CAN’T MAKE THE For personal use only ANTIMONY ITS MILITARY NEEDS A national-security metal with no The only company to prove military-grade metal substitute and no U.S. supply from U.S. ore, and we’re extracting today via bulk sample approval with full mine operations target
Slide 6: One Ore Body. Downstream Pathway Optionality
ONE ORE BODY. Downstream pathway optionality For personal use only DOWNSTREAM THE ORE SUPPLIER ANTIMONY → U.S. METAL Frontier 100% Owned U.S. subsidiary - will buy ore from FXG - U.S markets & separate funding pathways platform Extraction now via 1,600 tonne permit Strategy: SAME MATERIAL · A GROWIN
Slide 7: Our Pathway
ANTIMONY OUR PATHWAY Permitted extraction is underway. Feasibility, permitting and engineering materially advanced. For personal use only Now Targeting H1 2027 UPSTREAM OPERATION Antimony Extraction Engineering studies Multi-Year Permit Resource & Permit approval Mobilisation finalised Lodged Feasib
Slide 8: Momentum Across the Project
ANTIMONY & GOLD MOMENTUM ACROSS THE PROJECT Drilled, studied, engineered, bulk sample approved and active extraction. Not a plan, a mine site already moving. For personal use only Drilling & Resource Permitting & Team 123 HOLES · ✓ 123-hole program complete, 8,936 m PERMIT ✓ Bulk sample permit appro
Slide 9: Proven Metal
ANTIMONY · REFINERY (FRONTIER) PROVEN METAL Two processing routes validated to metal, a pilot underway, and a U.S. site study delivered. For personal use only Metallurgy Validated Pilot Plant 2 PATHWAYS ✓ 71.9% Sb direct ore — exceeds MIL spec PILOT ✓ ~300–400 kg ore dispatched to Core Technologies
Slide 10: Our Values
OUR VALUES Sustainable resource development is built on transparency, environmental responsibility, and community engagement. For personal use only Community Engagement to Environmental Assessment to Responsible Exploration to Inform Project Scope Inform Project Scope Minimize Impacts Early and on-g
Slide 11: Historic Production, Active Extraction
ANTIMONY HISTORIC PRODUCTION, ACTIVE EXTRACTION A historic antimony district evolving into a long-term source of U.S. supply. For personal use only Historic U.S. supplier Supplied antimony to the U.S., including government programs Permitted & extracting now Bulk-sample permit to 2029; high-grade st
Slide 12: Some of the World's Purest Ore
ANTIMONY SOME OF THE WORLD’S PUREST ORE High-purity ore → Simpler processing → Lower capital + operating cost → Faster permitting For personal use only FELIX GOLD LIMITED (ASX: FXG) 12
Slide 13: Projects
PROJECTS NE Fairbanks Project 159 Auger holes sampled NW Array Peak gold values of NORTH EAST ANTIMONY GOLD GOLD 568 ppb Au (0.57 g/t Au) FAIRBANKS Gold Project 25Mt @ 0.58 g/t Au for 467koz Inferred Mineral Resource Treasure Creek NW Array Grant GOLDEN For personal use only Antimony Gold Mine SUMMI
Slide 14: Antimony – Grade Is King
ANTIMONY ANTIMONY – GRADE IS KING This is a high-grade system. The value is in the grade of what we recover, and it compounds all the way to the smelter. For personal use only A cubic metre goes a long way ~60% Sb x ~5 density = ~3 tonnes of metal per m³ — for each 1 m³ a day nears 1,000 tonnes of m
Slide 15: At-Surface Oxide Gold — One Dig, Two Metals
ANTIMONY AT-SURFACE OXIDE GOLD — ONE DIG, TWO METALS For personal use only Gold System Open Part of a larger gold-in-soil anomaly 3km x 3km, small footprint drilled ~400 × 200 m around the active antimony area Gold in the waste Antimony development is exposing gold-bearing material a second commodit
Slide 16: Frontier Antimony Refinery: Reshoring America's Antimony Processing
For personal use only FRONTIER ANTIMONY REFINERY IS Reshoring America’s Antimony Processing Capability Conceptual Render Only FRONTIER ANTIMONY REFINERY · DELAWARE, USA JULY 2026
Slide 17: Antimony: One of the Most Critical Metals
ANTIMONY For personal use only NIGHT VISION AND INFRARED SYSTEMS FLARES & AIR DEFENCE SYSTEMS One of the most critical metals at the centre of US national security. Defence. Semiconductors. Energy & EV. Industrial. There is no substitute. AMMUNITION & ALLOY HARDENING INFRARED SENSORS & TARGETING FRO
Slide 18: Federal Policy Alignment
FEDERAL POLICY ALIGNMENT Antimony is named in every relevant US critical-minerals authority. For personal use only ONE BIG DPA TITLE III DLA / NDS BEATIFUL BILL EXECUTIVE ORDERS DOE FOA DEFENSE NATIONAL DEFENSE TRADE & TARIFF CRITICAL MINERALS · LOAN PROGRAMS PRODUCTION ACT STOCKPILE AUTHORITY 2025
Slide 19: A New US Ore-to-Metal Supply Chain
→ US REFINERY → US METAL A NEW US ORE-TO-METAL SUPPLY CHAIN For personal use only US ORE Conceptual Render Only Conceptual Render Only Military-grade antimony, Made in USA, from U.S. ore.
Slide 20: America's Central Antimony Processing Hub
AMERICA’S CENTRAL ANTIMONY PROCESSING HUB ANTIMONY MADE IN THE U.S.A U.S. U.S. U.S. AND GLOBAL For personal use only PROCESSING HUB END USERS FEEDSTOCK ALASKA DEFENCE • MIL-GRADE IDAHO SEMI CONDUCTOR MONTANA MONTANA ENERGY • EV • STORAGE ARKANSAS Conceptual Render Only TEXAS / SW USA INDUSTRIAL RECY
Slide 21: Metal Supply Chain Reinvested in Months Not Years
ANTIMONY METAL SUPPLY CHAIN REINVESTED IN MONTHS NOT YEARS H2 2026 H2 2027 → For personal use only FIRST METAL SUPPLY TO U.S. U.S. REFINERY OPERATIONAL Via toll treatment Via U.S. Smelter Ore Supply Secured Smelter design capacity of 5,000 tpa, Active Extraction scalable to 10,000 tpa. ~40% of curre
Slide 22: Exclusive Strategic Ore Supply
EXCLUSIVE STRATEGIC ORE SUPPLY Exclusive long-term ownership to permitted Alaskan antimony ore Ore extraction commenced Military-grade antimony specifications achieved before processing For personal use only 70% Sb head grade from massive stibnite mineralisation Anchor domestic feedstock for Frontie
Slide 23: Advanced U.S. Refining Development
ADVANCED U.S. REFINING DEVELOPMENT Engineering Advanced For personal use only Domestic refinery engineering design targeted for completion in June 2026 Site Selection Final Stage Multiple U.S. locations under evaluation with state-level economic engagement underway Modular Design Scalable modular re
Slide 24: Corporate Structure
CORPORATE STRUCTURE KEY SHAREHOLDERS Shares on Issue 516m MDF Global 11.4% For personal use only Share Price $0.23 Directors & Management 3% Market Cap $119m Franklin Templeton 6.8% Cash (June 2026) $9.6m 1832 Asset Management Options on Issue 33.8m 5.3% Other 73.5% 24
Slide 25: The Team
THE TEAM Built and listed multi-billion-dollar resource businesses before. For personal use only RONNIE ANDY JOSEPH BLAIR JOSEPH DOUGAL DAN BEEVOR BROWNE WEBB WAY WEBB ELDER BREARLEY NON-EXECUTIVE NON-EXECUTIVE EXECUTIVE NON- EXECUTIVE EXECUTIVE CHIEF FINANCIAL VP DEVELOPMENT CHAIRMAN DIRECTOR DIREC
Slide 26: Recent Execution & Upcoming Catalysts
RECENT EXECUTION & UPCOMING CATALYSTS Consistent delivery across corporate, antimony, gold and engagement. Toll metal H2 2026, targeted For personal use only Feasibility & multi-year permit Extraction commenced; mining targeting H1 2027 Appointed CFO and Military-grade direct ore first ore bagged &
Slide 27: Appendix · Disclosures
APPENDIX · DISCLOSURE DISCLOSURES Gold Mineral Resources For personal use only JORC 2012 Inferred gold resources are extracted from ASX announcements including the IPO Prospectus (28 Jan 2022, Grant Mine) and the NW Array maiden resource (20 Jun 2024). The Company confirms it is not aware of new inf
Slide 28: Built for Development
ANTIMONY & GOLD, For personal use only BUILT FOR DEVELOPMENT Real today Formalising District-scale Antimony extraction underway to feed a US Feasibility, permitting and engineering now 831koz gold plus a district-wide gold & downstream platform advancing the development case. antimony growth pipelin