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Published: November 13, 2026 |
Felix Gold is building a fully integrated U.S. ore to U.S. metal supply chain through its dual gold and antimony strategy at the Treasure Creek Project in Alaska’s Fairbanks Mining District, targeting mining operations in June 2027, subject to state approval of its mine permit, and operation of its U.S. antimony refinery in the first half of 2028.
Felix Gold lodged its mine permit application for proposed mining at NW Array with the Alaska Department of Natural Resources (DNR). In Alaska the application is made as a plan of operations. The company already holds the state mining leases: together with a reclamation plan, an approved plan of operations is the state’s principal approval to mine.
“Our plan is to move Treasure Creek toward mining operations targeted to start in June 2027, while continuing to develop our U.S. refinery, which we’re targeting to operate in the first half of 20281. Lodging the mine permit application is an important step after extensive consultation within a state-coordinated process. The drilling results are flowing through and will feed into the resource modelling and technical studies for the mine, which are nearing completion,” said Felix Gold’s Executive Director, Joseph Webb.
“Treasure Creek’s near-term focus is an antimony-led development, but the gold results are building a valuable second part of the story. We’re seeing near-surface oxide gold around the antimony veins, including these results above one gram per tonne within the proposed development area. As we build our understanding of the gold, we’re assessing how that material could be mined alongside the antimony and whether it can add value to the operation,” added Webb.
DNR will review the plan of operations. Other approvals are required before mining can begin, including approval of the reclamation plan and an individual reclamation bond; permits from the Alaska Department of Environmental Conservation for waste, contact water, stormwater and air, where required; temporary water use authorizations from DNR, where needed; and a mining lease from the Fairbanks North Star Borough. The project is not on federal land: no NEPA and no federal environmental impact statement, and permitting stays with the state.
The Treasure Creek Project is located in the Fairbanks Mining District, Alaska, approximately 30km northeast of Fairbanks and 20 minutes from Felix’s operational base. The project hosts the historic Scrafford Mine, Alaska’s second-largest historical antimony producer, with recorded production grades of up to 58 percent Sb, representing a second high-grade antimony system within Felix Gold’s tenure.
The NW Array prospect hosts both high-grade antimony and gold mineralization within the same structural corridor. Gold generally forms a broader mineralization halo within and around antimony-bearing structures, the same geological system delivering value from two commodities. Felix Gold’s systematic exploration has defined multiple mineralized structures within an expanding footprint, with both gold and antimony mineralization reported as open in multiple directions in May 2026.
Felix Gold engages in the exploration of mineral projects in Alaska. It primarily explores for antimony, gold, and precious metal deposits. Felix Gold Limited was incorporated in 2020 and is headquartered in Brisbane, Australia.
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