- A gross income of $250,000 or more per annum in each of the previous two financial years; or
- Net assets of at least $2.5 million; and
- A verified Qualified Accountant’s certificate given no more than two (2) years ago confirming the Sophisticated Investor status. Please refer to the Corporations Act: Specifically Section 708(08) and Section s761G(7)
Mineral Resources
A 364,000 ounce Mineral Resource has been defined at the Grant Gold project. In addition, Felix has established two new gold Exploration Targets
After an extensive due diligence, a maiden Mineral Resource Estimate (JORC, 2012) for the historical Grant Mine was completed in June 2021. A table outlining the Mineral Resource Estimate is contained below.
Further to this, Felix has reported Exploration Targets (JORC, 2012) for the Grant Mine and Liberty Bell gold project.
For the latest information on our Exploration activities, please view our ASX Releases, Corporate Presentations and Projects pages.
Grant Mine – Mineral Resource Estimate
Grant Mine – Exploration Target
An Exploration Target (JORC 2012) of 5.6 Mt to 6.6 Mt at a grade of 1.9 g/t Au to 2.1 g/t Au for 338,000 ounces to 545,000 ounces of gold was independently estimated by CP Mr Ian Taylor of Mining Associates for the Grant Mine based on a proposed exploration program. The Exploration Target is an extrapolation of the Grant Mineral Resource. The target sits outside of the current Mineral Resource reported above and has been extrapolated along the strike extent of known veins to the lease boundary. The Ethel Elms, O’Dea, and Lois veins were extended to a maximum depth of 300 m, 500 m and 50 m below surface respectively. A density of 2.65 t/m3 (same as resource estimation) was used. The Exploration Target was estimated by extending the estimated resource volumes and grade along strike. Grade ranges were determined using alternate estimation techniques during validation of the resource model.
The potential quantity and grade of this Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Liberty Bell – Exploration Target
An Exploration Target (JORC 2012) of 1.2 Mt to 1.83 Mt grading between 2.3 g/t Au and 2.66 g/t Au for 93,500 ounces to 156,700 ounces of gold was independently estimated by CP Mr Ian Taylor of Mining Associates for the Liberty Bell Skarn Deposit based on a proposed exploration program. The exploration target is wholly contained within 150 m of surface and is considered as a potential open pittable material.
The potential quantity and grade of this Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.