- 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)
Responsibility
Environmental, Social
and Governance
We incorporate ESG principles into all our actions to successfully navigate and balance the benefits of our projects.
Strong community engagement
Our approach is underpinned by a focus on sustained, open and transparent communication with stakeholders.
Best-in-class regulatory approach
We work closely with industry bodies, regulatory bodies and peers to uphold the highest standards.
Environmental, Social and Governance
We are guided by certain ESG principles as they relate to exploration. The Enduring Value principles (Minerals Council of Australia “Enduring Value Framework”) are based on the International Council on Mining and Metals’ (ICMM) 10 Principles of Sustainable Development. These principles represent the global industry’s commitment to manage social, health, safety, environmental and economic issues to deliver sustainable shareholder value, improve performance and publicly report on the industry’s progress.
Central to Enduring Value is the relationship between the Industry and its many stakeholders – employees, shareholders, communities and governments. The Enduring Value principles recognise that these groups have rights and interests that need to be reflected in the ways that companies carry out their business.
Community engagement
We acknowledge and respect that there are other community and industry stakeholders in areas which we operate. We strive to conduct all exploration activities by meeting and exceeding regulatory requirements and community expectations.
In Alaska, Felix has dedicated Management for stakeholder management, community engagement and government relations. The company is committed to earning the trust of stakeholders.
A Community Engagement Form is provided for stakeholders and members of the local community can contact the company and raise any issues.
Get in touch
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Regulatory approach
Felix is committed to a best-in-class approach to permitting, approvals and operational compliance. Our dedicated team takes ownership of all key regulatory and compliance matters. We seek to proactively engage with federal, state, and local regulators early, and deliver requisite information in a comprehensive and timely basis. Key groups we engage with include:
US Federal Regulation – Bureau of Land Management
Felix holds 1 Federal Mining Claim. Permits to conduct exploration activities are administered through the Alaska BLM office.
State of Alaska Regulation – Alaska Department of Natural Resources
Felix holds Alaskan State Mining Claims (for Exploration) both directly and with other parties. Permits to conduct exploration activities are administered by the Mining Section of the Division of Mining, Land, and Water of the Alaska Department of Natural Resources. This section is the lead regulating agency for minerals exploration on State of Alaska land.
Fairbanks North Star Borough
Felix holds several State of Alaska mining claims that fall under the Fairbanks North Star Borough surface allotments. Felix is licenced for temporary use for surface activity and coordinates with the Boroughs Naturals Resources Department.
For further information about Exploration in Alaska:
- Alaska Mineral Resource Policy Statement
- Constitution of the State of Alaska – Article 08 – Natural Resources
- State of Alaska Mining Laws and Regulations
Permits
Felix holds permits to undertake exploration activities on its claims. These include drilling, geophysics, geochemical surface (rocks and soil) sampling. Additionally, permits to support these programs include temporary water utilization authorizations and fish habitat permits. Felix does not have and has not applied for permits for mining or extraction.
Permits to undertake Exploration work are granted for up to 5 years and can be amended. These permits and amendments are open for public comment through the permitting/regulatory agencies above. Obligations include payment of annual State Mining Rental for claims and annual reporting on labour conducted and reclamation.
Further information on the Alaskan State Permitting process and requirements can be found here on the Division of Mining, Land, and Water Information and Resources Factsheets
Industry Groups
Key industry groups in Alaska for mineral exploration, and resource development include: