ASX-listed gold explorer Felix Gold (ASX: FXG) has announced a new leader to steer the Company forward, as well as a knowledgeable and successful new Board member.

Joseph Webb has been appointed Executive Director and will provide operational and managerial oversight to shepherd the company through its next phase, following the resignation of Anthony Reilly as Managing Director and CEO last week. 

Felix Gold was incubated by the Mine Discovery Fund (MDF) – a rapidly growing investment vehicle that focuses on the discovery of critical and precious metals.

In his role as Managing Director of MDF, Mr Webb was instrumental in the founding and IPO of Felix Gold. Webb has held the position of CEO of Felix Gold before and was key in establishing its operations in the Fairbanks Gold District in Alaska.

Webb brings with him 20 years of experience, previously holding commercial roles at mining giants Rio Tinto and Mineralogy Pty Ltd.

With experience across multiple commodities, spanning gold, iron-ore, copper and nickel, Webb also has financial and management experience in mergers & acquisitions, capital raising and IPOs, putting him in the best position to lead Felix Gold forward.

Given his background and deeply entrenched knowledge in both mining and Felix Gold, Webb’s Executive Director appointment represents a seamless transition for the company that brings deeper knowledge and oversight of the prospects and potential.

Mark Strizek joins the Board

Mark Strizek has been appointed to the Felix Board as a Non-Executive Director, coming in with more than 27 years of experience in the resource industry.

Strizek brings a more unique and technical skillset as a geologist on various gold, base and technology metal projects over the course of his distinguished career. He recently oversaw Tietto Minerals’ (ASX: TIE) progression from IPO to first gold production at the Abujah Gold Project in Côte d’Ivoire, West Africa.

Mr Strizek has experience in exploration, feasibility, finance and development-ready assets across Australia, West Africa, Asia and Europe, diversifying his value-add to Felix Gold.

With the appointment of both Strizek and Webb, the premium Alaskan gold explorer has covered all bases, from on-the-ground technical skills to board and management experience, to lead the company forward.

Treasure Creek and more

Felix Gold is located in Alaska’s Tintina Gold Belt known for multiple +10Moz gold deposits that are operated by mining giants such as Barrick, Northern Star and Kinross. 

Felix’ flagship Treasure Creek Project ticked all the boxes in terms of prospects, jurisdiction and location. It is adjacent to several multi-million ounce gold deposits indicating rich mineralisation. The Project sits just 20km from Alaska’s second largest city, Fairbanks, a local infrastructure hub, and is only 19 km from the Fort Knox Mine, operated by Kinross, which is running out of feed. 

Since its 2022 IPO, Felix Gold has become the largest minerals claim holder in the Fairbanks Gold Mining District, tested 10+ targets and is now focussed on the Treasure Creek’s NW Array Prospect because of its potential to deliver rapid progression to development. The company recently completed a 45 hole RC drilling campaign which yielded multiple significant findings and indicated extensive zones of gold mineralisation.

Critical Mineral Antimony

On top of gold, Felix identified the critical mineral antimony in multiple Treasure Creek drill holes, with concentrations in excess of the 5% upper laboratory testing limit, which are now being reprocessed at a specialist laboratory. Antimony is critical to US economic and national security being used in all manner of military applications and the electronics industry.

In the past, the US had a thriving antimony market, and Treasure Creek played a vital role by supplying this crucial mineral during World War 2, the Korean War, and the Vietnam War.

However, US antimony production has dwindled to nothing over time, resulting in a worrisome reliance on imports from foreign countries, with China and Russia being the primary producers. The urgent need for supply and processing diversification, repeatedly emphasised, has prompted the US Department of Defence to take drastic measures, including stockpiling the resource and financially supporting the reopening of mines.

While Felix’s primary focus is on defining near-surface gold resources with rapid production potential, they maintain an optimistic outlook regarding the value that their antimony resources can unlock and are eagerly awaiting the assays for samples above 5%.. 

Felix Gold believes they have the team in place to unlock the value of their assets and to propel the company forward in their mission to be the premier gold exploration business in the Tintina Province in Alaska.

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Reach Corporate provides Corporate Advisory Services, including managing investor communications on behalf of Felix Gold Ltd and may receive fees for its services.

Mine Discovery Fund Pty Ltd is a private investment vehicle that has interests in Felix Gold Ltd.