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Falcon Metals Ltd (ASX:FAL)

ALERT: Price-sensitive ASX Announcement for FAL
Current share price for FAL : $0.710 0.31 (77.50%)+
Announcement
Release
3 Aug 2026 9:23AM
Price at Release
$0.400
Full Release
download
Summary
Falcon Metals Ltd has announced the extension of high-grade gold mineralisation at its 100%-owned Blue Moon Gold Project in Victoria, Australia. The mineralised system has been confirmed over more than 850 metres of strike, with significant high-grade intercepts reported from the Jasmine and Lotus Zones. The Jasmine Zone has shown improvements with high-grade gold intercepts indicating strengthening mineralisation to the north. The Lotus Zone has been extended to a 750-metre strike length. Falcon Metals continues its exploration with three diamond rigs operating continuously to further define the scale and continuity of this emerging discovery. The company is well-funded, with $15.4 million in cash to support ongoing exploration efforts.
Key Points
  • Falcon Metals Ltd extends gold mineralisation at Blue Moon Gold Project over 850 metres of strike.
  • High-grade gold intercepts reported from Jasmine and Lotus Zones.
  • Jasmine Zone strengthening to the north with high-grade gold intercepts.
  • Lotus Zone extended to 750 metres of strike.
  • Three diamond rigs operating 24/7 to define discovery scale and continuity.
  • Falcon Metals well-funded with $15.4 million cash as of 30 June 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.