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Falcon Metals Ltd ( (AU:FAL) ) just unveiled an update.
Falcon Metals has reported a strong December quarter marked by significant high-grade drilling results at its Blue Moon Gold Project in Victoria, where step-out and wedge drilling have intersected multiple zones of high-grade quartz-hosted gold, including visible gold and wide mineralised intervals that highlight the potential for substantial quartz reef systems along strike. Continuous 24/7 diamond drilling is under way at Blue Moon, while regional aircore drilling has commenced at the Pyramid Hill Gold Project and target refinement work has advanced at the Errabiddy Gold Project in Western Australia, positioning Falcon for an active 2026 exploration campaign backed by a solid cash balance of A$22.4 million and controlled operating expenditures.
The most recent analyst rating on (AU:FAL) stock is a Hold with a A$0.76 price target. To see the full list of analyst forecasts on Falcon Metals Ltd stock, see the AU:FAL Stock Forecast page.
More about Falcon Metals Ltd
Falcon Metals Ltd is an Australian gold exploration company listed on the ASX, focused primarily on high-grade gold discoveries in Victoria’s Bendigo Zone through its Blue Moon and Pyramid Hill projects, and on early-stage gold targets at the Errabiddy project in Western Australia. The company is well funded to advance drilling and exploration campaigns across these assets, with a capital structure comprising over 200 million shares on issue and a substantial cash balance to support ongoing programs.
Average Trading Volume: 471,651
Technical Sentiment Signal: Buy
Current Market Cap: A$159.5M
For an in-depth examination of FAL stock, go to TipRanks’ Overview page.