Australia's Falcon gains most in 5 months on mineral sands find at Pyramid Hill project

Falcon Metals

04/03/2024 01:01

** Shares of Australia's Falcon Metals  FAL.AX  rise as much
as 16.7% to A$0.14, their biggest intraday pct gain since Oct
10, 2023
    ** Stock at its highest level since Jan 2
    ** The gold explorer says results received for
reconnaissance drilling programme for mineral sands at Pyramid
Hill Project in Victoria, Southeast Australia
    ** Adds visual mineralogical assessment identified valuable
heavy minerals including zircon, rutile and ilmenite
    ** About 425,682 shares change hands, vs 30-day average
volume of 135,692 shares   
    ** Stock down 17.2% YTD, as of last close
    

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))