Australia's Falcon Metals falls on drilling delay at Victoria project

Falcon Metals

05/09/2024 02:12

** Shares of Falcon Metals  FAL.AX  fall as much as 35% to
A$0.195, their biggest intraday percentage decline
    ** Stock hits its lowest level since May 28
    ** The gold explorer flags delay in recommencing drilling at
its Farrelly Mineral Sands Deposit in Victoria, which was
previously targeted for Q4 2024 
    ** Co says several landowners at the deposit have decided
against providing consent to access their properties
    ** About 1.1 mln shares change hands, compared with the
30-day average volume of around 170,000
    ** Stock up 44.8% YTD, including session's move



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))