Australia's Falcon Metals gains most in over 13 months on gold find in Victoria

Falcon Metals

03/07/2025 06:08

** Shares of Falcon Metals Ltd FAL.AX rise 22.6% to A$0.19, their highest level since October 4, 2024

** Diversified miner rose as much as 39% to A$0.215, marking its biggest intraday pct gain since May 28, 2024

** Co anticipates presence of high-grade gold in the first-ever drilling test at the Blue Moon target area in Victoria

** Around 1.68 mln shares change hands, over 8x the 30-day avg trading volume of about 209,000

** Shares up 73.9% YTD

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))