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

Reuters
Sep 05, 2024

** Shares of Falcon Metals 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;))

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