Falcon Metals
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Falcon Metals (FAL) investor relations material

Falcon Metals Q2 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 TU earnings summary22 Jan, 2026

Executive summary

  • Advanced step-out drilling at Blue Moon Gold Project revealed high-grade gold intercepts, extending mineralisation 200m along strike with visible gold in multiple holes.

  • Regional aircore drilling commenced at Pyramid Hill Gold Project, targeting priority areas for infill and reconnaissance.

  • Surface sampling at Errabiddy Gold Project refined targets for an upcoming RC drilling program, pending heritage survey completion.

Financial highlights

  • Cash balance at quarter end was A$22.4 million.

  • Net cash outflow from operating activities was A$2.1 million for the quarter, mainly due to A$2.0 million spent on exploration and evaluation.

  • Interest income on cash deposits totaled A$0.2 million.

Outlook and guidance

  • Ongoing 24/7 drilling at Blue Moon with two diamond rigs, with further step-out holes planned to test up to one kilometre of strike.

  • First ever RC drilling at Errabiddy’s Olsen Well target is planned for the first half of 2026, subject to heritage survey.

  • Aircore drilling at Pyramid Hill expected to take approximately three months to complete.

Blue Moon: What's the plan for resource definition?
How will Blue Moon's expanded drilling impact cash?
Pyramid Hill & Errabiddy: What's their strategic role?
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Frequently asked questions

Falcon Metals Limited is a mineral exploration company focused on the discovery and development of gold deposits in Australia. The company operates exploration projects across highly prospective regions, utilizing advanced geological techniques such as geophysical surveys and drilling programs to assess resource potential. Falcon Metals aims to identify and develop economically viable mineral deposits to support the mining sector. The company is headquartered in Melbourne, Australia, and its shares are listed on the ASX.

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