Falcon Metals confirms exceptional high-grade gold intercepts at its Blue Moon project, extending the renowned Bendigo Goldfield. The company accelerates exploration with new drill pads and a second rig, backed by a strong cash position.
- High-grade gold intercepts up to 543 g/t at Blue Moon
- Visible gold confirms continuation of Bendigo Goldfield mineralisation
- Seven new drill pads approved, second drill rig mobilising
- Strong cash balance of A$24.6 million as of September 2025
- Experienced management team with proven discovery track record
A New Chapter in Bendigo's Gold Story
Falcon Metals Ltd has delivered a compelling update on its Blue Moon gold project, situated on the northern extension of Victoria's legendary Bendigo Goldfield. Known for its world-class high-grade gold deposits, the Bendigo Goldfield has produced over 22 million ounces of gold historically, with grades averaging around 15 grams per tonne. Falcon’s recent drilling results have confirmed the presence of high-grade, Bendigo-style mineralisation continuing onto its tenure, a significant milestone for the company and the region.
Among the standout results are drill intercepts featuring visible gold, including an extraordinary 1.2 metres at 543 grams per tonne, 6.5 metres at 33 grams per tonne, and 0.3 metres at 185 grams per tonne. These findings underscore the potential for a substantial gold resource and highlight the untapped nature of the northern extension of the goldfield, which has seen little modern exploration until now.
Scaling Up Exploration Efforts
In response to these promising results, Falcon has secured approvals for seven new drill pads and is mobilising a second drill rig to accelerate its exploration program. The company plans to test over 2 kilometres of strike along the Garden Gully line, a historically productive reef system, with systematic step-out drilling designed to delineate the extent and continuity of the mineralised zones.
This aggressive drilling campaign is supported by a robust financial position, with Falcon holding A$24.6 million in cash as of the end of September 2025. The company’s capital structure remains solid, with no debt reported, providing flexibility to pursue its exploration objectives without immediate funding concerns.
Experienced Leadership Driving Growth
Falcon’s management team brings deep expertise and a track record of significant discoveries in the mining sector. Executive Chairman Mark Bennett, Managing Director Tim Markwell, and Exploration Manager Doug Winzar collectively offer decades of experience in gold and base metal exploration, including leadership roles in companies responsible for major finds such as Nova-Bollinger and the Gonneville discovery.
Their stewardship is critical as Falcon navigates the complexities of exploring a world-class gold province, balancing technical challenges with regulatory and land access considerations, particularly given the project’s location on Dja Dja Wurrung land, to which Falcon has acknowledged ongoing connection and respect.
Broader Portfolio Progress
Beyond Blue Moon, Falcon continues to advance its other projects, including the Farrelly mineral sands deposit in Victoria and the Errabiddy gold project in Western Australia. The Farrelly project has yielded encouraging high-grade mineral sands intersections, while the Errabiddy JV with West Coast Silver targets gold and base metals in a structurally analogous setting to the Tropicana Gold Mine.
These diversified assets position Falcon as a multi-commodity explorer with exposure to both gold and critical minerals, enhancing its growth prospects amid evolving market dynamics.
Bottom Line?
Falcon Metals’ high-grade Blue Moon results and expanded drilling program signal a promising next phase in unlocking Bendigo’s northern gold potential.
Questions in the middle?
- How will upcoming drilling results refine the scale and grade of the Blue Moon resource?
- What are the timelines and challenges for converting exploration success into a JORC-compliant resource?
- How might Falcon’s strong cash position influence potential acquisitions or partnerships?