Blue Moon Drilling Yields 543g/t Gold Intercept, Falcon Advances WA Project

A New Chapter in Bendigo’s Storied Gold Legacy

Falcon Metals Ltd has delivered a compelling update on its Blue Moon project, confirming that the world-renowned Bendigo Goldfield extends onto its tenements in Victoria. The Bendigo Goldfield, historically one of Australia’s richest gold provinces, boasts over 22 million ounces of high-grade gold, and Falcon’s recent drilling results suggest this legacy is far from exhausted.

Highlighting the potential, Falcon reported spectacular drill intercepts including 1.2 metres grading an extraordinary 543 grams per tonne of gold, alongside other significant hits such as 6.5 metres at 33g/t and 2.75 metres at 41.9g/t. These results not only validate the company’s geological model but also underscore the presence of multiple stacked veins, a hallmark of the Bendigo-style mineralisation.

Scaling Up Exploration with Robust Operational Momentum

With approvals secured for seven new drill pads, Falcon is intensifying its exploration efforts, operating two diamond rigs around the clock and planning to add a third. The company aims to test over two kilometres of strike along the Garden Gully line, a prolific gold-bearing anticline that has historically produced approximately 5.2 million ounces at 15g/t gold.

This aggressive drilling campaign is designed to systematically step out from initial high-grade intercepts, with 200-metre increments planned to delineate the extent of mineralisation. Importantly, all current drilling activities are within Bendigo Regional Park, allowing Falcon to proceed without further approvals, streamlining operations.

Expanding Horizons, Errabiddy Gold Project in Western Australia

Beyond Victoria, Falcon is advancing its Errabiddy Gold Project in Western Australia, situated within the highly prospective Errabiddy shear zone. The project area, located 220 kilometres northwest of Meekatharra, features a 5.8-kilometre-long soil anomaly with gold values peaking at 1.1g/t, signalling a promising target for maiden drilling.

Falcon is earning up to 70% of this Craton Margin Gold Project through a joint venture with West Coast Silver, with initial drilling contingent on heritage surveys. This strategic move diversifies Falcon’s portfolio and taps into a structurally analogous setting to the nearby Tropicana Gold Mine, which has produced over 5 million ounces.

Strong Financials and Experienced Leadership

Supporting these ambitious exploration programs is Falcon’s solid financial footing, with A$22.4 million in cash and zero debt as of the end of 2025. The company’s leadership team brings decades of experience in gold and base metal exploration, with a track record of significant discoveries and successful project development, bolstering investor confidence in Falcon’s growth trajectory.

As Falcon Metals continues to unlock the northern extension of the Bendigo Goldfield and prepares to drill in Western Australia, the company is positioning itself as a notable player in Australia’s gold exploration landscape.