Falcon Metals (ASX: $FAL) Ground EM Survey Results

Falcon Metals Limited (ASX: $FAL) has announced the results of a ground Moving Loop Electromagnetic (MLEM) survey at its 100%-owned Mt Jackson Project in Western Australia. The survey identified multiple conductors considered prospective for nickel-copper sulphide mineralisation, coinciding with nickel, copper, and PGM soil anomalies associated with interpreted ultramafic rocks.

Executive Commentary on Survey Results

The ground Electromagnetic (EM) survey at the Mt Jackson Project has revealed promising conductors for potential nickel-copper sulphide mineralisation. The identified anomalies, particularly in the Southern cluster and Central anomaly areas, present compelling targets for further exploration. The correlation with soil anomalies and historical mineral production in the region enhances the prospectivity of the project. We are planning aircore drilling of the gold targets and the up-dip projection of the shallow high-conductance EM plates in Q4 2024, followed by RC or diamond drilling of the EM plates. These activities are subject to completion of a heritage survey and aim to advance our understanding of the mineral potential at Mt Jackson.

Summary of Ground EM Survey Results and Future Plans

Falcon Metals Limited (ASX: $FAL) has reported the successful identification of multiple conductors with potential for nickel-copper sulphide mineralisation at the Mt Jackson Project. The correlation of these conductors with nickel, copper, and PGM soil anomalies, as well as historical mineral production in the region, underscores the significance of these findings. The company plans to conduct aircore drilling of the gold targets and the up-dip projection of the high-conductance EM plates in Q4 2024, followed by RC or diamond drilling of the EM plates. These initiatives are part of the company's commitment to advancing exploration activities and unlocking the mineral potential of the Mt Jackson Project.