Falcon Metals faces delay in accessing Farrelly Deposit

Falcon Metals Limited (ASX:FAL) has announced a potential delay in commencing drilling to test the extent of the high-grade Farrelly Mineral Sands Deposit, initially targeted for Q4 2024. The company has been in communication with several landowners at the Farrelly deposit regarding consent for the upcoming drilling, and despite constructive initial discussions, they have decided against providing consent to access their respective properties at this time.

Executive Commentary on Land Access Update

Falcon will continue to engage in good faith with these landowners to understand and address their concerns with the aim of resolving this matter amicably. Since Falcon listed on the ASX in December 2021, it has undertaken in excess of 120,000 metres of low impact exploration drilling throughout Central Victoria, working in a respectful and responsible manner in all aspects of its activities, including the previous drilling at Farrelly.

Summary of Land Access Update at Farrelly Deposit

Falcon Metals Limited (ASX:FAL) faces a potential delay in accessing the high-grade Farrelly Mineral Sands Deposit due to land access issues. The company is committed to engaging with the landowners in good faith to address their concerns and aims to resolve the matter amicably. Falcon Metals has a track record of responsible exploration activities and will continue its efforts to secure access to the Farrelly deposit for future drilling.