BUZZ-Australia's Falcon Metals falls on drilling delay at Victoria project

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** Shares of Falcon Metals FAL.AX fall as much as 35% to A$0.195, their biggest intraday percentage decline ** Stock hits its lowest level since May 28 ** The gold explorer flags delay in recommencing drilling at its Farrelly Mineral Sands Deposit in Victoria, which was previously targeted for Q4 2024 ** Co says several landowners at the deposit have decided against providing consent to access their properties ** About 1.1 mln shares change hands, compared with the 30-day average volume of around 170,000 ** Stock up 44.8% YTD, including session's move (Reporting by Aaditya Govind Rao in Bengaluru) (([email protected];))
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Published Date
5 Sep 2024 at 9:12 AM
Publisher
Refinitiv
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