Falcon Metals Limited (ASX:FAL)
Falcon Metals Limited (ASX:FAL) is focused on the exploration and development of gold projects including the Pyramid Hill Project, Viking Project and the Mount Jackson Project (collectively, the Spin-Out Projects).
Falcon Metals was incorporated by Chalice Mining Limited (ASX:CHN) for the sole purpose of demerging Chalice's gold assets.
The Demerger will deliver an exciting, newly incorporated, standalone gold exploration company in Falcon, which will be focussed on the advancement of the Spin-Out Projects. Central to this strategy is the large Pyramid Hill Project, which covers an under-explored area of north central Victoria containing the same gold-prospective geology that is host to numerous significant gold deposits further to the south, including the world class Bendigo goldfield and the Fosterville gold mine.