Victoria, 100%The Blue Moon Project is on the 100% owned licence EL007839 . Falcon submitted an application for this permit when it came out of moratorium in December 2021. It is the exploration ground that surrounds the Bendigo mining permit (that remains in moratorium) which had historical production of 22 Moz of gold. Blue Moon is located 25km west from the Fosterville Gold Mine with the Swan Zone (2.3 Moz @ 49.6 g/t Au), owned by Agnico Eagle (NYSE: AEM).
The 174km² exploration licence was granted to Falcon for its initial 5-year term in mid-2023 , and Falcon completed an initial program of low-impact aircore drilling on some regional reconnaissance targets in the 2023/2024 drill season.
Location of Blue Moon
Multiple lines of reef extending onto Falcon tenure
Blue Moon is the northerly down-plunge extension of the Garden Gully anticline (~5.2Moz @ 15g/t Au), developed by Falcon as a conceptual target from a 3D reconstruction of the Bendigo workings, historical reports and field mapping.
A significant amount of the mineralised reefs in the historical mines along the northern portion of the Garden Gully anticline came from smaller folds in the eastern limb, as well as associated faults, rather than exclusively from the main fold hinge saddle reef position. A schematic section of the mineralised reefs from the New Moon shaft, located approximately 520m south of Falcon’s EL007839 tenement boundary and one of the most productive reefs in the Garden Gully line, is shown below. This highlights the various types of mineralised reefs that were mined, which include saddle, neck, leg and trough reefs, as well as spur veins associated with faulting. It also shows that narrow-laminated veins can be traced back to more prospective structures, where they intersect faults or folds.
Schematic cross section showing interpreted quartz reef geometries (red) at New Moon shaft (approx. 520m south of Falcon’s Blue Moon tenement boundary) modified from New Moon Company Mine transverse section
Falcon commenced drilling the Blue Moon Gold Project in mid-2025. The very first parent hole drilled intersected high-grade gold (0.3m @ 48.7 g/t Au from 600m) and the first wedge hole intersected 1.2m @ 543 g/t Au from 544.2m. Falcon has continued to intersect high-grade mineralisation and/or visual gold as it continues the northern step 0ut drilling.
The Blue Moon Gold Project has significant upside potential with >5km of strike remaining open along strike, and multiple parallel lines of reef to test.
For the latest information please refer to our Investor Presentation and ASX Announcements.
Visible gold in BMDD001W1 at 544.6m dept
Visible gold in BMDD001W1 from 544.9m depth
Visible gold from BMDD001W6 at 832.7m in NQ core (47.6mm diameter)
BMDD003 showing three occurrences of visible gold in a stylolitic quartz carbonate vein at 607.6m
Falcon continues to engage productively with stakeholders including local residents and community organisations, traditional landowners and local government authorities.
Community Resources