Overview
The Pyramid Hill gold project lies about 80 km north of Bendigo, in the Bendigo Zone of central Victoria, the same geological zone as the Bendigo and Fosterville goldfields.
Morgan was part of the Chalice team behind the acquisition of the project. In December 2021 Chalice demerged Pyramid Hill, together with its Viking and Mt Jackson projects in Western Australia, into a new company, Falcon Metals. Falcon listed on the ASX after an oversubscribed A$30 million IPO at A$0.50 per share, and Chalice shareholders received about 117 million Falcon shares in specie, worth about A$58.5 million at the IPO price.
Highlights
- Part of the Chalice team behind the acquisition of the Pyramid Hill gold project.
- In December 2021 Chalice demerged Pyramid Hill, with its Viking and Mt Jackson projects, into Falcon Metals (ASX FAL).
- Falcon listed after an oversubscribed A$30m IPO at A$0.50 per share, and about 117 million Falcon shares were distributed in specie to Chalice shareholders.
This project is owned and reported by the company named. It is shown to describe the experience of Peron Discoveries' Principal Geologist and does not imply any ownership by, or current involvement of, Peron Discoveries. Resource figures are as stated by the operator at the time.
