This morning, Falco Resources (FPC-V) announced a number of important key developments, including:
1) Glencore/Falco Work Plan Update – substantial progress has been made towards completion of the joint geotechnical work program. Two major milestones have already been completed, and additional milestones are expected to be achieved by the end of Q1/21.
2) The entire Work Plan is on track to be completed by June 2021, at which point Falco expects to initiate discussions with Glencore regarding the Principal Operating License and Indemnity Agreement.
3) Feasibility Study Update – Falco is currently preparing an update to the NI 43-101 feasibility study. The updated study is expected to be released in March 2021, and will include the project economic analysis and schedule for the Horne 5 project.
Further details can be found in the press release.
Please do not hesitate to contact me if you would like any additional information.
Jeffrey White
Director, Investor Relations
Falco Resources Ltd.
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