Ankündigung • Jul 07
First Class Metals Reports Final Drill Assay Results From The Roy Prospect Sunbeam First Class Metals PLC reported the final, cumulative drill results for the Roy drilling programme on the Sunbeam Property. Bonanza-grade gold confirmed in diamond drill hole (DDH) SUN26-05 by double Fire Assays (FA), validating the previously reported Photon Assay (PA) results. Gold mineralisation confirmed over approximately 300m of strike, with anomalous to potentially ore-grade gold values, remaining open along strike and at depth. Recent structural interpretation indicates the Roy Prospect forms part of the district-scale Nahanni Shear Zone (NSZ), considered comparable in geological setting to the Marmion Shear Zone (MSZ), host to the 3.3Moz Hammond Reef gold deposit. Drilling has tested approximately 300m of strike, representing around 1% of the interpreted Nahanni Shear Zone, leaving the vast majority of the prospective structural corridor untested. The Very Low Frequency (VLF) geophysical and soil survey grid from 2025 has now been extended by approximately 1.5km to the northeast along strike. Exploration work continues at the parallel Pettigrew trend, applying the structural model developed at Roy to generate drill targets. An Exploration Permit application has been submitted for winter drilling on the frozen lake adjacent to Roy. Quote has been sought for detailed airborne geophysics over the core area of the property. The results are now available for the ~1,000m drill programme at Roy on the Sunbeam property. 11 of the 12 holes intersected the targeted 'structure'. The other hole was designed as a scissor to confirm the dip of the target zone and by so doing support the drill hole orientation - the azimuth, being used. The potentially mineralised package occupying the structure extends for a strike length of 300m and remains open along strike to the northeast and southwest, as well as at depth. The Fire Assay for all the drill holes have been received, including the visible (VG) samples. Initially the three samples which were identified as containing VG were submitted for photon assay, as this method analyses the whole sample and is therefore more representative as well as being non-destructive. Subsequently the same samples along with the rest of the sampled core from holes SUN26 05 - 26 12 were analysed by fire assay, which uses only about 50g of the total sample. A second 'check' FA was also performed on each of the three VG samples, including the sample which returned the previously reported assay of 45 g/t Au by PA from hole SUN26 05. The FA results supported the PA results, in so much in hole SUN26 05 the average of all three assays (PA+FA+FA) was 40.2g/t Au. The results from hole SUN26-06 were similarly supported. The assays have confirmed several important aspects of the Roy mineralisation. The potential for high-grade intersections in the Roy structure /package, with SUN26-05 reporting 5.1m @ 4.14g/t Au from 13.9m depth, containing the VG sample with 45g/t Au. Potential for broad low-grade zones (bulk tonnage) with SUN26-05 reporting 16.95m @ 0.45g/t Au from 5m (note this is oblique to the mineralisation) and in hole SUN26-06 3m @ 0.27g/t Au from 53.3m, and in hole SUN26-01A 8.5m @ 0.45g/t Au from 43.5m and in hole SUN26-02 9.5m @ 0.49g/t Au from 16.67m and in hole SUN26-11 5.1m @ 0.67g/t Au from 8.9m; in hole SUN26-12, 5.4m @ 0.227g/t Au from 13.6m as well as 4.6m @ 0.54g/t Au from 20.6m. Hole SUN26-09, the most northerly hole also contained anomalous gold, indicating the potentially gold bearing 'package' has an open in all directions strike of >300m. Central core area of about 100m extent, containing the higher gold values identified to date, which represents a priority target for follow up drilling. Further study of the core is planned as there is additional potential for VG in the half core that was not sampled. There are 'outlier' values, for example: @32.0m in hole SUN26-06: 1.2g/t over 1.0m; @50.6m in hole SUN26-08: 1.04g/t Au over 0.7m; @57.6m in hole SUN26-10: 1.18g/t Au over 0.5m. These anomalous 'sample points' require further investigation during an overall review of the drill core and to further augment the structural controls on the mineralisation. The Roy trend has now been confirmed, through historic work and prospecting /soil sampling by EGS, over 3km of strike towards the 111ppb lake sediment sample. The recently completed, combined soil and VLF survey grid extends almost 5km from the Roy mine shaft area, to the northeast. The gold is seen in association with galena, potentially an important pathfinder. When the lead (Pb) and gold are plotted on the soil grid anomalous values indicate several 'bullseyes' along strike. The current work in the northeast is designed to prove further continuity of this model. First Class Metals PLC has approached a renowned Toronto based, international geophysics company for a quote for a detailed geophysics survey over the central area of the Sunbeam property. It is intended if accepted and executed that the interpretation will include the ground-based VLF as well as the soil data from both Roy and Pettigrew. Work on the parallel lineament that hosts the Pettigrew development continues with a combined VLF and soil survey as well as intense structural mapping of the stripped areas. The growing understanding of the structural controls to the mineralisation gleaned from the geological investigations at Roy and ongoing work around the Pettigrew shafts and pits will be collated to form the basis of a drill proposal at Pettigrew as well as recommendations for follow up drilling at Roy. An Exploration Permit has been lodged with the Ministry requesting drill holes 'on the ice' to allow step back - deeper drilling at Roy. Ankündigung • Jun 09
First Class Metals PLC has filed a Follow-on Equity Offering in the amount of £1 million. First Class Metals PLC has filed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,315,790
Price\Range: £0.038
Transaction Features: Subsequent Direct Listing Ankündigung • May 08
First Class Metals PLC, Annual General Meeting, Jun 03, 2026 First Class Metals PLC, Annual General Meeting, Jun 03, 2026. Location: manor court offices, manor court, salesbury hall road, ribchester, preston, pr3 3xr, United Kingdom Ankündigung • Apr 25
First Class Metals plc Reports Initial Drill Results for Holes 1-4 and Provisionals for Holes 5 and 6 from the Drilling At the Roy Prospect on the Sunbeam Property First Class Metals PLC reported initial drill results for holes 1-4 and provisionals for holes 5 and 6 from the drilling at the Roy prospect on the Sunbeam Property, highlighting the presence of a high-grade mineralising system. Provisional Fires Assay (FA) results have been received for holes SUN-26-01 to 04, while provisional Photon assay results confirm high-grade gold in holes SUN-26-05 and 06, including the standout bonanza intercept. These results demonstrate that the Roy lineament is a gold-bearing structure, validating the Company’s geological model, with drilling confirming geological continuity over more than 250m of strike, supporting strong potential for scale along the structure. Logging has been completed and drill hole interpretation has commenced. A Very Low Frequency (VLF) survey has identified multiple additional conductive targets along strike at Roy, with plans to extend the VLF survey to the northeast to test further strike extensions and unlock additional potential. A VLF survey is also scheduled to commence at Pettigrew in early May, targeting a parallel mineralised structure, while additional assay results are pending and will be reported as they are received. The lineament that the Roy occurrence /development is located on is a district scale structure. It has now been traced through historic work and prospecting by Emerald Geological Services ("EGS") towards the 111ppb lake sediment sample, some 5km northeast along strike of the Roy mine shaft. The structure also hosts historic shafts B43 and B45. The recent VLF interpretation shows multiple conductors sub parallel to the Roy trend, which further enhances the potential. The Fire Assay for the first four drill holes have been received. The initial hole which attempted to twin the historic drill hole (SP-11-12 4g/t Au over 1.85m) contained ~2m @1.3g/t Au; the second hole contained 1.1m @ 2.3g/t. Holes three and four both contained a metre at roughly 0.5g/t Au. The photon assay results have also been received for the three sections of core with reported VG. Hole 06 (second reported dual occurrence of VG) contained two consecutive samples giving 0.6m @ 2.2g/t Au. Significantly hole 05 which contained the initial report of VG, returned 0.3m @ 45g/t gold which would equate to almost 5 ounces of gold over one metre, 150g/m (gram metres). The fire assays for holes 05 and 06 are still to be received, given the coarse nature of the gold and the different quite distinctive assay methods some discrepancy with the photon assays are expected. Initial plots of the anomalous gold assay result confirm the continuity of the mineralised package over >150m. All 12 holes intersected the targeted 'structure' or the potentially mineralised package which is now confirmed over a strike length exceeding 300m, and remains open along strike to the northeast and southwest. The initial 4 drill hole results, all contain anomalous to +2g/t Au and are considered encouraging. Even more so give the bonanza value in the photon assay of almost one and a half ounces in hole 05. The strike extent of the drilling covers ~300m but the soil sampling (and in part VLF) grid extends over 1,500m to the northwest. A highly anomalous lake sediment sample collect in 2023 containing 111ppb Au is a further 1,500m along strike from the end of the soil grid. There is also a string of grab samples along strike to the southwest with a +1ppm samples 5 km along strike. All these factors continue to build up the expectation of a +10km mineralised structure. The Roy lineament is one of three structures on the Sunbeam property with proven gold occurrences. The initial results from the LiDAR study have shown the Roy lineament is a very robust structure. It is intended to extend the VLF grid to cover the northern soil survey area and potentially. Provisionally both could be extended further to the northeast. The visible gold is seen in association with galena, potentially an important pathfinder. The lead (Pb) and gold when plotted on the soil grid indicate several 'bullseyes' along strike where highly anomalous Au and Pb assay results are recorded. Work is ongoing integrating the VLF, LiDAR and geochemistry with the local geology and structure. As the weather is steadily improving in northwest Ontario, the 'thaw' heralds the start of the field season. Work will continue at Roy as described above and it is intended to undertake work on the parallel lineament that hosts the Pettigrew development. Historic drilling by TerraX produced 19.4 g/t Au over 0.63m and 15.17 g/t over 1.37m in two zones separated by 15m in hole 57751. Channel and grab samples from FCM exploration have returned significant gold grades, including:13.0 g/t Au grab sample from quartz rubble dug up beside the stripped outcrop. 3.5 g/t Au in a channel over 0.2m in a quartz vein (with galena and chalcopyrite); 1.82 g/t Au in a channel over 0.75m in sheared porphyry. The growing understanding of the structural controls to the mineralisation gleamed from the ongoing work at Roy will be used to explore the area immediately around the Pettigrew shafts and pits as this zone is all-weather accessible. Ankündigung • Mar 26
First Class Metals PLC has completed a Follow-on Equity Offering in the amount of £0.4 million. First Class Metals PLC has completed a Follow-on Equity Offering in the amount of £0.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,315,789
Price\Range: £0.0152 Ankündigung • Mar 23
First Class Metals PLC has filed a Follow-on Equity Offering in the amount of £0.25 million. First Class Metals PLC has filed a Follow-on Equity Offering in the amount of £0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,447,368
Price\Range: £0.0152 Ankündigung • Mar 21
First Class Metals PLC Announces Ontario Junior Exploration Programme-Grant Approval First Class Metals PLC announced that it has been approved to participate in the Ontario Junior Exploration Program ("OJEP") for work to be completed on the Sunbeam Property. OJEP is supporting junior mining companies by providing grants aggregating to CAD 10 million in 2025-2026. The award of OJEP funding provides further validation of the technical merit and exploration potential of the Sunbeam Property, while materially enhancing the Company's ability to advance the project in a capital-efficient manner. This support comes at a time when recent drilling at the Roy prospect has delivered highly encouraging visual results, including multiple occurrences of visible gold within core, reinforcing confidence in the developing gold system. Ankündigung • Mar 03
First Class Metals plc Provides Drilling Update for Drilling At the Roy Prospect on the Sunbeam Property First Class Metals PLC provided a drilling update for drilling at the Roy prospect on the Sunbeam Property ("Roy"). To date, 5 holes have been completed for approximately 490m; A minimum of 1,000m is anticipated to be drilled on the Sunbeam property; The drill programme currently consists of 11 holes; LiDAR (Light Detecting and Ranging) interrogation ongoing with initial feedback most encouraging; The results from the Very Low Frequency ("VLF") magnetic survey are still being reprocessed; Prime strategic location between Agnico Eagle's Hammond Reef and regional holdings; Sunbeam lies directly between, and is contiguous with, two Agnico Eagle properties and just ~15km from the Hammond Reef gold deposit, with open pit probable mineral reserves estimated to be 3.3 million oz. of gold (123.5 million tonnes grading 0.84 g/t gold (Au), underscoring its exceptional position within a highly endowed, infrastructure-accessible gold district. The planned 1,000m programme has paused for the Prospectors and Developers Association of Canada ("PDAC") convention and will recommence on or about the 7th March. Drilling has commenced with hole SUN-26-01 which is a twin of historic hole SP-11-12, on an azimuth of 150 o as per historical drilling. Importantly, the majority of the holes drill will adopt a new azimuth at variance to the historical one of 150 o, this company believe is a far better azimuth /angle to intersect the mineralisation based on the structural understanding FCM has developed through ground observations and thorough review of the historical geological and drill data. A further hole to test geology, mineralisation and structure has been trialled. In early March, these holes will include a new (to previous drilling) azimuth as well as a 'structural hole' to test the hypothesis of the intersecting structures. The proposed drill programme was supported by the 'brainstorming' panel. All the drilling at Roy is centred around the historic shafts in the vicinity of the 18.8g/t channel samples as well as the outcrop containing visible gold. VLF /magnetic survey In parallel with the soil sampling, a combined VLF and magnetic survey was undertaken. Zigzag was successfully drilled prior to Christmas 2023 and results have now been released. The Kerrs Gold property, acquired under option by First Class Metals in April 2024, is located in northeastern Ontario within the Abitibi Greenstone Belt, one of the world's most prolific gold-producing regions. The project holds a historical inferred resource of approximately 386,000 ounces of gold, underscoring its potential as a meaningful addition to FCM's expanding gold portfolio. Kerrs Gold complements the Company's exploration strategy and provides exposure to a well-established mining district. FCM is currently reviewing plans to advance the project and further unlock its value. The significant potential of the properties for precious, base and battery metals relates to 'nearology', since all properties lie in the same districts as known deposits (Hemlo, Hammond Reef, Seymour Lake), and either contain known showings, geochemical or geophysical anomalies, or favourable structures along strike from known deposits; Sunbeam lies directly between and is contiguous with, twoAgnico Eagle properties and just approximately 15km from the Hammond Reef gold deposits, with open pit probable mineral reserve estimated to be 3. 3 million oz. of gold (123.5 million tons grading 0.84 g/T gold (Au), underscored its exceptional position within a highly enriched, infrastructure- accessible gold district. Ankündigung • Feb 23
First Class Metals plc Provides an Exploration Update for the Work Conducted on the Sunbeam Property from the 2025 Field Season as Well as Proposed and Ongoing Work for the 2026 Field Season First Class Metals PLC provided an exploration update for the work conducted on the Sunbeam Property from the 2025 field season as well as proposed and ongoing work for the 2026 field season. Exploration Highlights: Drilling commenced on the Roy structure at the Sunbeam property; Soil sampling programme indicates 4km long robust gold anomaly; Over 500 A-horizon samples were collected across 4km of the Roy structure results confirm a robust local and potential district scale gold bearing structure; A Lake sediment sample of 111ppb, 1.5km along strike further emphasises the structure's robust anomalism as well as significantly increasing the strike potential of the gold bearing structure; Very Low Frequency ("VLF")-magnetic survey; 192 stations across 3.8km of grid surveyed; data are being (re)processed but initial indications show coincident conductors to soil anomalies; LiDAR (Light Detecting and Ranging) d ataset under expert review. Industry acclaimed consultants are interpreting LiDAR terrain data to support structural models across the district, including the Hammond reef and Melena structures. The initial feedback from the LiDAR interrogation is supporting the theory of an intersecting structure(s) creating a focus for high grade gold deposition. A brainstorming session focussed on the proposed drilling at Roy, led by internationally renowned consultant and close colleague Chris Cooper and involving the Ontario Geological Survey (OGS) as well as Mary Louise Hill (Lakehead University) and Emerald Geological Services (EGS) had the clear objective of Critiquing the proposed drill programme at Roy planned for first quarter this year. The lineament that the Roy occurrence /development is located on is a district scale structure and has now been traced through historic work and Emerald Geological Services, ("EGS") prospecting towards the 111ppb lake sediment sample some 5km northeast along strike of the mine shaft. The structure also hosts historic shafts B43 and B45, which further enhances the potential. There has never been an extensive nor systematic drill programme at Roy, drilling by a previous property explorer returned: SP11-12 intersected 4.01 g/t Au over 1.85m. SP11-13 intersected 1.05 g/t Au over 3.78m. Stripping and sampling by FCM Programmes of stripping at Roy (and Pettigrew) confirmed high grade gold assays up to 18.8 g/t gold (Au). At Roy other highlights include: 6.27 g/t Au channel /0.35m in mafic schist with quartz veins 4.98 g/t Au channel /0.5m in sheared porphyry and; OJEP FCM remains optimistic in respect of its application for a fourth consecutive for the maximum grant under the OJEP. Drilling Drilling has commenced with hole SUN-26-01 which is a twin of historic hole SP-11-12. The planned 1,000m programme will continue with a possible three further holes before a cessation for Prospectors and Developers Association of Canada ("PDAC") convention in early March. These holes will include a new (to previous drilling) azimuth as well as a 'structural hole' to test the hypothesis of the intersecting structures. The proposed drill programme was supported by the 'brainstorming' panel. The Forage drill rig on site drilling the first hole at Roy Other exploration developments A report from the visit to the Sunbeam property by ex-Lakehead University (Thunder Bay) Professor of structural geology, Mary Louise Hill, included recommendations of a further review of the historic core with a view to focussed petrological studies. The review was undertaken and several petrographic sections prepared. Ankündigung • Feb 21
First Class Metals plc Provides an Update on the North Hemlo Drilling Results First Class Metals PLC provided an update on the North Hemlo drilling results. Final assays return for 50% of the 400 samples; Provisional values on the remainder; Results being interpreted in parallel to other geochemical and geophysical information. The gold assays received, both final and provisional do not contain any >1g/t gold (Au) values with the highest assay being 117ppb. The full and final results are not expected to alter this. Over 100 samples returned gold values greater than detection. Furthermore, there are also anomalous molybdenum values coincident with albeit only slightly anomalous Au values. This is potentially significant and given their association with Hemlo style mineralisation there remains some encouragement. Next steps will involve a thorough review of all geological geochemical and geophysical information in order to plan follow up exploration. The final results will be integrated with the anomalous soil samples as well as the VLF interpretation once completed. Given the encouraging provisional initial results from the LiDAR over the Sunbeam property area this is also a consideration going forward, given the structural relationship with the mineralisation previously identified is proving critical. Whilst the low number of gold anomalous assays returned might be interpreted as encouraging, the results and the other significant assays from previous work as well as the potential of the geophysics should be considered as vectors to the further exploration of the >3km trend which has previously demonstrated robust gold assays. Additionally North Hemlo is a property of merit with a number of other significant exploration targets which will be advanced in parallel to further work at the Dead Otter trend. ENDS Qualified Person The technical disclosures contained in this announcement have been drafted in line with the Canadian Institute of Mining, Metallurgy and Petroleum standards and guidelines and approved by Marc J. Sale, who has more than 30 years in the gold exploration industry and is considered a Qualified Person owing to his status as a Fellow of the Australian Institute of Mining and Metallurgy. Ankündigung • Feb 20
First Class Metals plc Provides an Update on Preparation for the Upcoming Drill Programme At the Roy Structure on the Sunbeam Property First Class Metals PLC provided an update on preparations for the forthcoming drill programme at the Roy structure on the Sunbeam Property. Drill mobilisation has now been completed. Highlights: 1,000m drill contract with provision for additional 500m signed with Forage PL ("Forage") drilling; Drill preparation commenced on the Roy structure at the Sunbeam property; First four drill collars have been marked; Drill rig and supporting equipment on site; Drilling will focus on the Roy area of the Sunbeam property; Drilling will seek to prove depth continuity in the area of and along strike of the 18.8g/t gold (Au) channel sample from the stripping; Emerald Geological Services ("EGS") will supervise drill preparation, the day-to-day drilling as well as core logging and sampling. The technical disclosures contained in this announcement have been drafted in line with the Canadian Institute of Mining, Metallurgy and Petroleum standards and guidelines and approved by Marc J. Sale, who has more than 30 years in the gold exploration industry and is considered a Qualified Person owing to his status as a Fellow of the Australian Institute of Mining and Metallurgy. Ankündigung • Nov 19
First Class Metals PLC Commences Drilling at North Hemlo First Class Metals PLC announced the mobilisation of a drill rig and the commencement of drilling on the North Hemlo property. Following the recently announced convertible loan note (‘CLN’), FCM has committed to drilling at North Hemlo Drill rig mobilised to the North Hemlo property with drilling now underway. Contracted minimum of 700m of NQ diamond core drilling. Drilling anticipated to produce core imminently. Priority target is the Dead otter trend, with the initial drilling being undertaken in the '19 grammer' area. At least two other locations, including the historic Dead Otter trench, will be targeted. Interpretation of the very low frequency (‘VLF’) survey on the Dead Otter trend and wider surveyed areas underway The securing of the recent CLN funding has allowed FCM to commit to drilling and accordingly it has signed a contract with Rugged Aviation Inc. ('Rugged'), a highly experienced diamond drilling company with years of experience drilling the archaean rocks of northwest Ontario. Rugged has drilled substantial metreage within the Hemlo camp and is well placed to support FCM's technical objectives. The contract is for a minimum of 700m of NQ diameter drilling. FCM anticipates exceeding this minimum drill requirement as drilling progresses along the Dead Otter trend, including: The '19 grammer' (19.6g/t Au) high grade sample site. The 'Dead Otter Showing. Up to two additional targets along strike. The drill rig arrived on site on 16 November 2025 and coring is commencing immediately. Initial holes will target both the location of the 19.6 g/t sample and areas of highly deformed (‘messed up’) rocks mapped by Prof. Mary Louise Hill, Professor Emerita, Lakehead University. Emerald Geological Services are overseeing the on-site activities, including: Core handling and transfer to the secure Manitouwadge facility. Logging, photographing, and sample mark-up. Core cutting and sampling. Bagging, tagging and shipment to Act Labs, Thunder Bay for gold, silver, and base metal assays. Given the seasonal volume of samples being processed across the region, combined with the Christmas/New Year period, assay turnaround times are difficult to estimate accurately at this stage. Ankündigung • Nov 13
First Class Metals PLC announced that it expects to receive £0.5 million in funding First Class Metals PLC announced that it has entered into an interest-free Convertible Loan Note agreement for £500,000 with an international institutional investor on November 12, 2025. Under the agreed terms, the Investor will provide up to £500,000 by way of an interest-free Convertible Loan Note, with a twelve-month maturity. The conversion price will be 80% of the lowest five-day VWAP prior to any conversion notice. Conversion of the Convertible Loan Note is mandatory at maturity, though the Company retains the option to redeem any outstanding balance of the CLN at 125% of nominal value. A 2% commitment fee will be offset against the drawdown at the time of funding. As part of the funding arrangement, the Investor will also have the option to purchase £250,000 in warrants in First Class Metals PLC ("Warrants"). The Warrants will be exercisable at a price equal to 120% of the Company's closing market price, being £0.318 per share based on a closing price of £0.265 . A total of 7,861,635 Warrants will be issued. The Warrants will remain valid for a period of three years from the date of issuance. New Risk • Oct 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (117% increase in shares outstanding). Market cap is less than US$10m (UK£6.08m market cap, or US$8.10m). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Ankündigung • Jun 09
First Class Metals PLC Provides an Exploration Update for the Work Conducted in 2024/25 Winter Field Season First Class Metals PLC provided an exploration update for the work conducted in 2024/25 Winter field season. Dead Otter VLF grid launched post-winter, expanding geophysical coverage along strike of previously reported high-grade gold showings - also targeting a new gold-zone 30m from main zone. North Hemlo tenure consolidated to 81km2 following full acquisition of the OnGold claims - securing control of a strategic and highly prospective land package. Sunbeam property lake sediment programme yielded encouraging results - triggering the staking of an additional 78 claims and expanding the project area to over 88km2. Site visit to Sunbeam by a renowned structural geologist leading to enhanced understanding of the Roy Zone's structural controls of mineralisation - enabling cost-effective drill targeting between historic holes. LiDAR dataset acquired and under external review - enhancing structural interpretation across the broader Sunbeam gold corridor. At Quinlan, 16 lake sediment samples collected and analysed for lithium, REEs, and base metals - anomalous values in pegmatite-rich northwest sector identified for further investigation. Ker's Gold Project resource update underway - integrating post-2011 drilling and verification sampling ahead of NI 43-101 update. SGS Lakehead Ontario to be engaged for beneficiation study on Zigzag - study to optimise recovery from outcrop ore. Future exploration includes a focussed soil sampling programme along the structures, initially the Roy zone. This will increase the geochemical understanding, potentially identify further zones along the trend warranting invasive exploration, possibly stripping to identify potential drill targets. certainly, this focussed approach is a far more cost-effective method of exploration than premature drilling. However, with the opinion on the structure and its relevance to mineralisation received during the recent site visit it is considered that with some further, not extensive, groundwork and the soil results from the area around the Roy zone there would be strong support for drilling between the historic drill holes of the 80's. The initiation of the season's exploration on the Sunbeam property will be the follow up of the soil survey at Roy. Success at Roy will support a similar programme on the Sunbeam - Road zone and the Pettigrew structures. An initial inhouse appraisal is sufficiently encouraging that an external professional interpretation is being discussed. The 'new' and historic zones when considered with the known high grade gold intersections both in drill hole and in the stripping, combined with the robust nature of the three mineralised structures makes the Sunbeam property a veritable district scale target with excellent potential for a significant discovery. Advances on other properties Ker's resource update is progressing well. The drill hole data post the existing NI 43-101 (2011) has been identified and this will be incorporated into the resource. However, as this will entail a site visit as well as verification sampling, this being so, no timeframe for completion is currently to hand. Zigzag A proposal from SGS Lakehead has been received. The Ker's Gold property, acquired under option by First Class Metals in April 2024, is located in northeastern Ontario within the Abitibi Greenstone Belt, one of the world's most prolific gold-producing regions. The project holds a historical inferred resource of approximately 386,000 ounces of gold, underscoring its potential as a meaningful addition to FCM's expanding gold portfolio. Ker's Gold complements the Company's exploration strategy and provides exposure to a well-established mining district. FCM is currently reviewing plans to advance the project and further unlock its value. The significant potential of the properties for precious, base and battery metals relates to 'nearology', since all properties lie in the same districts as known deposits (Hemlo, Hammond Reef, Seymour Lake Lake Lakehead, and the Seymour Lake Lake Lakehead Ontario to be engaged to optimise recovery from out crop ore. Ankündigung • Jun 05
First Class Metals PLC has completed a Follow-on Equity Offering in the amount of £0.52 million. First Class Metals PLC has completed a Follow-on Equity Offering in the amount of £0.52 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: £0.02
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,000,000
Price\Range: £0.02
Transaction Features: Subsequent Direct Listing Ankündigung • May 15
First Class Metals PLC, Annual General Meeting, Jun 09, 2025 First Class Metals PLC, Annual General Meeting, Jun 09, 2025. Location: manor court offices, salesbury road, ribchester, preston px3 3xr, United Kingdom New Risk • Apr 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 96% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Market cap is less than US$10m (UK£1.68m market cap, or US$2.15m). Ankündigung • Mar 31
First Class Metals PLC Announces Board Changes First Class Metals PLC (FCM) announced the resignation of David Webster as director and Non-Executive Chairman with immediate effect. Mr. Webster has decided to focus his efforts towards The Seventy Ninth Group, particularly to address the recent allegations made by the City of London Police concerning the group. Whilst Mr. Webster was one of the four members of The Seventy Ninth Group questioned by the City of London Police, he was released on bail without charge, contrary to some media speculation. The Company announced the proposed appointment of Christopher Johnson as Non-Executive Director. Mr. Johnson, currently serving as Chief Operating Officer of The Seventy Ninth Group, brings over twenty years of experience in legal practice to the board. His appointment is subject to completion of the customary due diligence procedures. James Knowles, currently the Company's Managing Director, will resume the role as Executive Chairman. Additionally, whilst it remains the intention to complete the second stage of The Seventy Ninth Group's investment into FCM it will not be proceeding at the current time. Further updates will be provided in due course. Ankündigung • Mar 03
First Class Metals PLC Announces Board Changes First Class Metals PLC announced the following changes to the board with immediate effect: David Webster has been appointed as a director of the Company and Non-Executive Chairman; James Knowles is stepping down from his role as Chairman to become Managing Director; and Marc Sale has ceased to be a director of the Company but retains the role of CEO. David Webster is Chairman of The 79th GRP Limited ("79th GRP", "The Seventy Ninth Group"), overseeing its direction and growth. He has over 27 years of experience in the property sector as both a developer and a landlord and has previously built significant personal and corporate portfolios, consisting of developments in excess of £500 million of both residential and commercial property. He has spearheaded 79th GRP's expansion into natural resources markets. New Risk • Feb 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (UK£1.76m market cap, or US$2.24m). Ankündigung • Jan 21
First Class Metals plc Provides Exploration Update for the Work Conducted in 2024 Field Season First Class Metals PLC provided an exploration update for the work conducted in 2024 field season. Exploration of the Dead Otter trend was the focus of activities in 2024 on the North Hemlo block of claims. Work included the stripping at three locations (one area subsequently extended) soil sampling in the vicinity of the three stripped areas as well a further prospecting around the 2.3ppm Au sample (a stripped locality). Goldassayresults from the channel samples, as well as the base metal values, including additional channels cut at the Dead Otter and 19 grammer showing, have all been received. It is encouraging that most samples are anomalous to highly anomalous in gold, though no values exceeded one ppm (1 g/t). Given the high grades in previous grab samples and the fact that the Photon assay results validated those grabs it further emphasises the 'spotty' nature of the gold reporting and therefore the requirement to fully understand the geochemical distribution of the gold. From the stripping and other field work it is also now believed that a strong structural component exists controlling the gold emplacement, as such a firm structural understanding will greatly enhance the potential success of any drill programme targeting the Dead Otter trend. Subsequent to the initial stripping and trenching a further short extension and sampling programme was completed at two locations. These results further validate the robust gold anomalous characteristics of the trend. In conjunction with this follow-up programme and prior to the soils sampling orientation survey, prospecting was undertaken in the vicinity of the 2.3ppm sample /trenches. This resulted in further anomalous but sub 1ppm Au results. However, the pathfinder element molybdenum (characteristically associated with the gold at the Hemlo mine) reported high (2290ppb) in the grab samples to the north of the Dead Otter trench, where some of the higher gold in soils were also reported. Additionally, there were anomalous gold in soil samples from the end of the line to the south of the 19 grammer. Furthermore, the prospecting in the vicinity of the stripped area reported a 0.5ppm (0.5g/t) in a grab sample 30 metres north of the 2.3pppm showing /stripped area and also reported up to 0.43% copper, whilst a second sample anomalous in gold reported 7g/t Ag and 0.33% Cu. This indicates that the Dead Otter trend as originally targeted could have a greater width or be comprised of more than one sub parallel structures. Irrespective there is mounting evidence that the (gold) anomalism is far wider than originally factored and the potential greater than previously anticipated. The variable locations of the reporting of the gold, copper and molybdenum also suggests metal zonation, again a common factor in mineral deposits. In order to better understand the structural controls FCM will now finalise discussions with a leading structural geologist to undertake a detailed study of the geological exposure at the stripped areas with the aim of increasing the structural understanding of the mineralisation. This will preface the field work and will allow a focussed exploration of the trend once ground conditions allow access. In parallel FCM is conducting an 'in-house' review of the LiDAR (Light Detection and Ranging) covering the Dead Otter trend to identify any prominent cross structure which might be loci for the gold mineralisation. Integrating the LiDAR with the hi-res. mag. previously flown, the geochemistry and the structural study is expected to help focus the exploration push in the spring. The work planned will give a better understanding of the geology, structure and mineralisation and will optimise any proposed drilling. This focussed approach will overall save time and costs. Winter work programme is now underway on the North Hemlo claim block. Emerald Geological Services (EGS) are undertaking a combined lake sediment sampling programme as a follow-up and expansion of a previous programme. In conjunction a Very Low Frequency (VLF) geophysics and magnetic survey will being conducted at up to seven location where anomalous gold in lake sediments returned values up to 103 ppb Au from sampling in 2022 and 2023. VLF and Magnetic surveying are also planned along the Dead Otter Trend. The Company, after consultation with Bruce MacLachlan of EGS decided to conduct a Very Low-Frequency (VLF) and magnetic survey, as this would be conducive to mapping out conductors related to faults, alteration and sulphide mineralisation in the area of the anomalous gold in Lake sediments and add important information relating to the structures at the Dead Otter trend. As VLF surveying can be carried out during the winter on the ice, costs are significantly reduced. Sunbeam property extending over 70km contains three historic development sites: Sunbeam, the most exploited, Roy and Pettigrew. However, along the threeknownmineralised structures a number of other significant gold bearing sites have been identified, such as Road zone and Rubble. The historic developments as well as the widespread occurrence of gold (along the structures) emphasise the gold endowment of the property and the potential for a major discovery. In 2023 stripping and associated grab sampling in the areas of the Roy and Pettigrew developments on the Sunbeam property identified anomalous (4.98 g/t Au over 0.5m) in the 'host' /wall rock porphyry. This discovery was an important development in the exploration on the Sunbeam property. Whilst it is known that the quartz veining variously hosted by sheared mafic volcanics contains significant gold (one Nuinsco drillhole sample reported 93.3g/t over 0.44m), the gold bearing potential of the porphyry was not documented. Through dedicated efforts, a majority of the modern core drilled by TerraX at the Sunbeam property from multiple sites was successfully located. All the core has now been (re)logged, photographed and is now securely stored under FCM control. This asset will be invaluable as the company is advance the property's exploration. During the review of the Nuinsco and TerraX core samples were collected from Nuinsco holes, as the TerraX holes were more thoroughly sampled in the past. Including standards and blanks 80 samples were collected of intervals deemed to be significantly altered and mineralized, or adjacent to intervals which returned anomalous historical gold results, (>50 ppb Au generally considered to be anomalous). A combination of new and historic results highlights the presence of relatively wide zones of low-grade gold. Roy zone · From 38m 0.71g/t Au over 13.8m · From 41.0m 0.43g/t Au over12.3m WN2 zone · From 28.8m 0.33g/t Au over 11.8m AL198 Zone · From 63.3m 0.30g/t Au over 10.3m @63.3m. Rubble Zone · From 20.3m 0.61g/t Au over 12.3m. Ankündigung • Sep 24
First Class Metals PLC Provides an Exploration Update First Class Metals PLC provided an exploration update. This update follows on from the news release of 5 September 2024 in which FCM announced the successful completion of the planned stripping and channel sampling at three locations along the 3.7 km strike identified, as part of the 'upgrade' of the Dead Otter trend within its 100% owned North Hemlo Property to a high-profile target North Hemlo Exploration geochemistry update: As reported, owing to the belief that the distribution of gold in the mineralisation of the Dead Otter trend might be 'a coarse gold issue', pulps from previous samples were resubmitted for assay using the whole pulp - up to 500g whereas previous Fire assays used the standard 50g of pulp. The 'total pulp' results were in generally in line with and validated previous assay values. However, as values were generally not in line with (visual) expectations (as gold had been identified in samples where no gold was reported in assay), the available coarse residues from samples along the trend were submitted for photon assay. This method uses up to 500g of the unpulverised residue, so represents a different 'population' to the fire assay pulps. The results have now been received and are generally within 10-20% of the original assay data (note that three different laboratories were used for the initial FA, the total pulp and the photon assay analyses. The photon assay results over 0.2ppm (0.2g/t) are shown in Figure 3 below. The results validate and support previous FA analysis. It is now postulated that mineralisation represents a 'spotty gold distribution', rather than a coarse gold issue. Accordingly, the pathfinder elements will be instrumental, along with detailed structural interpretation, in understanding the gold mineralisation at Dead Otter. The photon assays have highlighted an area between the original Dead Otter showing and the location of the 2.3ppm channelling. This will be further investigated. It must be stressed that not all previous samples along the trend were available for photon assay, hence it is an incomplete picture of the geochemistry of the trend and potentially further anomalous areas of interest await identification. The distribution of anomalous pathfinder elements also alludes to this. The partial results from the samples collected from the recent stripping programme have been received and once all values are reported they will be released in a further news release, though it is probable that re-assay of selected samples by photon assay will be conducted once all results are available. Ankündigung • Jul 24
First Class Metals plc Reports Accelerated Exploration at 3.7Km Gold Trend in North Hemlo First Class Metals PLC provided an exploration update. Following a detailed technical review, the Company has upgraded the Dead Otter trend ("Dead Otter") within its 100% owned North Hemlo Property to high profile target status and has immediately launched the next stage and a potentially significant impact exploration programme. Historic Dead Otter Exploration Highlights included: The Company has confirmed the presence of a discontinuous 3.7km long gold trend at Dead Otter (open along strike so potentially larger) in the south of the North Hemlo Property which is located 23km north of Barrick's Hemlo 123 million ounce gold ("Au") mine. The structure forming the Dead Otter trend is considered to be subparallel to a district scale structure identified in the magnetics that has similarities to the structure hosting the Barrick Hemlo gold mine. Visible gold has been observed in multiple grab samples from the Dead Otter trend, a grab sample reported 19.6g/t gold (Au) with a 13.6g/t gold sample in the near vicinity. Gold has been 'panned' from pulverised grabs taken from the structure. An Exploration Permit covering the 3.7km gold trend at Dead Otter was granted in November 2023 and is valid for three years. The permit allows mechanical stripping and diamond core drilling, and a drilling operator has successfully reviewed site logistics and access for a diamond drill rig. Ankündigung • Jul 04
First Class Metals plc Announces Advancements in Field Activities and Supporting Technical Developments First Class Metals PLC announced significant advancements in field activities and supporting technical developments. Coco East property-field work completed, base metal potential. The Coco East property not only has potential for precious metal targets but also base metals. The geophysical anomaly in the northern sector has been interpreted as a potential eastern continuation of the 'zinc belt' from the Winston Lake area. FCM through Emerald Geological Services ('EGS') recently undertook a prospecting programme in the northern sector of the property. A previously unknown adit was encountered. Searches of the Ontario Mineral Index 'OMI' registrar is ongoing to ascertain if there is any historical information associated with the workings. A number of rock samples were collected from this area of the adit as well other locations and will be dispatched for analysis. The exploration programme whilst brief has been successful and importantly the assessment credits the work generates will ensure the property remains in good standing into the '25 field season. Sunbeam Project-85 samples from Nuinsco diamond core drilling dispatched for assay. After a review of the historic TerraX and Nunisco drill core a total of 83 half core samples (plus one standard and a blank) have been submitted to assay for gold by Fire Assay and a silver /multi element package. The basis for the additional review and sampling of the core results from the stripping programmes at Roy and Pettigrew that identified that the hosting porphyry was anomalous in gold, with one grab sample reporting over 4ppm Au. North Hemlo-25 coarse rejects from Dead Otter trend to be re-assayed by Photon Assay, The Dead Otter Trend has discontinuous outcrop along the identified >3km strike. The structure mimicking the granite /mafic volcanic contact is sheared and contains significant quartz veining. Where outcrop allows sampling, the gold reported in assays has reached 19.6ppm Au, (19.6g/t). However, there are areas where, whilst gold has been visibly identified in rock samples, the assays have not reflected the apparent potential to report significant gold values. There is possibly a 'coarse gold issue' in the northern sector. Additionally, the presence of silver and gold telluride (calaverite) further suggests that the assays are not reflecting the true gold content of the quartz /shear. Given the relatively small fraction of the overall samples that are used in a standard 50g Fire Assay method, FCM through EGS has selected 25 samples for Photon Assay which utilises a 500g sample in the assay. The sample is run through a high energy X-ray machine whichexcites the atomic nuclei in the rock, causing them to emit gamma rays at specific energy levels. These emitted gamma rays allow for the detection of gold and silver within the rock sample and, is a non-destructive methodology, as opposed to traditional fire assay, allowing the sample to be retained for further analysis. The samples are from the original Dead Otter Showing (3.1ppm Au), the '19 grammer' as well as samples from Bobby's Showing which reported 2.2ppm Au. It is anticipated that this new method of analysis will enhance the potential of the Dead Otter trend and help focus stripping programme the planned this field season. Zigzag Lithium & Critical Metals Project-Award of an Exploration Permit for three years. The Exploration Permit application to the Ontario Ministry has been approved for a further three years. The granting of the Permit allows for stripping and further drilling on the main zone identified by FCM's prospecting, channel sampling and drilling in 2023. The zone remains open in all directions, including down dip. Previously reported results from an MMI soil sampling programme indicated not only is the main zone open past FCM and historical drilling and channel sampling locations but that there exists the possibility of a subparallel or spur structure to the south (anomalous values reported included Li, up to: 2,600ppm; 4,290ppm Rubidium; 920ppm Cs. The granted permit will allow this to be stripped and if warranted drilled. Ankündigung • Jun 26
First Class Metals plc Announces Field Work on the Coco East Base / Precious Metal Property Is Now Underway First Class Metals PLC announced that field work on the Coco East base /precious metal property is now underway. Field work has commenced on the Coco East property, base metal potential. Coco East: The Coco East block of 30 single cell claims covering ~6.3km² situated about 25km north of the town of Terrace Bay. Geologically the property is on the eastern sector of the Big Duck Lake Porphyry. The Big Duck Lake Porphyry contains a number of historic showings as well as the Coco Estelle gold deposit. The one showing located within the Coco East property boundary, the Big Birch occurrence, where two pits are reported with a 5m spacing, striking east-west. The main pit exposes a 10cm-wide quartz and calcite vein and contains pyrite and possible chalcopyrite mineralisation; historic assay results have returned values of 0.56 g/t Au and 2.83 g/t Ag. During the 2022 field season, FCM collected 47 rock samples predominantly in the area of the Big Birch occurrence and historical drilling. Over the winter of 2022/23 six lake sediment samples were collected, Assays returned gold and silver grades that were generally in order of the historic samples, The Coco East property not only has potential for precious metal targets but also base metals. The geophysical anomaly in the northern sector has been interpreted as a potential eastern continuation of the 'zinc belt' from the Winston Lake area. The Winston Lake Mine closed at the end of the 1990s due to low zinc prices. The Winston deposit was mined between 1988 and 1998, producing approximately 3.3 million tonnes of 14% zinc and 1% copper. The critical mineral is hovering between USD 2,500 and USD 3,000 per tonne. Zinc is in demand for renewable energy technologies in wind, solar and battery storage, as well as for the galvanizing, construction and automotive sectors. OnGold: The project is located roughly 21km southeast from the town of Manitouwadge, Ontario comprising of 163 single cell mining claims covering about 34km2. Limited previous exploration has been focussed to investigate several discreet magnetic anomalies thought to be associated with Ni-Cu-PGE mineralised mafic-ultramafic intrusions. Similar rock types comprise the Tyko, RJ, Smoke Lake and the recently discovered West Pickle massive sulphide discovery. Ankündigung • Jun 25
First Class Metals PLC, Annual General Meeting, Jul 16, 2024 First Class Metals PLC, Annual General Meeting, Jul 16, 2024. Location: the new club, 86 princes street, eh2 2bb, edinburgh United Kingdom Ankündigung • Jun 20
First Class Metals plc Announces Operations Update – Field Work Commenced First Class Metals PLC announced that field work is now underway. Highlights: Sunbeam property, porphyry focus: review and sampling of the Nuinsco core. o review of historic TerraX core approximately 1,500m. Instructed Prospectair to commence a High-resolution magnetic survey of the Kerrs Gold property block. Zigzag Critical Metals Property-Exploration Permit application submitted. Ontario Junior Exploration Programme, (OJEP), application submitted for work on the North Hemlo Property. Reconnaissance trip to the Quinlan lithium property. Planning for stripping programme at the Dead Otter trend, North Hemlo. Prospecting at Coco East. Whilst a review of the Nuinsco core was previously conducted by FCM through Emerald Geological Services (EGS), the identification of reportable gold values in the host rock - a felsic porphyry, has significant upside for a radicle re-rate of the potential for additional mineralisation on the Property. Accordingly, after exhaustive searching EGS located the TerraX core. TerraX undertook several short drill campaigns over many of the prospects on the Sunbeam property. In 2010, TerraX drilled five diamond drill holes (SP10-01 to SP10-05) totaling 661.5m in the Pettigrew area. The first four holes targeted chargeability highs from an IP/Resistivity survey, results were anomalous but not 'high grade'. The main structure was not drilled. In 2011, TerraX drilled three holes (SP11-06 to SP11-08) spaced 50 m apart along the trend of quartz vein system and the mineralised zone encountered by Nahanni, the 'Road Zone'. (In 1982, Nahanni Mines drilled an intersection at the Road zone of 4.8 g/t over 8.5m, including 15.8 g/t Au over 1.8m). The alteration zone in TerraX hole SP11-06 returned an intersection 1.11 g/t Au over 13.90 m. At the WN12 occurrence, early 2012, three holes (SP12-14 to SP12-16) were drilled. The first two holes tested the 65m intermittently mineralised stripped outcrop with hole SP12-15 intersecting 18.0 g/t Au over 0.95m in the footwall zone. At Roy, two holes, SP11-12 intersected 4.01 g/t Au over 1.85m. SP11-13 intersected 1.05 g/t Au over 3.78m, see figure 01. The stripping at the Roy zone reported high grade gold intersections as well as gold in the porphyry, highlights previously reported: · Results from the stripping at Roy have confirmed high grade gold assays up to 18.8 g/t gold (Au) /0.3m channel sample at Roy. Other highlights include: · 6.27 g/t Au channel /0.35m in mafic schist with quartz veinlets; · 4.98 g/t Au channel /0.5m in sheared porphyry; and · 5.58g/t Au channel /0.5m within a quartz vein. The total number of samples for assay (with blanks and standards) will be in the order of 90+ samples, over 80 being new half core samples Prospectair have been commissioned to undertake a low level hi-resolution magnetic survey over the property in late June /July. The survey will be carried out with 50m traverse lines oriented in order to properly map the dominant magnetic/geological strike. Control lines will be flown perpendicular to traverse lines and at a 500 m line spacing. This gives a total survey distance of 736 l-km. The road accessible Kerrs Gold Deposit consists of 36 units totaling approximately 665 hectares and lies 90 kilometres east-northeast of Timmins, in the Larder Lake Mining Division. The Kerrs Gold deposit is considered a stratabound deposit, occurring at the contact of a thick, mafic pillow flow sequence overlying an ultramafic, magnetite-rich flow sequence. Drilling has traced the main zone eight hundred metres and remains open in both directions and at depth. Gold mineralisation occurs as pyritized quartz vein replacement breccias enveloped by quartz fuchsite carbonate vein breccias averaging approximately 10m and alteration envelopes varying up to 40 m in thickness. The Kerrs Gold historical resources estimate of 386,467 Oz Au was disclosed in "NI 43-101 Resource Estimation on the Kerr's Gold Deposit, Matheson, Ontario" prepared for Sheltered Oak Resources Inc. by Garth Kirkham, P. Geo of Kirkham Geosystems Ltd. And dated June 10, 2011. The Kerrs historic estimate is an inferred resource as defined in National Instrument 43-101. The table below shows the potential ounces with differing cut of grades. FCM would look at remodelling the resource in order to identify higher grade envelopes for targeting in any proposed future drilling. The updated exploration permit ("Permit") for the Zigzag property has been submitted to the Ontario Ministry of Mines with the full support of Whitesand First Nation community. The new Permit will allow further stripping and drilling along the main trend both to the easy and west of the 'core 400m zone'. Importantly it will also allow initial stripping and if warranted allows for drilling on the southern, possibly subparallel trend. Highlights from the pre-Christmas drilling included: Assay results from the recent drill programme are in line with and exceed the channel sample results. · Selected highlights include: · ZIG-23-01 4.3m @ 1.65% Lithium (Li20) including 1m at 2.93% · ZIG-23-02 5.0m @ 1.5% Li20 including 0.2m @ 5.19% and 5.75m @ 0.21% Rb20 · ZIG-23-07 6.5m @ 1.09% Li20 including 0.5m @ 2.76% · Elevated grades of several key technology critical metals present including: gallium (Ga), rubidium (Rb20), caesium (Ca) and tantalum (Ta). · Significant upside for the expansion of the geochemical envelope along strike in both directions and down dip. The Dead Otter trend on the North Hemlo claim block extends for 3km from the historic showing in the northwest (3.1ppm Au and 0.59% Mo) to the '19 grammer' in the southeast. Other gold occurrences as well as anomalous 'pathfinder' elements are reported along the 3km strike. The structure is discontinuous as outcrop is intermittent. FCM plans to undertake a stripping programme in the area of the Dead Otter showing, the '19 grammer' as well as one or two locations along strike. Given the potential for 'coarse gold' in the Dead Otter sector of the structure FCM is identifying up to thirty samples for photon assay for gold with ALS Thunder Bay. Other activities: McInnes Lake- EGS has elected not to continue with the Earn in Option over McInnes lake. After discussions FCM has agreed to cease negotiations. Coco East- FCM also intends to undertake a reconnaissance /prospecting programme in the northern sector of the Coco Este property where the company interpret the metalliferous belts extends from the west on to the property. Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Marc Bamber was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 05
First Class Metals PLC Announces Grant Receipt from Canadian Ministry of Mines First Class Metals PLC announced on the 20 March the company received CAD 200,000 OJEP Grant from the Canadian Ministry of Mines for the Zigzag lithium & critical metals property. Ankündigung • Feb 03
First Class Metals PLC Reports Palladium One Drilling Results First Class Metals PLC announced that Palladium One continues to intersect potentially economic Ni-Cu mineralisation in and around the West Pickle Lake ("WPL") Joint Venture area. In the West Pickle Lake area, chonolith /feeder dyke structures now extend over more than five kilometres of strike length. Drilling along the eastern margin of the West Pickle Zone targeted bore hole electromagnetic anomalies ("BHEM") returned 1.8% Ni and 1.0% Cu over 1.5 meters in hole TK23-134. A new nickel zone has been identified with intercepts returning up to 0.4% Ni and 0.2% Cu over 2.7 meters including 1.0% Ni and 0.4% Cu over 0.9 meters in hole TK23 -128 in an area with soil anomalies as high as 0.15% Ni, 0.27% Cu and 86 parts per billion ("ppb") Pd + Pt. Of significance are holes TK23-134, on the eastern extent of the WPL JV area and hole TK23-128, to the north-west of WPL and close to the 100% owned North Hemlo block of FCM. Ankündigung • Feb 02
First Class Metals PLC Announces Cessation of Ayub Bodi as Director First Class Metals PLC announced that Ayub Bodi ceases to be a director with immediate effect. Ankündigung • Feb 01
First Class Metals plc Announces High-Grade Gold Assay Results First Class Metals PLC announced high-grade gold assays from channel sampling undertaken following the recently completed exploration at the Company's 100% owned Sunbeam property ("the Property"). The Property contains three subparallel mineralised structures, each identified over 10km traversing the property; these are inferred to continue to the northeast into the recently staked area where prospective structural features are inferred. Since the announcement of the Sunbeam acquisition in early October 2022, FCM through Emerald Geological Services (EGS) have been working to advance the Property to drill ready status. The pre-exploration phase included a review of historic core; however, recent work has identified the potential of the porphyry to host significant gold mineralisation, therefore further review of the Sunbeam (Nuinsco) core is now recommended with additional samples taken if warranted. The Sunbeam Property is dominated by three mineralised structures, all of which host significant gold anomalism as well as historic development, including the Sunbeam high grade gold mine which operated until 1905 and reportedly produced multi ounce material. In July 2021, Nuinsco reported grades up to 93.3g/t Au from a drill programme conducted predominantly in the vicinity of the Sunbeam Mine area. Significant results include: NS-21-01 - 3.98g/t Au over 0.6m (from 96.0m) within 3.39m of strongly gold anomalous deformation zone. NS-21-02 - 13.8g/t Au over0.15m (from 80.85m) within 2.83m of strongly gold anomalous Deformation zone. NS-21 - 93.3g/t gold over 0.44m (from 99.5m) within 3.19m of strongly anomalous deformation zone. o NS-21-05 - 2.94g/t Au over 0". The results from the channel sampling at Roy and Pettigrew, in conjunction with the encouraging geology encountered in the stripping at both locations (as well as the geology /geochemistry at the Sunbeam mine area) validate the Company's efforts to bring the property to drill ready stage. The 'English claims have now been transferred 100% to First Class Metals Canada Inc. FCM currently holds 100% ownership of seven claim blocks covering over 180km2 along a 150km strike of the Hemlo-Schemlo Sunbeam property. New Risk • Jan 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (UK£3.28m market cap, or US$4.17m). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Ankündigung • Dec 18
First Class Metals PLC Announces Completion of the Final Hole of Its Inaugural Drill Programme At Zigzag Property, Located in the Seymour-Falcon Corridor in Northwestern Ontario, Canada First Class announced the completion of the final hole of its inaugural drill programme at the Company's Zigzag Property (the "Property"), located in the Seymour-Falcon corridor in northwestern Ontario, Canada. The drill programme included 9 holes targeting the pegmatite bearing zone and one hole (the tenth, final hole) being a scissor to ZIG-23-06, to confirm the interpreted dip of the structure. The 10-hole, 450-metre drill programme was completed successfully on the 16th December within budget and time schedules The drilling targeted the 400m central section of the property which had been subject to a non-mechanised stripping and channel sampling programme reporting up to 2.36% lithium (Li2O) over 5.5m. Historic drill holes also reported an intersection grading 1.08% Li2O over 6.1m from 12.45m and a separate intersection of 399.8ppm Ta2O 5 over 2.92m from 15.50m. Visual observations undertaken whilst logging the core have recorded spodumene-bearing pegmat in all holes which targeted the pegmatite, The core is now being logged in detail then it will be 'marked-up' for cutting (sampling), it is anticipated that circa 100 samples will be sent for analyses in Thunder Bay. Results from the initial batch are expected in early first quarter of 2024. Ankündigung • Dec 06
First Class Metals PLC Commences Drilling on the Zigzag Property First Class Metals PLC announced a that drilling has commenced on the Zigzag property which is currently focussed on the lithium (Li), tantalum (Ta) rubidium (Rb) and gallium (Ga) potential. An Early Exploration Agreement (EEA) has been signed between Whitesand First Nation and First Class Metals. Under the agreement FCM is allowed to undertake activities requiring and Exploration Permit, as awarded by the Province. FCM has agreed to support the Whitesand community. Drilling Plan: The drill programme preparation commenced on Monday with core expected today, this maiden programme will be focussed in the central 400m to explore the areas of high channel sample results, particularly Channel 7. Initially 7 drillholes of over 50m are planned with the provision for a deeper 'step-back' based on visual, encouragement. The basis for the drilling is the encouraging grab samples and channel sample results previously reported. Nine channels were cut with lengths of under 5m to over 10m, channel lengths were usually controlled by overburden and not necessarily by cessation of pegmatite geology. The results from the channels are very encouraging. It must be stressed that only hand stripping of vegetation was undertaken and often, exemplified by channels 5 and 7, the outcrop persisted but the vegetation cover was too onerous to be removed by hand. The results have not only vindicated the grab samples in respect to the lithium oxide content but also highlighted again the presence of other important, critical minerals such as tantalum, gallium and rubidium. Ankündigung • Nov 26
First Class Metals PLC has completed a Follow-on Equity Offering in the amount of £0.71944 million. First Class Metals PLC has completed a Follow-on Equity Offering in the amount of £0.71944 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,990,665
Price\Range: £0.06
Transaction Features: Subsequent Direct Listing Ankündigung • Nov 25
First Class Metals PLC announced that it has received £0.602999 million in funding First Class Metals PLC announced a private placement to issue 11,990,665 ordinary shares at an issue price of £0.0502891 for the gross proceeds of £602,999.7512515 on November 24, 2023. No warrants are being issued in connection with this placing. The Company intends to repay in full the CLN, which stands at £500,000 drawn. The company has disclosed issue expenses for £48,000 Ankündigung • Nov 15
First Class Metals plc Provides Update on the Sunbeam Past Producing High Grade Gold Mine First Class Metals PLC provided an update on the Sunbeam past producing high grade gold mine. Initial results from the Roy prospect have been received, including 18.8 g/t Gold (Au) grade from a 0.3m channel sample, An additional 119 contiguous claims staked, expanding the Sunbeam Property by 25km2. The Sunbeam Property now covers 72km2, encompassing district scale structures. Final 'English Option' payment has been agreed with the intention of transferring 100% of the claim ownership across to FCM. Channel sampling results still from the Sunbeam Mine & Pettigrew Working still pending. Since the announcement of the Sunbeam acquisition in early October 2022, have been working to advance the project to drill ready status. The exploration phase commenced with a comprehensive historical review of all available data from the time historical production commenced in the early 1900's through to the last drilling campaign and geophysical survey by the previous operators. This included a detailed review of the available core. As part of commitment to uphold key Environmental, Social, and Governance (ESG) objectives and in recognition of the local First Nation Peoples who have an interest in the area, a Stage 1, Archaeological Heritage Review (AHR) was conducted and submitted to the FN and the Provincial authorities. Granting of an updated Exploration Permit was achieved in June 2023 and one aspect was the increased areas available for stripping, particularly in the vicinities of the three historical development areas. The Sunbeam property is dominated by three mineralised structures all of which host significant gold anomalism as well as historic development, including the Sunbeam high grade gold mine which operated until 1905 and reportedly produced multi ounce material. In July 2021, Nuinsco reported grades up to 93.3g/t from a drill programme of eight drill holes totalling 1,091 metres conducted predominantly in the vicinity of the Sunbeam Mine area. The drill programme was a follow up on a surface sampling programme which produced results up to 83.5g/t from underground waste rock from the Sunbeam Mine. FCM has staked a further 119 claims, covering 25km² and contiguous to the northeast of the English option area. The newly staked claims remain in good standing for two years before requiring assessment credits derived from field work. Additionally, as they are contiguous to the 'English Option' assessment credits can be spread across the new claims. The rationale for staking the claims was following a recommendation by and discussions with Emerald Geological Services based on geological investigations and conceptualisation inferred from the geology and structures on the existing property. The Sunbeam property contains three subparallel mineralised structures, each identified over 10km traversing the property; these are inferred to continue to the northeast into the new area where prospective structural features are inferred. FCM now commands a district scale land package of over 70km². FCM has undertaken two stripping campaigns and the gold (Au) results from the Roy zone are now available. Most of the samples were 1m or less, with a minimum of 0.1m and a maximum of 1.4 m. The results have defined a broad zone of shearing, alteration and mineralization, peaking at 18.8 g/t (ppm) Au in one 0.3m channel sample (within interval of 6.2 ppm Au /1.05 m). There are a significant number of other results exceeding 1ppm Au that define the anomalous structure over a strike of 100m between the existing shafts and open along strike. These include: 6.27 ppm Au /0.35 m in mafic schist with quartz veinlets (within broader interval of 0.94 ppm Au /3.25 m); 4.98 ppm Au /0.5 m in sheared porphyry (within broader interval of 3.7 ppm Au /1.55m); and 5.58 ppm Au /0.5 m within a quartz vein. The high-grade gold mineralisation is hosted in quartz veining in sheared 'mafics' within a sheared, folded felsic to intermediate porphyry which often exhibits quartz veining, silicification and ankerite alteration, and which also frequently contains anomalous gold concentrations as noted above. The results from the channel sampling at Roy, in conjunction with the encouraging geology encountered in the stripping at both Pettigrew and the Sunbeam mine area validate the Company's efforts this season to bring the property to drill ready stage. Further results will be announced as they are received. It should be noted that there has been no significant drilling at Roy, furthermore the reported drilling at Pettigrew was encouraging, with Two holes returned significant gold assays: Hole 57751: 19.4 g/t Au over 0.63m at 5.33m and 15.17 g/t Au over 1.37m at 21.44m. Ankündigung • Sep 20
First Class Metals plc Announces the Launch of Systematic Exploration Campaign At the Zigzag Lithium Project in the Province of Ontario Canada First Class Metals PLC announced the launch of systematic exploration campaign at the Zigzag Lithium project in the Province of Ontario Canada. Highlights: The Zigzag project is considered highly prospective for the discovery of economic pegmatite hosted lithium mineralisation. Historically several outcropping lenses of a potentially cohesive lithium-tantalum bearing pegmatite has been sampled across the property with encouraging results. Historic grades at surface up to 1.68% lithium (Li20) over 7.9m and 0.168% tantalum (Ta205) over 2.54m. The claim group covers the historic Tebishogeshik occurrence. Sampling by Nuinsco returned highly anomalous lithium (Li), tantalum (Ta), and rubidium (Rb), peaking at 3.55% Li20, 836 ppm Ta2O5, and 4,003 ppm rubidium Rb2O. Several shallow historic drill holes along the occurrence have returned encouraging results, including, (in separate drill holes) an intersection grading 1.08% Li2O over 6.1m and a separate intersection of 399.8ppm Ta2O5 over 2.92m. First pass limited sampling whilst achieving access returned samples with a peak of 1.7% Li20 and 346ppmTantalum, 104 ppm Niobium and >3000ppm Rubidium. Currently an experienced geological team is on the project, undertaking a prospecting and mapping of the known exposures. In parallel with this initial systematic sampling programme the team has initiated a sawn channel sampling programme along strike at intervals across the exposed pegmatite outcrop. Ankündigung • Jun 15
First Class Metals PLC Provides North Hemlo Exploration Update First Class Metals PLC provided an update on exploration activities. North Hemlo Exploration Progress: A field team, working from Manitouwadge, is focussed on the Dead Otter Trend. Initially, exploration is focussed around the historic showing which reported 3.1 g/t Gold (Au) and 0.59% Molybdenum (Mo). Over 100 samples have now been taken and ready for dispatch. After the completion of the intensive, detailed sampling of the 'northern' area, a similar exercise will be conducted to the southeast, in the vicinity of the previously reported new discovery of 19.6g/t Au. The two areas are separated by approximately 3km, and the structure has been discontinuously traced along the extent and reports other >1g/t Au and anomalous Mo as other 'pathfinder' elements. The Company's stated objective is to advance the Dead Otter Trend to drill ready status this season with the intention of undertaking stripping then a scout drilling programme once permitting is secured. Visible Gold (VG) in sampling across the Dead Otter Lake Trend: Systematic grab samples have been collected along the favourable 'horizon' in the area of the old showing. A high percentage of the rock composing each sample are scrutinized for presence of visible gold. Panned gold Rock samples collected randomly from the zone of intensive sampling were 'dollied' then panned-off. A number of gold flecks were seen in the 'tail' in the panning dish. This is significant in not only proving the presence of gold in the Dead Otter Trend but also signifies that (some of) the gold present is free-milling, a very important metallurgical aspect for future possible extraction. Exploration Permits Submitted: The Exploration Permit which would allow stripping and drilling of the Dead Otter Trend has been submitted to the Mines department for review and consultation. This is after FCM has had, and ongoing, detailed discussions with the pertinent First Nations (FN) groups with traditional land claims over the North Hemlo claim block. Drill Contract Discussions: Advanced discussions have commenced with a local drilling company, and a review of the contract has been initiated, which included a site visit to assess access for a drill program upon the receipt of a successful permit application. FCM remains committed to undertaking a scout drill programme on the Dead Otter Trend as soon as logistics and permitting allow. Ankündigung • May 10
First Class Metals PLC Announces Commencement of Field Operations First Class Metals PLC provided an operations update on activities across the portfolio. First Class Metals PLC through its 100% owned Canadian subsidiary controls nine properties in northwest Ontario. The properties cover collectively 230km² though three properties account for over 60% of the area under licence. The properties have assessment credits through 2023, regardless, FCM intends to undertake exploration of all the properties this field season, with the intention of drilling at least one. Initial field work will focus on the McKellar Rare Earth Element (REE) diatreme, this work has commenced with a programme of sawn channel sampling being conducted. The McKellar diatreme occupies a topographic low and occurs within a north trending linear structure. The diatreme breccia may have been emplaced within a shear or fault zone, however, owing to vegetation cover geologic data to confirm this is vague. Historically general prospecting, geological mapping and rock sampling of the diatreme was focused on discerning whether gold, platinum and palladium were associated with the diatreme structure and what REE the diatreme carried. During a brief campaign in 2022 the team collected ten rock samples, of which nine were grab samples of outcrop in the vicinity of an identified drill hole and the other a 'float' /boulder sample in a creek immediately to the southwest. The results were anomalous but did not replicate the historic grades. It is intended that the current sampling will verify and hopefully even expand the potential outlined by the historic assays. A second team is mobilising to review the historical drill core from the Sunbeam Property. This is in collaboration with and leads on from the detailed review of the historic data which is now complete. Further, three holes were drilled within 100m of the Pettigrew shafts. Hole 57751 intersected 19.4 g/t Au over 0.63m and 15.17 g/t over 1.37m in two zones separated by 15m. Ankündigung • May 06
First Class Metals plc Provides an Update on Geochemical Results from Soil Sampling on the Esa Property First Class Metals PLC provided an update on geochemical results from soil sampling on the Esa property. Total of 478 soil samples were collected from 11 predominantly subparallel, north - south soil lines in 2022. An intermittent 4km anomalous zone has been identified corresponding to the surface expression of the inferred shear. Multiple 10-95 ppb gold (Au) and key pathfinder elements including molybdenum (Mo), antimony (Sb) and arsenic (As). Anomalous trends identified by the soil sampling as well as the background magnetics highlighting NE structures intersecting the shear, including: Hemlo look alike angular boulder identified, which reported 0.7ppm Au which is considered significant. Esa Property The Esa property consists of 86 claims, covers ~20.6km2, and is located approximately 11km northeast from the Barrick Hemlo gold mine, immediately south of FCM's North Hemlo property. The property is transected by an inferred arcuate structure interpreted as a shear zone that runs roughly west to east in the central portion of the block. This structure is one of three similar structures located in the North Hemlo Limb, two of which also transect the North Hemlo block (and Magical). The district setting of the Esa property showing the Hemlo gold mine and particularly the arcuate subparallel inferred shears to the north. The property sits between the Cedar Lake Pluton and the Musher Lake Pluton: intrusions are considered important components driving mineral rich fluids, and economic mineralisation is often found associated with the contacts or structures associated with the intrusive event. There is a second subparallel potentially mineralised W-E trend in the southern section. Importantly there are a number of N-S and NW-SE structures identified which Paterson Grant Watson (PGW) stated are often associated with mineralisation. Ankündigung • Jan 28
First Class Metals plc Announces Gold & Molybdenum Trend Identified on North Hemlo First Class Metals PLC provided an update on activities in respect to the North Hemlo property. HIGHLIGHTS: Identification of the Dead Otter Lake gold & molybdenum trend: Identification of a +3km long gold (Au) and molybdenum (Mo) anomalous trend to the southeast of the historic Dead Otter Lake occurrence. Grab samples recorded up to 19.6g/t Au along the trend. Sampling of the Dead Otter Lake trend (‘DOLT’) has extended anomalous Au/Mo mineralisation for +3km to the SE from the historic showing (3.7 g/t Au, 0.59% Mo). The mineralised structure closely mimics the granite contact. The 19.6 g/t Au sample, in the extreme SE of the trend could be where one of potentially two subparallel arcuate trends intersects the DOLT. The Dead Otter Lake area is situated 20.5km North of the iconic Barrick Hemlo 23m Oz Au producing mine. Drilling at the West Pickle Lake JV: Drilling at West Pickle Lake by Palladium One has demonstrated that the high-grade nickel-copper sulphide occurrence hold's potential to be extended both east towards their RJ showing as well as west onto or close to the 100% owned FCM North Hemlo property. This area will also be a focus for reconnaissance in the upcoming field season and is currently being explored via collection of lake sediment samples and grab samples. High-Definition Magnetic Survey: High-definition magnetic survey (HDMS) has shown that there are additional linear anomalies which require further exploration throughout the property, especially where intersected by north-south and north west structures. The survey highlighted the structure hosting the DOLT, as well as other potentially interesting features such as the extension of the Dotted Lake mineralised zone. The intersections of the N-S and NW-SE structures in the central north area are veritable exploration targets as are the structures paralleling the DOLT in the south. Winter Exploration Activities: In January 52 Lake sediment samples and 8 rock samples have been collected to date as part of the Winter exploration programme on North Hemlo currently focussed in the north central sector but which will continue to the south as well as on other properties thereafter. During the exploration season of 2022 there were significant anomalous samples reported from Olga Lake on the Dotted Lake /Fairservice trend, proving the viability of this exploration method in the Hemlo area. First Class Metals is extremely excited about the DOLT 'discovery' an enthusiasm shared by Bruce MacLachlan, head of Emerald Geological Services1 (FCM geological lead) who commentedthat to the best of his understanding ‘this is one of the highest grab sample results ever recorded on the Hemlo north limb.’ Further work including reconnaissance and detailed sampling is required in order to define the trend as well as the potential and role that the 'subparallel' trends play in the mineralisation. Exploration on the remainder of the claim area is ongoing and this field season will see a focus not only on the DOLT but also the area around the anomalous lake sediment samples reported and anticipated. This area is exciting as it is on strike from not only interesting magnetic features evidenced by the (HDMS) but also the interpreted extension of the Fairservice showing to the SW. Future work in 2023 will focus on: Dead Otter Lake trend and potential subparallel structures highlighted in soil samples; West Pickle Lake extension on to 100% owned FCM area of North Hemlo; Extension of the Dotted Lake /Fairservice structure; Other areas with potentially mineralised structures identified by the high-definition magnetic survey; Completion of the exploration Permit process Background: Historic exploration and to an extent contemporary data was limited and sporadic across the property, however, the pre field season deep review of the historic data did reveal that some encouraging 'showings', exist on the property or on structures interpreted to continue to the property, including Dotted Lake, Dead Otter Lake as well as theWest Pickle Lake on Pezim II. The historic 'showings' identified on North Hemlo as well as the vectors from successful of exploration on neighbouring properties highlighted the potential for discovery of both gold and base metals and were what drove the exploration effort in the 2022 field season. The most important historical showing is the gold /molybdenum showing at Dead Otter Lake. The North Hemlo property historically comprised of three claim areas: Pezim I & II, and Wabikoba, which weren't contiguous, but the additional of the Hemlo north block, acquired from Power Metals Plc. brought North Hemlo together as one cohesive block. The property now extends across 427 claims covering ~90km². The North Hemlo block is located in the north limb of the Hemlo greenstone belt, the comprising volcano-sedimentary rocks occur in an antiformal pattern, mimicking the 'southern limb' hosting the Barrick Hemlo gold mine. Three parallel mineralised trends, potentially occupying shears, have been identified north of the Barrick Hemlo gold trend, interpreted as lying within proximity to magnetic anomalies. This is a similar signature to the Hemlo mine which is defined as 'shear hosted'. Ankündigung • Jan 18
First Class Metals PLC Announces an Operational Update for the Enable Project, West of Marathon, Ontario First Class Metals PLC announced an operational update for the Enable Project, west of Marathon, Ontario. First Class Metals is now in receipt of the first assay results from the 2022 field campaign and accordingly provides an operational update initially for Enable, which includes the announcement of a new gold showing now defined on the property. This is the first in a series of releases which will report the success of the field season activities for 2022 across the six properties worked upon. All field work was carried out under stewardship of Emerald Geological Services (EGS), led by their principal Bruce MacLachlan. The Enable 41 claims blocks, covering 16.4km², are dissected by an important geological feature striking north east to south west which can be traced off property to historical showings. The contact between the Terrace Bay batholith (to the southeast) and the mafic volcanics and iron formation, which have been intruded by quartz-feldspar porphyry dykes related to the batholith (to the northwest), is an important, mineralised geological feature of district scale. There are numerous showings located in the surrounding claims. 30 plus gold occurrences in the district are associated with this contact. The contact between the mafic rocks and the Terrace Bay batholith is the main vector of interest regarding this property.Less than 2 kilometres off property along this contact are the historic samples of the Acker G Vein (believed to be located at the Hays Lake showing with 9.64g/t Au and 20g/t Ag) in a 3-metre-wide shear zone which trends north east, and may extend onto the Enable property. Also, to the south west is the 'Joa Walton' occurrence with 192.7g/t Au and 401g/t Ag. Again, this important trend when extrapolated across the property contains the historic Perch Lake West showing with a reported 1.85g/t rock chip sample. All these known gold occurrences and the presence of historical gold on the property are substantive evidence to support the inferred continuation of the mineralised geological structure/contact through the Enable claim block. This is a very positive encouragement for its potential to report further gold assays in the future. Over two field visits to the property, reconnaissance identified several quartz veins and over 80 rock samples were collected. The assays received have not only confirmed and enhanced the West Perch Lake showing but identified a new area of quartz veining containing gold values in excess of 7ppm, see Photo 1. Several samples returned anomalous to significant silver values. The higher silver values are associated with the elevated gold assays, for example Sample 697926 containing 83ppm Ag, and in a separate sample 5.2ppm Au also reported 57ppm Ag. Further work is planned for the upcoming Field season, including soil lines and continued reconnaissance along the inferred contact. Meanwhile a programme of lake sediment sampling has been initiated. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CEO & Executive Director Marc Sale was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
