We are delighted to publish this first issue of the First Class Metals’ monthly newsletter; First Class Focus. Each month First Class Focus will bring you a roundup of project updates, gold price insights and the latest company news that we think you’ll want to know.
Exploration update: Sunbeam property progress strengthens discovery potential
First Class Metals PLC (LSE: FCM) is pleased to provide an update on its 2025 exploration programme at the Sunbeam Gold Property in Ontario, Canada. The latest results continue to underline the district-scale potential of this highly strategic and historically productive asset.
Why Sunbeam matters
- Situated just 15km from Agnico Eagle’s 3.3Moz Hammond Reef deposit
- Surrounded by Agnico Eagle land on both sides
- Spans over 88km² in a proven gold district
- Excellent road access and infrastructure
- Hosts 3 historic gold zones with visible mineralisation
Latest exploration highlights
- ✅ 500+ A-horizon soil samples collected over 4km of the Roy structure — assays pending
- ✅ VLF-magnetic survey completed across 192 stations (3.8km) — data under interpretation
- ✅ Historic B43 shaft rediscovered with visible copper (chalcopyrite) and lead (galena) mineralisation
- ✅ Structural review by Prof. Mary Louise Hill confirms similarities between Roy and Hammond Reef
- ✅ LiDAR terrain mapping underway to refine geological models
- ✅ 4th consecutive OJEP grant application submitted, aiming to accelerate next-phase work
The Roy structure: drilling on the horizon?
The Roy trend, now traced over 10km, is emerging as a priority drill target with historic shafts, consistent geophysical signals, and expert structural validation. Soil results and ongoing data interpretation will help guide any next steps in association with the next structural review.
Marc J. Sale, CEO, commented:
“The Roy structure continues to demonstrate significant potential. With new geological insights, strong geochemical support and ongoing geophysics, we are honing in on high-priority targets. Our OJEP grant application reflects our confidence in fast-tracking this exciting project.”
Investor takeaway
Sunbeam’s combination of strategic location, encouraging fieldwork, and historical gold workings positions it as one of FCM’s most compelling assets. As assay results and structural modelling progress, investors can expect increasing clarity on drill plans and long-term development potential.
Click here for the full technical update and project maps
Where opportunity starts: Why rising gold prices fuel FCM’s discovery drive
Gold surged 26% in the first half of 2025, reaching $3,348/oz, with JP Morgan and Goldman Sachs now projecting prices as high as $3,700 by year-end and some analysts are pointing to $4,000/oz within 18 months. Global investor demand is up 38%, driven by persistent inflation and economic uncertainty.
For First Class Metals, this creates a powerful backdrop. As a junior explorer operating across Canada’s highly prospective but underexplored greenstone belts, we offer more than market exposure, we offer leverage to discovery. Our model focuses on identifying high-potential assets, developing them efficiently, and unlocking value through strategic partnerships or transactions.
With gold continuing to hit record highs, smart capital is looking beyond bullion and toward companies like FCM, where opportunity truly begins.
Source: Will gold prices break $4,000/oz in 2026? JP Morgan
First Class Metals on the road: Save the date!
As part of our continued commitment to transparency and shareholder engagement, First Class Metals will be attending Resourcing Tomorrow in London from 2nd to 4th December.
The event is a great opportunity to hear the latest updates, ask questions and meet the team behind all our exploration efforts.
In the lead-up to the event, our CEO, Marc Sale, will be on site in Canada to meet with our geophysicists and our technical team following the recent exploration programme. Updates from our Sunbeam and North Hemlo projects will feed directly into all our discussions at the event, as we will showcase the progress and potential of our portfolio. We also look forward to hearing from our industry peers and expert presenters as we continue to position First Class Metals at the forefront of discovery in Ontario.
In the spotlight
First Class Metals remains in the spotlight, with regular features across industry and financial media. Catch up on the latest coverage by following the links below:
LSE:FCM – MoneyIQ – Pioneering Tokenised Mining: First Class Metals & Valereum Lead the Way Money IQ – 14th July 2025
LSE:FCM – The Market Bull – First Class Metals eyes discovery potential at Sunbeam Property Market Bull – 23rd July 2025
LSE:FCM – Out of the ground podcast – First Class Metals company review Out of the Ground podcast – 23rd July 2025
Want to know about the First Class Metals’ and our Canadian mineral exploration projects? Then sign up today and receive all our updates straight to your inbox.
