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First Class Metals PLC
- LSE:FCM
- OTC:FCMXF
First Class Metals reports 2026 exploration progress across Ontario properties
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At a glance
- Company
- First Class Metals PLC
- Listings
- LSE:FCM, OTC:FCMXF
- Announcement type
- Exploration results
- Published
- Source announcement
- investegate.co.uk
| Measure | Figure |
|---|---|
| Visible gold identified in a grab sample | approximately 1,100m northeast of the Roy shafts |
| VLF survey | 33-line km |
Figures are quoted from this announcement and selected automatically.
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Announcement Summary
First Class Metals PLC reported exploration progress across its Ontario properties during the 2026 field season.
- Visible gold was identified in a grab sample approximately 1,100m northeast of the Roy shafts; the sample was submitted for assay.
- At Pettigrew, sampling, mapping, VLF and soil surveys are complete; FCM proposes an initial drill program of approximately 1,000m, with assays awaited.
- At Roy, the VLF survey extended by 18.4 line-km and 156 additional soil samples were collected; interpretation and assays are pending.
- Rosor Exploration is conducting a 54.33 km² magnetic, radiometric and LiDAR survey; FCM signed a non-binding LOI for Project Field-to-Insight.
- An Exploration permit granted by the Ministry of Mines allows clearing, stripping and drilling at Roy and Pettigrew; it is valid for three years.
- FCM received $132,972.76 from the Ontario government through the Ontario Junior Exploration Program grant.
Field programs at Esa and Coco East were completed, with assays awaited. Prospecting began at Scotch Lake and Pathfinder, while FCM says the Kerrs resource update remains ongoing and will be announced when concluded.
Investor FAQs
First Class Metals PLC announced an exploration update covering its 2026 field season activities across properties in Ontario, Canada. The update included visible gold identified northeast of the Roy shafts, progress at Pettigrew and Roy, the ongoing Sunbeam drone survey, work at Esa, Coco East and the REE properties, OJEP grant funding and progress on the Kerrs Gold resource review.
First Class Metals PLC published the exploration update on 05 October 2026. The announcement covers exploration activities and developments during the 2026 field season.
First Class Metals PLC is a UK listed company focused on the discovery of economic metal deposits across exploration properties in Ontario, Canada. The company says it focuses on gold exploration while also holding base metals and critical metals exploration projects.
First Class Metals PLC says it listed on the LSE in July 2022. The source does not identify an additional listing venue or provide a separate ticker symbol.
First Class Metals PLC reported visible gold in a grab sample approximately 1,100m northeast of the Roy shafts. The sample was collected while prospecting a gold and lead soil anomaly near an interpreted structural intersection identified from LiDAR data, and it has been submitted for assay.
First Class Metals PLC said that infill channel sampling, Phase 1 structural mapping, and Very Low Frequency and soil sampling surveys at Pettigrew have been completed. The VLF survey identified a strong conductor coincident with the Pettigrew lineament, while assay results from channel and soil sampling were still awaited.
First Class Metals PLC said the geological interpretation at Pettigrew provides the basis for a proposed initial drill programme of approximately 1,000m. The detailed announcement also describes the programme as a short drill programme, circa 1,000m, based on recent geological mapping and structural interpretation.
First Class Metals PLC said its Pettigrew soil survey collected 431 soil samples and that 58.95m of channels were cut, producing 93 samples. The samples had been sent to the laboratory in Thunder Bay, with assays awaited.
First Class Metals PLC extended the original Roy VLF survey grid of 22.7 line-km by a further 18.4 line-km to the northeast. The company also collected a further 156 soil samples over 13 lines, taking the VLF and soil sampling coverage to almost 5km of strike from the Roy shafts, with assays awaited.
First Class Metals PLC said Rosor Exploration is undertaking a magnetic, radiometric and LiDAR survey covering 54.33 km² within Block A of the Sunbeam property. First Class Metals PLC has also signed a non-binding letter of intent to participate in Rosor's Project Field-to-Insight, using Sunbeam survey data to evaluate AI-enabled processing and geological interpretation.
First Class Metals PLC said an exploration permit application lodged with the Ministry of Mines was confirmed as granted. The permit allows baseline clearing at Roy and Pettigrew, stripping at a number of locations and drilling on the Roy and Pettigrew lineaments and their extensions; it is valid for three years.
First Class Metals PLC said field programmes at Esa and Coco East were completed, with assays awaited, while prospecting had started at its Scotch Lake and Pathfinder REE properties. The company also said VLF data from four North Hemlo survey grids was being reprocessed and interpreted to help prioritise the next phase of fieldwork.
First Class Metals PLC said it received $132,972.76 from the Ontario government after being notified of a successful OJEP grant in March 2026. The company described the funds as a non-dilutive addition to its exploration budget.
First Class Metals PLC said the Kerrs Gold resource update is ongoing and making positive progress. The company said it will announce the update when it is concluded.
CEO Marc J. Sale said the company believes it has a robust hypothesis to support drilling targets at Pettigrew and assist further drill planning at Roy. He also said First Class Metals PLC was awaiting assay results from work across the portfolio, including the visible gold discovered northeast of the Roy shaft, while noting that the Sunbeam AI collaboration is intended to assess whether automated processing and AI-assisted interpretation can accelerate target identification and prioritisation.
Source announcement
- Company
- First Class Metals PLC
- Title
- Exploration Update, 2026 field season activities
- Published
- Source site
- investegate.co.uk
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