Flynn Gold Ltd · ASX:FG1
Flynn Gold — Investor Presentation (October 2021)
25 slides from Flynn Gold's investor presentation, Oct 19, 2021
Slide 1: Investor Update – October 2021
INVESTOR UPDATE – October 2021 Exploring for gold in two emerging districts – Northeast Tasmania and WA’s Pilbara region
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This document is issued by Flynn Gold Limited (“Flynn Gold”) to provide summary information about Flynn Gold and its associated entities and their activities current as at the date of this document. The information contained in this document is of general background and
Slide 3: Project Portfolio
Project Portfolio Highlights ✓ Strategic position in two emerging gold districts ✓ High-grade gold intersected in drilling at flagship IRGS project ✓ Limited historical exploration ✓ Projects held 100% by Flynn Gold Pilbara Au, Li Northeast Tasmania • 7 granted tenements and 1 application • 1,334 km
Slide 4: Flynn Gold Corporate Information
Flynn Gold Corporate Information Capital Structure FG1 Shareholdings ASX Code FG1 Share price 15th October 2021 A$0.15 Colin Bourke & Assocs Cash 30 June 2021 $9.3m 32% Debt Nil PJ Davis & Shares on issue 95.1m Assocs 4% Market Cap at $0.15/sh $14.3m Other 54% Options1 3.0m Performance Rights2 1.18m
Slide 5: Board and Management
Board and Management • 4 decades with market leading big box hardware chain Bunnings Group, Management Clive Duncan including as COO and company director. Harvard Program for Chairman Management development, Finance program at London Business School Sean Westbrook and a Member of the Australian Inst
Slide 6: Tasmania – A Tier 1 Mining Jurisdiction
Tasmania – A Tier 1 Mining Jurisdiction “One of the most mineralised places on the planet” • Rich in diverse mineral resources and operating mines, including several world-renowned deposits • Quality operating and investment jurisdiction - Stable political and regulatory environment with government
Slide 7: Northeast Tasmania Gold
Northeast Tasmania Gold Northeast Tasmania: Under-explored Mathinna Beds geology and mineralisation – Geological analogy to the Victorian Goldfields Northeast Victoria Tasmania $185m1 Exploration Expenditure 2020/21 ~$14m1 82 Moz Historic Production 2.7 Moz 200 km Outcropping Zone 100 km ✓ Interpret
Slide 8: Northeast Tasmania Gold – Two Priority Targets
Northeast Tasmania Gold – Two Priority Targets Flynn Gold has a dominant position in the belt and early-mover advantage Golden Ridge Project Portland Gold Project • Bulk tonnage gold deposit • High-grade “Fosterville-style” target not previously gold mineralisation confirmed recognised • +30 km stri
Slide 9: Golden Ridge Brilliant Prospect – IRGS Target
Golden Ridge Brilliant Prospect – IRGS Target Broad gold intersections characteristic of IRGS style deposits at Brilliant prospect Golden Ridge Contact metamorphosed • Historical drilling only tested 150m of strike Granodiorite Mathinna Group • Potentially open in all directions • No drilling betwee
Slide 10: Golden Ridge Brilliant Prospect – High Grade Assays Confirm Visible Gold
Golden Ridge Brilliant Prospect – High Grade Assays Confirm Visible Gold • Diamond drilling program commenced April 2021 • Initial program targeting minimum 4,100m drilling • Infill and step out drilling program designed to: – Confirm historical gold grades – Test continuity of mineralisation Visibl
Slide 11: Brilliant Prospect – drill section A – A’
Brilliant Prospect – drill section A – A’ • Multiple high-grade structures within broader lower-grade envelope • Structural thickening of mineralisation • Deposit open in all directions (visible gold reported in BRDD006) From To Interval Au Drillhole ID m m m g/t BRDD0021 79.0 105.5 26.5 1.00 includ
Slide 12: Golden Ridge – IP Chargeability Identifies New Targets
Golden Ridge – IP Chargeability Identifies New Targets GAIP Geophysical Survey Completed • Strong coincidence of IP chargeability with soil anomalies • Significant IP chargeability anomalism in areas of no previous soil sampling coverage (“GRC-2”, “3” anomalies) • Ground-truthing of chargeability an
Slide 13: Portland Gold Project – Victorian-style Orogenic Gold
Portland Gold Project – Victorian-style Orogenic Gold Portland Gold Project • High-grade “Fosterville-style” gold mineralisation confirmed • +30 km strike potential of multiple exploration targets • Outcropping discovery at Windy Ridge (10m@5.3g/t Au) • Extensive As-in-soil anomalies • Govt co-funde
Slide 14: Portland Gold Project - Victorian ‘Slate Belt Style’ Orogenic Gold
Portland Gold Project - Victorian ‘Slate Belt Style’ Orogenic Gold • Comprises 3 adjacent tenements – Portland, Cameron, Telegraph • 5 north-south anticlinal trends identified in Portland-Cameron EL 18/2018 Telegraph • Combined prospective strike of approx. 38 km (but open undercover) • Rushy Lagoon
Slide 15: Portland Project – Exploration history
Portland Project – Exploration history1 1 All results reported in FG1 Prospectus • Historic goldfield 1870-1917, mining grades of 15-45 g/t Au • +30km prospective strike identified – Historical workings, magnetics and rocks, soils surveys completed • Highlights of previous shallow, wide-spaced drill
Slide 16: Portland Gold Project – Grand Flaneur Prospect
Portland Gold Project – Grand Flaneur Prospect • Anomalous gold in 5 out of 6 holes at shallow depths • Elevated gold throughout si-ser-ca altered and qtz-sulphide veined channel sand units • Associated As-Sb-Bi-Ag-Cu geochemistry • Gold hosted on east limb of gently plunging anticline associated wi
Slide 17: Portland Gold System – Comparison to Victorian gold districts
Portland Gold System – Comparison to Victorian gold districts 22 Moz 9 Moz 6 Moz District-Scale Geochem Dispersion Footprints Fosterville • As most mobile in near-surface Bendigo Castlemaine environment Chewton Portland • Multiple parallel trends – As-Sb-Au Wattle Gully • Other projects in FG1’s “Or
Slide 18: Cameron Sn Project
Cameron Sn Project Background • Historical alluvial and hardrock tin mining fields throughout NE Tasmania followed discovery in 1874 through to the mid-1900’s. Regional historical production of 70 Kt Sn, including 47 Kt from alluvial deposits (until 1960). • Most previous exploration focussed on all
Slide 19: Cameron Sn Project – Hardens Ravine – Star Hill prospects
Cameron Sn Project – Hardens Ravine – Star Hill prospects 19
Slide 20: Pilbara Gold, Western Australia
Pilbara Gold, Western Australia • 6 tenements and applications • 448 km2, 100% Flynn Gold (via PTR) Highlights • Emerging gold camp • Adjacent to Hemi discovery by DEG.ASX (Hemi results incl. 46m at 6.6g/t Au; DEG Mallina resource 2.2 Moz) • Modern gold rush 20
Slide 21: Pilbara Gold – Mt Dove
Pilbara Gold – Mt Dove Hemi Deposit (DEG.ASX) • 6.8 Moz Hemi resource discovered by DEG.ASX (plus DEG Mallina resource 2.2 Moz) • Announced 23 June 2021 Kairos Drilling (KAI.ASX) • Reconnaissance aircore drilling of Kangan anomaly recorded numerous pegmatite intersection and mafic intrusions • Assay
Slide 22: Exploration Timeline
Exploration Timeline Q2 2021 Feb 2018 Nov 2019 Feb 2020 Aug-Oct 2020 Oct 2020 Golden Ridge H1 2021 H2 2021 Soil sampling defines $2.6M private Covid-19 crisis Increase JV Con Notes Verification and Golden Ridge Portland Follow-up Windy Ridge prospect capital raise hits ownership % Financing Extensio
Slide 23: Mathew Watkins
Mathew Watkins Company Secretary +61 3 9692 7222 info@flynngold.com.au www.flynngold.com.au For more information, please contact us: ASX: FG1
Slide 24: Appendix: Henty Zinc Project
Appendix: Henty Zinc Project • Historical Zn belt • Previous exploration provides large data sets. Shallow historical drilling • Independent CSA Global report identifies 16 targets with potential for Irish style and intrusive-related deposits • Known mineralisation at Grieves, Myrtle, Oceana1, Austr
Slide 25: Appendix: Koolyanobbing Gold Project, Yilgarn WA
Appendix: Koolyanobbing Gold Project, Yilgarn WA • West Australian Yilgarn greenstone belts are prolific hosts to large gold, nickel and lithium deposits • Flynn has 9 tenement applications within the Marda-Diemals greenstone belt • Under-explored belt with excellent potential for gold, lithium and