Falcon Metals Ltd · ASX:FAL
Falcon Metals — Precious Metals Summit Zurich 2026
20 slides from Falcon Metals's conference presentation, Nov 10, 2026
Slide 1: Precious Metals Summit Zurich - Once in a Blue Moon
rsonal use only Precious Metals Summit Zurich ONCE IN A BLUE MOON First modern testing of Bendigo’s northern extension COMPANY PRESENTATION COMPANY PRESENTATION | NOVEMBER | NOVEMBER 2026 2026 ASX :ASX FAL: FAL
Slide 2: Important Notice and Disclaimers
Important Notice and Disclaimers This presentation has been prepared by Falcon Metals Ltd ACN 651 893 097 (Company). It contains general background information only which is No party other than the Company has authorised, permitted or caused the issue, submission, dispatch or provision of this prese
Slide 3: Falcon Project Portfolio
Falcon Project Portfolio Pyramid Hill Gold Project, VIC rsonal use only • Largest land position in the prospective Bendigo Zone Errabiddy Gold Project, • Regional scale gold targets WA emerging, including emerging Corfu Errabiddy Project JV Reef prospect • Earn-in to 70% plus 100% owned tenure Pyram
Slide 4: Corporate Overview
Corporate Overview Top Shareholders Capital Structure and Financials 9.0% rsonal use only 8.9% 6.2% A$0.43 264.0M 15.7M Share Price Shares Options (9 Nov 2026) on Issue 16.2% 56.7% 3.0% ~A$38.1M Nil A$113.5M Unaudited Cash Debt Market Cap (30 September 2026) (@ $0.43) TOP 20 OWN ~51% 4 COMPANY PRESE
Slide 5: Directors & Management
Directors & Management rsonal use only DR MARK TIM ALEX KATINA PRADEEP DOUG BENNETT MARKWELL DORSCH LAW SUBRAMANIAM WINZAR Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Chief Financial Officer Exploration Manager 30+ years’ experience in 30+ years’ experience in
Slide 6: Blue Moon Gold, VIC
Blue Moon rsonal use only Gold, VIC Northern Extension of Bendigo Goldfield Confirmed Blue Moon occurs on Dja Dja Wurrung land. Falcon acknowledges their ongoing connection to the land and pay our respect to them, their culture and their elders, past and present. 6 COMPANY PRESENTATION | NOVEMBER 20
Slide 7: Unearthing Blue Moon
Unearthing Blue Moon World Class Gold Province • The Bendigo Zone is home to several world class gold deposits rsonal use only including: • Bendigo Goldfield (22 Moz @ ~15 g/t Au) famous for its high- grade reef style free-milling gold since its discovery in 1851 • Fosterville Gold Mine with the Swa
Slide 8: Blue Moon - The Right Location
Blue Moon The Right Location • Bendigo Goldfield trends north rsonal use only • Falcon controls the down-plunge northern continuation: • 6km of strike extent to test • 3D reconstruction of underground workings shows historical mining of high- grade reefs stopped just short of Falcon tenure • Initial
Slide 9: Blue Moon – Diamond Drilling
Blue Moon – Diamond Drilling Confirmation Bendigo extends onto Blue Moon Permit rsonal use only Observations from Bendigo, Ballarat and Fosterville suggested there was a strong plunge component to the high-grade mineralisation in Central Victoria 9 COMPANY PRESENTATION | NOVEMBER 2026
Slide 10: Northern Extension of Bendigo Goldfield Confirmed
Northern Extension of Bendigo Goldfield Confirmed Extended 850m along strike on Garden Gully Line OPEN FOR >5km • Mineralised zones defined >850m rsonal use only at Garden Gully line • Five quartz zones intersected with visible gold • Classic Bendigo characteristics: • Multiple stacked reefs • Conti
Slide 11: 3D Fly Through
3D Fly Through Click here to view the Blue Moon fly-through rsonal use only 11 COMPANY PRESENTATION | NOVEMBER 2026
Slide 12: Multiple Target Zones
Multiple Target Zones Lotus Zone - Visible Gold on three sections tested Visible gold at 544.6m in Visible gold at 544.9m in Visible gold at 607.6m rsonal use only intercept 1.2m @ 543g/t Au intercept 1.2m @ 543g/t Au in intercept 2.75m @ 41.9g/t Au from 544.2m¹ from 544.2m from 605.3m² BMDD001W1 BM
Slide 13: Density Imaging of Core From BMDD001W1 Intercept
Density Imaging of Core From BMDD001W1 Intercept Click here to view the Blue Moon fly-through rsonal use only ¹See ASX Announcement dated 11 July 2025 “First wedge hole at Blue Moon hits 1.2m @ 543g/t Au” 13 COMPANY PRESENTATION | NOVEMBER 2026
Slide 14: Drilling Ramping up
Drilling Ramping up Blue Moon is Now a Scale Play • Drilling momentum: rsonal use only • 200m step-out drilling testing >2km strike at Garden Gully with two rigs • Third rig testing a new reef – Paddys Gully • Multiple drill pads approved • Approvals in progress for many more sites for expanded prog
Slide 15: Errabiddy Gold Project
Errabiddy Gold Project rsonal use only Gold, WA Potential high impact project in an emerging goldfield The Errabiddy Gold Project area occurs on Wajarri Yamaji land. Falcon acknowledges their ongoing connection to the land and pay our respect to them, their culture and their elders, past and present
Slide 16: Errabiddy Project JV
Errabiddy Project JV Large-scale Craton-Margin Gold Project • Located within the Errabiddy Shear Zone, on the northwestern margin of the Yilgarn Craton rsonal use only • Prospective for large craton-margin gold systems, including analogues such as: • Tropicana Gold Mine: 5 Moz¹ operated by AngloGold
Slide 17: Olsen Well Gold Target
Olsen Well Gold Target Maiden drilling confirms bedrock gold beneath a 5.8km soil anomaly • Large, previously undrilled gold target within rsonal use only Errabiddy • 5.8km long >10ppb gold-in-soil anomaly including two samples >1g/t gold • Rock-chip sampling returned up to 6.4g/t gold from bedrock
Slide 18: Olsen Well Maiden Drill Results
Olsen Well Maiden Drill Results Significant gold intersected in two holes ~240 m apart OWRC0007 rsonal use only OWRC0001 Further drilling planned for 2027, following receipt and interpretation of outstanding results 12m @ 2.8g/t Au and 16m @ 2.2g/t Au ~240m apart 18 COMPANY PRESENTATION | NOVEMBER 2
Slide 19: Falcon Metals Investment Highlights
Falcon Metals Investment Highlights rsonal use only 1 High-grade visible gold at Blue Moon confirms continuation of Bendigo Goldfield onto Falcon tenure, with multiple high-grade zones 2 Multiple parallel lines of reef identified at Blue Moon, with prospective structures remaining open over 6km to t
Slide 20: Falcon Metals Limited Investor Relations
rsonal use only Falcon Metals Limited Investor Relations Suite 6, Level 6, 350 Collins St, Melbourne VIC 3000 Ben Creagh PO Box 106 Flinders Lane VIC 8009 E benc@nwrcommunications.com.au T +61 3 8648 6684 E tmarkwell@falconmetals.com.au ASX : FAL W falconmetals.com.au