Falcon Metals Ltd · ASX:FAL
Falcon Metals — Investor Presentation (July 2025)
32 slides from Falcon Metals's investor presentation, July 2025
Slide 1: Pursuing Major Discoveries
Pursuing Major Discoveries COMPANY PRESENTATION COMPANY PRESENTATION | 2025 | JULY JULY 2025 ASX : FAL ASX : 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 The distribution of this presentation to persons or in jurisdictions outside Australia may be restricted by law and current at
Slide 3: Falcon Project Portfolio
Falcon Project Portfolio Hawkstone Project JV Pyramid Hill Gold Project, VIC Errabiddy Gold Project, • Largest land position in the prospective Bendigo Zone Gold WA Province • Earn-in to 70% plus 100% owned Errabiddy Project JV • HIGH-GRADE INTERSECTIONS tenure AT THE BLUE MOON PROSPECT • Cratonic m
Slide 4: Corporate Overview
Corporate Overview Top Shareholders Capital Structure and Financials 9.0% 7.1% 2.9% A$0.445 177M 17.2M Share Price Shares Options (14 July 2025) on Issue 81.0% A$8.3M Nil A$78.8M Cash Debt Market Cap Tim Goyder Franklin Templeton Board & Management Other (31 Mar 2025) (@ $0.445) 4 COMPANY PRESENTATI
Slide 5: Directors & Management
Directors & Management 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 As Managing Dir
Slide 6: Blue Moon Prospect
Blue Moon Prospect Gold, VIC First wedge hole hits 1.2m at 543g/t Au The Pyramid Hill Gold Project areas occur on Dja Dja Wurrung, Taungurung and Yorta Yorta land. Falcon acknowledges their ongoing connection to the land and pay our respect to them, their culture and their elders, past, present and
Slide 7: The Right Location
The Right Location World Class Gold Province • EL007839 granted mid-2023 • Located directly north of the 22 Moz Bendigo Goldfield, famous for its high-grade reef style free-milling gold since its discovery in 1851 • Completed 18-month review of all historical data and exploration records, with 3D re
Slide 8: Eight Priority Target Zones
Eight Priority Target Zones Target Generation in World Class Goldfield • Garden Gully anticline trend historically the most productive in the goldfield (~5.2Moz @ 15g/t Au1,2) • Mine workings closest to the tenement boundary enabled accurate mapping of the anticline hinge for targeting • Falcon’s dr
Slide 9: Blue Moon – Diamond Drilling
Blue Moon – Diamond Drilling Observations from both Bendigo, Ballarat and Fosterville suggest that there is a strong plunge component to the high-grade mineralisation in Central Victoria which had not been adequately tested at the Blue Moon target area 9 COMPANY PRESENTATION | JULY 2025
Slide 10: Blue Moon – Diamond Drilling
Blue Moon – Diamond Drilling Long section at Blue Moon showing the deeper mineralised zones intersected in the first hole are located exactly where predicted in the interpreted down-plunge position from the historical Garden Gully mine workings 10 COMPANY PRESENTATION | JULY 2025
Slide 11: Positive Results
Positive Results Drill Results & Future Plans • Positive results from parent hole BMDD001: 2.2m @ 6.5 g/t Au from 41.2m; incl. • 0.3m @ 39.2 g/t Au from 41.2m 2.4m @ 8.4 g/t Au from 600m; incl. • 0.3m @ 48.7 g/t Au from 600m; and • 0.3m @ 18.2 g/t Au from 602.1m • First Wedge hole BMDD001W1 intersec
Slide 12: Positive Results
Positive Results Cross sections Schematic cross section showing quartz-gold Cross section at Blue Moon Magnified view of the wedge hole BMDD001W1 reef geometries at Bendigo looking north with assays, target zones and planned trace of (modified Dominy et al., 2003) proposed wedge 12 COMPANY PRESENTAT
Slide 13: Visible Results
Visible Results Drill Core in BMDD001W1 Photo of core tray of the mineralised zone T552 in BMDD001W1 (5m up-dip from BMDD001) from 544.2m to 545.4m with visible gold zones in orange polygons Photo of core tray of T552 in parent hole BMDD001 that returned low-level anomalism in an identified structur
Slide 14: Pyramid Hill Project
Pyramid Hill Project Gold, VIC Multiple mineralised zones discovered The project areas occur on Dja Dja Wurrung, Taungurung and Yorta Yorta land. Falcon acknowledge their ongoing connection to the land and pay our respect to them, their culture and their elders, past, present and emerging. 14 COMPAN
Slide 15: The Opportunity
The Opportunity Screening undercover program well advanced • Over 200,000m of aircore drilled at Pyramid Hill • Over 150km of strike length of prospective structures being targeted • Rationalisation of tenure as reconnaissance drilling progresses • Regional screening continues to generate multiple g
Slide 16: Regional Target
Regional Target Large scale regional target emerging at Loddon Vale • Located 20km south of Kerang • Several north-northwest parallel zones are developing at Loddon Vale, similar to: • Falcon’s Karri Prospect; • The Four Eagles discovery (ASX: CYL); and • The Bendigo Goldfield • Next phase of drilli
Slide 17: Farrelly Deposit
Farrelly Deposit Mineral Sands, VIC High-grade mineral sands discovery The Farrelly Mineral Sands Project areas occur 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, present and emerging. 17 COMPANY
Slide 18: An introduction to Mineral Sands
An introduction to Mineral Sands Zircon Titanium Minerals Monazite A Zirconium silicate mineral Titanium oxides including Phosphate mineral What are they? Ilmenite, Rutile and with high Rare Earth Leucoxene Element (REE) content Other Other What are they Zr used for? TiO2 REE Source: www.arultd.com/
Slide 19: Victoria – Open for Business
Victoria – Open for Business Critical Minerals Roadmap – Generational Opportunity for Victoria • Victorian Government published the Roadmap in December 2024 – focused on supporting the emerging industry and building community confidence • In recent months, critical mineral projects have seen signifi
Slide 20: High-grade Mineral Sands Discovery
High-grade Mineral Sands Discovery Underexplored world class minerals province • Victoria’s Murray Basin hosts several major mineral sands projects with associated Critical Minerals including Rare Earth Elements (REE) at advanced stages of development • Several of these are adjacent to Falcon’s nort
Slide 21: Farrelly Mineral Sands Deposit
Farrelly Mineral Sands Deposit Shallow high-grade discovery • Of 91 holes announced in May 2024: • 33 holes contained intersections >10% THM • 11 holes contained intersections >20% THM • Thick continuous zone of high-grade mineralisation defined over 1,200 x 600m • Open in several directions with so
Slide 22: Consistent Results
Consistent Results Shallow high-grade discovery • PHAC2062 26m @ 8.9% THM from 6m; including 5m @ 12.9% THM from 13m • PHAC2073 22m @ 9.2% THM from 8m, including 12m @ 15.1% THM from 16m; that also includes 3m @ 20.3% THM from 21m • PHAC2064 20m @ 9.0% THM from 10m; including 9m @ 14.9% THM from 17m
Slide 23: Farrelly Deposit Cross Section
Farrelly Deposit Cross Section 23 COMPANY PRESENTATION | JULY 2025
Slide 24: High recoveries of zircon, ilmenite, rutile and monazite
High recoveries of zircon, ilmenite, rutile and monazite Positive Sighter tests • Preliminary metallurgical assessment completed on ~65kg bulk sample in August 2024 grading ~12.2% THM: • Heavy mineral concentrate (HMC) produced from conventional processing methods • High recoveries of zircon, ilmeni
Slide 25: Errabiddy Gold Project
Errabiddy Gold Project Gold and Base Metals, WA Gold and base metals targets This Errabiddy Gold Project area occurs on Wajarri Yamatji land. Falcon acknowledges their ongoing connection to the land and pay our respect to them, their culture and their elders, past, present and emerging. 25 COMPANY P
Slide 26: Errabiddy Project JV
Errabiddy Project JV Falcon Earning up to 70% of Craton Margin Gold Project • Located 220km northwest of Meekatharra • Situated in the Errabiddy shear zone on the north-western margin of the Yilgarn Craton • Similar structural setting to the 5.4Moz1 Tropicana Gold Mine • Advanced Olsen Well gold tar
Slide 27: Olsen Well Gold Target
Olsen Well Gold Target 3km long soil anomaly, open along strike • Initial phase of confirmatory soil sampling planned for Olsen Well in Q3 2025 with follow-up drilling based on results INSET A – Olsen Well Target INSET A • Errabiddy is considered highly prospective and remains underexplored with no
Slide 28: Investment Highlights
Falcon Metals Investment Highlights 1• Highly decorated team with a history of ‘company making’ discoveries (Julimar, Nova-Bollinger, Thunderbox, Waterloo) 2• High-grade results in first hole at Blue Moon, directly north of 22 Moz Bendigo Goldfield with drilling continuing 3• Regional scale gold tar
Slide 29: Falcon Metals Limited Investor Relations
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
Slide 30: Appendix: Farrelly Deposit
Appendix Farrelly Deposit Mineral Sands, VIC 30 COMPANY PRESENTATION | JULY 2025
Slide 31: Victorian Murray Basin Mineral Sands Deposits
Victorian Murray Basin Mineral Sands Deposits Published JORC Resources and Reserves In Situ Company - Deposit Mt THM% Zr. Ru. Leu. Ilm. Mnz. Xen. VHM%7 VHM%8 Indicated 130 2.0% 24% 9% 10% 22% 4% 0.4% 69% 1.4% ACDC Metals - Inferred 498 1.9% 24% 9% 13% 23% 4% 0.5% 74% 1.4% Goschen Central1 Total 628
Slide 32: Mineral Sands
Mineral Sands Farrelly Deposit – potentially high-value mineral suite • Preliminary mineralogical assessment via select grain counting and high-level sachet scanning shows potential high-value mineral sands suite with encouraging levels of zircon, rutile and ilmenite Sachet Scanning Results for Mine