Falcon Metals Ltd · ASX:FAL
Falcon Metals — RIU Sydney Resources Round-up (May 2023)
20 slides from Falcon Metals's conference presentation, May 9, 2023
Slide 1: Pursuing major gold discoveries in Victoria
For personal use only Gold panned from PHAC1030 – 51-52m RIU Sydney Resources Round-up Pursuing major gold discoveries in Victoria COMPANY PRESENTATION | MAY 2023 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 An investment in the Company's securities is subject to known and unknown risks, many of which are beyond the background information only which is current at the d
Slide 3: Falcon Project Portfolio
Falcon Project Portfolio Pyramid Hill Gold Project, VIC For personal use only • The largest land position in the prospective Bendigo Zone • Major AC drilling program underway, >60,000m completed • High-grade trend at Ironbark East, plus several new >1km long trends identified Viking Gold Project, WA
Slide 4: Corporate Overview
For personal use only Corporate Overview Top Shareholders Capital Structure and Financials 7.9% 7.1% 6.6% A$0.35 177M 12.3M Share Price Shares Options 2.0% (2 May 2023) on Issue 75.9% A$20.6M Nil A$62M Cash Debt Market Cap Tim Goyder (31 Mar 2023) (@ $0.35) Franklin Templeton The Goldman Sachs Group
Slide 5: Directors & Management
For personal use only Directors & Management DR MARK TIM ALEX PRADEEP DOUG BENNETT MARKWELL DORSCH SUBRAMANIAM WINZAR Non-Executive Chairman Managing Director Non-Executive Director Chief Financial Officer Exploration Manager 30+ years’ experience in gold 25+ years’ experience in gold Managing Direc
Slide 6: Pyramid Hill Gold Project, VIC
For personal use only Project Pyramid Hill Gold Project, VIC High-grade trend >500m at Ironbark East The project areas occur on the 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, p
Slide 7: The Opportunity
The Opportunity Underexplored world class, high- grade gold province beneath cover For personal use only • 60Moz gold produced since 1850’s from outcropping South Bendigo Zone, at an average grade of ~15g/t Au1 • 90% of mines had a recovered grade of >8.5g/t Au1 • 32Moz Au (P50 mid case) of undiscov
Slide 8: The Opportunity: Fosterville – ultra high-grade
The Opportunity Fosterville – ultra high-grade For personal use only • Grade gradually increased with depth from 2012-2016 • Discovery of Swan Zone in 2017 led to massive grade increase with highlights including 8.8m @ 991g/t incl. 0.95m @ 9,115g/t1 • Reserve increased to 2.7Moz @ 31g/t2 in 2018 wit
Slide 9: Ironbark Prospect – Multiple Diorites
Ironbark Prospect Ironbark – Multiple Diorites For personal use only • Initial focus was prominent magnetic highs with overlying gold in soil anomalies • Aircore drilling intersected primary gold mineralisation in diorites • Several analogous high-grade diorite- associated gold deposits in Eastern V
Slide 10: Ironbark East High-grade Trend
Ironbark Prospect Ironbark East High-grade Trend For personal use only • Ironbark East drilling announced 14 February 2023: – 12m @ 6.18g/t Au from 74m; including – 4m @ 17.7g/t Au from 77m; that includes – 1m @ 52.9g/t Au from 77m – 7m @ 2.93g/t Au from 60m; including – 2m @ 9.39g/t Au from 61m; th
Slide 11: Wandoo
Wandoo >1km long trend For personal use only • Located 20km west of 22Moz Bendigo goldfield • Highest priority target from benchmarking of first pass regional drilling against other prospects at the same stage • Infill aircore drilling in April 2023 (140m x 800m spacing) defined >1km trend with best
Slide 12: Banksia
Banksia Trends up to >3.5km long identified For personal use only • Two anomalous trends of 3.5km and 1.5km long identified - both open along strike • Several wide zones of primary mineralisation intersected including: – 24m @ 0.44g/t Au from 62m • Potential for some contamination from gold-bearing
Slide 13: Next Steps – Targeted Drilling & Pipeline Generation
Next Steps – Targeted Drilling & Pipeline Generation Exploration focused on finding major deposits For personal use only • Drilling ongoing and results awaited: – Ironbark – Wandoo – Banksia • Regional Exploration - Two-pronged regional exploration plan developed for areas within the Bendigo Zone: –
Slide 14: 2023 Project Timeline
For personal use only 2023 Project Timeline Exploration Q1 Q2 Q3 Q4 Timeline JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Aircore drilling - Ironbark, Wandoo & regional Drilling PYRAMID HILL Soil sampling, land access & review recommences Diamond drilling Q1 Project review, heritage survey and la
Slide 15: Investment Highlights
Falcon Metals Investment Highlights For personal use only • Highly decorated team with a history of ‘company making’ discoveries (Julimar, Nova-Bollinger, Thunderbox, Waterloo) • >5,000km2 holding in one of the world’s most exciting high-grade gold regions • Major drilling program underway at Pyrami
Slide 16: Falcon Metals Limited Investor Relations
For personal use only Falcon Metals Limited Investor Relations Suite 6, Level 6, 350 Collins St, Melbourne VIC 3000 Victoria Humphries PO Box 106 Flinders Lane VIC 8009 T +61 3 8648 6684 T +61 3 8648 6684 E tmarkwell@falconmetals.com.au E victoria@nwrcommunications.com.au W falconmetals.com.au ASX :
Slide 17: Appendix A: WA Projects
For personal use only Appendix A WA Projects Active work program for 2023 The project areas occur on the Ngadju and Marlinyu Ghoorlie land. Falcon acknowledge their ongoing connection to the land and pay our respect to them, their culture and their elders, past, present and emerging. 17 COMPANY PRES
Slide 18: Viking Project
Viking Project Advanced gold project near Norseman For personal use only • Located 30km ESE of Norseman within the high-grade metamorphic Albany-Fraser province • AngloGold discovery in 2011 – numerous shallow high-grade intercepts in oxide zone with limited follow-up1 • Falcon recently earned a 51%
Slide 19: Viking Project – New exploration target zone
Viking Project New exploration target zone to the northeast For personal use only • Shear zone to northeast of Beaker 2 - a new target zone • Previous exploration ineffective due to increased depth of cover • Likely to continue into Falcon 100% owned application (E63/1994) • Opens up potential 10km
Slide 20: Mt Jackson Project
Mt Jackson Project Untested greenstone with surface gold and pathfinder For personal use only geochemical response • 100% owned, underexplored northern end of the Southern Cross greenstone belt where it converges with the regional Koolyanobbing Shear Zone • Southern Cross Greenstone Belt has a long
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