Falcon Metals Ltd · ASX:FAL
Falcon Metals — Bell Potter Unearthed 2026
19 slides from Falcon Metals's conference presentation, Feb 9, 2026
Slide 1: Once in a Blue Moon
BELL POTTER UNEARTHED 2026 ONCE IN A BLUE MOON High-grade gold in Bendigo COMPANY PRESENTATION COMPANY PRESENTATION | FEBRUARY | FEBRUARY 2026 2026 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 No party other than the Company has authorised, permitted or caused the issue, submission, dispatch or provision of this prese
Slide 3: Unearthing Blue Moon
Unearthing Blue Moon World Class Gold Province • The Bendigo Zone is home to two world class gold deposits: • Bendigo Goldfield (22 Moz @ ~15 g/t Au) famous for its high-grade reef style free-milling gold since its discovery in 1851; and • Fosterville Gold Mine with the Swan Zone (2.3 Moz @ 49.6 g/t
Slide 4: Corporate Overview
Corporate Overview Top Shareholders Capital Structure and Financials 9.0% 8.9% 8.1% A$0.77 212.6M 20.8M Share Price Shares Options 10.8% (5 Feb 2026) on Issue 60.2% 3.0% A$22.4M Nil A$163.7M Unaudited Cash Debt Market Cap (31 Dec 2025) (@ $0.685) TOP 20 OWN ~46% 4 COMPANY PRESENTATION | FEBRUARY 202
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
Blue Moon 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 | FEBRUARY 2026
Slide 7: Blue Moon – The Right Location
Blue Moon The Right Location • EL007839 surrounds the world class Bendigo Goldfield (22 Moz @ ~15 g/t Au) • Review of all data, with 3D reconstruction of the historical Bendigo workings, confirmed no previous modern exploration on the northern extension of the goldfield onto Falcon’s tenure • Focus
Slide 8: Blue Moon – Diamond Drilling
Blue Moon – Diamond Drilling Observations from Bendigo, Ballarat and Fosterville suggested there was a strong plunge component to the high-grade mineralisation in Central Victoria 8 COMPANY PRESENTATION | FEBRUARY 2026
Slide 9: Northern Extension of Bendigo Goldfield Confirmed
Northern Extension of Bendigo Goldfield Confirmed Extended 200m along strike 9 COMPANY PRESENTATION | FEBRUARY 2026
Slide 10: Wide Zone of Mineralised Quartz
Wide Zone of Mineralised Quartz Multiple Target Zones First Section Zoom in on First Section 200m Step-out Section 10 COMPANY PRESENTATION | FEBRUARY 2026
Slide 11: 3D Fly Through
3D Fly Through Click here to view the Blue Moon fly-through 11 COMPANY PRESENTATION | FEBRUARY 2026
Slide 12: Wide Zone of Mineralised Quartz
Wide Zone of Mineralised Quartz Multiple Target Zones BMDD001W1 – visible gold at 544.6m BMDD001W1 – visible gold at BMDD003 – visible gold at 607.6m in intercept 1.2m @ 543g/t Au from 544.9m in intercept 1.2m @ in intercept 2.75m @ 41.9g/t Au 544.2m¹ 543g/t Au from 544.2m from 605.3m² ¹See ASX Anno
Slide 13: Wide Zone of Mineralised Quartz
Wide Zone of Mineralised Quartz Multiple Target Zones BMDD001W6 - showing visible gold (red circles) and stylolites BMDD001W6 – visible gold at 832.7m in NQ core (blue arrows) in the NQ core (47.6mm diameter) from 832.7m to (47.6mm diameter) in intercept 6.5m @ 33g/t Au 832.9m in intercept 6.5m @ 33
Slide 14: Drilling Ramping up
Drilling Ramping up Seven new drill pads approved, two rigs drilling 24/7 • Approvals obtained to test >2km of strike extent on the Garden Gully line • Plan is initially to test 1km north of the initial parent hole, with 200m step out drilling including a parent and several wedges per section • All
Slide 15: 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. 15 COMPANY P
Slide 16: 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 • 35km SE of Benz Mining’s Gle
Slide 17: Olsen Well Gold Target
Olsen Well Gold Target 5.8km long soil anomaly, open along strike • Errabiddy is considered highly prospective and remains underexplored with no previous drilling for gold conducted within the project tenure • Four consecutive soil samples on the same line >0.5 g/t gold that included two consecutive
Slide 18: 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 visible gold confirms continuation of Bendigo Goldfield onto Falcon tenure, with wedge intersections incl. 1.2m @ 543g/t Au, 6.5m
Slide 19: 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