Falcon Metals Ltd · ASX:FAL
Falcon Metals — Investor Presentation (June 2024)
33 slides from Falcon Metals's investor presentation, Jun 20, 2024
Slide 1: Pursuing major discoveries
For personal use only NWR Communications Melbourne Resources Lunch Pursuing major discoveries COMPANY PRESENTATION COMPANY PRESENTATION | 2024 | JUNE JUNE 2024 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 An investment in the Company's securities is subject to known and unknown risks, many of which are beyond the control of the C
Slide 3: Falcon Project Portfolio
Falcon Project Portfolio Pyramid Hill Project, VIC Hawkstone Project JV • The largest land position in the prospective Bendigo Zone and Murray Basin Mineral Sands Province For personal use only • High-grade mineral sands discovery at the Farrelly Prospect • Major gold aircore drilling program recent
Slide 4: Corporate Overview
Corporate Overview Top Shareholders Capital Structure and Financials For personal use only A$0.25 177M 17.4M Share Price Shares Options (19 June 2024) on Issue A$13.7M Nil A$44.3M Cash Debt Market Cap (31 Mar 2024) (@ $0.25) 4 COMPANY PRESENTATION | JUNE 2024
Slide 5: Directors & Management
For personal use only 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 25+ years’ experie
Slide 6: Pyramid Hill Opportunity
Pyramid Hill Opportunity Underexplored world class minerals province • Falcon has >7,000km2 ground holding located mostly in the Bendigo Zone • Bendigo is famous for its high-grade gold mining history: For personal use only • 60Moz gold produced since 1850’s from outcropping South Bendigo Zone, at a
Slide 7: Murray Basin – Mineral Sands
Murray Basin – Mineral Sands Underexplored World Class Minerals Province • Falcon has >7,000km2 ground holding located mostly in the Bendigo Zone • Bendigo is famous for its high-grade gold mining history: For personal use only • 60Moz gold produced since 1850’s from outcropping South Bendigo Zone,
Slide 8: The Opportunity
The Opportunity Underexplored world class minerals province 1 1 • Falcon has >7,000km2 ground holding located mostly in the Bendigo Zone • Bendigo is famous for its high-grade gold mining history: For personal use only • 60Moz gold produced since 1850’s from outcropping South Bendigo Zone, at an ave
Slide 9: Farrelly Prospect
Farrelly Prospect For personal use only Mineral Sands, VIC High-grade mineral sands discovery The project areas occur on Dja Dja Wurrung land. Falcon acknowledge their ongoing connection to the land and pay our respect to them, their culture and their elders, past, present and emerging. 9 COMPANY PR
Slide 10: Farrelly Mineral Sands Prospect
Farrelly Mineral Sands Prospect Shallow high-grade discovery • In October 2023 Falcon reviewed the mineral sands potential and recommended a reconnaissance program to follow up on several CRA For personal use only drill holes from the 1980’s • Wide spaced drilling at Farrelly Prospect (200m apart) i
Slide 11: Farrelly Mineral Sands Prospect
Farrelly Mineral Sands Prospect 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 For personal use only 12m @ 15.1% THM from 16m; that also includes 3m @ 20.3% THM from 21m • PHAC2064 20m @ 9.0% THM from 10m
Slide 12: Farrelly Mineral Sands Prospect
Farrelly Mineral Sands Prospect Shallow high-grade discovery • Out of 91 holes drilled in recent program: • 33 holes contained intersections >10% THM For personal use only • 11 holes contained intersections >20% THM • Thick continuous zone of high-grade mineralization defined over 1,200 x 600m and r
Slide 13: Farrelly Prospect – Cross section
Farrelly Mineral Sands Prospect Farrelly Prospect – Cross section For personal use only 13 COMPANY PRESENTATION | JUNE 2024
Slide 14: Farrelly Prospect – Cross sections
Farrelly Mineral Sands Prospect Farrelly Prospect – Cross sections For personal use only West-East Cross Section South-North Cross Section 14 COMPANY PRESENTATION | JUNE 2024
Slide 15: Pyramid Hill Project
Pyramid Hill Project For personal use only Gold, VIC Multiple mineralised zones being 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, pre
Slide 16: The Opportunity
The Opportunity Screening undercover program well advanced • Over 200,000m of aircore drilled at Pyramid Hill For personal use only • Over 150km of strike length of prospective structures being targeted • Regional screening continues to generate multiple gold targets for follow up drilling with high
Slide 17: New Gold Zones Identified
New Gold Zones Identified High-grades intersected near Pyramid Hill • 2023 drill program generated the best first pass gold aircore results at Pyramid Hill since inception: For personal use only • PHAC1359 4m @ 0.47g/t Au from 137m; including • 1m @ 1.53g/t Au from 139m • First phase of infill inter
Slide 18: New Gold Zones Identified
New Gold Zones Identified Regional screening identifying new targets • Highlights from Falcon’s first pass 2023 drilling include new target at Eddington: For personal use only • PHAC1654 3m @ 0.59g/t Au from 68m; including • 1m @ 1.4g/t from 68m • PHAC1659 2m @ 0.42g/t Au from 100m (hole ending in m
Slide 19: Mt Jackson Project
Mt Jackson Project For personal use only Gold and Base Metals, WA Gold and base metals targets to be drilled The project area occurs on 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 emerg
Slide 20: Mt Jackson Project
Mt Jackson Project Untested greenstone with surface gold and pathfinder geochemical response For personal use only • Located 110km north of Southern Cross • 100% owned, underexplored northern end of the Southern Cross greenstone belt where it converges with the regional Koolyanobbing Shear Zone • Th
Slide 21: Mt Jackson Project – Central Gold Anomaly
Mt Jackson Project Central Gold Anomaly • Coincident 1km long gold soil anomaly For personal use only and large conductive plate • Also coincident with Ni, Cu & PGM soil anomaly • Southern Cross Greenstone belt has examples of significant gold mineralisation associated with pyrrhotite – Bounty Gold
Slide 22: Mt Jackson Project – South Base Metals Targets
Mt Jackson Project South Base Metals Targets • Multiple high-conductance plates defined including: For personal use only • The very strong conductance of these plates (~10,600-17,000 Siemens) is indicative of massive nickel-copper sulphide minerals, sulphide facies banded iron formations or graphite
Slide 23: 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) • Actively screening >7,000km2 holding in one of the world’s most exciting high-grade gold regions for the next major disco
Slide 24: For personal use only
For personal 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
Slide 25: Appendix: Pyramid Hill
Appendix Pyramid Hill For personal use only Gold Project, VIC 25 COMPANY PRESENTATION | JUNE 2024
Slide 26: Fosterville – ultra high-grade
The Opportunity Fosterville – ultra high-grade • Grade gradually increased with depth from 2012-2016 For personal use only • 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 27: Karri Prospect
Karri Prospect Large scale prospect with significant primary gold zones intersected over 3.5km of strike For personal use only • Diamond and AC drilling has identified multiple primary gold zones over 4km of strike • Gold mineralisation coincidental with strongly elevated arsenic anomalism and remai
Slide 28: Ironbark Gold Prospect
Ironbark Gold Prospect Ironbark – Multiple Diorites • Several analogous high-grade diorite-associated gold deposits in Eastern Victoria (Walhalla-Woods Point For personal use only Goldfields) including Cohen’s Reef (~1.5Moz @ 32g/t Au)1 • Five diorites now identified with primary mineralisation that
Slide 29: Wandoo Prospect
Wandoo Prospect High-grade zone developing • Located 20km west of 22Moz Bendigo goldfield For personal use only • Primary quartz veins dipping to the west, open to the south • Highlights from 2023 infill drilling include: – 8m @ 3.72g/t Au from 59m; including – 2m @ 11.43g/t Au from 59m; that includ
Slide 30: Bamganie Goldfield
Bamganie Goldfield Historical goldfield with scale potential First ever drilling at Bamganie located 35km southeast of Ballarat For personal use only • Historical goldfield mined in early 1900’s with 2.5km strike length of workings • Never previously drilled with only modern exploration an extensive
Slide 31: Appendix: Farrelly Prospect
Appendix Farrelly Prospect For personal use only Mineral Sands, VIC 31 COMPANY PRESENTATION | JUNE 2024
Slide 32: 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 For person
Slide 33: Farrelly Prospect – potentially high-value mineral suite
Mineral Sands Farrelly Prospect – 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 For personal use only Sachet Sc