Flynn Gold Ltd · ASX:FG1
Flynn Gold — Investor Presentation (December 2022)
41 slides from Flynn Gold's investor presentation, Dec 15, 2022
Slide 1: Equity Capital Raising Presentation December 2022
Equity Capital Raising Presentation December 2022 Exploring for gold and battery metals in Tasmania and Western Australia BRDD003: 157.2m, Brilliant Prospect, Golden Ridge
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer DISCLAIMER This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper subscription documentation and only to investors meeting strict suitability
Slide 4: Executive Summary
Executive Summary Flynn Gold (ASX:FG1) is an exploration company focussed on realising value from its strong portfolio of gold and battery metals projects in Tasmania and Western Australia through organic growth and M&A initiatives • Flynn Gold (ASX:FG1), listed on the ASX in June 2021 (market cap.
Slide 5: Overview
Overview Target gold and battery metals (lithium, nickel, zinc) Target high-value, under-explored project areas Pilbara Au, Li Secure large-scale exploration footprint Own projects 100% Yilgarn Au, Li, Ni Tasmania Western Australia • 10 granted Exploration Licences • 28 tenements and applica
Slide 6: Exploration Activities & Indicative Newsflow
Exploration Activities & Indicative Newsflow* Trafalgar Prospect Diamond drilling Trafalgar Prospect TASMANIA* Trafalgar Prospect Golden Ridge Trafalgar Prospect Diamond drilling results / update RC drilling Project Diamond drilling results / update (Feb 2023) update (Feb 2023) Drilling Results resu
Slide 7: Board and Management
Board and Management Neil Marston Chief Executive Officer • 4 decades with market leading big box hardware Neil is a qualified accountant and Chartered Secretary with over chain Bunnings Group, including as COO and 40 years’ experience working in the resources and other industry Clive company direct
Slide 8: Agenda
Agenda 1. Northeast Tasmania Gold Page 9 2. M&A – Advanced Gold Exploration & Copper, Zinc and Cobalt Page 15 3. Western Australia Lithium-Gold Page 20 4. Equity Capital Raising Page 26 Appendices: • Appendix 1 – Western Tasmania – Henty Zinc Project 5. • Appendix 2 – Equity Capital Raising (Additio
Slide 9: 1. Northeast Tasmania Gold
1. Northeast Tasmania Gold Exploring for gold in Northeast Tasmania Examining core at Trafalgar Prospect, Golden Ridge
Slide 10: Northeast Tasmania
Northeast Tasmania Under-explored geology and mineralisation – Geological analogy to the Victorian Goldfields 10
Slide 11: Golden Ridge Project
Golden Ridge Project Significant gold anomalism at granodiorite-sediment contact – Golden Ridge trend shows all the signs of a large gold system • 8km mineralised contact zone • Limited historical drilling at Brilliant and Trafalgar Prospects • Diamond drilling program at Trafalgar extended after la
Slide 12: Golden Ridge Project – Trafalgar Prospect Drilling
Golden Ridge Project Trafalgar Prospect Drilling • 4 significant quartz vein zones intersected in first FG1 hole, TFDD002, drilled beneath historical shallow shafts which targeted quartz vein hosted free gold • Best interval in TFDD002: 5.4m @ 10.63g/t Au from 160.1m , including 1.9m @ 19.88g/t Au (
Slide 13: Golden Ridge Project – Trafalgar Prospect Drilling
Golden Ridge Project Trafalgar Prospect Drilling • Best results to date in TFDD005: 12.3m @ 16.8g/t Au, including 2.0m @ 68.5g/t Au (incl. 0.7m @ 152g/t Au)2 • Visible gold identified in TFDD005B – assays pending 2FG1: ASX 12 December 2022 13
Slide 14: NE Tasmania – Growth Strategy
NE Tasmania – Growth Strategy Project Mar 23 Q Jun 23 Q Sep 23 Q Dec 23 Q Trafalgar - Activities Drilling Drilling Drilling Mineral Resource Assays & Evaluation Assays & Evaluation Assays & Evaluation Estimation (MRE) Trafalgar - Budget $600,000 $600,000 $600,000 $200,000 Golden Ridge - Modelling &
Slide 15: 2. M&A – Advanced Gold & Battery Metals Exploration
2. M&A – Advanced Gold & Battery Metals Exploration Exploring for gold and battery metals in Tasmania Examining core at Trafalgar Prospect, Golden Ridge
Slide 16: M&A – Advanced Gold & Battery Metals Exploration
M&A – Advanced Gold & Battery Metals Exploration Option to Acquire 100% of Firetower and Warrentinna Projects from Greatland Gold plc (LSE:GGP) Terms of Option Agreement Option Period: 6 Months (or to 30 June 2023) Option Fee: $100,000, or 1.0M FG1 shares Consideration: $200,000, or 2.0M FG1
Slide 17: Firetower Project
M&A – Advanced Gold & Battery Metals Exploration Firetower Project (62km2) – an advanced Gold plus VHMS Battery Metals Project Firetower Prospect Located within eastern parts of Mount Read Volcanics which hosts highly mineralised world class gold and polymetallic deposits at Hellyer, Rosebery, H
Slide 18: Warrentinna Project
M&A – Advanced Gold & Battery Metals Exploration Warrentinna Project (37 km2) - significant new gold targets to complement our existing NE Tasmania assets Located adjacent to Flynn Gold’s Lyndhurst Project (EL4/2020), host rocks are equivalent to those found in the Victorian goldfields Warrentin
Slide 19: M&A – Growth Strategy
M&A – Growth Strategy Project MAR 23 Q JUN 23 Q SEP 23 Q DEC 23 Q Firetower - Recon/Data Drill Planning/ Option Logistics Drilling Activities Review/DD Exercise Firetower - Budget $15,000 $115,000 $20,000 $200,000 Warrentinna - Recon/Data Drill Planning/ Option Logistics Drilling Activities Review/D
Slide 20: 3. Western Australia Lithium-Gold
3. Western Australia Lithium-Gold Mineralised Pegmatite at Greenbushes Lithium Mine – Western Australia Exploring for battery metals in Western Australia BRDD003: 157.2m, Brilliant Prospect, Golden Ridge
Slide 21: WA Lithium-Gold Projects
WA Lithium-Gold Projects Building a strategic lithium and gold portfolio in Western Australia, targeting hard rock lithium pegmatites and intrusive related gold deposits. The Project portfolio includes a 100% interest in: Mt Dove Au-Li Project Yarrie Au-Li Project Koolyanobbing Au-Li Project
Slide 22: Pilbara – Lithium-Gold Projects
Pilbara – Lithium-Gold Projects Two lithium-gold projects located in the highly prospective Pilbara Craton Mt Dove Yarrie Mt Dove Project located near large lithium pegmatite deposits Pilgangoora (PLS) Wodgina (Albemarle, MIN JV) and the large Hemi (DEG) gold deposit 22
Slide 23: Pilbara – Mt Dove Project
Pilbara – Mt Dove Project First soil sampling program at Mt Dove identifies Lithium and Gold anomalies • Ultra-fines Fraction (UFF) Soil sampling technique used, which was developed by CSIRO to look through shallow cover. • Survey completed on very wide spacing, generally 400m x 400m grid. • Infill
Slide 24: Southern Cross Belt – Lithium-Gold Projects
Southern Cross Belt – Lithium-Gold Projects Two projects located in the Southern Cross province of the Yilgarn Craton • Forrestania • Koolyanobbing Flynn Gold’s Forrestania Projects are located near: • World class Mt Holland Lithium deposit (Wesfarmers / SQM JV) – 189 Mt @ 1.5% LiO2 • High-grade nic
Slide 25: WA Lithium-Gold – Growth Strategy
WA Lithium-Gold – Growth Strategy Project MAR 23 Q JUN 23 Q SEP 23 Q DEC 23 Q Mt Dove - Activities Sampling/Geophysics Heritage Surveys Assays & Evaluation RC Drilling Aircore Drilling Mt Dove - Budget $100,000 $400,000 $200,000 $400,000 Forrestania - Sampling/Geophysics Assays & Evaluation Aircore
Slide 26: 4. Equity Capital Raising
4. Equity Capital Raising Exploring for gold and battery metals in Tasmania and Western Australia BRDD003: 157.2m, Brilliant Prospect, Golden Ridge
Slide 27: Equity Capital Raising – Overview
Equity Capital Raising – Overview • Equity capital raising of approximately A$6.1m, comprising • Placement of 13.2m fully paid ordinary shares at $0.10 per share ($1.3m) within the Company’s available Offer Structure & Size capacity under ASX LR 7.1 (Placement) • Partially Underwritten 1 for 2 non-r
Slide 28: Sources & Uses of Funds and Timetable
Equity Capital Raising – Sources & Uses of Funds and Timetable Sources of Funds A$m Uses of Funds A$m Time (AEDT) / Event Gross proceeds from Equity Dates $6.1 TAS – Gold / Battery Metals Raising Announce Placement and Underwriting Entitlement Offer; NE Tas Drilling / Mineral Prior to Market Cash ba
Slide 29: Appendix 1 Western Tasmania – Henty Zinc Project
5. Appendix 1 Western Tasmania – Henty Zinc Project Henty Zinc Project Site Exploring for battery metals in Tasmania Examining core at Trafalgar Prospect, Golden Ridge
Slide 30: Western Tasmania – Henty Zinc Project
Western Tasmania – Henty Zinc Project Highlights ~130km2 under 2 ELs, 100% Flynn owed Dominant position highly prospective for Zinc+Lead+Silver deposits Multiple targets identified with high-grade Zinc/Lead/Silver potential Close to infrastructure, including existing zinc/lead concentrate pr
Slide 31: Western Tasmania – Henty Zinc Project
Western Tasmania – Henty Zinc Project Grieves Siding – Advanced Resource Target • Mineralisation drilled over 800m strike associated with dolomite-siderite alteration • High-grade mineralisation drill intercepts1 include; ZG107: 13.2m @ 11.5% Zn from 124m, and 8.35m @ 13.9% Zn, 8.5% Pb from 154.5m
Slide 32: Appendix 2 Equity Capital Raising (Additional Slides)
5. Appendix 2 Equity Capital Raising (Additional Slides) Exploring for battery metals and gold in Western Australia and Tasmania BRDD003: 157.2m, Brilliant Prospect, Golden Ridge
Slide 33: Company Snapshot
Company Snapshot Capital Structure FG1 Shareholdings ASX Code FG1 Share price: 12th December 2022 A$0.145 Cash 30th November 2022 $2.9m Colin Bourke & Assocs 36% Debt Nil Shares on issue 96.1m Market Cap at $0.145/share $13.9m Other Enterprise Value at $0.145/share $11.0m 54% PJ Davis & Assocs Optio
Slide 34: Summary of Key Risks
Summary of Key Risks Flynn Gold is exposed to a wide range of risks common to listed mining exploration companies. These include: • the inherent uncertainty of exploration • obtaining and continuing to hold tenure to exploration areas • access and infrastructure for activities • regulatory requireme
Slide 35: International Offer Restrictions
International Offer Restrictions This document does not constitute an offer of new ordinary shares (“New Shares”) of the Company in any jurisdiction in which it would be unlawful. New Shares may not be offered or sold in any country outside Australia except to the extent permitted below. New Zealand
Slide 36: Appendix 3 Northeast Tasmania Projects
5. Appendix 3 Northeast Tasmania Projects (Additional Slides) Exploring for gold in Northeast Tasmania Examining core at Trafalgar Prospect, BRDD003: 157.2m, Brilliant Prospect, Golden Ridge Golden Ridge
Slide 37: FG1 - 2021/22 Achievements
FG1 - 2021/22 Achievements Northeast Tasmania (Gold) Golden Ridge Project Diamond Drilling at Brilliant Prospect (14 holes for 4,337 metres) Rock Chip sampling and IP geophysical survey Diamond Drilling at Trafalgar Prospect (ongoing) with outstanding results reported to date RC Drilling a
Slide 38: Appendix 4 Western Australia Projects
5. Appendix 4 Western Australia Projects (Additional Slides) Mineralised Pegmatite at Greenbushes Lithium Mine – Western Australia Exploring for battery metals in Western Australia BRDD003: 157.2m, Brilliant Prospect, Golden Ridge
Slide 39: FG1 - 2021/22 Achievements
FG1 - 2021/22 Achievements Large Quartz Outcrop – Mt Dove East Western Australia (Lithium/Gold) Mt Dove Project Maiden Ultra-Fine Fraction soil sampling program completed Geophysical review underway Yarrie Project ELs granted – geophysical review underway Forrestania Project New applic
Slide 40: Investment Highlights
Investment Highlights Pipeline of high-grade gold prospects in NE Tasmania Golden Ridge Project showing excellent potential for high-grade gold deposits M&A – Advanced Gold & Battery Metals Exploration Opportunities Significant portfolio of battery metals exploration projects in WA – excelle
Slide 41: Neil Marston Victoria Humphries
Neil Marston Victoria Humphries Chief Executive Officer Media & Investor Relations +61 3 9692 7222 +61 (0) 431 151 676 neil@flynngold.com.au victoria@nwrcommunications.com.au www.flynngold.com.au For more information, please contact us ASX: FG1