Flagship Minerals Limited · ASX:FLG
Flagship Minerals — Investor Presentation (May 2025)
28 slides from Flagship Minerals's investor presentation, May 19, 2025
Slide 1: Metals that Matter. Corporate Overview
Metals that Matter. For personal use only Corporate Overview ASX: 19 May 2025
Slide 2: Strategy and Projects
Strategy and Projects Develop oxide style projects in superior strategic settings For personal use only to position as a low-cost producer of Gold and Copper 1. Lower cost Projects in lower cost jurisdictions with well defined permitting regulations 2. Proximity Projects with access to key infrastru
Slide 3: Corporate snapshot
Corporate snapshot Compelling value drivers, underwritten by large Au inventory For personal use only Paul Lock Chairman & Managing Director Capital Structure1 Broad experience in international mineral resource initiatives . Former Market Cap1a A$16.3m @ 8.0c/share project financier and corporate ad
Slide 4: Flagship's current gold peer group
Flagship's current gold peer group 4 Where are the best value Au oz's? For personal use only Selection criteria: min. 500koz Au / AuEq; min 75% Resource Au; pre feasibility. 350 Enterprise Value (A$) / M&I&I Au oz (Inc. Precious AuEq.) 300 Flagship Minerals: ~A$16.50/oz Au5 PANTANILLO GOLD PROJECT,
Slide 5: Oxides: Often big and simple w' low strip
Oxides: Often big and simple w' low strip Pantanillo: An advanced oxide gold project with strong analogues and scale potential, positioning flagship for a lower cost fast track to free cash flow For personal use only 0.8 Flagship Minerals Flagship will achieve this focusing on oxide gold Pantanillo
Slide 6: Growth analogue
Growth analogue 10 ASX's Saturn Metals and TSX's RIO2 provide strong oxide For personal use only heap leach analogues for Flagship's Pantanillo. Fenix (Chile) 4.8 Moz Au @ 0.37g/t Au (M&I) 1.8 Moz Au @ 0.48g/t Au (P&P) NI 43-101 QFE 500 US$1,237/oz Au AISC RIO2 - A$456m Under Construction 400 Market
Slide 7: Work plan to feasibility
Work plan to feasibility Work to date on Pantanillo is substantial, facilitating an For personal use only accelerated work program to feasibility. Pantanillo Option Signed Assess and validate exploration, drilling, metallurgical data Re-assay existing Core & Lab Pulps, confirmatory met testing Prep
Slide 8: Pantanillo Gold Project
For personal use only Pantanillo Gold Project Advanced Large Scale Oxide Gold Flagship Minerals | Metals that Matter 8
Slide 9: Pantanillo Gold
Pantanillo Gold Advanced Large Scale Oxide Gold Project in prolific Maricunga Gold Belt, Chile. For personal use only Hosts 47.4Mt @ 0.69g/t Au for 1.05Moz Au QFEb of mineralisation: • QFE Supported by NI 43-101 and 20,531m of DDH and RC drilling. • Amenable to open cut mining and heap leach process
Slide 10: Pantanillo Gold
Pantanillo Gold The Maricunga Gold Belt is a leading gold province, with a >65Moz Au endowment. For personal use only Flagship's Pantanillo >110km2 Exploitation Concessions: • 47.4Mt @ 0.69g/t Au for 1.05Moz Au = <0.5% of total holding. • QFE to be converted to JORC (2012) Mineral Resource. • Target
Slide 11: Pantanillo Gold
Pantanillo Gold 492200 E 492400 E 492600 E 492800 E 493000 E B 6965200 N Flagship is positioned for expansion of current 6965000 N m QFE mineralisation and addition of new prospects. 00 For personal use only Zone ~6 slised 6964800 N Miner The Pantanillo gold deposit is: 6964600 N 492750 E 6964600 N
Slide 12: Inventory Growth Plan I
Inventory Growth Plan I Flagship has a 3 step plan to grow its gold inventory. For personal use only 1. Lowering Cut-off Grade: 492750 E 6964600 N 492800 E 6964800 N 6965000 N 492850 E 6965200 N • Current QFE cut-off grade is 0.3g/t. A B • Potential to be lowered to 0.15-0.20g/t Au in line with othe
Slide 13: Inventory Growth Plan II
Inventory Growth Plan II Substantial drill intersections under current Pit Shell = Opportunity For personal use only Flagship Minerals | Metals that Matter 13
Slide 14: Inventory Growth Plan III
Inventory Growth Plan III Two high priority extensional targets (T1 & T2) and 5 satellite targets (T3-T7). For personal use only Flagship Minerals | Metals that Matter 14
Slide 15: Rosario Copper Project
For personal use only Rosario Copper Project High Grade Oxide Copper-Silver Flagship Minerals | Metals that Matter 15
Slide 16: Rosario Cu: Infrastructure rich setting
Rosario Cu Infrastructure rich setting. For personal use only Chile has a world class copper endowment. Rosario is a high grade oxide style Cu-Ag project located in a highly active mining district. Mineralised zones are associated with fractured and brecciated rocks. Oxide copper cathode attracts a
Slide 17: Rosario Cu: Highly prospective, under explored
Rosario Cu Highly prospective, under explored. For personal use only Rosario has all the hallmarks of a low cost high margin oxide copper project. Three distinct prospective trends with a combined strike length of ~15km: • The zones are interpreted to be from 20m wide up to 200m wide, with assays up
Slide 18: For personal use only
For personal use only Flagship Minerals | Metals that Matter 18
Slide 19: For personal use only
For personal use only Flagship Minerals | Metals that Matter 19
Slide 20: Projects Under Review
For personal use only Projects Under Review Tama Atacama Lithium & RK Lithium Flagship Minerals | Metals that Matter 20
Slide 21: Tama Atacama Li and RK Lithium
Tama Atacama Li RK Lithium Tier 1 Lithium Brine JORC (2012) MRE Defined For personal use only ~1,200km2 under Option for 100%, >1,000km2 Project aligned with Thai Govt. EV and LIB of granted Exploration Concessions. manufacturing policies • Surface assays up to 2,200ppm Li, average • Thai Federal, p
Slide 22: Important Information
For personal use only Important Information Flagship Minerals | Metals that Matter 22
Slide 23: Important information
Important information Disclaimer Important This presentation has been prepared by Flagship Minerals Limited, a Singapore based company To the extent permitted by law, FLG and its officers, employees, related bodies corporate and agents For personal use only with Reg. No. 201729187E (‘FLG’ or ‘Pan As
Slide 24: Important information
Important information Competent Persons Statement for RK Lithium Project MRE holding of 10,502,527 shares plus 36,666,667 shares held by Citicorp Nominees on behalf of Global The information in this report that relates to Mineral Resources is based on information compiled by Ms Emerging Markets (GEM
Slide 25: Important information
Important information QFE M&I&I Mineral Resource ~0.947Moz AU inc. any precious AuEq. One Source document:https://www. au/asxpdf/20250430/pdf/06j61n9cgzgnh4.pdf radissonmining.com/wp-content/uploads/2023-43-101-mre-obrien-slr.pdf r. WGO TSX, White Gold Corp, [Key Projects: White Gold]: ~EV A$: 57.9M
Slide 26: Important information
Important information Region, Chile, see: https://www.rio2.com/_files/ugd/d7ae14_940ee076a8ea40f0ac84d3edbaf83c67.pdf c. FLG's ASX Release dated 14 Apr 2025 and titled "Pantanillo Oxide Project - Advanced - Oxide Au - Large For personal use only Scale". Flagship Minerals | Metals that Matter 26
Slide 27: Important information
Important information RELEVANT ASX RELEASES 18 Apr 2024: Tama Atacama Lithium - PAM to Submit RFI for 1200km2 23 Nov 2022: Reung Kiet Lithium Project - Drilling Update Readers are advised to refer to the following ASX releases for details and other 10 Jul 2024: Tama Atacama Lithium - Exploration Con
Slide 28: Metals that Matter.
Metals that Matter. For personal use only ASX: flagshipminerals.com Copyright 2025 Flagship Minerals Limited. All Rights Reserved.