Falcon Metals Ltd · ASX:FAL
Falcon Metals — Shareholder Meeting (October 2025)
25 slides from Falcon Metals's shareholder meeting presentation, Oct 29, 2025
Slide 1: Once in a Blue Moon: High-grade gold in Bendigo
For personal use only AGM Presentation ONCE IN A BLUE MOON High-grade gold in Bendigo COMPANY PRESENTATION COMPANY PRESENTATION | OCTOBER | OCTOBER 2025 2025 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: Falcon Project Portfolio
Falcon Project Portfolio Errabiddy Gold Project, Hawkstone Project JV WA Pyramid Hill Gold Project, VIC • Earn-in to 70% plus 100% owned For personal use only tenure • Largest land position in the prospective Bendigo Zone Gold • Cratonic margin gold project in Province similar structural setting to
Slide 4: Corporate Overview
Corporate Overview Top Shareholders Capital Structure and Financials 9.0% 8.3% For personal use only 7.8% A$0.645 212.6M 16.3M Share Price Shares Options 11.0% (28 Oct 2025) on Issue 61.3% 2.6% A$24.6M Nil A$137.1M Unaudited Cash Debt Market Cap (30 Sep 2025) (@ $0.645) TOP 20 OWN ~42% 4 COMPANY PRE
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 30+ years’ experie
Slide 6: Blue Moon Gold, VIC
Blue Moon For personal use only 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, present and emerging. 6 COMPANY PRESENTATI
Slide 7: Unearthing Blue Moon
Unearthing Blue Moon World Class Gold Province • The Bendigo Zone is home to two world class gold deposits: For personal use only • Bendigo Goldfield (22 Moz @ ~15g/t Au) famous for its high-grade reef style free-milling gold since its discovery in 1851; and • Fosterville Gold Mine with the Swan Zon
Slide 8: Blue Moon: The Right Location
Blue Moon The Right Location • EL007839 surrounds the world class Bendigo goldfield (22 Moz @ For personal use only ~15 g/t Au) • Review of all historical data, with 3D reconstruction of the historical Bendigo workings, confirmed no previous modern exploration on the northern extension of the goldfi
Slide 9: Blue Moon – Diamond Drilling
For personal use only Blue Moon – Diamond Drilling Observations from Bendigo, Ballarat and Fosterville suggest that there is a strong plunge component to the high-grade mineralisation in Central Victoria 9 COMPANY PRESENTATION | OCTOBER 2025
Slide 10: Northern Extension of Bendigo Goldfield Confirmed
Northern Extension of Bendigo Goldfield Confirmed Multiple Target Zones For personal use only 10 COMPANY PRESENTATION | OCTOBER 2025
Slide 11: Blue Moon Fly-through
Blue Moon Fly-through • Click on the image to view the Blue Moon fly-through A map of australia with different cities AI-generated content may be incorrect. For personal use only 11 COMPANY PRESENTATION | OCTOBER 2025
Slide 12: Drilling Ramping up
Drilling Ramping up Seven new drill pads approved, second rig now drilling • Approvals obtained to test >2km of strike extent on the Garden Gully line For personal use only • Initial plan to test 1km north of first parent hole, with 200m step out drilling including a parent and several wedges per se
Slide 13: Pyramid Hill Project
Pyramid Hill Project For personal use only Gold, VIC Multiple mineralised zones 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, present a
Slide 14: Regional Exploration
Regional Exploration 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 • Rationalisation of tenure as reconnaissance drilling progresses • Regional screening conti
Slide 15: Regional Target: Loddon Vale
Regional Target Large scale regional target emerging at Loddon Vale • Located 20km south of Kerang For personal use only • Several north-northwest parallel zones are developing at Loddon Vale, similar to: • Falcon’s Karri Prospect; • The Four Eagles discovery (ASX: CYL); and • The Bendigo Goldfield
Slide 16: Errabiddy Gold Project
Errabiddy Gold Project For personal use only 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
Slide 17: 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 For personal use only • Similar structural setting to the 5.4Moz1 Tropicana Gold Mine • Advanc
Slide 18: 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 For personal use only the project tenure • Four consecutive soil samples on the same line >0.5 g/t gold that in
Slide 19: Farrelly Deposit
Farrelly Deposit For personal use only Mineral Sands, VIC High-grade mineral sands discovery The Farrelly Mineral Sands Project areas occur 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, present and
Slide 20: High-grade Mineral Sands Discovery
High-grade Mineral Sands Discovery Underexplored world class minerals province • Victoria’s Murray Basin hosts several major mineral sands projects with associated Critical Minerals including Rare Earth Elements (REE) at For personal use only advanced stages of development • Several of these are adj
Slide 21: Farrelly Mineral Sands Deposit
Farrelly Mineral Sands Deposit Shallow high-grade discovery • Of 91 holes announced in May 2024: • 33 holes contained intersections >10% THM For personal use only • 11 holes contained intersections >20% THM • Thick continuous zone of high-grade mineralisation defined over 1,200 x 600m • Open in seve
Slide 22: Consistent Results
Consistent Results Shallow high-grade discovery • PHAC2062 26m @ 8.9% THM from 6m; including 15m @ 12.9% THM from 13m • PHAC2073 For personal use only 22m @ 9.2% THM from 8m; including 12m @ 15.1% THM from 16m; that also includes 3m @ 20.3% THM from 21m • PHAC2064 20m @ 9.0% THM from 10m; including
Slide 23: Farrelly Deposit Cross Section
For personal use only Farrelly Deposit Cross Section 23 COMPANY PRESENTATION | OCTOBER 2025
Slide 24: Falcon Metals Investment Highlights
Falcon Metals Investment Highlights For personal use only 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
Slide 25: Falcon Metals Limited Investor Relations
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