Falcon Metals Ltd · ASX:FAL
Falcon Metals — RIU Resurgence Conference 2022
19 slides from Falcon Metals's conference presentation, Nov 24, 2022
Slide 1: Pursuing major gold discoveries in Victoria & WA
For personal use only RIU Gold panned from PHAC1030 – 51-52m RESURGENCE CONFERENCE Pursuing major gold discoveries in Victoria & WA NOVEMBER 2022 ASX : FAL
Slide 2: Important Notice and Disclaimers
Important Notice and Disclaimers For personal use only This presentation has been prepared by Falcon Metals Ltd ACN 651 893 097 (Company). It contains general background information only which is current at the date of this presentation unless otherwise specified. It contains selected summary inform
Slide 3: Falcon Project Portfolio
For personal use only Falcon Project Portfolio Mt Jackson Project Pyramid Hill Gold Project, VIC • The largest land position in the prospective Bendigo Zone • High-grade aircore results from Ironbark East • Major AC drill program to commence December 2022 Viking Gold Project, WA • Earn-in to 70% plu
Slide 4: Corporate Overview
For personal use only Corporate Overview Top Shareholders Capital Structure and Financials Tim Franklin Goyder 7.9% Templeton 7.1% A$0.215 177M 12.3M Share Price Shares on Issue Options (21 Nov 2022) The Goldman Sachs Group 7.1% Board 2.0% A$24.3M Nil A$38.1M Cash Debt Market Cap (30 Sept 2022) (@ $
Slide 5: Pyramid Hill Project
Pyramid Hill Project For personal use only High-grades returned from first drill program 5
Slide 6: The Opportunity
The Opportunity For personal use only Underexplored world class, high-grade gold province beneath cover • 60Moz gold produced since 1850’s from outcropping South Bendigo Zone, at an average grade of ~15g/ Au1 • 90% of mines had a recovered grade of >8.5g/t Au1 • 32Moz Au (P50 mid case) of undiscover
Slide 7: Ironbark Prospect
Ironbark Prospect For personal use only High-grade results from first drill program • Previous work indicated gold potential on contact between Castlemaine Group Sediments and intrusive diorites • Several analogous high-grade diorite-associated gold deposits in Eastern Victoria (Walhalla-Woods Point
Slide 8: Ironbark Prospect - Ironbark East Cross Section
Ironbark Prospect For personal use only Ironbark East Cross Section • Ironbark East aircore hole PHAC1030 returned: • 40m @ 2.8/t Au from 50m1; including ▪ 26m @ 4.2 g/t Au from 51m; that includes o 2m @ 15.4g/t Au from 51m, o 1m @ 17.1g/t Au from 62m, o 1m @ 10.1g/t Au from 70m and o 1m @ 12.0g/t A
Slide 9: Karri Prospect
Karri Prospect For personal use only Large scale prospect with significant primary gold zones intersected over 3.5km of strike • 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 10: Wandoo – high priority target for aircore drilling
Wandoo – high priority target for aircore drilling For personal use only Comparison of first pass aircore results • KARRI – Jan 2019 • 20 holes drilled • 3 holes >25ppb • 1 hole > 100ppb • WANDOO – Jan 2021 • 24 holes drilled • 15 holes >25ppb • 8 holes >100ppb 10
Slide 11: Next Steps – Targeted Drilling & Pipeline Generation
Next Steps – Targeted Drilling & Pipeline Generation For personal use only Exploration focused on finding major deposits • Infill drilling: • Ironbark • Karri • Wandoo • Banksia • Regional Exploration - Two-pronged regional exploration plan developed for areas within the Bendigo Zone: • Castlemaine
Slide 12: WA Projects
WA Projects For personal use only High-grade results from Viking 12
Slide 13: Viking Project
Viking Project For personal use only Advanced Gold Project near Norseman • Located 30km ESE of Norseman within the high-grade metamorphic Albany-Fraser province • Anglogold discovery in 2011 – numerous shallow high-grade intercepts in oxide zone with limited follow-up1 • Falcon earning into E63/1963
Slide 14: Viking Project - RC drilling confirms high-grade at depth
Viking Project For personal use only RC drilling confirms high-grade at depth • 10 hole RC program in October 2022 targeted down-dip zones to previous oxide intercepts • Highlights include1: Beaker 2 o 6m @ 5.11/t Au from 141m; including ▪ 1m @ 28.5g/t Au from 141m; o 3m @ 6.07/t Au from 43m; includ
Slide 15: Viking Project - Beaker Prospect
Viking Project For personal use only Beaker 2 Prospect – Diamond drilling commencing December 2022 15
Slide 16: Viking Project - New exploration target zone
Viking Project For personal use only New exploration target zone to the northeast • Shear zone to northeast of Beaker 2 - a new target zone • Previous exploration ineffective due to increased depth of cover • Likely to continue into Falcon 100%- owned application (E63/1994) • Opens up potential 10km
Slide 17: Mt Jackson Project
Mt Jackson Project For personal use only Untested greenstone with surface gold and pathfinder geochemical response • 100% owned, underexplored northern end of the Southern Cross greenstone belt where it converges with the regional Koolyanobbing Shear Zone • Southern Cross Greenstone Belt has a long
Slide 18: Investment Highlights
Investment Highlights • Highly decorated team with a history of For personal use only ‘company making’ discoveries (Julimar, Nova-Bollinger, Thunderbox, Waterloo) • >5,000km2 holding in one of the world’s most exciting high-grade gold regions • High-grade results returned from both Pyramid Hill and
Slide 19: Falcon Metals Limited
For personal use only Falcon Metals Limited ASX: FAL T: +61 3 8648 6684 Investor Relations Suite 6, Level 6, 350 Collins St, Melbourne VIC 3000 E: tmarkwell@falconmetals.com.au Victoria Humphries PO Box 106 Flinders Lane VIC 8009 www.falconmetals.com.au E: victoria@nwrcommunications.com.au