Falcon Metals Ltd · ASX:FAL
Falcon Metals — Shareholder Meeting (November 2024)
34 slides from Falcon Metals's shareholder meeting presentation, Nov 28, 2024
Slide 1: Annual General Meeting – Pursuing Major Discoveries
For personal use only Annual General Meeting Pursuing Major Discoveries COMPANY PRESENTATION COMPANY PRESENTATION | NOVEMBER | NOVEMBER 2024 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 The distribution of this presentation to persons or in jurisdictions outside Australia may be restricted by law and current at
Slide 3: Falcon Project Portfolio
Falcon Project Portfolio Hawkstone Project JV Errabiddy Gold Project, WA Pyramid Hill Gold Project, • Earn-in to 70% plus 100% owned VIC For personal use only tenure • Largest land position in the • Cratonic margin gold project in prospective Bendigo Zone Gold similar structural setting to the Provi
Slide 4: Corporate Overview
Corporate Overview Top Shareholders Capital Structure and Financials For personal use only 8.2% 7.1% 6.1% A$0.145 177M 18.5M Share Price Shares Options 2.4% (27 Nov 2024) on Issue 76.2% A$10.9M Nil A$25.7M Cash Debt Market Cap (30 Sep 2024) (@ $0.145) 4 COMPANY PRESENTATION | NOVEMBER 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 30+ years’ experie
Slide 6: Farrelly Deposit – Mineral Sands, VIC
Farrelly Deposit 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. 6 COMPANY PRE
Slide 7: Mineral Sands – Introduction
Mineral Sands – Introduction Zircon Titanium Minerals Monazite A Zirconium silicate mineral Titanium oxides including Phosphate mineral What are they? Ilmenite, Rutile and with high Rare Earth Leucoxene Element (REE) content For personal use only Other Other What are they Zr used for? TiO2 REE Sourc
Slide 8: 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 9: 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 10: Farrelly Mineral Sands Deposit – Shallow high-grade discovery
Farrelly Mineral Sands Deposit 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 11: Farrelly Deposit – Cross section
Farrelly Mineral Sands Deposit Farrelly Deposit – Cross section For personal use only 11 COMPANY PRESENTATION | NOVEMBER 2024
Slide 12: Positive Sighter tests
Farrelly Mineral Sands Deposit Positive Sighter tests • Preliminary metallurgical assessment completed on ~65kg bulk sample in August 2024 grading ~12.2% THM: For personal use only • Heavy mineral concentrate (HMC) produced from conventional processing methods • High recoveries of zircon, ilmenite,
Slide 13: Are there more Farrelly's?
Farrelly Mineral Sands Deposit Are there more Farrelly’s? • Priority to extend Farrelly Main Zone (blue polygon) For personal use only • Review of broader tenement area highlighted several areas (red polygons) with limited effective historical drilling • Targets on the southern edge of the Murray Ba
Slide 14: Pyramid Hill Project – Gold, VIC
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 15: 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 16: Errabiddy Gold Project
Errabiddy Gold Project For personal use only Gold and Base Metals, WA Gold and base metals targets This project area occurs on Wajarri Yamatji land. Falcon acknowledge their ongoing connection to the land and pay our respect to them, their culture and their elders, past, present and emerging. 16 COM
Slide 17: Errabiddy Project JV
Errabiddy Project JV Falcon Earning up to 70% of Craton Margin Gold Project • Located 220km northwest of Meekatharra For personal use only • Situated in the Errabiddy shear zone on the north-western margin of the Yilgarn Craton • Similar structural setting to the 5.4Moz1 Tropicana Gold Mine • Advanc
Slide 18: Errabiddy Project JV – Olsen Well Gold Target
Errabiddy Project JV Olsen Well Gold Target – 3km long soil anomaly, open along strike • Initial phase of confirmatory soil sampling planned for Olsen Well in the first half of 2025 with drilling to follow For personal use only 18 COMPANY PRESENTATION | NOVEMBER 2024
Slide 19: Investment Highlights
Falcon Metals Investment Highlights • Highly decorated team with a history of ‘company making’ For personal use only discoveries (Julimar, Nova-Bollinger, Thunderbox, Waterloo) • High-grade Mineral Sands discovery at the Farrelly Deposit • Largest land position in the prospective Bendigo Zone and Mu
Slide 20: Contact
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 21: Appendix – Farrelly Deposit
Appendix Farrelly Deposit For personal use only Mineral Sands, VIC 21 COMPANY PRESENTATION | NOVEMBER 2024
Slide 22: 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 23: Farrelly Deposit – potentially high-value mineral suite
Mineral Sands Farrelly Deposit – 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 Sca
Slide 24: Appendix – Pyramid Hill Gold Project
Appendix Pyramid Hill For personal use only Gold Project, VIC 24 COMPANY PRESENTATION | NOVEMBER 2024
Slide 25: The Opportunity – Fosterville
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 26: New Gold Zones Identified – Eddington
New Gold Zones Identified Eddington delivering more results • Emerging prospect under shallow cover, located 35km southwest of Bendigo For personal use only • Increasing hit rate of intercepts >1g/t Au over >3km strike length • Recent intercepts in gold bearing alluvial gravel indicate a potential p
Slide 27: High-grades intersected near Pyramid Hill
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 interse
Slide 28: Two new trends in the north
New Gold Zones Identified Two new trends in the north Loddon Vale • Located 20km northwest of Pyramid Hill, the Loddon Vale trend now 8km For personal use only long and a regional scale target • Flagged as a high priority area in 2023 but follow-up drilling locations were limited due to eastern tene
Slide 29: 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 30: 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 31: 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 32: 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 33: Mt Jackson Project – Gold and Base Metals, WA
Mt Jackson Project For personal use only Gold and Base Metals, WA 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 emerging. 33 COMPANY PRESENTATION | NOVEMBER 202
Slide 34: Mt Jackson Project – Maiden Drill Program Completed
Mt Jackson Project Maiden Drill Program Completed • Central - coincident 1km long gold soil anomaly and large conductive plate For personal use only • South – Multiple high conductance EM plates coincident with Ni, Cu & PGM/s soil anomaly • Southern Cross Greenstone belt has examples of significant