Felix Gold Ltd. · ASX:FXG
Felix Gold — Investor Presentation (May 2025)
32 slides from Felix Gold's investor presentation, May 5, 2025
Slide 1: Investor Presentation
FELIXGOLD -LIMITED-— ANTIMONY - GOLD, USA INVESTOR PRESENTATION Not for release to US wire services or distribution in the United States May 2025 ASX: FXG
Slide 2: Important Notices
Important Notices 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 observe such restrictions. This presentation has bee
Slide 3: Important Notices Continued
Important Notices Continued Not an offer This Presentation is for information purposes only and is not, and should not be considered as, an offer or an invitation to acquire shares in the Company or any other financial products and does not and will not form any part of any contract for the acquisit
Slide 4: ASX: FXG
• • ASX: FXG $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Slide 5: Team to Deliver
Team to Deliver Technical, operational & commercial expertise geared towards metals exploration success & Ronnie Beevor Non-Executive Chairman * 40+ years’ experience in mining investment banking; previously Head of |B at Rothschild Australia over 1997- 2002 * Director of Champion Iron, which operat
Slide 6: Fairbanks, Alaska
Location / Attributes Fairbanks City - 20min drive to a major mining hub iv) Airport @ Population - 32,000 © Workforce - local & skilled @ Roads - direct access to site @ Power - low cost @ Water - abundant @ Accommodation & recreation - numerous Fairbanks, Alaska 9 FELIXGOLD
Slide 7: Investment Summary
Investment Summary Targets: * Antimony - become the first US antimony producer in over 30 years * Gold - build a multi million ounce project at Alaska’s premier mining district ANTIMONY ASSETS TARGETING FIRST U.S. DOMESTIC SUPPLY OF ANTIMONY GOLD ASSETS ESTABLISHED GOLD RESOURCE: 831KOZ ACROSS TWO P
Slide 8: Antimony Projects
ANTIMONY PROJECTS Treasure Creek (100%): * North West (NW) Array * Scrafford Mine
Slide 9: Antimony - Price & Demand
Antimony - Price & Demand A National Security Imperative - US Scrambles for Domestic Supply as Global Tensions Rise a 2020-2023 SUPPLY CRISIS ~85% of global supply from China & allies $6,000 Antimony Price Per Tonne See ASX Announcement * 23 October 2024 High Grade Antimony Near-Term Production Targ
Slide 10: Projects
Projects Extensive landholdings in the ing District TWO ANTIMONY PROJECTS NW ARRAY EXPLORATION HIGHLIGHTS Trenching eg. 3m at 50.26% Sb (peak value 65.40% Sb)*** Drilling eg. 15.2m at 5.5% Sb from 21.3m incl 6.1m at 13% Sb SCRAFFORD PROSPECT HIGHLIGHTS Historic production grades up to 58% Sb (Tan, 1
Slide 11: Targeting First US Domestic Supply Late 2025
Targeting First US Domestic Supply Late 2025 Why we have confidence in near term production World-Class Grades: 5 of the 7 best intercepts with <50m of cover globally* High-Grade, Near-Surface: Suited to low-impact, small-scale mining Simple, Mobile Setup: Low-cost, modular equipment approach Permit
Slide 12: Multiple Near-Term Antimony Prospects
Multiple Near North West Array Prospect Trenching A Felix Antimony-Gold Discovery Peak values up to 65.4% Sb Surrounded by infrastructure, all 42500 weather road, power, water, labour and all 20 minutes from Fairbanks 23TORCISS T 463500 Scrafford Prospect Trenching 3m at 50.26% Sb Scrafford Shear Zo
Slide 13: NW Array: Primary Focus for Near-Term Antimony Production
NW Array: Primary Focus for Near-Term Antimony Production First Production Zone NW Array targeting infill drilling to define first 3 years of shallow open pit production Initial Resource Target Aiming to define 20,000 tonnes of contained antimony to underpin first 3 years of production High-Grade, M
Slide 14: NW Array (Treasure Creek)
NW Array (Treasure Creek) Fig. 2 Stibnite uncovered during trenching atNorth West Array * ate, — SFig. 4 Field work planning at North West Array oe nary Statement: The photographs in Fig. 2 and Fig. 3 show material uncovered during trenching operations at NW Array. Visual estimates of mineral abunda
Slide 15: Scrafford Mine: Proven Historic Producer with Development Advantages
Scrafford Mine: Proven Historic Producer with Development Advantages Development Potential Forms part of broader production strategy following NW Array Historic High-Grade Production Intermittent production from 2915 to 1977 Supplied antimony to the U.S. government with reported grades up to 58% Sb
Slide 16: Advancing Toward Near-Term Antimony Production
Advancing Toward Near-Term Antimony Production The works program to underpin the aim of a production start by the end of 2025: Engineering & Environmental Studies 1. Now: Conduct metallurgical, engineering, and environmental studies. Metallurgical Test Work 2. May: Begin drilling a minimum of 3,000
Slide 17: Gold Projects
GOLD PROJECTS Three Projects (100%): * North West (NW) Array * Grant Mine * North East (NE) Fairbanks
Slide 18: Gold - 20-30km from Fort Knox
Gold - 20-30km from Fort Knox ne FELIXGOLD . . AT coere, NE Fairbanks Supplying a Tier 1 Mill in a Proven District Project FELIXGO! . a 159 Auger holes sampled Fort Knox Connection NW Array Peak gold values of NORTH EAST Adjacent to Kinross’s Fort Knox Mill and Heap Leach, actively seeking additiona
Slide 19: Grant Mine: Value Propositions
Grant Mine: Value Propositions High-Grade Gold Brownfields Resource Expansion v High-grade gold ECONOMIC Average underground grade of 6.2 g/t Au* v Brownfields resource expansion POTENTIAL Only ~30km from Fort Knox* ¥ Historic 98% recoveries* ¥ Positioned for growth High-Grade Gold Intercepts Existi
Slide 20: NW Array: Value Propositions
NW Array: Value Propositions Gold mineralisation at surface and amenable to bulk mining ECONOMIC > JORC 2012 Inferred MR Similar size and grade to the Gil 25Mt @ 0.58g/t Au totalling 467koz gold Sourdough deposit which has been POTENTIAL using 0.25g/t Au cut-off within a US$2,000/oz pit supplying Fo
Slide 21: NE Fairbanks: Surrounded by Major Mines
NE Fairbanks: Surrounded by Major Mines TREASURE CREEK KINROSS ‘TRUE NORTH MINE 631Koz EELIK@GtS NW ARRAY PROJET 25M @ 0.58 oft Au for 457ko2 Inferred Mineral Resource FELIXGOLD FELIXGOLD 20 CREESOLE GOLDEN SUMMIT KINROSS FORT KNOX MINE + EVIDENCE OF DRILLING NORTHE FAIRBAN _stkm GOLDEN “eomure— FRE
Slide 22: Value Creation Summary
Value Creation Summary 28 ANTIMONY PRODUCTION 12-months commencement of production target hg “o" GOLD STRATEGIC COMMERCIALISATION LOCATION 831koz gold resources* U.S. assets surrounded near hungry Tier-1 by infrastructure mill MING FOR NEAR TERM ANTIMONY PRODUCTION GOLD COMMERCIALISATION PATHWAYS FE
Slide 23: Placement Details
• $17 million two-tranche placement to sophisticated and professional investors (Placement) comprising: • $12.7 million under the Company’s placement capacity under ASX Listing Rules 7.1 and 7.1A (Tranche One); and • $4.3 million subject to shareholder approval at a general meeting of the Company to
Slide 24: Capital Raising - Use of Funds
Capital Raising - Use of Funds Use of Funds ‘May include long lead items, early works, project optimization and other corporate development initiatives. FELIXGOLD Drilling 5 Exploration 3 Scoping Studies 1 Permitting 1 Corporate, development and other costs!’ 7 TOTAL 17 22
Slide 25: Environment, Community and Governance
Environment, Community and Governance Stakeholder Engagement = We acknowledge and respect the presence of community and industry stakeholders. = We are dedicated to surpassing regulatory standards and community expectations through proactive engagement. Regulatory & Community Commitment = In Alaska,
Slide 26: Key Risks
Key Risks The future performance of Felix Gold Limited may be influenced by a range of factors. Some of these factors can be mitigated, however some are outside the control of Felix Gold Limited. FELIXGOLD Set out in this section are potential risks associated with FXG, the Placement, the industry i
Slide 27: International Offer Jurisdictions
International Offer Jurisdictions 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. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any
Slide 28: International Offer Jurisdictions continued
International Offer Jurisdictions continued Switzerland The New Shares may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange or on any other stock exchange or regulated trading facility in Switzerland. Neither this document nor any other offering or marketing ma
Slide 29: International Offer Jurisdictions continued
International Offer Jurisdictions continued Canada (British Columbia, Ontario and Quebec provinces) This document constitutes an offering of New Shares only in the Provinces of British Columbia, Ontario and Quebec (the “Provinces”), only to persons to whom New Shares may be lawfully distributed in t
Slide 30: Felix Gold - Contact
FELIXGOLD -LIMITED-— ANTIMONY - GOLD PROJECTS US Based Gold and Antimony Development Opportunities For further Joe Webb information, joe.webb@felixgold.com.au please contact: +61422 955 411
Slide 31: Appendix cont.
Appendix 1 cont. Previous Disclosure - 2012 JORC Code Grant Mine - Mineral Resource Estimate Open Pit < 125m&>0.3g/t Underground > 125m & >2.0 g/t Totals Tonnes 7®— Gunces Grade ounces g/t Au gitau Ester Elms South 178,700 91700 270,400 Ester Elms 2348700 11486100 44300 275 = 3800 2,892,800 17 90,00
Slide 32: Appendix
Appendix 2 Previous Disclosure - 2012 JORC Code The information in this release that relates to Exploration Results, Mineral Resources and Exploration Targets for Felix’s Fairbanks Gold Projects was extracted from the following ASX Announcements and Prospectus: + 12 February 2025 High-Grade Antimony