Falcon Metals Ltd · ASX:FAL
Falcon Metals — Merger or Acquisition (November 2021)
28 slides from Falcon Metals's merger presentation, Nov 3, 2021
Slide 1: Falcon Metals – Investor Webinar and Presentation
ASX Announcement 3 November 2021 For personal use only Falcon Metals – Investor Webinar and Presentation Investor webinar to be held at 9am AWST, Thursday 4 November 2021 Chalice Mining (ASX: CHN) has today released full details of the proposed demerger of the Company's gold projects into Falcon Met
Slide 2: Demerger and IPO Briefing
For personal use only Demerger and IPO Briefing 3 NOVEMBER 2021
Slide 3: Important Notice and Disclaimers
Important Notice and Disclaimers This presentation has been prepared by Falcon Metals Ltd ACN 651 893 097 (Falcon), a wholly owned subsidiary of Chalice Mining Ltd (ACN 116 648 956) (Company). It contains general background information only which is current at the date of this presentation unless ot
Slide 4: Investment Highlights
For personal use only Investment Highlights A new, high-profile gold exploration specialist in Victoria Led by a highly decorated, specialist team with a history of ‘company making’ discoveries (Julimar, Nova- Bollinger, Thunderbox, Waterloo) >5,000km2 holding in the Bendigo Zone of Victoria, a regi
Slide 5: Demerger and IPO entitlements
Demerger(1) IPO(2) For personal use only 1 Falcon Metals share awarded for every 1 Falcon Metals share for every ~3 Chalice Mining shares (in-specie distribution) ~6 Chalice Mining shares (pro-rata entitlement) 1) Eligible Chalice shareholders to receive 1 Falcon Metals share for every 2) Eligible C
Slide 6: Demerger Overview
Demerger Overview Demerger will result in two separate ASX-listed companies – Chalice will focus on the world class Julimar For personal use only Ni-Cu-PGE Project, while Falcon will be focussed on tier-1 gold discoveries Overview Post Demerger Overview • The Demerger will result in two independent
Slide 7: Demerger Rationale
Demerger Rationale The Board of Chalice believe that this is a logical separation of different projects, with the potential to unlock For personal use only shareholder value Logical separation of gold projects from Chalice’s Ni-Cu-PGE projects, allowing shareholders to gain separate exposure to the
Slide 8: IPO Details
IPO Details For personal use only Falcon to raise between $15 to $30 million to advance systematic, high-impact greenfield exploration Key Offer Details Use of Funds (2 Years) Minimum Maximum Minimum Maximum Item subscription subscription subscription subscription Offer price per share A$0.50 / shar
Slide 9: Demerger Timetable & IPO Overview
Demerger Timetable & IPO Overview For personal use only Process commences 3 November 2021 and trading will commence by 22 December 2021 • Chalice shareholders will vote on the Demerger at the Event Date(1) General Meeting on 3 December 2021 Lodgement of Prospectus with ASIC 3 November 2021 • Under t
Slide 10: Directors & Management
Directors & Management Falcon will be led by a highly decorated, specialist team with a history of ‘company making’ For personal use only discoveries (Julimar, Nova-Bollinger, Thunderbox, Waterloo) Dr Mark Bennett Tim Markwell Alex Dorsch Andrea Betti Non-Executive Chairman Managing Director & CEO N
Slide 11: Falcon Project Portfolio
Falcon Project Portfolio Pyramid Hill Gold Project, VIC 1 For personal use only Mt Jackson Project • >5,000km2 holding NW and NE of the Fosterville Gold Mine • 100% owned, all under cover in unexplored terrane • Ready-to-drill >4km gold trend + 3 gold bearing diorite intrusions • Diamond + AC drilli
Slide 12: Pyramid Hill Project
For personal use only Pyramid Hill Project
Slide 13: The Opportunity
The Opportunity For personal use only Underexplored world class, high-grade Bendigo Zone | Bendigo Zone Undercover Stawell Zone | Stawell Zone Undercover gold province under cover Melbourne Zone | Melbourne Zone Undercover Falcon Tenure • 60Moz of gold produced since 1850’s from outcropping South Be
Slide 14: 32Moz of gold yet to be discovered under Murray Basin cover
Regional Scale Faults For personal use only 32Moz of gold yet to be discovered under Murray Basin sedimentary cover 1 • Outstanding greenfield potential NSW VIC • Largely neglected (underexplored) world- class Northern gold province (>60Moz produced Bendigo Four Eagles Zone from South Bendigo Zone a
Slide 15: Strategic Land Position
Strategic Land Position For personal use only Falcon has over 5,000km2 representing Interpreted Faults one of the largest land holdings in the Murray River Basement Outcrop Limit prolific Bendigo Zone Falcon Tenure Gold Occurrence Muckleford Goldfield / Deposit North Area Falcon Prospect Melbourne •
Slide 16: Key Prospects
Key Prospects For personal use only 4 large scale priority prospects identified by Chalice will be the focus of future work Karri Ironbark Banksia 50km Wandoo N Prospect Description 11.45m @ 1.02g/t f. 284m 5.1m @ 14g/t f. 100.9m • Shallow gold intersections over ~4km of strike and up Karri incl. 2.
Slide 17: Karri Prospect
Karri Prospect For personal use only Large scale prospect with significant primary gold zones intersected over 2.5km of strike Karri Ironbark Banksia • Diamond and AC drilling has identified multiple 50km Wandoo OPEN primary gold zones over 4km of strike within highly prospective tightly folded, Cas
Slide 18: Ironbark Prospect
Ironbark Prospect For personal use only Promising early results along diorite margins Campbelltown Fault (Interpreted Position) 764,000 mE 766,000 mE Karri Possible diorite Karri Ironbark 4 diamond drill holes completed by Chalice for geological ~22km intrusion • 50km Banksia Wandoo purposes, indica
Slide 19: Next Steps – Targeted Drilling & Pipeline Generation
Next Steps – Targeted Drilling & Pipeline Generation For personal use only Strategy is to drill out best prospects while generating a pipeline of additional targets N • Building on Chalice’s strategy of identifying the big ‘Fosterville- like’ gold systems under shallow cover first: - Screening thin
Slide 20: WA Projects
For personal use only WA Projects
Slide 21: Viking Project
Viking Project For personal use only RC drilling planned to test below several Aeromagnetics significant oxide gold intersections Perth Viking • Located 30km ESE of Norseman within the Beaker 4 Beaker 3 high-grade metamorphic Albany-Fraser 7m @ 3.8g/t Section province 4.4m @ 6.6g/t 6421000 N 6.0m @
Slide 22: Viking Project – Beaker Prospect
Viking Project For personal use only Beaker 2 Prospect – RC drilling to test high-grade results is a priority • Significant high-grade supergene gold mineralisation including 5m @ 44.5g/t Au from 50m and 4m @ 15.4g/t Au from 40m at the Beaker 2 prospect • RC drilling planned at the Beaker 1, 2 and 3
Slide 23: Mt Jackson Project
Mt Jackson Project For personal use only Untested greenstone with surface gold and pathfinder geochemical response Mt Jackson Perth • 100% owned, underexplored northern end of the Southern Cross greenstone belt where it converges with the regional Koolyanobbing Shear Zone • Southern Cross Greenstone
Slide 24: Investment Highlights
Investment Highlights For personal use only 1 Highly decorated team with a history of ‘company making’ discoveries (Julimar, Nova-Bollinger, Thunderbox, Waterloo) 2 >5,000km2 holding in one of the world’s most exciting high-grade gold regions 3 Strong balance sheet post IPO – a unique platform to ma
Slide 25: Key risks
Key risks For personal use only This section identifies the areas that the directors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Company involves many risks, which may be higher than the risks associated with an investme
Slide 26: Key risks (Cont.)
Key risks (Cont.) For personal use only Development and operational risk A number of factors will influence the Company’s ability to pursue its exploration, development and operational activities. These include, amongst others, the Company’s ability to obtain the necessary regulatory consents and ap
Slide 27: International Offer Restrictions
International Offer Restrictions For personal use only This document does not constitute an offer of ordinary shares of Falcon. The Prospectus issued by Falcon dated 3 November 2021 does not, and is not intended to, constitute an offer in any place or jurisdiction, or to any person to whom, it would
Slide 28: Falcon Metals Limited
For personal use only Falcon Metals Limited ASX: FAL T: +61 8 9322 3960 Level 3, 46 Colin Street, West Perth WA 6005 E: info@falconmetals.com.au GPO Box 428 West Perth WA 6872 www.falconmetals.com.au
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