Flagship Minerals Limited · ASX:FLG
Flagship Minerals — Investor Presentation (June 2025)
33 slides from Flagship Minerals's investor presentation, Jun 10, 2025
Slide 1: Corporate Overview
Metals that Matter. For personal use only Corporate Overview ASX: 10 Jun 2025
Slide 2: Strategy and Projects
Strategy and Projects Develop oxide style projects in superior strategic settings For personal use only to position as a low-cost producer of Gold and Copper 1. Lower cost Projects in lower cost jurisdictions with well defined permitting regulations 2. Proximity Projects with access to key infrastru
Slide 3: Corporate snapshot
Corporate snapshot Compelling value drivers, underwritten by large Au inventory For personal use only Paul Lock Chairman & Managing Director Capital Structure1 Broad experience in international mineral resource initiatives . Former Market Cap1a ~A$12m @ 5.3c/share project financier and corporate adv
Slide 4: Pantanillo Gold
Pantanillo Gold Fenix - RIO2 (TSX: RIO) 4.8 Moz @ 0.38g/t Au M&I QFE Advanced Large Scale Oxide Gold Project in prolific Maricunga Gold Belt, Chile. For personal use only US$1,237/oz Au AISC12 US$125m Const. funding with Wheaton Precious Hosts 47.4Mt @ 0.69g/t Au for 1.05Moz Au QFE1 of mineralisatio
Slide 5: Flagship's current gold peer group
Flagship's current gold peer group 4 Where are the best value Au oz's? For personal use only 300 Flagship Minerals: <A$14/oz Au5 PANTANILLO GOLD PROJECT, CHILE 47.5Mt @ 0.69g/t for 1.05Moz Au QFE Mineralisation5 Enterprise Value (A$, 6 June 2025) / M&I&I Au oz 250 Supported by NI 43-101 and 20,531m
Slide 6: Oxides: Often big and simple w' low strip
Oxides: Often big and simple w' low strip 4,5,6,11,12 Pantanillo: An advanced oxide gold project with strong analogues and scale potential, positioning flagship for a lower cost fast track to free cash flow For personal use only 0.8 Flagship Minerals (ASX: FLG) Flagship will achieve this focusing on
Slide 7: Growth analogue
As the growth shown in this graph may not be achievable, this information should not be relied upon by investors. Growth analogue 4,5,10,11,12 ASX's Saturn Metals and TSX's RIO2 provide strong oxide For personal use only heap leach analogues for Flagship's Pantanillo. 600 RIO2 - A$583m Under Flagshi
Slide 8: Work plan to feasibility
Work plan to feasibility Work to date on Pantanillo is substantial, facilitating an For personal use only accelerated work program to feasibility. WE ARE HERE Pantanillo Option Signed Assess and validate exploration, drilling, metallurgical data Re-assay existing Core & Lab Pulps, confirmatory met t
Slide 9: Pantanillo Gold Project
For personal use only Pantanillo Gold Project Advanced Large Scale Oxide Gold Flagship Minerals | Metals that Matter 9
Slide 10: Pantanillo Gold
Pantanillo Gold The Maricunga Gold Belt is a leading gold province, with a >65Moz Au endowment. For personal use only Flagship's Pantanillo >110km2 Exploitation Concessions: • 47.4Mt @ 0.69g/t Au for 1.05Moz Au = <0.5% of total holding. • QFE to be converted to JORC (2012) Mineral Resource. • Target
Slide 11: Pantanillo Gold
Pantanillo Gold 492200 E 492400 E 492600 E 492800 E 493000 E B 6965200 N Flagship is positioned for expansion of current 6965000 N m QFE mineralisation and addition of new prospects. 00 For personal use only Zone ~6 slised 6964800 N Miner The Pantanillo gold deposit is: 6964600 N 492750 E 6964600 N
Slide 12: Inventory Growth Plan I
Inventory Growth Plan I Flagship has a 3 step plan to grow its gold inventory. For personal use only 1. Lowering Cut-off Grade: 492750 E 6964600 N 492800 E 6964800 N 6965000 N 492850 E 6965200 N • Current QFE cut-off grade is 0.3g/t. A B • Potential to be lowered to 0.15-0.20g/t Au in line with othe
Slide 13: Inventory Growth Plan II
Inventory Growth Plan II Substantial drill intersections under current Pit Shell = Opportunity For personal use only 492000 E 492200 E 492400 E 492600 E 492800 E 493000 E 493200 E B B 6965600 N B Zone of potential 6965400 N for near surface mineralisation 2010 QFE Pit Shell PN-09 0.3g/t Cutoff 69652
Slide 14: Inventory Growth Plan II
Inventory Growth Plan II Substantial drill intersections under current Pit Shell = Opportunity For personal use only 492000 E 492200 E 492400 E 492600 E 492800 E 493000 E 493200 E B B 6965600 N B Zone of potential 6965400 N for near surface mineralisation 2010 QFE Pit Shell PN-09 0.3g/t Cutoff 69652
Slide 15: Inventory Growth Plan II
Inventory Growth Plan II Substantial drill intersections under current Pit Shell = Opportunity For personal use only 492000 E 492200 E 492400 E 492600 E 492800 E 493000 E 493200 E 6964800S 492400E 6965000S 6965200S 6965400S 6965600S B B PN 6965600 N B PN N -10 2010 QFE N-1 AR -15 Pit Shell A B DD 0-
Slide 16: Inventory Growth Plan III
Inventory Growth Plan III Two high priority extensional targets (T1 & T2) and 5 satellite targets (T3-T7). For personal use only Flagship Minerals | Metals that Matter 16
Slide 17: Pantanillo - Key Takeaways
Pantanillo - Key Takaways • Pantanillo is an advanced oxide gold project For personal use only • Strong analogues and scale potential - RIO2 - Fenix - Saturn Metals - Apollo Hill • Measured (~79%) and Indicated (~20%) mineralisation • Substantial metallurgical work • Substantial inventory upside in
Slide 18: Rosario Copper Project
For personal use only Rosario Copper Project High Grade Oxide Copper-Silver Flagship Minerals | Metals that Matter 18
Slide 19: Rosario Cu: Infrastructure rich setting
Rosario Cu Infrastructure rich setting. For personal use only Chile has a world class copper endowment. Rosario is a high grade oxide style Cu-Ag project located in a highly active mining district. Mineralised zones are associated with fractured and brecciated rocks. Oxide copper cathode attracts a
Slide 20: Rosario Cu: Highly prospective, under explored
Rosario Cu Highly prospective, under explored. For personal use only Rosario has all the hallmarks of a low cost high margin oxide copper project. Three distinct prospective trends with a combined strike length of ~15km: • The zones are interpreted to be from 20m wide up to 200m wide, with assays up
Slide 21: For personal use only
For personal use only Flagship Minerals | Metals that Matter 21
Slide 22: For personal use only
For personal use only Flagship Minerals | Metals that Matter 22
Slide 23: Projects Under Review
For personal use only Projects Under Review Tama Atacama Lithium & RK Lithium Flagship Minerals | Metals that Matter 23
Slide 24: Tama Atacama Li and RK Lithium
Tama Atacama Li RK Lithium Tier 1 Lithium Brine JORC (2012) MRE Defined For personal use only ~1,200km2 under Option for 100%, >1,000km2 Project aligned with Thai Govt. EV and LIB of granted Exploration Concessions. manufacturing policies • Surface assays up to 2,200ppm Li, average • Thai Federal, p
Slide 25: Important Information
For personal use only Important Information Flagship Minerals | Metals that Matter 25
Slide 26: Important information
Important information Disclaimer Important This presentation has been prepared by Flagship Minerals Limited, a Singapore based company To the extent permitted by law, FLG and its officers, employees, related bodies corporate and agents For personal use only with Reg. No. 201729187E (‘FLG’ or ‘Pan As
Slide 27: Important information
Important information Competent Persons Statement for RK Lithium Project MRE 2. Key shareholders as at 7 March, 2025. 2a. This amount includes FLG Managing Director Paul Lock's The information in this report that relates to Mineral Resources is based on information compiled by Ms holding of 35,502,5
Slide 28: Important information
Important information pea/ 7. Sourvenir, M., & Therrien, S. (2025, January 6). Heap, leach and reap: The low-cost solution for low- For personal use only grade ores [Analyst report], 3L Capitalis. See slide 30, Tectonic Metal Inc Corporate Presentation dated April 2025. 8. Data and statistics regard
Slide 29: Important Information - Peer Group I
Important Information - Peer Group I TABLE 1 - PEER GROUP MINERAL RESOURCE COMPARISON DATA Measured Indicated Inferred Total For personal use only # Company Ticker Project Country Stage Mt g/t Au gt/Ag Moz Au Moz Ag Mt g/t Au gt/Ag Moz Au Moz Ag Mt g/t Au gt/Ag Moz Au Moz Ag Mt g/t Au gt/Ag Moz Au M
Slide 30: Important Information - Peer Group II
Important Information - Peer Group II TABLE 2 - PEER GROUP ORE RESERVE COMPARISON DATA Proven Probable Total For personal use only # Company Ticker Project Country Stage Mt g/t Au gt/Ag Moz Au Moz Ag Mt g/t Au gt/Ag Moz Au Moz Ag Mt g/t Au gt/Ag Moz Au Moz Ag Moz Au Eq Oxides: Often big and simple w
Slide 31: Important information - Peer Group III
Important information - Peer Group III FLAGSHIP'S CURRENT GOLD PEER GROUP - SLIDE 4 10/04/2025 and titled 'Investor Presentation - Resources Rising Stars' viewed on 18/05/2025 from https://announcements.asx.com.au/ asxpdf/20250410/pdf/06hlb314gtj0mm.pdf. a - Gorilla Gold Mines (ASX-GG8): Key Project
Slide 32: Important information
Important information RELEVANT ASX RELEASES 18 Apr 2024: Tama Atacama Lithium - PAM to Submit RFI for 1200km2 23 Nov 2022: Reung Kiet Lithium Project - Drilling Update Readers are advised to refer to the following ASX releases for details and other 10 Jul 2024: Tama Atacama Lithium - Exploration Con
Slide 33: Metals that Matter
Metals that Matter. For personal use only ASX: flagshipminerals.com Copyright 2025 Flagship Minerals Limited. All Rights Reserved.
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