Falcon Metals Ltd · ASX:FAL
Falcon Metals — Investor Presentation (February 2023)
21 slides from Falcon Metals's investor presentation, Feb 8, 2023
Slide 1: Pursuing major gold discoveries in Victoria
For personal use only Gold panned from PHAC1030 – 51-52m BELL POTTER UNEARTHED 2023 Pursuing major gold discoveries in Victoria 8 FEBRUARY 2023 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 An investment in the Company's securities is subject to known and unknown risks, many of which are beyond background information only which i
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 • Major AC drill program underway • New mineralised zone at Ironbark with assays awaited Viking Gold Project, WA • Earn-in to 70% plus 100% own
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$0.23 177M 12.3M Share Price Shares on Issue Options (6 Feb 2023) The Goldman Sachs Group 6.6% Board 2.0% A$23M Nil A$40.7M Cash Debt Market Cap (31 Dec 2022) (@ $0.23)
Slide 5: Pyramid Hill Project
Pyramid Hill Project For personal use only New mineralised zones 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/t Au1 • 90% of mines had a recovered grade of >8.5g/t Au1 • 32Moz Au (P50 mid case) of undiscove
Slide 7: Ironbark Prospect: Diorite targets in Bendigo
Ironbark Prospect For personal use only Diorite targets in Bendigo • Primary mineralisation at Ironbark was discovered at Ironbark in 2019 by regional aircore drilling on a soil anomaly over magnetic highs • Logging confirmed mineralisation along the contacts and within diorites • Several analogous
Slide 8: Ironbark Prospect: Initial discovery – Ironbark North and South
Ironbark Prospect For personal use only Initial discovery – Ironbark North and South • Initial focus was prominent magnetic anomalies further defined by ground magnetic surveys • Primary gold mineralisation was intersected in diorites at both targets • Infill aircore drilling completed along contact
Slide 9: Ironbark Prospect: Ironbark East discovery
Ironbark Prospect For personal use only Ironbark East discovery • Ironbark East discovered in July 2021 with drilling on interpreted magnetic high partially obscured by palaeochannel • 13m @ 1.52g/t Au from 113m (ending in mineralisation) • 9m @ 0.91g/t Au from 61m • Infill aircore completed July 20
Slide 10: Ironbark East Cross Section
Ironbark Prospect For personal use only Ironbark East Cross Section • Ironbark East aircore hole PHAC1030 returned: • 40m @ 2.8 g/t Au from 50m1; including ▪ 26m @ 4.2 g/t Au from 51m; that includes o 2m @ 15.4 g/t Au from 51m, o 1m @ 17.1 g/t Au from 62m, o 1m @ 10.1 g/t Au from 70m and o 1m @ 12.0
Slide 11: Ironbark Prospect: Ironbark Central
Ironbark Prospect For personal use only Ironbark Central • High definition magnetics survey completed in November 2022 showed evidence of more diorites • New primary mineralisation at Ironbark Central announced 1st February 2023 • Ironbark Central: • 32m @ 0.5g/t Au from 100m; including ▪ 4m @ 3.0g/
Slide 12: 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 13: Wandoo – high priority target for aircore drilling
Wandoo – high priority target for aircore drilling For personal use only Benchmarking 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 13
Slide 14: 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 15: WA Projects
For personal use only WA Projects 15
Slide 16: 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 recently earned a 51%
Slide 17: 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 18: 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 19: 2023 Project Timeline
2023 PROJECT TIMELINE For personal use only Q1 Q2 Q3 Q4 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Aircore drilling - Ironbark, Wandoo & regional Drilling Pyramid Hill Soil sampling, land access & review recommences Diamond drilling Project review, heritage survey and land Viking access Phase 1
Slide 20: Investment Highlights
Investment Highlights For personal use only • Highly decorated team with a history of ‘company making’ discoveries (Julimar, Nova-Bollinger, Thunderbox, Waterloo) • >5,000km2 holding in one of the world’s most exciting high-grade gold regions • Major drilling program underway at Pyramid Hill - new m
Slide 21: 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
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