Flagship Minerals Limited · ASX:FLG
Flagship Minerals — Investor Presentation (October 2025)
29 slides from Flagship Minerals's investor presentation, Oct 14, 2025
Slide 1: Metals that Matter. Corporate Overview
Metals that Matter. For personal use only Corporate Overview ASX: 14 October 2025
Slide 2: Strategy and Projects
Salares Norte Gold Fields Rosario Copper Strategy and Projects Flagship Minerals El Salvador Codelco Chanaral Low Capex and Opex projects Santo Domingo Capstone Copper For personal use only Mantoverde in superior strategic settings Capstone Copper Nueva Esperanza Kingsgate La Coipa Kinross 1. Cost L
Slide 3: Corporate snapshot
Corporate snapshot Compelling value drivers, underwritten by a large Au inventory For personal use only Paul Lock Chairman & Managing Director Capital Structure1 Broad experience in international mineral resource initiatives . Former project financier and corporate advisor with big balance sheets an
Slide 4: Pantanillo Gold: Advanced Large Scale Oxide Gold Project
Pantanillo Gold Rosario Copper Flagship Minerals Advanced Large Scale Oxide Gold Project Fenix - RIO2 (TSX: RIO) 4.8 Moz @ 0.38g/t Au M&I QFE in the 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
Slide 5: Xinhai - Strategic Investor & EPC Partner
Xinhai - Strategic Investor & EPC Partner To provide 'in-house' expertise and services related to metallurgy and mineral processing Procurement For personal use only • Manufacturing studies, EPC and project financing • 3rd Party Engineering • inc. Metallurgy Xinhai is a leading global process engine
Slide 6: Flagship's current gold peer group
As the growth shown in this graph may not be achievable, this information should not be relied upon by investors. Flagship's current gold peer group 4 How much are you paying for those gold oz's? For personal use only 300 Flagship Minerals: ~A$38/oz Au5 PANTANILLO GOLD PROJECT, CHILE Enterprise Valu
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 Rio2's Fenix project is located 40km north of Pantanillo Under For personal use only 1000 Construction ~A$990m 900 800 Market Cap (A$, 13 October 2025) 700 R
Slide 8: Pantanillo: Advanced oxide gold
Pantanillo: Advanced oxide gold 4,5,6,11,12 Strong analogues and scale potential, positioning for lower cost For personal use only 0.8 Flagship Minerals (ASX: FLG) Flagship will achieve this focusing on oxide gold Pantanillo (Chile) (and copper) i.e. heap leachable mineralisation: 1.05 Moz Au QFE* H
Slide 9: A plan for growth
A plan for growth Leveraging substantial work to date for an accelerated For personal use only work program. WE ARE HERE Pantanillo Option Signed Assess and validate exploration, drilling, metallurgical data Re-assay existing Core & Lab Pulps, confirmatory met testing Prep drill data and assess requ
Slide 10: Pantanillo Gold
Pantanillo Gold The Maricunga Gold Belt is a leading gold province, with a >100Moz 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. • Targe
Slide 11: Pantanillo Gold
Pantanillo Gold Pit shell is 850m x 200-600m Sits in 5km x 1.2km soils trend For personal use only Open along strike and down dip Gold in soil anomaly approximately 5km long and up to 1.2km wide: • Gold anomaly supported by elevated copper and molybdenum as well as other pathfinders. • Large target
Slide 12: Pantanillo Gold: Column leach testwork
Pantanillo Gold Column leach testwork shows high and rapid gold recovery for oxide mineralisation For personal use only High gold recoveries were achieved through The column leach testwork results derisk and facilitate cyanidation of crushed material Flagship’s next phase of leaching testwork. • Gol
Slide 13: Inventory Growth Plan I
Inventory Growth Plan I Flagship has a 4 step plan to grow its gold inventory. For personal use only 1. Lowering Cut-off Grade: • Current QFE cut-off grade is 0.3g/t. • Potential to be lowered to 0.15-0.20g/t Au in line with other projects. • Capturing solid green and blue blocks within current pit
Slide 14: Inventory Growth Plan II
Inventory Growth Plan II Substantial drill intersections under current Pit Shell = Opportunity For personal use only Flagship Minerals | Metals that Matter 14
Slide 15: Inventory Growth Plan II
Inventory Growth Plan II Substantial drill intersections under current Pit Shell = Opportunity For personal use only Flagship Minerals | Metals that Matter 15
Slide 16: Inventory Growth Plan II
Inventory Growth Plan II Substantial drill intersections under current Pit Shell = Opportunity For personal use only Flagship Minerals | Metals that Matter 16
Slide 17: Pantanillo - Key Takeaways
Pantanillo - Key Takaways • An advanced oxide gold project For personal use only • Xinhai's participation brings capital and engineering/mining experience • Measured (~80%) and Indicated (~20%) mineralisation • Conversion to JORC compliant MRE in 2025 • Material MRE update in 2025, without drilling
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: Important Information
For personal use only Important Information Flagship Minerals | Metals that Matter 21
Slide 22: Important information
Important information Disclaimer Important This presentation has been prepared by Flagship Minerals Limited, a Singapore based company with To the extent permitted by law, Flagship and its officers, employees, related bodies corporate and For personal use only Reg. No. 201729187E (‘FLG’ or ‘Flagship
Slide 23: Important information
Important information Competent Persons Statement for RK Lithium Project MRE 2025 and titled 'Convertible Note Update - Strong Support Received'; Tranche 2 for A$200k principal The information in this report that relates to Mineral Resources is based on information compiled by Ms outstanding and yie
Slide 24: Important information
Important information the JORC Code. 6. All data from recent company presentations, company regulatory releases and financial reports: For personal use only a. Saturn Metals (ASX: STN) Corporate Presentation released on the ASX platform on 9 September 2025, see slides 8, 10 and 20: https://announcem
Slide 25: Important Information - Peer Group
Important Information - Peer Group TABLE 1 - PEER GROUP MINERAL RESOURCE COMPARISON DATA Measured Indicated Inferred Total # Company Ticker Project Country Stage Mt g/t Au gt/Ag Moz Au Moz Ag Mt g/t Au gt/Ag Moz Au Moz Ag Mt g/t Au gt/Ag Moz Au Moz Ag Mt g/t Au gt/Ag Moz Au Moz Ag Moz Au Eq* For per
Slide 26: Important Information - Peer Group
Important Information - Peer Group TABLE 2 - PEER GROUP AISC DATA AND SOURCE INFORMATION AISC Source For personal use only Company Ticker Project Country Stage Currency ASIC Date Title & Source Growth analogue - AISC Reference Saturn Metals STN (ASX) Apollo Hill Aus. Feasibility A$ 1,857 16/10/2023
Slide 27: Important information - Peer Group
Important information - Peer Group FLAGSHIP'S CURRENT GOLD PEER GROUP PANTANILLO: ADVANCED OXIDE GOLD 1 - Felix Gold (ASX-FXG): Key Projects: NW Array & Gant - Mineral Resource Effective as at 20/06/2024, source document dated 20/06/2024 16 - Hochschild Mining (LSE-HOC): Key Projects: Volcan - Miner
Slide 28: Important information
Important information RELEVANT ASX RELEASES 3 May 2021: Reung Kiet Lithium Project - Drilling Update 10 Jul 2023: Bang I Tum Lithium Prospect Exploration Target Update Readers are advised to refer to the following ASX releases for details and other 29 Jun 2021: Reung Kiet Drilling Update 14 Jul 2023
Slide 29: 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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