Falcon Metals Ltd · ASX:FAL
Falcon Metals — AMEC Investor Briefing (April 2024)
27 slides from Falcon Metals's conference presentation, Apr 9, 2024
Slide 1: AMEC Investor Briefing: Pursuing major discoveries in Victoria
For personal use only AMEC Investor Briefing Pursuing major discoveries in Victoria COMPANY PRESENTATION COMPANY PRESENTATION | APRIL | APRIL 2024 2024 ASX : FAL ASX : FAL
Slide 2: Important Notice and Disclaimers
Important Notice and Disclaimers This presentation has been prepared by Falcon Metals Ltd ACN 651 893 097 (Company). It contains general background information only which is An investment in the Company's securities is subject to known and unknown risks, many of which are beyond the control of the C
Slide 3: Falcon Project Portfolio
Falcon Project Portfolio Pyramid Hill Project, VIC Hawkstone Project JV • The largest land position in the prospective Bendigo Zone being For personal use only actively screened for the next major gold discovery • Major gold aircore drilling program underway with several priority prospects identifie
Slide 4: Corporate Overview
Corporate Overview Top Shareholders Capital Structure and Financials For personal use only A$0.125 177M 17.4M Share Price Shares Options (5 April 2024) on Issue A$15.1M Nil A$22.1M Cash Debt Market Cap (31 Dec 2023) (@ $0.125) 4 COMPANY PRESENTATION | APRIL 2024
Slide 5: Directors & Management
For personal use only Directors & Management DR MARK TIM ALEX KATINA PRADEEP DOUG BENNETT MARKWELL DORSCH LAW SUBRAMANIAM WINZAR Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Chief Financial Officer Exploration Manager 30+ years’ experience in 25+ years’ experie
Slide 6: Pyramid Hill Project
Pyramid Hill Project For personal use only Gold, VIC Multiple mineralised zones being discovered The project areas occur on the Dja Dja Wurrung, Taungurung and Yorta Yorta land. Falcon acknowledge their ongoing connection to the land and pay our respect to them, their culture and their elders, past,
Slide 7: The Opportunity
The Opportunity Underexplored world class, high-grade gold province beneath cover • 60Moz gold produced since 1850’s from outcropping South Bendigo Zone, For personal use only 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 8: The Opportunity: Screening undercover program well advanced
The Opportunity Screening undercover program well advanced • Over 200,000m of aircore drilled at Pyramid Hill For personal use only • Over 150km of strike length of prospective structures being targeted • Regional screening continues to generate multiple gold targets for follow up drilling with high
Slide 9: New Gold Zones Identified: High-grades near Pyramid Hill
New Gold Zones Identified High-grades intersected near Pyramid Hill • 2023 drill program generated the best first pass gold aircore results at Pyramid Hill since inception: For personal use only • PHAC1359 4m @ 0.47g/t Au from 137m; including • 1m @ 1.53g/t Au from 139m • First phase of infill inter
Slide 10: New Gold Zones Identified: Regional screening
New Gold Zones Identified Regional screening identifying new targets • Highlights from Falcon’s first pass 2023 drilling include new target at Eddington: For personal use only • PHAC1654 3m @ 0.59g/t Au from 68m; including • 1m @ 1.4g/t from 68m • PHAC1659 2m @ 0.42g/t Au from 100m (hole ending in m
Slide 11: Farrelly Prospect
Farrelly Prospect For personal use only Mineral Sands, VIC High-grade mineral sands intersected 11 COMPANY PRESENTATION | APRIL 2024
Slide 12: Farrelly Mineral Sands Prospect
Farrelly Mineral Sands Prospect Shallow high-grade results • Victoria’s Murray Basin hosts several major mineral sands projects with associated Rare Earth Elements (REE) at advanced stages of For personal use only development • Reconnaissance aircore drilling results announced March 2024 returned se
Slide 13: Farrelly Prospect – cross section
Farrelly Mineral Sands Prospect Farrelly Prospect – cross section For personal use only 13 COMPANY PRESENTATION | APRIL 2024
Slide 14: Mt Jackson Project
Mt Jackson Project For personal use only Gold and Base Metals, WA Active work program for 2024 The project areas occur on the Ngadju and Marlinyu Ghoorlie land. Falcon acknowledge their ongoing connection to the land and pay our respect to them, their culture and their elders, past, present and emer
Slide 15: Mt Jackson Project: Untested greenstone with surface gold
Mt Jackson Project Untested greenstone with surface gold and pathfinder geochemical response For personal use only • Located 110km north of Southern Cross • 100% owned, underexplored northern end of the Southern Cross greenstone belt where it converges with the regional Koolyanobbing Shear Zone • So
Slide 16: Mt Jackson Project: Drilling planned for Q2 2024
Mt Jackson Project Drilling planned for Q2 2024 For personal use only • Soil sampling results completed in 2023 defined anomalies for Au, and coincident Ni, Cu & PGM’s, coincident with interpreted mafic and/or ultramafic rocks • Awaiting heritage survey • Moving Loop Electromagnetic survey planned f
Slide 17: Investment Highlights
Falcon Metals Investment Highlights For personal use only • Highly decorated team with a history of ‘company making’ discoveries (Julimar, Nova-Bollinger, Thunderbox, Waterloo) • Actively screening >7,000km2 holding in one of the world’s most exciting high-grade gold regions for the next major disco
Slide 18: Falcon Metals Limited contact details
For personal use only Falcon Metals Limited Investor Relations Suite 6, Level 6, 350 Collins St, Melbourne VIC 3000 Ben Creagh PO Box 106 Flinders Lane VIC 8009 E benc@nwrcommunications.com.au T +61 3 8648 6684 E tmarkwell@falconmetals.com.au ASX : FAL W falconmetals.com.au
Slide 19: Appendix: Pyramid Hill
Appendix Pyramid Hill For personal use only Gold Project, VIC 19 COMPANY PRESENTATION | APRIL 2024
Slide 20: The Opportunity: Fosterville ultra high-grade
The Opportunity Fosterville – ultra high-grade • Grade gradually increased with depth from 2012-2016 For personal use only • Discovery of Swan Zone in 2017 led to massive grade increase with highlights including 8.8m @ 991g/t incl. 0.95m @ 9,115g/t1 • Reserve increased to 2.7Moz @ 31g/t2 in 2018 wit
Slide 21: Karri Prospect
Karri Prospect Large scale prospect with significant primary gold zones intersected over 3.5km of strike For personal use only • 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 22: Ironbark Gold Prospect
Ironbark Gold Prospect Ironbark – Multiple Diorites • Several analogous high-grade diorite-associated gold deposits in Eastern Victoria (Walhalla-Woods Point For personal use only Goldfields) including Cohen’s Reef (~1.5Moz @ 32g/t Au)1 • Five diorites now identified with primary mineralisation that
Slide 23: Wandoo Prospect
Wandoo Prospect High-grade zone developing • Located 20km west of 22Moz Bendigo goldfield For personal use only • Primary quartz veins dipping to the west, open to the south • Highlights from 2023 infill drilling include: – 8m @ 3.72g/t Au from 59m; including – 2m @ 11.43g/t Au from 59m; that includ
Slide 24: Bamganie Goldfield
Bamganie Goldfield Historical goldfield with scale potential First ever drilling at Bamganie located 35km southeast of Ballarat For personal use only • Historical goldfield mined in early 1900’s with 2.5km strike length of workings • Never previously drilled with only modern exploration an extensive
Slide 25: Appendix: Farrelly Prospect
Appendix Farrelly Prospect For personal use only Mineral Sands, VIC 25 COMPANY PRESENTATION | APRIL 2024
Slide 26: Comparison Mineral Sands Deposits
Comparison Mineral Sands Deposits Victorian Murray Basin published JORC Resources Company - Deposit Mt THM% Zircon Rutile Leucoxene Ilmenite Monazite Xenotime VHM%6 In Situ VHM%7 For personal use only ACDC Metals1 - Goschen Central 628 1.9% 24% 9% 12% 23% 4% 0.5% 73% 1.4% Astron – Donald2 2,634 4.6%
Slide 27: Farrelly Prospect – potentially high-value mineral suite
Mineral Sands Farrelly Prospect – potentially high-value mineral suite • Preliminary mineralogical assessment via select grain counting and high-level sachet scanning shows potential high-value mineral sands suite with encouraging levels of Zircon, rutile and ilmenite For personal use only Sachet Sc