Falcon Metals Ltd · ASX:FAL
Falcon Metals — Shareholder Meeting (November 2023)
22 slides from Falcon Metals's shareholder meeting presentation, Nov 28, 2023
Slide 1: Pursuing major gold discoveries in Victoria
Gold panned from PHAC1030 – 51-52m Annual General Meeting Pursuing major gold discoveries in Victoria COMPANY PRESENTATION COMPANY PRESENTATION | 28 NOVEMBER | 28 NOVEMBER 2023 2023 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 Gold Project, VIC • The largest land position in the prospective Bendigo Zone being actively screened for the next major gold discovery • Major aircore drilling program commenced October 2023 • Several priority prospects identified for follow up drilling Mt Jack
Slide 4: Corporate Overview
Corporate Overview Top Shareholders Capital Structure and Financials 7.9% 7.1% 6.6% A$0.135 177M 14.8M Share Price Shares Options 2.0% (27 Nov 2023) on Issue 75.9% A$16.1M Nil A$23.9M Cash Debt Market Cap Tim Goyder (30 Sep 2023) (@ $0.135) Franklin Templeton The Goldman Sachs Group Board Other 4 CO
Slide 5: Directors & Management
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’ experience in Managing Direct
Slide 6: Pyramid Hill Project
Project Pyramid Hill Gold Project, VIC New gold trends being discovered in Bendigo Zone 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, present
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, 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 undiscovered gold in the Northe
Slide 8: Wandoo Prospect
Wandoo Prospect High-grade zone developing • Located 20km west of 22Moz Bendigo goldfield • Highest priority target from benchmarking of first pass regional drilling against other prospects at the same stage • Follow-up aircore drilling announced June 2023 outlined a 300m x 200m zone of high- grade
Slide 9: Ironbark Prospect
Ironbark Prospect Ironbark – Multiple Diorites • Several analogous high-grade diorite-associated gold deposits in Eastern Victoria (Walhalla-Woods Point Goldfields) including Cohen’s Reef (~1.5Moz @ 32g/t Au)1 • Five diorites now identified with primary mineralisation that extends into the Castlemai
Slide 10: Ironbark Prospect
Ironbark Prospect Ironbark East Diamond drill results • 5 diamond holes at Ironbark East • 1 diamond hole under new diorite discovered 200m to the west • Results: • Several narrow high-grade zones intersected with grades up to 10.8g/t • Wide mineralised zone intersected in hole PHIRDD010 that indica
Slide 11: New Zones Identified
New Zones Identified Regional program delivering new targets Northern Project Area • Two new gold anomalous zones in Castlemaine Group Stratigraphy identified in northern project area in wide spaced regional aircore drilling (280m between holes) • Highlights from Falcon’s first pass drilling include
Slide 12: New Zones Identified
New Zones Identified Regional program delivering new targets Southern Most Line Drilled • Anomalous results returned from southern most line drilled, 30km SW of Bendigo in wide spaced regional drilling • Highlights from Falcon’s first pass drilling include: • 3m @ 0.59g/t Au from 68m; including • 1m
Slide 13: Bendigo Permit Granted
Bendigo Permit Granted New permits granted surrounding world class goldfield • Historical gold production of 22Moz from under Bendigo City • Surrounding exploration ground has been largely ignored and some areas never drilled • Bendigo permit EL7839 • 174km2 with populated areas deliberately exclude
Slide 14: WA Projects
Project WA Projects Active work program for 2023/24 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 emerging. 14 COMPANY PRESENTATION | 28 NOVEMBER
Slide 15: Mt Jackson Project
Mt Jackson Project Untested greenstone with surface gold and pathfinder geochemical response • 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 • Southern Cross Greenston
Slide 16: Mt Jackson Project
Mt Jackson Project Drilling planned for Q2 2024 • Soil sampling results completed in 2023 defined anomalies for Au, and coincident Ni, Cu & PGM’s, coincident with interpreted mafic and/or ultramafic rocks • Due to encouraging results, project expanded with additional application to the north • Infil
Slide 17: Viking Project
Viking Project Advanced Gold & REE 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% interest in E63
Slide 18: Investment Highlights
Falcon Metals Investment Highlights • 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 discovery • Major drilling
Slide 19: Falcon Metals Limited Investor Relations
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 20: Appendix: Pyramid Hill Gold Project, VIC
Appendix Pyramid Hill Gold Project, VIC 20 COMPANY PRESENTATION | 28 NOVEMBER 2023
Slide 21: The Opportunity
The Opportunity Fosterville – ultra high-grade • Grade gradually increased with depth from 2012-2016 • 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 with free milling ore and
Slide 22: Wandoo Prospect Cross-section
Wandoo Prospect Cross-section 22 COMPANY PRESENTATION | 28 NOVEMBER 2023