Flynn Gold Ltd · ASX:FG1
Flynn Gold — IPO Roadshow (May 2021)
26 slides from Flynn Gold's IPO roadshow presentation, May 2021
Slide 1: IPO May 2021
Exploring for gold in two emerging camps – Northeast Tasmania & WA’s Pilbara region IPO May 2021
Slide 2: Project Portfolio
Project Portfolio Highlights • Outstanding position in two emerging gold camps • New gold projects being discovered • Limited historical exploration • Projects held 100% by Flynn Gold Pilbara WA • 6 tenements and applications • 448 km2, 100% Flynn Gold (via PTR) • Emerging gold camp • Adjacent to He
Slide 3: Flynn Gold Capital Structure
Flynn Gold Capital Structure Capital Structure Shares (million) Current Shares outstanding 31.75 Shares from conversion of Converting Notes1 13.33 Forecast total shares at IPO (pre-money) 45.1 Lead Manager options2 3.000 Exec Director Performance Rights 1.000 IPO offer share price A$0.20/sh Pre-Mone
Slide 4: Flynn Gold Significant Shareholders
Flynn Gold Significant Shareholders Shareholdings post $10m Raise Shares % • Based on Maximum $10.0m raising • Includes shares issued on conversion of Foreign Dimensions Pty Ltd 21.7m 22.8% Converting Notes at a 25% discount to $0.20/sh (C & I Bourke Family) IPO price PJ Davis Pty Ltd 4.1m 4.3% • In
Slide 5: Board and Management
Board and Management Board & Management • 4 decades with market leading big box hardware chain Bunnings Group, including as COO and company director. Clive was a key executive contributor to the establishment and continued development of the Bunnings group, one of Australia’s most recognisable and s
Slide 6: Northeast Tasmania Gold
Northeast Tasmania Gold Northeast Tasmania: under-explored Mathinna Beds geology and mineralisation - Analogous to Victorian Goldfields Northeast Victoria Tasmania ~$1m2 $81.4m1 Gold Exploration Expenditure 2019/20 (Mathinna) 82 Moz Historic Production 2.7 Moz 200 km Outcropping Zone 100 km ✓ Interp
Slide 7: Tasmania – A Tier 1 Mining Jurisdiction
Tasmania – A Tier 1 Mining Jurisdiction “One of the most mineralised places on the planet” • Rich in diverse mineral resources and operating mines, including several world-renowned deposits • Quality operating and investment jurisdiction - Stable political and regulatory environment with government
Slide 8: Northeast Tasmania Gold – Two Priority Targets
Northeast Tasmania Gold – Two Priority Targets Flynn Gold has a dominant position in the belt and first-mover advantage Portland Gold Project Golden Ridge Project • High-grade “Fosterville-style” • Multi-million ounce bulk gold mineralisation confirmed tonnage gold deposit target • +20 km strike pot
Slide 9: Golden Ridge
Golden Ridge Bulk tonnage, IRGD/TAG potential and high grade historical intersections – Fort Knox look-alike Brilliant Prospect DDH (Billiton & MPI, 1980’s-1990’s) • 34.5m at 1.30g/t Au (trench) • 73m at 1.76g/t Au from 107m • 95m at 0.95g/t Au from 126m • 49m at 1.20 g/t Au from 68m • 41m at 1.25g/
Slide 10: Golden Ridge Brilliant prospect – IRGD/TAG target
Golden Ridge Brilliant prospect – IRGD/TAG target Drill core: Brilliant Shingle breccia: Kensington • Broad gold intersections characteristic of IRGD style deposits • Historical drilling only tests 100-150m of strike. Potentially open in all directions Visible gold: Brilliant • No drilling between B
Slide 11: Golden Ridge Brilliant prospect – IRGD/TAG target
Golden Ridge Brilliant prospect – IRGD/TAG target • Historical drilling targeting old workings and trench results • Broad intervals of anomalous gold • Mineralisation hosted in hornfels/silicified ridge in Mathinna Beds at contact of Open intrusive • Mineralisation and alteration consistent with lar
Slide 12: Portland Gold Project – Second Priority Target
Portland Gold Project – Second Priority Target Portland Gold Project • High-grade “Fosterville-style” gold mineralisation confirmed • +20 km strike potential of multiple exploration targets • Outcropping discovery at Windy Ridge (10m@5.3g/t Au) • Extensive As-in-soil anomalies • Govt co-funded maide
Slide 13: Portland Project - Victorian 'Slate Belt style' Orogenic Gold
Portland Project - Victorian ‘Slate Belt style’ Orogenic Gold • Historic goldfield 1870-1917, mining grades of 15-45 g/t Au • +20-30km prospective strike identified – Historical workings – Magnetics – Rocks, soils surveys completed • Highlights of previous shallow, wide- spaced drilling include: – G
Slide 14: Portland Gold Project - Grand Flaneur
Portland Gold Project - Grand Flaneur 14
Slide 15: Portland Gold System – Comparison to Victorian gold camps
Portland Gold System – Comparison to Victorian gold camps 22 Moz 9 Moz 6 Moz Fosterville Bendigo Castlemaine Chewton Portland Wattle Gully Camp-Scale Geochem Dispersion Footprints • As most mobile in near-surface 10 km environment • Sb and Au less so As enrichment >30 ppm >20 ppm >20 ppm >20 ppm Sb
Slide 16: Pilbara, Western Australia
Pilbara, Western Australia Pilbara WA • 6 tenements and applications • 448 km2, 100% Flynn Gold (via PTR) • Emerging gold camp • Adjacent to Hemi discovery by DEG.ASX (Hemi results incl. 46m at 6.6g/t Au; DEG Mallina resource 2.2 Moz) • Modern gold rush 16
Slide 17: Pilbara Gold
Pilbara Gold Mt Goldsworthy “SS Flynn Gold SS i Applications Flynn Gold Applications Pilgangoora Li-Ta att Flynn Gold Granted eK Wodgina Li-Ta Flynn Gold
Slide 18: Pilbara Gold – Mt Dove
Pilbara Gold — Mt Dove kilometres Scale 1:160,000 E 45/5055 S ‘. \ / ‘ \ NS. 'AC_Near_E47_3888 by Max_Au_ppb] oa KN_WASG4_StreamSed_Edit_SAV by Au KN_WASG4_Soils_Edit_SAV by Au ” zone en) / Au soil or stream sediment anomaly (FMG and 15 65300 (1) ou Dw ® vse Aol ors t% 125 (1) Tto 10 (2) e 75 to 10
Slide 19: Timeline and Exploration Budget: A$10.0m IPO
Timeline and Exploration Budget: A$10.0m IPO Timeline IPO Feb 2018 Nov 2019 Feb 2020 Q2 2021 H2 2021 Aug-Oct 2020 Oct 2020 H1 2021 Soil sampling defines $2.6M private Covid-19 crisis Golden Ridge Portland Follow-up Increase JV Con Notes Pilbara ground Windy Ridge prospect capital raise hits Verifica
Slide 20: Indicative Timetable: ASX IPO
Indicative Timetable: ASX IPO Stage Indicative Date Lodgement of Prospectus with ASIC Tuesday, 30 March 2021 Offer period opens for the Equity Offer Wednesday, 7 April 2021 Offer period closes for the Equity Offer Friday, 23 April 2021 Issue of Shares and Broker Options Monday, 3 May 2021 Dispatch o
Slide 21: Important Notice & Disclaimer
Important Notice & Disclaimer This document is issued by Flynn Gold Limited (“Flynn Gold”) to provide summary information about Flynn Gold and its associated entities and their activities current as at the date of this document. The information contained in this document is of general background and
Slide 22: Mathew Watkins
Mathew Watkins Company Secretary +61 3 9692 7222 mwatkins@leydinfreyer.com.au www.flynngold.com.au For a copy of the prospectus, please go to www.flynngold.com.au
Slide 23: Appendix: ASX IPO
Appendix: ASX IPO Flynn Gold Limited is progressing its IPO – target ASX listing date 10 May 2021 Role Provider Lead Manager Taylor Collison Limited CFO and Company Secretaries Melanie Leydin & Mathew Watkins, Leydin Freyer Legal Counsel Quinert Rodda & Associates Pty Ltd Project Manager Chris White
Slide 24: Appendix: NE Tasmania Gold Project – dominant land position
Appendix: NE Tasmania Gold Project – dominant land position Mangana Project 24
Slide 25: Appendix: Henty Zinc Project
Appendix: Henty Zinc Project • Historical Zn belt • Previous exploration provides large data sets. Shallow drilling • CSA Global report confirms 16 targets with potential for Irish style and intrusive-related deposits • Known mineralisation at Grieves, Myrtle, Oceana1, Austral, Silver King and Marip
Slide 26: Appendix: Koolyanobbing Gold Project, Yilgarn WA
Appendix: Koolyanobbing Gold Project, Yilgarn WA • Yilgarn greenstone belts prolific hosts of gold • 9 tenement applications within the Marda-Diemals greenstone belt • Includes gold and iron ore occurrences 26