Falcon Metals Ltd · ASX:FAL
Falcon Metals — Investor Presentation (August 2026)
25 slides from Falcon Metals's investor presentation, Aug 28, 2026
Slide 1: Once in a Blue Moon
NOT FOR RELEASE TO U.S WIRE SERVICES ONCE IN A BLUE MOON OR DISTRIBUTION IN THE UNITED STATES The first modern test of Bendigo’s northern extension COMPANY PRESENTATION COMPANY PRESENTATION | AUGUST | AUGUST 2026 2026 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 No party other than the Company has authorised, permitted or caused the issue, submission, dispatch or provision of this prese
Slide 3: Unearthing Blue Moon
Unearthing Blue Moon World Class Gold Province • The Bendigo Zone is home to several world class gold deposits including: • Bendigo Goldfield (22 Moz @ ~15 g/t Au) famous for its high- grade reef style free-milling gold since its discovery in 1851; and • Fosterville Gold Mine with the Swan Zone (2.3
Slide 4: Corporate Overview
Corporate Overview Top Shareholders Capital Structure and Financials 8.9% 8.8% 7.1% A$0.68 213.7M 16.5M 5.4% Share Price Shares Options (25 August 2026) on Issue 5.2% 61.0% 3.5% Jupiter A$15.4M Nil A$145.4M Franklin Templeton Tim Goyder Macquarie Group Other Institutional Investors Board & Managemen
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 30+ years’ experience in As Managing Dir
Slide 6: Blue Moon
Blue Moon Gold, VIC Northern Extension of Bendigo Goldfield Confirmed Blue Moon occurs on Dja Dja Wurrung land. Falcon acknowledges their ongoing connection to the land and pay our respect to them, their culture and their elders, past and present. 6 COMPANY PRESENTATION | AUGUST 2026
Slide 7: Bendigo – A World Class Deposit
Bendigo – A World Class Deposit Produced >200koz pa for 65 consecutive years • One of the highest-grade major goldfields ever discovered • Total production – 22 Moz @ ~15g/t Au • High-grade is controlled by anticlinal structures • Continuous along strike, reefs can go for kilometres • Multiple stack
Slide 8: Blue Moon – The Right Location
Blue Moon The Right Location • Bendigo Goldfield trends north • Falcon controls the down-plunge northern continuation: • 6km of strike extent to test • 3D reconstruction of underground workings shows historical mining of high-grade reefs stopped just short of Falcon tenure • Initial focus on the Gar
Slide 9: Blue Moon – The Right Location
Blue Moon The Right Location • Bendigo Goldfield trends north • Falcon controls the down-plunge northern continuation: • 6km of strike extent to test • 3D reconstruction of underground workings shows historical mining of high-grade reefs stopped just short of Falcon tenure • Initial focus on the Gar
Slide 10: Blue Moon – The Right Location
Blue Moon The Right Location • Bendigo Goldfield trends north • Falcon controls the down-plunge northern continuation: • 6km of strike extent to test • 3D reconstruction of underground workings shows historical mining of high-grade reefs stopped just short of Falcon tenure • Initial focus on the Gar
Slide 11: Blue Moon – Diamond Drilling
Blue Moon – Diamond Drilling Confirmation Bendigo extends onto Blue Moon Permit Observations from Bendigo, Ballarat and Fosterville suggested there was a strong plunge component to the high-grade mineralisation in Central Victoria 11 COMPANY PRESENTATION | AUGUST 2026
Slide 12: Northern Extension of Bendigo Goldfield Confirmed
Northern Extension of Bendigo Goldfield Confirmed Extended 850m along strike on Garden Gully Line OPEN FOR >5km • Mineralised zones defined >850m at Garden Gully line • Five quartz zones intersected with visible gold • Classic Bendigo characteristics: • Multiple stacked reefs • Continuous along stri
Slide 13: 3D Fly Through
3D Fly Through Click here to view the Blue Moon fly-through 13 COMPANY PRESENTATION | AUGUST 2026
Slide 14: Multiple Target Zones
Multiple Target Zones Lotus Zone - Visible Gold on three sections tested BMDD001W1 – visible gold at 544.6m BMDD001W1 – visible gold at BMDD003 – visible gold at 607.6m in intercept 1.2m @ 543g/t Au from 544.9m in intercept 1.2m @ in intercept 2.75m @ 41.9g/t Au 544.2m¹ 543g/t Au from 544.2m from 60
Slide 15: Density Imaging of Core From BMDD001W1 Intercept
Density Imaging of Core From BMDD001W1 Intercept Click here to view the Micro-CT visualisation ¹See ASX Announcement dated 11 July 2025 “First wedge hole at Blue Moon hits 1.2m @ 543g/t Au” 15 COMPANY PRESENTATION | AUGUST 2026
Slide 16: Drilling Ramping up
Drilling Ramping up Blue Moon is Now a Scale Play • Drilling momentum: • 200m step-out drilling testing >2km strike at Garden Gully with two rigs • Third rig testing new reefs • Seven drill pads approved • Approvals in progress for many more sites for expanded program • Upside potential - system rem
Slide 17: Errabiddy Gold Project
Errabiddy Gold Project Gold and Base Metals, WA Potential high impact project in an emerging goldfield This Errabiddy Gold Project area occurs on Wajarri Yamatji land. Falcon acknowledges their ongoing connection to the land and pay our respect to them, their culture and their elders, past, present
Slide 18: Errabiddy Project JV
Errabiddy Project JV Falcon Earning up to 70% of Craton Margin Gold Project • Situated in the Errabiddy shear zone on the north-western margin of the Yilgarn • Located 35km southeast of Benz Mining’s emerging Glenburgh deposit • Recently announced 10.1-12.0Moz Exploration Target1 1 ASX announcement
Slide 19: Olsen Well Gold Target
Olsen Well Gold Target 5.8km long soil anomaly, open along strike, never been drilled • Errabiddy is considered highly prospective and remains underexplored • No previous drilling for gold • High-priority Olsen Well target drill ready: • 5.8km long soil anomaly >10ppb Au • Four consecutive soil samp
Slide 20: Olsen Well Gold Target
Olsen Well Gold Target 5.8km long soil anomaly, open along strike, never been drilled • Errabiddy is considered highly prospective and remains underexplored • No previous drilling for gold • High-priority Olsen Well target drill ready: • 5.8km long soil anomaly >10ppb Au • Four consecutive soil samp
Slide 21: Falcon Metals Investment Highlights
Falcon Metals Investment Highlights 1• Highly decorated team with a history of ‘company making’ discoveries (Julimar, Nova-Bollinger, Thunderbox, Waterloo) 2• High-grade visible gold confirms continuation of Bendigo Goldfield onto Falcon tenure, with wedge intersections incl. 1.2m @ 543g/t Au, 6.5m
Slide 22: International Offer Restrictions
International Offer Restrictions 22 COMPANY PRESENTATION | AUGUST 2026
Slide 23: International Offer Restrictions
International Offer Restrictions This presentation does not constitute an offer of new ordinary shares (“New Shares”) of the Company in any Language of documents in Canada. Upon receipt of this document, each investor in Canada hereby confirms that jurisdiction in which it would be unlawful. In part
Slide 24: International Offer Restrictions
International Offer Restrictions New Zealand Any invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000, as amended (“FSMA”)) received in connection with the issue or sale of the New This presentation has not been re
Slide 25: 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