Business
Falcon Metals : AGM Presentation
Falcon Metals : AGM
About this update from Falcon Metals Ltd
Annual General Meeting Pursuing Major Discoveries COMPANY PRESENTATION | NOVEMBER 2024 ASX : FAL Falcon Project Portfolio Errabiddy Gold Project, WA Earn-in to 70% plus 100% owned tenure • Cratonic margin gold project in similar structural setting to the Hawkstone Project JV Pyramid Hill Gold Project, VIC • Largest land position in the prospective Bendigo Zone Gold Province 5.4Moz 1 Tropicana Gold Mine Errabiddy Project JV Includes Olsen Well Gold Target, a 3km long untested soil anomaly Mt Jackson Project • Major gold aircore drilling program generating multiple priority targets, set to resume Q4 2024 Mt Jackson Project, WA PERTH 100% owned prospect in the Southern Cross belt Drill program completed on soil anomaly and EM targets Viking Project JV Farrelly Mineral Sands Project Pyramid Hill Gold Project MELBOURNE Farrelly Mineral Sands Project, VIC High-grade mineral sands discovery at the Farrelly Deposit Positive results from first pass metallurgical test work Large ground holding in world class Murray Basin Mineral Sands Province 1 https://www.anglogoldashanti.com/ 3 COMPANY PRESENTATION | NOVEMBER 2024 Corporate Overview Top Shareholders 8.2% 7.1% 6.1% 2.4% 76.2% 4 COMPANY PRESENTATION | NOVEMBER 2024 Capital Structure and Financials A$0.145 177M 18.5M Share Price Shares Options (27 Nov 2024) on Issue A$10.9M Nil A$25.7M Cash Debt Market Cap (30 Sep 2024) (@ $0.145) Directors & Management DR MARK BENNETT Non-Executive Chair 30+ years' experience in gold and base metal exploration Founding Managing Director of Sirius Resources, discovered Nova-Bollinger Currently the Executive Chairman of S2 Resources TIM MARKWELL Managing Director 30+ years' experience in gold and base metal exploration with expertise in geology, fund management, and mining Held the role of Investment Manager of the African Lion funds at Lion Selection Group for 14 years ALEX DORSCH Non-Executive Director As Managing Director, led Chalice through an exceptional and transformational growth period following the Gonneville discovery Diverse experience in the resources sector in a variety of management, advisory, and consultancy roles KATINA LAW Non-Executive Director 30+ years in the mining industry, including board roles with ASX-listed explorers Served as Chair of Finance and Audit committees and has a strong commitment to corporate governance Currently NED at Yandal Resources PRADEEP DOUG SUBRAMANIAM WINZAR Chief Financial Officer Exploration Manager Chartered accountant with 25+ years' experience in broad financial and gold, base metal and commercial experience diamond exploration 15+ years' experience, Held the role of including with Exploration Project PricewaterhouseCoopers Manager for IGO in the working with Australian Kimberley Region and NT and international companies 5 COMPANY PRESENTATION | NOVEMBER 2024 Farrelly Deposit Mineral Sands, VIC The project areas occur on Dja Dja Wurrung land. Falcon acknowledge their ongoing connection to the land and pay our respect to them, their culture and their elders, past, present and emerging. High-grade mineral sands discovery 6 COMPANY PRESENTATION | NOVEMBER 2024 Mineral Sands - Introduction What are they? What are they used for? Zircon Titanium Minerals A Zirconium silicate mineral Titanium oxides including Ilmenite, Rutile and Leucoxene Other Zr TiO 2 Monazite Phosphate mineral with high Rare Earth Element (REE) content Other REE Source: How much are Source: TZMI Zircon and Rutile Pricing (US$/t) $2,500 Source: TZMI www.arultd.com/produ cs/supply-amd- demandI Monazite Pricing (US$/t) they worth? $2,000 $5,850 $1,500 $5,800 $1,000 $5,750 $5,700 $500 $5,650 $0 $5,600 $5,550 $5,500 Zircon Rutile Source: www.iluka.com 7 COMPANY PRESENTATION | NOVEMBER 2024 Source: www.metal.com High-grade Mineral Sands Discovery Underexplored world class minerals province • Victoria's Murray Basin hosts several major mineral sands projects with associated Critical Minerals including Rare Earth Elements ( REE ) at advanced stages of development • Several of these are adjacent to Falcon's northwestern permits including WIM Resource, VHM, ACDC and Iluka • FAL announced in May 2024 a high-grade mineral sands discovery at the Farrelly Deposit, 12km south of Boort: Farrelly Previously explored by CRA in 1980's Despite intersecting some high-grade zones, limited follow-up FAL completed regional mineral sands reconnaissance drilling in late 2023, testing several zones which returned multiple thick high-grade intercepts Initial grain counting and mineralogical assessment shows potential for high value mineral suite similar to other Murray Basin deposits Follow-up drilling in May 2024 confirmed high-grade Farrelly discovery, open in several directions 8 COMPANY PRESENTATION | NOVEMBER 2024 Farrelly Mineral Sands Deposit Shallow high-grade discovery Of 91 holes announced in May 2024: 33 holes contained intersections >10% THM 11 holes contained intersections >20% THM Thick continuous zone of high-grade mineralisation defined over 1,200 x 600m Open in several directions with some of the best holes on the edge of the currently defined high-grade zone Drill holes grades appear significantly higher than other deposits in the region at this scale Planning for extensional drilling underway subject to cropping, land access and weather Continuing to seek access to conduct low impact exploration drilling 9 COMPANY PRESENTATION | NOVEMBER 2024 Farrelly Mineral Sands Deposit Shallow high-grade discovery • PHAC2062 26m @ 8.9% THM from 6m; including 5m @ 12.9% THM from 13m • PHAC2073 22m @ 9.2% THM from 8m, including 12m @ 15.1% THM from 16m; that also includes 3m @ 20.3% THM from 21m • PHAC2064 20m @ 9.0% THM from 10m; including 9m @ 14.9% THM from 17m • PHAC2063 22m @ 7.8% THM from 8m; including 10m @ 13.8% THM from 15m • PHAC2030 18m @ 9.5% THM from 9m; including 10m @ 15.5% THM from 14m; that also includes 2m @ 23.1% THM from 16m • PHAC2046 16m @ 10.6% THM from 11m, including 8m @ 18.3% THM from 13m; that also includes 4m @ 20.2% THM from 14m • PHAC1996 19m @ 8.5% THM from 11m, including 8m @ 13.9% THM from 16m • PHAC1997 17m @ 9.3% THM from 10m, including 7m @ 17.7% THM from 14m; that also includes 3m @ 21.8% THM from 16m • PHAC2068 11m @ 14.1% THM from 16m, including 10m @ 14.8% THM from 17m; that also includes 1m @ 22.0% THM from 25m 10 COMPANY PRESENTATION | NOVEMBER 2024 Attention : This is an excerpt of the original content. 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