IMARC
Sydney
Pursuing Major Discoveries
COMPANY PRESENTATION | | OCTOBER 2024 | ASX : FAL |
Falcon Project Portfolio
Hawkstone Project JV
Mt Jackson Project
PERTH
Viking Project JV
Pyramid Hill
Project
Pyramid Hill Project, VIC
- Largest land position in the prospective Bendigo Zone and Murray Basin Mineral Sands Province
- High-grademineral sands discovery at the Farrelly Deposit
- Major gold aircore drilling program generating targets set to resume Q1 2025
Mt Jackson Project, WA
- 100% owned, underexplored part of the Southern Cross belt
- Soil sampling and ground EM survey defined several high-priority drill targets for gold and nickel
• Maiden drill program completed, results November 2024
MELBOURNE
Joint Ventures
- Viking Gold Project - Earn-in to 70% plus 100% owned tenure, 30km ESE of Norseman
• Hawkstone Nickel-Copper Project - Stavely Minerals (ASX: SVY) earning up to 80% in two Falcon applications in the Kimberley region
3 COMPANY PRESENTATION | OCTOBER 2024
Corporate Overview
Top Shareholders
8.2%
7.1%
6.1%
2.4%
76.2%
4 COMPANY PRESENTATION | OCTOBER 2024
Capital Structure and Financials
A$0.17 | 177M | 18.5M | ||
Share Price | Shares | Options | ||
(24 Oct 2024) | on Issue | |||
A$10.9M | Nil | A$30.1M | ||
Cash | Debt | Market Cap | ||
(30 Sep 2024) | (@ $0.17) | |||
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 | OCTOBER 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 | OCTOBER 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 | TiO2 |
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 | OCTOBER 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 several thick high-grade intercepts
- Initial grain counting and mineralogical assessment shows potential for high value mineral suite similar to other Murray Basin deposits
- Follow-updrilling in May 2024 confirmed high-grade Farrelly discovery, open in several directions
8 COMPANY PRESENTATION | OCTOBER 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-gradezone
- 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 | OCTOBER 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 | OCTOBER 2024
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