BELL POTTER UNEARTHED 2026
ONCE IN A BLUE MOON
COMPANY PRESENTATION | FEBRUARY 2026 ASX : FAL
COMPANY PRESENTATION | FEBRUARY 2026 ASX : FAL
Unearthing Blue Moon
The Bendigo Zone is home to two world class gold deposits:
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 Moz @ 49.6 g/t Au1), owned by
Agnico Eagle (NYSE: AEM)
Falcon is targeting the down plunge northern extension of the Bendigo Goldfield,
initially on the Garden Gully Line (~5.2Moz @ 15g/t Au2,3)
Highlights from drilling include:
1.2m @ 543 g/t Au
6.5m @ 33 g/t Au
3.4m @ 16.9 g/t Au
0.3m @ 185 g/t Au
2.75m @ 41.9 g/t Au
Confirmation Bendigo Goldfield continues north into Falcon's ground, with multiple
lines of reef to target
Seven new drill pads approved, two diamonds rigs drilling 24/7
EL007839
1 Kirkland Lake Gold MD&A 31 Dec 2017, Press Release 11 Dec 2018, Press Release 21 Feb 2019
2 November 2022. Catalyst Metals Ltd, AGM Presentation slide.13
3 November 2003 Fraser et al, The Role of Historical Research in the Development of the 'New Bendigo' Gold Project, Central Victoria
3 COMPANY PRESENTATION | FEBRUARY 2026
Corporate OverviewTop Shareholders
9.0%
Capital Structure and Financials
8.9%
20.8M
Options
212.6M
Shares on Issue
A$0.77
Share Price
(5 Feb 2026)
8.1%
60.2%
10.8%
3.0%
A$22.4M
Unaudited Cash
(31 Dec 2025)
Nil
Debt
A$163.7M
Market Cap
(@ $0.685)
TOP 20 OWN ~46%
4 COMPANY PRESENTATION | FEBRUARY 2026
Directors & Management
DR MARK BENNETT
Non-Executive Chair
TIM MARKWELL
Managing Director
ALEX DORSCH
Non-Executive Director
KATINA LAW
Non-Executive Director
PRADEEP SUBRAMANIAM
Chief Financial Officer
DOUG WINZAR
Exploration Manager
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 (S2R.ASX)
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 (LSX.ASX) for 14 years
As Managing Director when Chalice (CHN.ASX) made the Gonneville discovery, has led the company through an exceptional and transformational growth period
Diverse experience in the resources sector in a variety of management, advisory, and consultancy roles
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 (YRL.ASX)
Chartered accountant with broad financial and commercial experience across the mining, resources, and professional services sectors
Expertise spans treasury management, corporate governance, and technical project oversight
25+ years' experience in gold, base metal and diamond exploration
Held the role of Exploration Project Manager for IGO in the Kimberley Region and NT
5 COMPANY PRESENTATION | FEBRUARY 2026
Northern Extension of Bendigo Goldfield Confirmed
Gold, VIC
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 | FEBRUARY 2026
Blue Moon
EL007839 surrounds the world class Bendigo Goldfield (22 Moz @
~15 g/t Au)
Review of all data, with 3D reconstruction of the historical Bendigo workings, confirmed no previous modern exploration on the northern extension of the goldfield onto Falcon's tenure
Focus on Blue Moon, located directly along strike from the Garden Gully anticline trend (line of reefs):
The most productive in the goldfield (~5.2Moz @ 15g/t Au1,2)
Historical shafts closest to Falcon tenement boundary
Falcon's drilling is the first ever into this target, designed to test the eastern limb of the anticline down plunge from historical production
1 November 2022. Catalyst Metals Ltd, AGM Presentation slide.13
2 November 2003 Fraser et al, The Role of Historical Research in the Development of the 'New Bendigo' Gold Project, Central Victoria
7 COMPANY PRESENTATION | FEBRUARY 2026
Blue Moon - Diamond DrillingObservations from Bendigo, Ballarat and Fosterville suggested there was a strong plunge component to the high-grade mineralisation in Central Victoria
8 COMPANY PRESENTATION | FEBRUARY 2026
Northern Extension of Bendigo Goldfield ConfirmedExtended 200m along strike |
9 COMPANY PRESENTATION | FEBRUARY 2026
Wide Zone of Mineralised Quartz
First Section
10 COMPANY PRESENTATION | FEBRUARY 2026
Zoom in on First Section
200m Step-out Section
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