Announcement PDF ABN 82 644 122 216 Annual Report For the year ended 30 June 2024 Table of Contents Corporate Directory 2 Chairman’s Letter 3 Review of Operations 6 Directors’ Report 26 Corporate Governance Statement 33 Remuneration Report 34 Auditor’s Independence Declaration 45 Financial Report 46 Consolidated Statement of Loss and Other Comprehensive Loss 47 Consolidated Statement of Financial Position 48 Consolidated Statement of Changes in Equity 49 Consolidated Statement of Cash Flows 50 Notes to the Consolidated Financial Statements 51 Consolidated Entity Disclosure Statement 73 Directors’ Declaration 74 Independent Auditor’s Report 75 Shareholder Information 79 FG1 | Annual Report 2024 | 1 Corporate Directory Registered Office Level 4 96-100 Albert Road South Melbourne VIC 3205 Directors Clive Duncan, Non-Executive Chairman Neil Marston, Managing Director & CEO Samuel Garrett, Technical Director John Forwood, Non-Executive Director Company Secretary Mathew Watkins Contact W: www.flynngold.com.au E: info@flynngold.com.au T: +61 3 9692 7222 Auditors William Buck Level 20, 181 William Street Melbourne, VIC 3000 Stock Exchange Listing Australian Securities Exchange ASX code: FG1 / FG1O Share Register Computershare Investor Services Pty. Ltd. Yarra Falls 452 Johnston Street Abbotsford Victoria 3067 Telephone: 1300 850 505 FG1 | Annual Report 2024 | 2 Chairman’s Letter FG1 | Annual Report 2024 | 3 Chairman’s Letter Dear Shareholders, It is with pleasure that I present Flynn Gold Limited’s (ASX: FG1 and FG1O) 2024 Annual Report to you. The 2024 financial year has provided significant optimism for the Company as its exploration focus continued across its gold and battery metals projects, predominantly in Tasmania. The period was highlighted by the Company’s exploration successes at the Golden Ridge project, and the first phases of drilling at the advanced Firetower and Warrentinna projects which were acquired in June 2023 from Greatland Gold plc. Flynn’s “Target Zero” philosophy towards workplace safety has again been rewarded with another year with no lost-time incidents. I would like to sincerely thank all our staff and contractors for their positive attitude to workplace safety and addressing potential hazards as they identified. A safe and inclusive workplace is a core pillar in the Company’s strategy for success. One year ago, gold was trading for about US$1,900/oz. Now in September 2024 gold is trading for over US$2,500/oz, an increase of over 30%, creating much needed excitement about the future prospects of the gold industry. Unfortunately, these record gold prices have not yet translated into the share price performance of most ASX-listed micro-cap gold explorers, including Flynn Gold Limited. Nonetheless, there is broad consensus amongst industry analysts that market interest in micro-cap gold explorers will increase in the near term, especially for those companies achieving exploration success. The Company successfully executed a number of capital raising activities during the year to raise $4.38 million. These funds have allowed the Company to continue a significant amount of exploration work and as such I thank all shareholders who participated in the capital raisings and welcome those new investors who are now Flynn shareholders. Our Golden Ridge Project in northeast Tasmania, has received the most exploration focus this year featuring a mix of reconnaissance activities, which have highlighted new exploration prospects, and drilling at the Trafalgar prospect as we look to expand the zones of high-grade mineralisation. A detailed model of the mineralised system at Trafalgar has been developed and is being updated as results become available. The modelled deposit comprises multiple, structurally-controlled gold-rich zones which are open in most directions. The Trafalgar results complement earlier drilling success by Flynn along trend at the Brilliant deposit and the interconnecting Link Zone which continues to justify Flynn’s exploration strategy that the Golden Ridge Project has the potential makings of a large-scale intrusive-related gold system. Drilling at the Company’s Firetower and Warrentinna projects in 2023 has yielded some encouraging early results. The Firetower project is a gold and polymetallic deposit with significant enrichment of the critical minerals of cobalt and tungsten which is located in the rich Mount Read Volcanics. The Warrentinna project has multiple lode style auriferous quartz veins hosted in turbiditic sediments similar to the prolific Victorian Goldfields. FG1 | Annual Report 2024 | 4 Chairman’s Letter The Warrentinna goldfield is defined by shallow historic workings over a strike length of 6km, and with our initial campaign targeting gold mineralisation in the north of the goldfield, the remainder is largely untested. The positive progress made by Flynn this past year on multiple targets across the Company’s projects provides confidence that the Company is well placed to achieve some significant milestones in FY2025. On behalf of all shareholders, I would like to thank all our management team and employees for their efforts across Flynn’s operations during the reporting period. They have all strived for success and efficiencies that improve the Company’s operations. Finally, thank you to our shareholders who have shown loyalty towards and belief in the Company’s exploration strategy during difficult market conditions. We look forward to major successes in FY2025 and will keep you updated on our activities as news become available. Yours Sincerely Clive Duncan FG1 | Annual Report 2024 | 5 Review of Operations FG1 | Annual Report 2024 | 6 Review of Operations Company Background Flynn Gold Limited (“Flynn” or “the Company”) is an Australian mineral exploration company with a portfolio of 100% owned exploration projects in Tasmania and Western Australia (see Figure 1). The Company has eight 100% owned exploration licences located in northeast Tasmania which are highly prospective for gold as well as tin/tungsten. The Company also has the Henty zinc-lead-silver project on Tasmania’s mineral-rich west coast and the Firetower gold and battery metals project located in northwest Tasmania. Flynn has also established a portfolio of gold-lithium exploration assets in the Pilbara and Yilgarn regions of Western Australia. Figure 1: Projects Location Map FG1 | Annual Report 2024 | 7 Review of Operations Tasmania Projects During the past 12 months, the Company’s primary exploration activities have been in Tasmania with the majority of the Company’s efforts focussed on the Golden Ridge, Firetower and Warrentinna Projects. The exploration strategy for the Tasmanian projects is aimed at discovering new gold mineralisation using structural interpretation, geological mapping, geochemistry, trenching and drilling. Target selection and testing utilises a model‐driven approach, based on the ore genesis models. Figure 2: Project’s Location Map FG1 | Annual Report 2024 | 8 Review of Operations Golden Ridge Project The Golden Ridge Project is considered to be an Intrusive Related Gold System (IRGS) which consists of multiple prospects and historical gold workings along a nine-kilometre-long intrusive granodiorite-hornfels metasediment contact zone. At Golden Ridge, Flynn is actively working to identify and test multiple exploration targets, with the aim of making further discoveries. Figure 3 - Golden Ridge Project Geology Regional Soil Sampling UltraFine+ soil sampling has been progressively undertaken at Golden Ridge since May 2022 and has highlighted the known gold prospect areas, as well as several new target areas with gold anomalism not associated with historic workings. During the reporting period multiple new areas of anomalous gold in soils were identified for follow-up exploration, including the Grenadier, Duke, Trafalgar North and Big Penny prospects. The granodiorite-metasediment contact zone soil anomaly remains open along trend beyond the Grenadier and Big Penny prospects, significantly extending the potential scale of the project. FG1 | Annual Report 2024 | 9 Review of Operations Trenching and Mapping Program Following up on anomalous gold in soils located at Trafalgar North, 250m north of the historic Trafalgar mine1, Flynn discovered an area of previously unmapped historic prospecting trenches, pits and adits. The main feature is a 240m long north-south trench with numerous gold bearing veins. Field mapping and vein sampling at Trafalgar North recorded 17 out of 36 samples assayed over 10g/t Au, including 99.4g/t Au, 76.6g/t Au and 67.1g/t Au. Assays from trench channel sampling recorded high-grade mineralised intervals including: • • • • 11.0m @ 2.0g/t Au including 3.3m @ 6.3g/t Au 16.5m @ 1.3g/t Au including 1.5m @ 6.8g/t Au and 4.0m @ 2.4g/t Au 9.0m @ 0.6g/t Au including 1m @ 2.1g/t Au, and 1.0m @ 4.2g/t Au Diamond Drilling During the year, the Company conducted two drilling programs at the Trafalgar prospect, which is the first location where the intrusive granodiorite-hornfels contact has been drill tested by Flynn. Phase 2 diamond drilling, designed to test the extent and continuity of the gold vein system previously intersected, was completed in August 2023. Phase 3 diamond drilling commenced in April 2024, with 5 holes (TFDD016-020) for 1,550 metres completed in August 2024. Holes TFDD016 – 018 were drilled to test for extensions to the mineralisation intersected in the previous phases of drilling at Trafalgar. Holes TFDD019 and TFDD020 were drilled at the adjacent Trafalgar North prospect to test for gold mineralisation beneath the outcropping mineralised veins identified by trenching and channel sampling. Drilling has confirmed the mineralised footprint at Trafalgar/Trafalgar North now extends for over 500m across strike with gold mineralisation intersected over a strike length of at least 400m and depths from surface of over 400m (see Figure 4). These latest drilling results are being interpreted and built into the Golden Ridge geological model. Further surface trenching and diamond drilling at Trafalgar North is being planned to test for strike extensions, initially to the west of TFDD020. Geological Vein Modelling A 3D geological vein model has been developed for the Trafalgar prospect. The model interprets three main gold mineralised vein zones, accompanied by a network of subsidiary mineralised splay veins and sheeted vein swarms bifurcating off the main veins (see Figure 4). All of the main mineralised veins transect the granodiorite – hornfelsed metasediments contact, with gold mineralisation hosted in both the granodiorite and metasediment host rocks 1 2 See FG1 ASX Announcement dated 17 April 2024 for full details. See FG1 ASX Announcements dated 14 September 2023, 10 October 2023 and 22 November 2023 for full details. FG1 | Annual Report 2024 | 10 Review of Operations Of the three main vein zones, the “Trafalgar Main” vein is the highest grade and most dominant. The other two main zones are the “Magazine” vein and “Trafalgar South” vein. These strike sub-parallel / oblique to the Trafalgar Vein and are currently interpreted to terminate against the Trafalgar Main vein hanging wall at depth. Multiple splay veins and sheeted vein arrays have been modelled to capture mineralised vein zones of varying gold grades, widths and orientations that accompany the main veins. Significant intersections from Phase 2 diamond drilling (TFDD014-TFDD015) include2: Drillhole ID From (m) To (m) Interval (m) Au (g/t) TFDD014 including 32.0 37.0 39.0 38.0 7.0 1.0 0.54 1.61 TFDD015 67.0 91.0 157.0 167.0 167.0 168.95 191.7 191.7 204.55 205.2 300.1 306.5 353.2 353.9 377.4 396.0 68.0 95.0 157.45 207.0 169.4 169.4 193.3 192.5 207.0 205.75 300.6 307.0 354.3 354.3 378.0 397.0 1.0 4.0 0.45 40.0 2.4 0.45 1.6 0.8 2.45 0.55 0.5 0.5 1.1 0.4 0.6 1.0 5.09 0.86 4.05 1.02 2.83 11.35 8.56 13.95 5.10 20.22 1.41 2.06 51.3 137.8 1.53 1.08 including including and including and including including Significant intersections from Phase 3 diamond drilling (TFDD016-TFDD020) are shown in Figure 4 and include3 Drillhole ID From (m) To (m) Interval (m) Au (g/t) TFDD016 57.5 135.2 164.6 164.6 182.2 182.2 57.8 135.6 166.0 165.1 183.8 182.6 0.3 0.4 1.4 0.5 1.6 0.4 3.2 10.8 12.7 35.1 1.5 5.6 including including 1 3 See FG1 ASX Announcements dated 28 May 2024, 2024 for 19 full Julydetails 2024 and 16 September 2024 for full details. FG1 | Annual Report 2024 | 11 Review of Operations Drillhole ID including including including TFDD017 including TFDD018 including and including TFDD019 and including TFDD020 including including From (m) To (m) Interval (m) Au (g/t) 187.55 187.55 233.0 233.9 243.2 248.7 249.2 315.1 315.1 347.0 43.7 232.0 233.0 188.2 187.85 234.2 234.2 243.5 250.0 249.6 316.4 315.5 348.0 44.4 235.0 234.0 0.65 0.3 1.2 0.3 0.3 1.3 0.4 1.3 0.4 1.0 0.7 3.0 1.0 10.5 19.0 3.5 12.3 39.2 21.9 67.6 2.1 6.0 1.0 1.0 1.3 2.5 231.5 281.9 281.9 282.2 292.6 292.6 232.0 283.0 282.2 283.0 293.6 292.9 0.5 1.1 0.3 0.8 1.0 0.3 2.9 4.9 7.7 3.9 5.5 16.3 115.6 119.0 122.2 165.6 170.0 173.65 174.0 198.4 205.5 209.5 230.15 335.0 440.2 116.7 120.0 122.55 170.4 170.4 174.35 174.4 199.1 206.0 210.0 230.5 336.0 440.5 1.1 1.0 0.35 4.8 0.4 0.7 0.4 0.7 0.5 0.5 0.35 1.0 0.3 1.8 1.2 4.8 4.0 24.0 2.5 4.5 1.9 4.5 2.9 1.4 1.3 25.1 53.1 53.4 70.3 74.5 77.4 115.4 115.4 56.15 53.75 71.35 75.7 77.8 118.1 115.75 3.05 0.35 1.05 1.2 0.4 2.7 0.35 4.9 40.0 3.8 2.0 1.8 4.1 26.6 FG1 | Annual Report 2024 | 12 Review of Operations Figure 4 - Trafalgar Prospect - Drill Hole Location Plan FG1 | Annual Report 2024 | 13 Review of Operations Figure 5 - TFDD019/TFDD020 Cross Section Metallurgical Testwork A program of metallurgical testwork was undertaken in the last quarter of 2023 with the aim of establishing whether the gold at the Trafalgar Prospect was readily recoverable using conventional leaching processes4. A total of 26 samples across a wide range of gold grades and mineralisation types were tested for gold recovery by cyanide using a bottle roll leach. The samples used in these tests were taken from the bulk residues from the earlier laboratory testwork and each weighed 1kg. The average gold recovery for the 26 samples was 94.5%. From these results it appears that the gold at the Trafalgar Prospect will be recoverable using conventional leaching processes. 4 See FG1 ASX Announcement dated 22 November 2023 for full details. FG1 | Annual Report 2024 | 14 Review of Operations Link Zone Prospect The Link Zone prospect is located along the prospective granodiorite-metasediment contact zone between the Trafalgar and Brilliant prospects. Previous exploration at the Link Zone has included mapping, soil and rock chip sampling and a 5-hole scout RC drilling campaign targeting gold-in-soil anomalies at the top of the ridge. During the reporting period Flynn carried out mapping and sampling over the Link Zone prospect focusing on the re-discovered historical Golden Ridge adit area5. The historical workings (circa 1895) comprise a 150m long adit and numerous prospecting trenches at the top of the ridge. The adit intersects mineralised veins some 50m vertically below the prospecting trenches and structural evidence suggests the gold-rich veins sampled in the adit are consistent with those mapped and sampled in the surface trenches. Trench grab sample assays returned grades up to 7.97g/t Au, and adit grab samples returned grades up to 64.4g/t Au, indicating high-grade gold over a 50m vertical interval from surface and open to depth. RC drillhole LZRC001 was drilled 120m along strike of the mineralised trenches and intersected multiple intervals up to 4.91g/t Au within an interpreted mineralised zone of approximately 20m horizontal width. The Company is planning to undertake further drilling at the Link Zone, targeting high-grade gold mineralisation beneath the Golden Ridge adit. Figure 6 – Golden Ridge Adit - Plan View 5 See FG1 ASX Announcement dated 21 May 2024 for full details. FG1 | Annual Report 2024 | 15 Review of Operations Warrentinna Project The Warrentinna Project (EL30/2004) is located 40km northwest of Flynn’s Golden Ridge Project. The tenement was acquired from Greatland Gold plc (“Greatland”) in June 20236. Warrentinna encompasses two historic goldfields, Forester and Warrentinna. High-grade gold deposits were mined at both fields in the late 1800s and early 1900s. The Warrentinna goldfield is defined by numerous historic workings and largely untested prospects over a strike length of 6km. High-grade gold quartz lodes were previously mined, both at surface and underground, at deposits such as the Golden Mara mine, which recorded production of 3,368oz at an average of 1 oz/tonne7. Figure 7 – Warrentinna Project Geology and Gold Prospects 6 7 See FG1 ASX Announcement dated 5 June 2023 for full details. Blake, F. 1934b. The Golden Mara Mine, Warrentinna. Unpublished Report, Department of Mines, Tasmania. FG1 | Annual Report 2024 | 16 Review of Operations Flynn drilled two diamond holes (DNDD001 &DNDD002) for a total of 357m at the Derby North prospect, with the results confirming the continuity of orogenic style gold mineralisation identified in historical drilling. The holes were drilled in the opposite direction to historic RC and diamond drilling. Figure 8 – Warrentinna Prospect – Drill Cross Section through DNDD001 The drilling confirmed gold mineralisation at Warrentinna occurs in multiple sub-parallel lode style quartz veins. Veins strike north to north-northeast and are steeply dipping to the east and west. The result yielded critical stratigraphic and structural information which will guide Flynn in the interpretation of historic data and the refinement of the vein model. FG1 | Annual Report 2024 | 17 Review of Operations Significant intersections from Warrentinna diamond drilling include: Drillhole ID From (m) To (m) Interval (m) Au (g/t) DNDD001 11.1 68.9 75.1 92.0 94.6 13.15 77.93 77.2 97.13 94.9 1.55 7.18 2.1 4.83 0.3 0.3 2.47 6.97 1.2 5.58 176.0 176.45 191.0 178.7 176.8 191.6 2.7 0.3 0.6 0.89 3.78 1.25 including including DNDD002 including Firetower Project The Firetower Project is located in northwest Tasmania and covers an area of 62 square kilometres. The project lies in the eastern parts of the highly mineralised Mt Read volcanic sequence which hosts major polymetallic base metals and gold deposits such as Hellyer and Rosebery, copper-gold deposits such as Mt Lyell, and the Henty gold mine. Polymetallic gold-cobalt-tungsten-copper mineralisation at the Firetower prospect is currently defined by historic drilling over a strike length of 250m. The mineralisation, which partly outcrops, is currently drill-tested to approximately 150m depth and remains open down-plunge. Anomalous cobalt and tungsten was noted by previous explorers but generally not followed up. In 2023, Flynn completed one diamond drill hole (FT-2023-001) and three diamond extension tails on existing holes for a total of 496m8. Hole 2019FTD007E intersected the thickest down-hole zone of polymetallic mineralisation ever drilled at Firetower, with: • 17m @ 2.31g/t Au, 0.16% Co, 0.38% WO3 and 0.16% Cu from 121m; including: ◦ 1.7m @ 6.64g/t Au, 0.12% Co, 0.87% WO3 and 0.14% Cu from 121m and ◦ 5.5m @ 3.27g/t Au, 0.24% Co, 0.53% WO3 and 0.33% Cu from 132.5m. The results of Flynn’s drilling were highly encouraging and confirm that follow-up exploration is warranted at Firetower. Modelling of updated drill hole structural and stratigraphic data (including 3D modelling) has commenced to evaluate controls to the high-grade polymetallic Au-Co-W-Cu mineralisation at Firetower and optimise targets for potential follow-up drilling. This work is on-going. 8 See FG1 ASX Announcements dated 22 January 2024 and 26 March 2024 for full details. FG1 | Annual Report 2024 | 18 Review of Operations Significant intersections from Firetower diamond drilling include: Drillhole ID From (m) To (m) Interval (m) Au (g/t) Co (%) WO3 (%) Cu (%) 2019FTD004E including and and 111.9 118.6 124.1 138.0 121.0 121.0 125.1 139.0 9.1 2.4 1.0 1.0 0.85 1.72 1.65 0.35 0.1 0.15 0.08 0.04 0.09 0.26 0.29 0.03 0.15 0.19 0.32 0.04 2019FTD005E and 122.0 141.0 124.0 143.4 2.0 2.4 0.3 1.37 0.09 0.15 0.21 0.35 0.03 0.04 2019FTD007E including and and including including 99.3 102.0 118.1 121.0 121.0 132.5 102.7 102.7 119.0 138.0 122.7 138.0 3.4 0.7 0.9 17 1.7 5.5 0.46 1.16 0.41 2.31 6.64 3.27 0.12 0.24 0.17 0.16 0.12 0.24 0.07 0.33 0.14 0.38 0.87 0.53 0.04 0.01 0.05 0.16 0.14 0.33 FT-2023-001 and and 72.7 130.65 159.75 73.1 131.4 160.5 0.4 0.75 0.75 2.53 1.27 5.33 0.02 0.29 0.005 0.18 0.10 0.05 1.64 0.29 2.65 Preliminary outcomes of the modelling include: • The main stratigraphic host rock to Au-Co-W-Cu mineralisation comprises a sequence of interbedded volcaniclastic tuff, sandstone and siltstone-shale units which trends E-W to WNW-ESE across the prospect area and dips sub-vertically. • A series of NW-trending, moderately dipping fault zones transect and offset the mineralised host sequence (Figure 9). • The central fault, referred to as the Eureka Fault, divides currently known mineralisation into two domains – the Eureka East Zone (EEZ) in the hangingwall to the Eureka Fault, and the Eureka West Zone (EWZ) in the footwall (see Figure 10). FG1 | Annual Report 2024 | 19 Review of Operations Figure 9 – Firetower Project – Drill Hole Plan FG1 | Annual Report 2024 | 20 Review of Operations Figure 10 – Firetower Project – Section with Preliminary 3D model (looking south) Henty Zinc-Lead-Silver Project The Henty Zinc-Lead-Silver Project comprises a district-scale stratiform carbonate-hosted base metal system hosting five mineralised stratigraphic horizons identified over +50km of combined strike length. Mineralisation is identified from surface to known depths of +500m (open)9. Henty is located within 5km of the historical mining town of Zeehan, with excellent access to road, rail, power and port infrastructure. Flynn holds drilling permits to test the advanced Mariposa and Greives Siding prospects. 9 See FG1 ASX Announcements dated 14 August 2023 for full details FG1 | Annual Report 2024 | 21 Review of Operations Figure 11 – Henty Project – Geology and Prospects Plan FG1 | Annual Report 2024 | 22 Review of Operations Western Australia Projects Flynn Gold has projects in Western Australia, strategically located in districts that host large gold and lithium deposits or in districts the Company considers relatively underexplored. During the reporting period, Flynn has been most active at its Lake Johnston, Forrestania and Parker Dome Projects. Figure 12 – Forrestania Lake Johnston Projects - Tenement Location Plan Forrestania Project At Forrestania, Flynn completed a soil sampling program on Exploration Licence E77/2915, which is located 15km south-southeast of the Mount Holland Lithium mine. This first-pass, wide spaced program was designed to target the eastern margin of the Forrestania Greenstone Belt and major structures within interpreted remnant greenstone keels and roof pendants above and within fertile granitoid intrusions. FG1 | Annual Report 2024 | 23 Review of Operations Results from the program outlined four large-scale, high priority lithium anomalies, all with associated elevated pathfinder anomalism. The targets overlie distinct magnetic lows interpreted to be associated with major structures and remnant greenstone keels. Parker Dome Lithium Project During the reporting period the Company secured a one-year option to purchase Exploration Licences E77/1965 and E77/2091, which are located 50km north of the Mount Holland Lithium mine. Results from two phases of soil sampling identified six large-scale, high priority lithium anomalies, all with associated elevated pathfinder anomalism. Lake Johnston Lithium Project The Lake Johnston project is located in the highly prospective Lake Johnston greenstone belt which hosts multiple active lithium exploration targets. Pegmatites were identified on E63/2190 during 2023. Soil sampling of E63/2190 completed in late 2023 identified a large, high priority lithium target. The target is located 11km southeast of the Burmeister lithium pegmatite discovery held by TG Metals Limited. FG1 | Annual Report 2024 | 24 Review of Operations Mt Dove The Mt Dove project is approximately 25km NNW of the Wodgina Lithium Mine, 34km WNW of the Pilgangoora Lithium Mine, 45km SW of the Tabba Tabba lithium deposit and 12km SE of the Hemi gold deposit in the Pilbara region of WA. Results from a 2023 in-fill soil sampling program, outlined seven high priority coherent lithium anomalies with associated pathfinder geochemistry. The high priority anomalies reveal broad areas of lithium soil anomalism extending between 600m and 3,100m in length and between 200m and 1,000m in width. Figure 13 – Mt Dove Tenement Location Plan FG1 | Annual Report 2024 | 25 FG1 | Annual Report 2024 | 26 Directors’ Report The Directors of Flynn Gold Limited and the entities controlled (“Group”) present their report, together with the financial statements for the year ended 30 June 2024. Directors The names and details of the Group’s directors in office during the financial year and until the date of this report (unless otherwise stated) are as follows: Mr Clive Duncan (Non-Executive Chair) Experience and Clive was a Senior Executive with the Wesfarmers-owned household expertise hardware chain Bunnings Group where he worked in various capacities for over 40 years. As an Executive Director of the board of Bunnings Group, Clive gained extensive experience within multiple functions, including corporate/business development, mergers and acquisitions, business integrations, sales and profit growth, corporate governance, stakeholder relationships, strategy development, retail operations, merchandising, marketing and store development programs. Over his extensive career with the Bunnings Group, Clive was a key executive contributor to the establishment and continued development of the company into one of Australia’s most recognisable and successful retail organisations. Clive has been an investor in Pacific Trends Resources and Flynn Gold Limited from an early stage. Clive has completed the Harvard Program for Management Development at the Harvard Business School, and Finance for Non-Finance Executives at the London Business School. Clive is a Member of the Australian Institute of Company Directors (AICD). Other current ASX listed directorships Nil Former ASX listed directorships in last 3 years Nil FG1 | Annual Report 2024 | 27 Directors’ Report Mr Neil Marston (Managing Director and CEO) Experience and Neil was appointed Chief Executive Officer on 24 August 2022 and expertise Managing Director on 1 May 2023. Neil is a qualified accountant and Chartered Secretary and he was the founding Managing Director and Company Secretary of Bryah Resources Limited. Prior to this he was the Managing Director and Company Secretary of Horseshoe Metals Limited. Neil is a fellow of the Governance Institute of Australia and the Chartered Governance Institute and a Member of the Australian Institute of Company Directors (AICD). Neil has over 30 years of experience in the mining and minerals exploration sector and is a proven ASX-listed company leader, with a strong governance and corporate finance background. Other current ASX listed directorships Nil Former ASX listed directorships in last 3 years Bryah Resources Limited (ASX: BYH) (ceased on 6 December 2021) Mr Samuel Garrett (Technical Director) Experience and Sam has over 30 years of exploration management, project expertise assessment and operations experience for both multi-national and junior mining and exploration companies, including roles with Phelps Dodge Corporation and Cyprus Gold. Sam has worked in eleven countries covering a broad range of geological environments. He is a specialist in copper and gold exploration with additional experience in iron ore, base metals and other specialist commodities. Highlights of Sam’s career include discovery credits for the Havieron prospect, now owned by Greatland Gold plc, the Tujuh Bukit gold-silver-copper mine in Indonesia currently operated by Merdeka Copper Gold, the Dinkidi gold deposit in the Philippines (Oxiana) and the Mt Elliot copper mine in Queensland (Cyprus Gold). He was also the owner and developer of a successful industrial minerals mine in Queensland, Australia. Sam’s technical studies were undertaken at the University of Tasmania where, following an undergraduate Bachelors Degree in Science (Geology), he went on to Honours (First Class) and a Masters of Economic Geology. In 2011, Sam was awarded a Masters of Applied Finance from Macquarie University. FG1 | Annual Report 2024 | 28 Directors’ Report Mr Samuel Garrett (Technical Director) Sam is a Member of the Australian Institute of Company Directors (AICD), the Australian Institute of Geoscientists (AIG) and is a Fellow of the Society of Economic Geologists (SEG). Other current ASX listed directorships Nil Former ASX listed directorships in last 3 years Nil Mr John Forwood (Non-Executive Director) Experience and John is a qualified lawyer and geologist with over 20 years’ experience expertise in the financing of global resources projects. Since 2016, John has been Chief Investment Officer of the Lowell Resources Fund (listed on the ASX, LRT.AX), and Director of Lowell Resources Management Pty Ltd, the manager of the Lowell Resources Trust. John was previously Director and Vice-President of RMB Resources Ltd (RMB), a subsidiary of Johannesburg Stock Exchange listed FirstRand Limited, an international finance house managing investments in the global resources in