ASX Announcement 20 April 2023 ASX: FG1 Mineralised pyrite-galena-sphalerite-pyrrhotite quartz sulphide vein with visible gold (circled in blue) in Trafalgar (NE Tasmania) drill hole TFDD015 drill core at 354m (0.4m @ 137.8g/t Au) Quarterly Activities Report 31 December 2023 Highlights Exploration – Golden Ridge Project, NE Tasmania • Final assays received and reported for Phase 2 drilling program completed in August 2023 at the Trafalgar prospect, part of the 100% owned Golden Ridge Project • Multiple veins intersected at Trafalgar prospect with high-grade gold mineralisation, including: o TFDD0015:  1.1m @ 51.3g/t Au from 353.2m, including 0.4m @ 137.8g/t Au from 353.9m  2.45m @ 5.1g/t Au from 204.55m, including 0.55m @ 20.22g/t Au from 205.2m  1.6m @ 5.86g/t Au from 191.7m, including 0.8m @ 13.95g/t Au from 191.7m  2.4m @ 2.83g/t Au from 167.0m, including 0.45m @ 11.35g/t Au from 168.95m • Gold system at Trafalgar expanded beyond 400m East-West strike length, from surface to a depth 420m and remains open in all directions • Initial metallurgical tests completed on 26 drill samples from Trafalgar with average gold recovery of 94.5% recorded using conventional bottle roll leaching Exploration – Warrentinna Project, NE Tasmania • Multiple zones of auriferous quartz veining intersected in Flynn’s maiden diamond drilling program at the Warrentinna Project • Drilling program consisted of 2 drillholes for a total of 357m with best intercepts: o DNDD001:  7.2m @ 2.5g/t Au from 69.8m, including 2.1m @ 7.0g/t Au from 75.1m, and  4.8m @1.2g/t Au from 92.0m, including 0.3m @ 5.6g/t Au from 94.6m Exploration – Firetower Project, NW Tasmania • Maiden diamond drilling program at the Firetower Project in northwest Tasmania completed with one new drillhole and three diamond tail extensions drilled for 496m • First assay results from drilling confirm potential for significant polymetallic gold and critical minerals mineralisation • High-grade gold-cobalt-tungsten-copper mineralisation intersected, including: o 2019FTD007E:  17.0m @ 2.31g/t Au, 0.16% Co, 0.38% WO3, 0.16% Cu from 121.0 -138.0m, including: • 1.7m @ 6.64g/t Au, 0.12% Co, 0.87% WO3, 0.14% Cu from 121.0m, and • 5.5m @ 3.27g/t Au, 0.24% Co, 0.53% WO3, 0.33% Cu from 132.5m Page 2 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Exploration – Mt Dove Project, WA • Seven high priority lithium anomalies confirmed and enhanced by in-fill soil sampling at the Mt Dove Project • Coherent lithium anomalies extend up to 3,100m length within predominantly shallow sand covered eastern part of licence area Exploration – Lake Johnston Project, WA • Lithium exploration field work accelerated over pegmatites identified at the Lake Johnston Lithium Project • First phase of mapping and sampling program targeting potential lithium pegmatite mineralisation completed with 281 soil and 3 rock chip samples collected – assays pending • Three additional pegmatite intrusions identified in outcrop during soil sampling Exploration – Parker Dome Project, WA • Geochemical soil sampling for lithium completed at the recently optioned Parker Dome Project, situated 50km north of the Mount Holland Lithium Project in Western Australia • 707 samples submitted to laboratory with assay results due in Q1 2024 Corporate • • Binding Option Agreement secured to acquire two exploration licences at Parker Dome in Western Australia. Key terms of the agreement are: o Option Period – 12 months from 8 December 2023 o Option fee – $25,000 (paid) o Initial Consideration - $500,000, of which $300,000 will be paid in cash and $200,000 will be paid in cash, or shares, at Flynn’s election (based on a 10-day volume weighted share price and subject to shareholder approval) o Deferred Consideration – $500,000 (to be partly or fully settled via the issue of FG1 shares, at FG1’s election) payable upon the announcement of a JORC Mineral Resource Estimate equivalent to at least 500,000oz Au or 10Mt at 1.0% Li2O, as applicable, and o 1% Net Smelter Royalty on all production from the project Flynn Gold announces a $2.4 million equity raising comprising: o Tranche 1 Placement of approximately $0.56m plus a Share Purchase Plan to raise approximately $0.6m under ASX LR 7.1 capacity to raise approx. $1.2m in total; and o Tranche 2 Placement of approximately $1.24m to Directors and existing Major Shareholders, subject to shareholder approval, which was received on 23 January 2024 • Annual General Meeting was held on Thursday 30 November 2023 with all resolutions passed. • The Company’s cash position as 31 December 2023 was $1.56 million Page 3 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to report on its activities for the quarter ending 31 December 2023. Flynn Gold 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 nine tenements located in northeast Tasmania which are prospective for gold and also tin-tungsten. In Northwest Tasmania, Flynn Gold has the Firetower gold and battery metals project as well as the Henty zinc-lead-silver project. In Western Australia, Flynn has established a portfolio of gold-lithium exploration assets in the Pilbara and Yilgarn regions. Figure 1 - Location of Flynn Gold’s projects in Tasmania and Western Australia. Page 4 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Exploration – Tasmania During the December 2023 quarter, the Company’s exploration activities in Tasmania were mostly focused on the Golden Ridge, Warrentinna and Firetower projects. The location of these projects is shown in Figure 2. Figure 2 - Location of Flynn Gold tenements in Tasmania. Page 5 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Golden Ridge Project – NE Tasmania The Golden Ridge Project consists of multiple prospects and historical gold workings along an eight-kilometre-long intrusive granodiorite-hornfels metasediment contact zone (see Figure 3). The Company is actively exploring to identify and test multiple exploration targets, with the aim of making further discoveries at this flagship project. Previous exploration at the Golden Ridge Project focused on the Brilliant prospect in 2022 and the Trafalgar prospect more recently, with diamond drilling programs completed at both locations. In 2022, Flynn completed a regional scout reverse circulation (RC) drilling program at Golden Ridge. The RC program was the first recorded drilling undertaken at the Link Zone, Blinding and Kensington Prospects. Since then, a two-phase diamond drilling program was completed at the Trafalgar prospect, returning significant high-grade results. The Trafalgar prospect is the first location where the intrusive granodiorite-hornfels contact has been drill tested by Flynn. The results of drilling at the Trafalgar prospect highlight the potential of this interpreted Intrusive Related Gold System (IRGS) to host significant gold mineralisation. Figure 3 - Flynn Gold’s Golden Ridge Project, NE Tasmania, showing prospect areas. Page 6 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Trafalgar Prospect Phase 2 Drilling During the quarter, Flynn received the final assay results from the Phase 2 drilling program at Trafalgar, which was completed in late August 2023. The Company reported final drilling results for the program with significant mineralised intercepts detailed in Table 1 and shown in Figure 4 1. Table 1: Significant Drill Intercepts -TFDD014 & TFDD015 - Trafalgar Prospect Hole No From (m) To (m) Interval (m) Au (g/t) TFDD014 including TFDD015 32 37 67.0 167.0 167.0 168.95 191.7 191.7 204.55 205.2 353.2 353.9 396.0 416.8 422.2 39 38 68.0 207.0 169.4 169.4 193.3 192.5 207.0 205.75 354.3 354.3 397.0 422.7 422.7 7 1 1.0 40.0 2.4 0.45 1.6 0.8 2.45 0.55 1.1 0.4 1.0 5.9 0.5 0.54 1.61 5.09 1.02 2.83 11.35 5.86 13.95 5.1 20.22 51.3 137.8 1.08 0.31 1.99 including including including including including including including including Ag (g/t) 95.7 Figure 4 - Trafalgar Prospect - Drill hole Location Plan. Significant intercepts reported as downhole length. 1 See FG1 ASX Announcements dated 10 October and 22 November 2023 for full details. Page 7 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Drilling at Trafalgar now has multiple vein intersections grading >100g/t Au (see Figure 5), with reported results of:  TFD001: 5.0m @ 12.56g/t Au, including 0.4m @ 150.0g/t Au from 202.0m  TFDD003: 1.2m @ 65.9g/t Au, including 0.5m @ 143.0g/t Au from 57.5m  TFDD005: 12.3m @ 16.8g/t Au, including 0.7m @ 152.5g/t Au from 120.3m  TFDD005B: 14.7m @ 5.5g/t Au, including 0.6m @ 109.0g/t Au from 121.8m  TFDD013: 4.0m @ 23.7g/t Au, including 0.5m @ 169.8g/t Au from 25.9m  TFDD015: 1.1m @ 51.3g/t Au, including 0.4m @ 137.8g/t Au from 353.9m At least 4 main vein zones are interpreted – T1, T2, T3 and T4 zones, all of which are open along strike and at depth. Figure 5 shows a plan view of the preliminary vein zone model. Figure 5 - Trafalgar Prospect - Plan View of Preliminary Vein Zone Model with Interpolated Gold Grade Shells. Significant intercepts reported as downhole length. Detailed geological modelling of the vein zones at the Trafalgar prospect continued during the quarter and is ongoing. The aim of this work is to identify high priority targets for the next phase of drilling, with particular emphasis on testing for shallow extensions of earlier vein intersections which graded >100g/t Au. Page 8 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Leaching Test Results During the quarter Flynn completed a metallurgical testwork program with the aim of establishing whether the gold at the Trafalgar Prospect is readily recoverable using conventional cyanide leaching processes. A total of 26 samples across a wide range of gold grades and mineralisation types (3 oxide and 23 fresh rock “sulphide zone”) were tested for gold recovery by cyanide using a bottle roll leach (LeachWELLTM) test at Australian Laboratory Services Pty Ltd (ALS). The samples used in these tests were taken from the crushed and pulverised (to a nominal 85% passing 75 microns) bulk residues from the earlier laboratory testwork and weighed 1,000 grams (1 kilogram), i.e. 20 times the sample size used in the 50-gram Fire Assay (FA50) method. High-grade cyanide leaching utilising the LeachWELLTM accelerant was used to determine the cyanide extractable gold and provides an indication of potential recoveries in metallurgical processes and circuits. Recovery and analysis of the residues (tailings) by FA50 method then allowed reporting of total gold values. Table 2 lists the assay results from the LeachWELLTM bottle roll leach and the tailings Fire Assay which, when added together provide a total gold grade. The gold grades received from the initial diamond core analysis, undertaken using either the FA50 method or, in the case of samples exceeding 100g/t Au, using a gravimetric method, are also included in Table 2 for comparison. To calculate the percentage of cyanide leachable gold, the LeachWELLTM assay is divided by the total gold grade. Table 2 shows gold recoveries ranged from 83% to 99%. Overall, the average across the 26 samples is 94.5% gold recovery. From these initial results it appears that the gold at the Trafalgar Prospect at Golden Ridge will be recoverable using conventional leaching processes. Table 2 also shows the variance between the initial FA50 samples reported by the Company and the latest results. The variance in gold grade amongst the low-grade samples tested (i.e. <2g/t Au) is generally evident and in cases much greater with up to 88.3% higher grades reported in Table 2. Additional lower grade gold samples from the Trafalgar prospect have been submitted for metallurgical testwork using the LeachWELLTM method with results pending. Page 9 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Table 2: Results of LeachWELLTM and Tailings Analysis Drillhole_ID TFDD002B TFDD003 TFDD004 TFDD004 TFDD005 TFDD005B TFDD005B TFDD008 TFDD008 TFDD008 TFDD008 TFDD008 TFDD009 TFDD009 TFDD011 TFDD011 TFDD011 TFDD011 TFDD011 TFDD011 TFDD012 TFDD013 TFDD013 TFDD015 TFDD015 TFDD015 From (m) 178.4 57.5 277.45 298 14 232 311 10 93.3 231 279 280 70.2 182.5 13.6 111.9 113.2 185.6 256 263 262.65 23 25.9 191.7 205.2 353.9 Interval (m) 0.6 0.5 0.55 1.0 1.0 1.0 1.0 1.0 0.8 1.0 1.0 0.5 0.5 0.5 0.7 0.7 0.8 0.4 0.5 1.0 0.75 1.0 0.5 0.8 0.55 0.4 LeachWELLTM Au (ppm) 1.70 139.00 8.53 6.13 1.48 0.39 2.36 0.89 2.70 1.69 1.03 3.33 0.48 1.38 1.64 17.05 2.12 8.00 2.04 0.50 10.15 0.72 167.50 12.60 22.30 138.00 Tail Au (ppm) +0.36 3.65 0.55 0.27 0.04 0.04 0.12 0.05 0.22 0.08 0.08 0.19 0.04 0.07 0.06 0.41 0.17 0.07 0.10 0.05 0.59 0.06 5.24 0.44 0.57 3.25 Total Au (ppm) 2.06 142.65 9.08 6.40 1.52 0.43 2.48 0.94 2.92 1.77 1.11 3.52 0.52 1.45 1.70 17.46 2.29 8.07 2.14 0.55 10.74 0.78 172.74 13.04 22.87 141.25 Page 10 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 FA50/GRA Au (ppm) 1.99 143.00 8.90 5.91 1.27 0.39 2.54 0.87 2.83 1.79 1.01 5.83 0.72 0.77 1.56 16.40 2.46 8.58 1.96 0.47 10.00 0.58 169.75 13.95 20.80 137.75 Variance Au (ppm) 0.07 -0.35 0.18 0.49 0.25 0.04 -0.06 0.07 0.09 -0.02 0.10 -2.31 -0.20 0.68 0.14 1.06 -0.17 -0.51 0.18 0.08 0.74 0.20 2.99 -0.91 2.07 3.50 Variance (%) 3.52% -0.24% 2.02% 8.29% 19.69% 10.26% -2.36% 8.05% 3.18% -1.12% 9.90% -39.62% -27.78% 88.31% 8.97% 6.46% -6.91% -5.94% 9.18% 17.02% 7.40% 34.48% 1.76% -6.52% 9.95% 2.54% Average Leachable Au (%) 82.5% 97.4% 93.9% 95.8% 97.4% 90.7% 95.2% 94.7% 92.5% 95.5% 92.8% 94.6% 92.3% 95.2% 96.5% 97.7% 92.6% 99.1% 95.3% 90.9% 94.5% 92.3% 97.0% 96.6% 97.5% 97.7% 94.5% Warrentinna Project – NE Tasmania The Warrentinna Project (EL30/2004) is located in northeast Tasmania, 40km northwest of Flynn’s Golden Ridge Project (see Figure 2). The tenement was acquired from Greatland Gold plc (LSE: GGP, “Greatland”) in June 2023 2. The Project encompasses two historic goldfields, Forester and Warrentinna (see Figure 6). Highgrade 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/tonne 3. Figure 6 - Warrentinna Project Geology and Gold Prospects 2 See FG1 ASX Announcement dated 5 June 2023 for full details. 3 Blake, F. 1934b. The Golden Mara Mine, Warrentinna. Unpublished Report, Department of Mines, Tasmania. Page 11 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 During the quarter, two diamond holes (DNDD001 &DNDD002) were drilled at the Warrentinna Prospect for a total of 357m (Figure 7) 4. The holes have confirmed the continuity of orogenic style gold mineralisation identified in historical drilling by Greatland. The holes were drilled in the opposite direction to previous RC and diamond drilling completed by Greatland. As a result, these holes yielded critical stratigraphic and structural information which will guide the interpretation of historic data and verify and amend the existing vein model. This campaign 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. Figure 7 - Warrentinna Project – Plan View with highlighted intervals from this campaign – DNDD001 and DNDD002. 4 See FG1 ASX Announcement dated 12 January 2024 for full details. Page 12 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Significant mineralised intercepts from Flynn Gold’s drilling at Warrentinna are listed in Table 3 below. Table 3: Significant Drill Intercepts - DNDD001 and DNDD002 - Warrentinna Project Drillhole ID DNDD001 including including DNDD002 including From (m) 11.1 19.7 68.9 75.1 92.0 94.6 To (m) 13.15 20.3 77.93 77.2 97.13 94.9 Interval (m) Au (g/t) 13.4 77.0 115.7 144.35 156.8 176.0 176.45 183.0 191.0 14.4 79.0 117.0 145.70 159.7 178.7 176.8 184.0 191.6 1.0 2.0 1.3 1.35 2.85 2.7 0.3 1.0 0.6 0.43 0.48 0.51 0.44 0.48 0.89 3.78 0.96 1.25 1.55 0.6 7.18 2.1 4.83 0.3 0.3 0.91 2.47 6.97 1.2 5.58 Drill hole DNDD001 was drilled to a depth of 164m to the south of historic high-grade gold mineralisation intersected in Greatland diamond and RC holes. Highlights from this hole include 7.2m @ 2.5g/t Au from 68.9m which include multiple lode style auriferous quartz veins hosted in turbiditic sediments similar to the Victorian Goldfields (see Figure 8). Figure 8 - Photographed core (75.1 – 78.5m) from DNDD001 showing high grade gold intervals in lode style quartz veins. From zone 7.2m @ 2.5g/t Au from 68.9m. Figure 9 shows a cross section of DNDD001 with the main mineralised zones highlighted. The mineralised zones conform to the vein model (red) used to plan the campaign. The Company is reviewing the results of this maiden drill program at the Warrentinna Project. This review will lead to refinement of the geological model and preparation of a preliminary mineral resource model. This work will be used to identify the best locations for follow-up drilling. Page 13 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Figure 9 - Cross section of DNDD001 highlighting main mineralised zones. Mineralised zones conform with vein model (red) used to plan the campaign. Firetower Project – NW Tasmania During the quarter the Company completed one diamond drill hole (FT-2023-001) and three diamond extension tails on existing holes for a total of 496.0m at its Firetower Project in northwest Tasmania 5 (see Figure 2). Flynn’s review and targeting work, incorporating desktop studies, re-logging and re-sampling of historical diamond drill core, confirmed coherent zones of high-grade polymetallic gold, cobalt, tungsten and copper (Au-Co-W-Cu) mineralisation. The polymetallic Au-Co-W-Cu mineralisation at Firetower is currently defined by historic drilling over a strike length of 200m and remains open along a highly prospective 6km-long trend between the Firetower West and Firetower East prospects (see Figure 10). The mineralisation, which partly outcrops, is tested to depths of at least 100m and remains open down-dip. 5 See FG1 ASX Announcement dated 27 October 2023 for full details. Page 14 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Figure 10 - Firetower Project Geology and Gold Prospects Significant polymetallic mineralised intercepts from historic drilling at Firetower are listed in Table 4. Table 4: Significant Historic Polymetallic Mineralised Intercepts - Firetower Project Hole ID From (m) Interval (m) Au g/t Co % WO3 % Cu % 2019FTDD006 99.0 9.0 2.56 0.25 0.32 0.10 including 105.0 3.0 8.59 0.29 0.83 0.21 FTD005 55.0 11.0 4.00 0.05 0.24 0.25 FTD008 92.0 3.0 5.48 0.15 0.53 0.05 FTD013 33.0 14.0 2.91 0.14 0.24 0.25 FTD022 81.0 10.0 4.60 0.08 0.12 0.55 FTD023 0.9 11.1 6.30 0.08 0.06 0.04 2019FTDD004 81.0 2.0 21.23 0.16 0.14 0.03 2019FTDD011 64.0 2.5 5.92 0.23 0.01 0.15 and 69.0 4.0 3.47 0.11 0.24 0.03 Page 15 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 The polymetallic Au-Co-W-Cu mineralisation at Firetower is associated with quartz and carbonate vein stockworks and replacement zones hosted in silica-sericite-carbonate-pyrite altered felsic volcano-sedimentary rocks. Sulphide mineralogy includes pyrite-arsenopyrite-cobaltitechalcopyrite and minor sphalerite-galena. Cobalt appears to be present mostly in the form of cobaltite (CoAsS). Tungsten mineralisation occurs predominantly as scheelite (CaWO4) with minor wolframite (Fe-MnWO4) and is associated with carbonate veining. Flynn’s review highlighted that many historic drill holes stopped short of testing interpreted depth extensions to the main polymetallic mineralised zone. The location of the 4 new Flynn drill holes is shown in Figure 11. Subsequent to the end of the quarter initial results from the drill program were received and reported 6. Figure 11 - Firetower Project Drill Hole Location Plan 6 See FG1 ASX Announcement dated 22 January 2024 for full details. Page 16 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Extension drill hole 2019FTD007E was drilled for 83.2m (98.7–181.9m) to test for the continuation of gold-cobalt-tungsten-copper mineralisation at depth. Results from 98.7m – 142.2m have been received, with assays pending for the remainder of the hole (39.7m from 142.2–181.9m). Highlights of the results received from this extension hole include: • 17m @ 2.31g/t Au, 0.16% Co, 0.38% WO3 and 0.16% Cu from 121m; including o 1.7m @ 6.64g/t Au, 0.12% Co, 0.87% WO3 and 0.14% Cu from 121m and o 5.5m @ 3.27g/t Au, 0.24% Co, 0.53% WO3 and 0.33% Cu from 132.5m. Figure 12 below shows the location of this high-grade intersection in 2019FTD007E in relation to previous drilling results and other drill holes where assay results are pending. Figure 12 - Firetower Project Drilling Cross Section A-A’ Page 17 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 High-grade gold-cobaltite-scheelite enriched mineralised veining from 2019FTD007E at 129.8m depth is shown under normal light conditions in Figure 13. For the same piece of core the scheelite mineralisation, which assayed over 1.0% WO3 in this 0.5m sample interval, is clearly visible under the ultraviolet light in Figure 14. Figure 13 - 2019FTD007E, 129.8m - Mineralised carbonate-pyrite-arsenopyrite-cobaltite-scheelite vein (Interval 129.5-130.0m Assay: 0.5m @ 6.64g/t Au, 0.38% Co, 1.02% WO3, 0.11% Cu). Figure 14 - 2019FTD007E, 129.8m - Same segment of drill core under ultraviolet light, highlighting intense scheelite (CaWO4) mineralisation (blue) (Interval 129.5-130.0m Assay: 0.5m @ 6.64g/t Au, 0.38% Co, 1.02% WO3, 0.11% Cu). Extension drill hole 2019FTD004E was drilled for 121.1m from 106m – 227.1m. Highlights from this extended hole include: • 9.1m @ 0.85g/t Au, 0.1% Co, 0.09% WO3 and 0.15% Cu, from 111.9m, including o 2.4m @ 1.7g/t Au, 0.15% Co, 0.26% WO3 and 0.19% Cu from 118.6m. Extension drill hole 2019FTD005E was drilled for 76.9m from 120.5–197.4m, to test the continuation of mineralisation at depth. Drill hole FT-2023-001 was drilled to a depth of 214.8m to the south of the historic hole 2019FTD006 at a steeper angle to test continuity of mineralisation down dip. Assay results from holes FT-2023-001 and 2019FTD005E are pending. Page 18 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Henty Zinc Project – NW Tasmania In December 2023, the Company received a drilling permit from Mineral Resources Tasmania (MRT) for the advanced Mariposa Zinc/Lead/Silver prospect, which lies within the Henty Project in the prolifically mineralised province of northwest Tasmania (see Figure 15). The Henty Zinc-Lead-Silver Project comprises a district-scale stratiform carbonate-hosted base metal system hosting 5 mineralised stratigraphic horizons identified over +50 km of combined strike length. Mineralisation is identified from surface to known depths of +500m (open) 7. Figure 15 - Henty Zinc Project Location and Prospects Plan. 7 See FG1 ASX Announcements dated 14 August 2023 for full details Page 19 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Exploration – Western Australia Flynn Gold has 5 gold-lithium projects in Western Australia (see Figure 1), strategically located in districts that host large gold and lithium deposits or that the Company considers relatively under-explored for lithium. Mt Dove Project The Mt Dove project is located 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 (see Figure 16). Figure 16 - Mt Dove Project Location Plan During the quarter, Flynn announced results from its 2023 in-fill soil sampling program at Mt Dove. The program was designed to evaluate multiple lithium and gold anomalies outlined from the Company’s 2022 Ultra-fine fraction (UFF) soil sampling program 8. The 2023 survey results have outlined seven high priority coherent lithium anomalies with associated pathfinder geochemistry, and eleven lower priority, less coherent lithium anomalies (Figure 17). The seven 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. 8 See FG1 ASX Announcements dated 20 November 2023 for full details Page 20 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Figure 17 - Mt Dove Project Combined soil results (<2mm-2023 and UFF-2022) and rock chip lithium results (ppm) over magnetic image transparent over geology, with contours outlining lithium anomalies The soil anomalies have been defined by clusters of samples which are greater than 75ppm Li (+160ppm Li2O) for the original UFF samples and greater than 21ppm Li (+45ppm Li2O) for the 2023 -2mm soil samples. These are considered significant anomalies particularly when taking into account the supporting associated pathfinder anomalism and trends. The original UFF soil survey focused on gold (Hemi style) exploration and utilised the ultra-fine fraction sample preparation and assay method. The 2023 in-fill soil sampling was primarily focused on lithium exploration and involved assaying the pulverised -2mm soil sample for lithium and pathfinder elements with sodium peroxide fusion to enable complete digestion and recovery of lithium and associated trace elements. The seven high priority, coherent lithium anomalies are located in the eastern portion of E45/5055, adjacent to Flynn’s exploration licence application E45/5093 (Figure 17). This region corelates with some strong zonation trends, originally outlined in the 2022 UFF soil sampling program 9. The in-fill soil sampling has confirmed and enhanced these trends which show a general zonation from the southwest to the northeast with increasing caesium, rubidium, beryllium, niobium and tin towards the east-northeast margin of the survey. The exploration licence is predominantly covered by a shallow transported cover sequence comprising aeolian sand with very few small windows of outcropping bedrock or quartz veining exposed within the project area. The -2mm soil fraction was not as effective in providing further detail on the UFF gold anomalies due to the dilutive component of windblown sand. 9 See FG1 ASX Announcements dated 21 August 2023 for full details Page 21 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 In total, 11 rock chip samples have been collected from outcrop or subcrop within the tenement. These samples, taken from isolated outcrop windows, have returned anomalous lithium (up to 228ppm Li2O) and associated pathfinder elements (including up to 0.14% Rb) (see Figure 17). Forrestania / Lake Johnston Projects The Forrestania and Lake Johnston projects are located in the highly prospective Southern Cross Province in Western Australia which hosts the Mt Holland Lithium Mine, the Mt Day pegmatite field and multiple active exploration targets including the Gemcutter, Giant and Medcalf pegmatites (see Figure 18). During the quarter, Flynn commenced on-ground exploration activities at the Lake Johnston Project, which is 7km southeast from the recent lithium pegmatite discovery at the Burmeister Project 10 held by TG Metals Limited (ASX:TG6). Figure 18 - Lake Johnston and Forrestania Projects Location Plan. Flynn’s exploration licences at Lake Johnston were granted in July 2023. During the quarter, the Company deployed a geological team to the Lake Johnston Project to undertake a geological mapping and orientation soil sampling program, prior to commencing a more extensive soil sampling program aimed at identifying targets for drill testing. 10 See TG6 ASX Announcement dated 30 October 2023 for full details. Page 22 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Three new pegmatite intrusions were identified in outcrop and rock chip sampled. Two pegmatites were found proximal to the existing known pegmatites within the centre of the sampling area. One new pegmatite (Sample LJR005) was found close to the western tenement boundary. The locations of these additional pegmatites are shown in Figure 19 In total, 281 soil and 3 rock chip samples were collected and have been submitted for laboratory analysis for lithium and pathfinder elements, with assays pending. Figure 19 - Lake Johnston Project tenement E63/2190 showing sampling program over combined aeromagnetic and gravity image Page 23 of 28 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Par