VGMEF Presentation
Released
Released
Announcement PDF
ASX: FG1
Victoria Gold Mining and
Exploration Forum
Presentation
February 2024
Exploring for gold and battery metals in Tasmania and Western Australia
Trafalgar Prospect - Drill hole TFDD005 - Quartz-sulphide (pyrite-arsenopyrite-pyrrhotite-galena-sphalerite) vein at 120.3m (0.7m @ 152.5g/t Au)
Important Notice & Disclaimer
OVERVIEW
This investor presentation (“Presentation”) has been prepared by Flynn Gold Limited (ABN 82 644 122 216) (“Flynn Gold” or “Company”) and is dated 21 February 2024.
SUMMARY INFORMATION
This Presentation contains summary information about the current activities of Flynn Gold and its subsidiaries as at the date of this Presentation. The information in this Presentation is of a general nature and does not
purport to be complete. This Presentation does not purport to contain all the information that an investor should consider when making an investment decision nor does it contain all the information which would be
required in a disclosure document or prospectus prepared in accordance with the requirements of the Corporations Act. It should be read in conjunction with Flynn Gold’s other periodic and continuous disclosure
announcements lodged with the ASX, which are available at www.asx.com.au. Neither Flynn Gold nor its directors, employees or advisers give any warranties in relation to the statements and information in this Presentation.
DISCLAIMER
This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper subscription documentation and only to
investors meeting strict suitability requirements. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. In providing this presentation Flynn Gold Limited (“Flynn Gold”) has not
considered the financial position or needs of the recipient. Persons needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial and legal advisors.
FORWARD LOOKING STATEMENTS
Various statements in this presentation constitute statements relating to intentions, future acts and events. Such statements are generally classified as “forward looking statements” and involve known and unknown risks,
uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. Words such as “anticipates”, “expects”,
“intends”, “plans”, “believes”, “seeks”, “estimates” and similar expressions are intended to identify forward-looking statements. Flynn Gold caution shareholders and prospective shareholders not to place undue reliance on
these forward-looking statements, which reflect the view of Flynn Gold only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the
statements are made.
COMPETENT PERSON STATEMENT EXPLORATION RESULTS
The information in this release is an accurate representation of the available data and studies for the material mining project. The information that relates to sampling techniques and data, exploration results and geological
interpretation has been compiled by Sean Westbrook who is a consultant of the Company. Sean Westbrook is a Competent Person as defined in the JORC Code (2012). Sean has sufficient experience of relevance to the styles
of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian
Code for Reporting of Exploration Results.
EXPLORATION RESULTS
Refer to Company Announcements for full details on Exploration Results. Flynn Gold is not aware of any new information or data that materially effects the information contained in those announcements.
2
Overview
Flynn Gold Limited is focused on the
exploration and development of
Australian gold and battery metals
projects in Tasmania and Western
Australia
Western Australia
• 15 granted Exploration Licences and 9 EL applications
• 1,140 km2, 100% Flynn Gold
• Pilbara – holdings close to significant gold & lithium deposits at
Mt Dove and Yarrie
• Yilgarn – holdings close to world class lithium and nickel
deposits at Forrestania and Koolyanobbing
Tasmania
• 12 granted Exploration Licences
• 1,475 km2, 100% Flynn Gold
• Northeast Tasmania – interpreted extension of Victorian
goldfields with significant gold and tin/tungsten historical mines
• Northwest Tasmania – Firetower and Henty projects with
multiple gold and battery metals drill targets
3
Northeast Tasmania
• Northeast Tasmania – interpreted to be part of the
Western Lachlan Orogen – a geological extension
of the Victorian Goldfields
• NE Tasmania has significant historic high-grade
gold production:
Beaconsfield Gold Mine
mined to 1,200m depth producing:
1877-1914: 854,600oz @ 26g/t Au
1999-2012: 920,000oz @ 10.5g/t Au
New Golden Gate Gold Mine (Mathinna)
mined to 500m depth producing:
1887-1926: 253,000oz @ 26g/t Au
• Very little gold exploration over the last 100 years
provides great opportunities for fresh gold
discoveries using modern exploration techniques
4
Northeast Tasmania…Continued…
• NE Tasmania is interpreted to be part of the
Lachlan Orogen – a geological extension of
the Victorian Goldfields
A work in progress…
Generally accepted that Northeast Tasmania is
a continuation of the Lachlan Fold Belt.
But still debate about a correlation to:
- Melbourne Zone (Western Lachlan)
- The Bendigo Zone (Western Lachlan)
- Tabberabberan Zone (Reed 2001)
From Bierlein et al. 2005
From Reed 2001
- Separate Mathinna Terrace (Southern
Tabberabberan) [same but different]
5
Northeast Tasmania…Continued…
• NE Tasmania is interpreted to be part of the
Lachlan Orogen – a geological extension of
the Victorian Goldfields
A work in progress…
Generally accepted that Northeast Tasmania is
a continuation of the Lachlan Fold Belt.
But still debate about a correlation to:
- Melbourne Zone (Western Lachlan)
Lachlan Orocline Model – Subduction roll back
caused by accretion of Vandieland to the
Australian continent. (Moresi et al. 2015, modified
from Wilson et al. 2020).
- The Bendigo Zone (Western Lachlan)
- Tabberabberan Zone (Reed 2001)
- Separate Mathinna Terrace (Southern
Tabberabberan) [same but different]
6
Northeast Tasmania…Continued…
• FG1 has secured key under-explored ground with
historical workings. These areas have excellent
potential for new discoveries of high-grade gold
vein systems as well as tin-tungsten
7
Lyndhurst – Mangana
Golden Corridor
Regional Geology
•
The majority of ~600 recorded gold occurrences in NE
Tasmania occur in a narrow 80km belt between
Lyndhurst and Mangana
•
The gold belt is hosted in Ordovician to Devonian
turbidites of the Mathinna Supergroup
•
Tightly folded by at least 2 deformation events,
with axial planes trending North to North-northeast
(average) related to the Devonian Tabberabberan
Orogeny (Reed 2001)
•
Metamorphosed to sub- to mid- greenschist facies
(during regional compression - Tabberabberan)
(Patison et al. 2001)
•
Intruded by Devonian to Carboniferous I- and Stype granitoids (Scottsdale and Blue Tier
Batholiths) (Black et al. 2010)
8
Lyndhurst – Mangana
Golden Corridor
Historical Goldfields
Goldfield
Main Production
Period
Gold
Ounces
Lyndhurst
~1890’s
1,286
Warrentinna
1890 - 1920
3,601
Alberton
1883 - 1904
13,664
Dans Rivulet & Tower Hill
1888 - 1906
4,533
Mathinna
1880 - 1932
289,357
Mangana
1852 - 1910
6,687
Historic reports usually quote average grades of around 1 oz/t
Au and up to 127g/t Au at the Golden Entrance Mine
(Mangana).
Most prospects were worked to shallow depths (down to 60m),
with the exception of New Golden Gate (Mathinna ~500m
deep) and Ringarooma Unite Mine (alberton 119m deep).
9
Golden Ridge Project
Positive Indications of a large Intrusive Related
Gold System (IRGS)
• Historical shafts and adits at multiple prospects
• Significant gold anomalism near granodiorite-sediment
contact (IRGS) - 8km mineralised zone
Flynn Gold Drilling Activities since 2021
• Diamond drilling at Brilliant (14 holes) – gold
mineralised system is open along strike
• Diamond drilling at Trafalgar (14 holes) - exceptional
drilling results recorded with high-grade (<100g/t Au)
gold mineralisation demonstrating the potential for
a significant resource
• RC drilling at Kensington, Blinding and Link Zone (12
holes) - significant gold mineralisation intersected,
confirming potential for an extensive gold
mineralisation system
10
Golden Ridge Project
Overview
GRDD006
84.0m @ 0.49g/t Au
& 57m @ 2.55g/t Au
LZRC001
1.0m @ 3.22g/t Au
& 2m @ 2.83 g/t Au
Soils Contours
Au ppb
Open
(No Drilling)
LZRC004
33.0m @ 0.5g/t Au
Rock chips up to
67.1g/t Au
Link Zone
Queen of
The Earth
Open
(No Drilling)
Open
(No Drilling)
500m
TFDD012
62m @ 0.63g/t Au
Trafalgar
+4 km
Mineralised contact zone
TFDD005
12.3m @ 16.8g/t Au
TFDD013
4.0m @ 23.7g/t Au
Brilliant
Blinding
N
Open
(No Drilling)
TFDD008
48.6m @ 0.67g/t Au
BLRC004
52.0m @ 0.19g/t Au
Rock Chip Samples
Gravity Contour Image
Double Event
Au >0.1g/t shells
(drilled)
Open
(No Drilling)
Rock chips up to
22.3g/t Au
Drilling to date has tested just a small
part of the Granodiorite contact zone
with wide-spaced RC drilling outside
of the Brilliant and Trafalgar
prospects recording significant
gold intersections
11
Golden Ridge Project
Trafalgar Prospect
• Gold mineralisation over
400m strike length identified to
date - open along strike and
down dip
• Multiple quartz-sulphide vein
intervals grading >100g/t Au
• Vein Model identifies at least 4
main vein zones – T1, T2, T3
and T4 zones
• 1st round metallurgical tests
yield 94.5% Au recovery
4.3m @ 4.34g/t Au
Incl 0.4m @ 17.3g/t Au
and 0.75m @ 10.15g/t Au
1.2m @ 65.9g/t Au
Incl 0.5m @ 143.0g/t Au
TFD001
6FG1: ASX Ann. 11 May 2023
7FG1 ASX Ann. 18 Jul 2023
8FG1 ASX Ann. 14 Sep 2023
9FG1 ASX Ann. 10 Oct 2023
10FG1 ASX Ann. 22 Nov 2023
12.3m @ 16.8g/t Au
Incl 0.7m @ 152.5g/t Au
14.7m @ 5.5g/t Au
Incl 0.6m @ 109.0 g/t Au
TFDD003
TFDD004
Open
>1.0
TFDD010
TFDD011
TFDD013
Grade Shell
TFDD012
Open
TFDD005/B
TFDD009
>0.5g/t Au
>0.3g/t Au
TFDD002B
2.1m @ 8.28g/t Au
0.7m @ 14.98g/t Au
TFDD014
2.7m @ 3.06g/t Au
5.0m @ 12.56g/t Au
Incl 0.4m @ 150.0g/t Au
GRANODIORITE
1.1m @ 51.3g/t Au
Incl 0.4m @ 137.8g/t Au
2.0m @ 4.88g/t Au
MATHINNA
SEDIMENTS
TFDD006
TFDD007
TFDD008
TFDD005B
TFDD011
Open
TFDD002/B
5.4m @ 10.63g/t Au
Incl 1.9m@ 19.88g/t Au
References:
1FG1: ASX Ann. 21 Sep 2022
2FG1: ASX Ann. 24 Oct 2022
3FG1: ASX Ann. 12 Dec 2022
4FG1: ASX Ann. 19 Jan 2023
5FG1: ASX Ann. 14 Feb 2023
N
4.0m @ 23.7g/t Au
Incl 0.5m @ 169.8g/t Au
TFDD002
Open
40.0m @ 1.02g/t Au
Incl 0.45m @ 11.35g/t Au
and 0.80m @ 13.95g/t Au
and 0.55m @ 20.22g/t Au
1.0m @ 5.09g/t Au
TFDD003
TFDD004
Trafalgar Prospect – Preliminary Vein Zone Model
TFDD015
48.4m @ 0.34g/t Au
Incl 0.4m @ 8.46g/t Au
TFDD012
Open
2.3m @ 19.0g/t Au
Incl 0.9m @ 47.8g/t Au
3.5m @ 8.33g/t Au
Incl 2.0m @ 13.75g/t Au
49.55m @ 0.67g/t Au
Incl 11.45m @ 1.30g/t Au
15.5m @ 0.73g/t Au
62.0m @ 0.63g/t Au
Incl 3.4m @ 4.53g/t Au
and 0.75m @ 10.44g/t Au
100m
12
Golden Ridge Project
Trafalgar Prospect
Hornfelsed Mathinna Sediment host - Quartz vein with pyrite-arsenopyrite-pyrrhotite-galena-sphalerite and hornfelsed bx clasts in TFDD005 at 120.3m (0.7m @ 152.5g/t Au)
Granodiorite host - Quartz vein with pyrite-arsenopyrite-sphalerite-galena and vis Au in TFDD0015 at 354m (0.4m @ 150.0g/t Au)
13
Deposit Styles: IRGS vs Orogenic Gold
IRGS – Golden Ridge
Orogenic Gold – Lyndhurst-Mangana
Intrusion Related Gold Systems form from fluids derived
from an evolving magma and are genetically associated
with igneous processes.
Generally agreed that Orogenic Gold is produced from
orogenic processes, like mountain building, and are
derived from fluids that have a metamorphic source.
(Hart 2007; Hart & Goldfarb 2015)
(Goldfarb & Groves 2015)
14
Warrentinna Gold Project
Significant gold targets within Lyndhurst – Mangana Golden Corridor
• Gold mineralisation & old workings over 6km strike
• Golden Mara mine produced 3,368oz @ 1oz/t (31g/t Au)
• Significant shallow gold intersected at Derby North:
26.0m @ 2.3g/t Au from 5m,
21.7m @ 3.3g/t Au from 9.3m,
11.7m @ 2.8g/t Au from 115m, and
43.0m @ 1.5g/t Au from 10m
• Drilling completed by Flynn at Derby North in Oct 2023
• The drilling program confirmed highly prospective
orogenic-style gold mineralisation which coincides
with historical mine workings
• Early potential for JORC compliant Mineral Resource
at Derby North with further shallow drilling
15
Warrentinna Gold Project
Derby North Drilling
• First FG1 Drilling program - 2 drillholes for 357m1
• Best intercepts reported in hole DNDD001:
DNDD001:
7.2m @ 2.5g/t Au from 68.9m, including
o 2.1m @ 7.0g/t Au from 75.1m, and
4.8m @ 1.2g/t Au from 92.0m, including
o 0.3m @ 5.6g/t Au from 94.6m
• Multiple zones of auriferous quartz veining
hosted in turbiditic sediments similar to the
Victorian Goldfields
Photographed core from DNDD001 showing high grade gold intervals
in lode style quartz veins from mineralised zone 7.2m @ 2.5g/t Au from 68.9m
Reference:
1Refer to ASX:FG1 announcement dated 12 January 2024
16
Lyndhurst – Mangana Golden Corridor
Summary
• Linear belt defines crustal scale structural control of
orogenic gold mineralisation
• Evidence indicates mineralising fluids are metamorphic in
origin (orogenic gold)
• A laterally continuous structure mineralised by
metamorphically derived fluid must have deep roots.
• Gold mineralisation must be continuous at depths
beyond 60m, as proven by the Golden Gate Mine at
Mathinna (500m deep structure, ~250,000oz. Au).
• With 100’s of recorded gold occurrences start exploration
in areas of rich data density to understand structural
controls of mineralisation, and use this to help predict reef
geometry elsewhere
• Success at one prospect will ignite interest in many
others…
17
Under-explored NE Tasmania
NE Tasmania - Maturity
18
Neil Marston
Managing Director & Chief Executive Officer
neil@flynngold.com.au
Michael Fenwick
Exploration Geologist
michael@flynngold.com.au
www.flynngold.com.au
www.flynngold.com.au
+61 3 9692 7222
For more information, please contact us
ASX: FG1
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