Investor Presentation
ASX: FG1
AMEC – AUSTEX
Investor Presentation
26 June 2024
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 26 June 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 identified in this presentation 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
Important Notice & Disclaimer
LISTING RULE 5.23 DISCLOSURE
In accordance with Listing Rule 5.23.2, the Company confirms in this subsequent public report that it is not aware of any new information or data that materially affects the information included in any previous market
announcements and, in the case of any estimates of mineral resources or ore reserves, that all material assumptions and technical parameters underpinning any estimates in any previous market announcements continue
to apply and have not materially changed. For the purposes of Listing Rule 5.23.1, the relevant Company announcements which refer to these exploration results or estimates of minerals are:
Date
Announcement Title
Date
Announcement Title
28/05/2024
21/05/2024
18/04/2024
Up to 67g/t Au Intersected in Drilling at Trafalgar, NE Tas
64g/t Au in High-Grade Veins at Golden Ridge Adit, NE Tas
Drilling Underway at Trafalgar High-Grade Gold Prospect
21/03/2023
Trafalgar and Popes Gold Drilling Update, NE Tasmania
17/04/2024
Multiple New Gold Target Areas Identified at Golden Ridge
14/02/2023
Trafalgar Gold Discovery Drilling Update, NE Tasmania
26/03/2024
Strike and Depth Potential Identified at Firetower
19/01/2023
Trafalgar - Further Outstanding Gold Results in NE Tasmania
22/01/2024
High-Grade Au-Co-W Intersected at Firetower, NW Tasmania
19/12/2022
Exploration Update - NE Tasmania
12/01/2024
Drilling Confirms Gold System Near Surface at Warrentinna
12/12/2022
Outstanding 12.3m @ 16.8g/t Au Intersection at Trafalgar
22/11/2023
94.5% Gold Recovery from Metallurgical Tests at Trafalgar
24/10/2022
1.2 metres @ 65.9g/t Gold in Trafalgar Drilling, NE Tasmania
27/10/2023
High-Grade Au-Co-W Enhances Minerals Potential at
Firetower
21/09/2022
Further High-Grade Gold Intersections in Trafalgar Drilling
10/10/2023
Flynn Records 137.8g/t Au in Drilling at Trafalgar, NE
Tasmania
24/08/2022
Trafalgar Drilling Accelerated Visible Gold Intersected
5/10/2023
Drilling Underway at Warrentinna
5/07/2022
Maiden Drill Hole at Trafalgar Intersects 5.4m @ 10.63g/t Au
14/09/2023
Drilling Strikes 4.0m @ 23.7g/t Au at Trafalgar, NE Tasmania
25/05/2022
Trafalgar Drilling Commences, Multiple IP Targets Identified
11/05/2023
More High-Grade Gold at Trafalgar Prospect, NE Tasmania
19/11/2021
High Grade Gold in Golden Ridge Rock Chips
12/04/2023
Additional Gold Intersections at Trafalgar Prospect, NE
Tasmania
27/08/2021
First Drill Core Assays Confirm Visible Gold NE Tasmania
• Each of the announcements above included a Competent Person’s Statement from Sean Westbrook
ASX: FG1
Date
Announcement Title
12/03/2024
Lithium Soil Anomaly Outlined at Lake Johnston
6/03/2024
Parker Dome -Multiple Large Lithium Soil Anomalies
Outlined
15/12/2023
Soil Sampling Program Commences- Parker Dome Lithium
Project
11/12/2023
Lithium Project Acquired with Multiple Pegmatite Targets
1/12/2023
Further Pegmatites Identified, Lake Johnston Lithium Project
20/11/2023
Lithium Anomalies Defined at Mt Dove, Pilbara WA
13/11/2023
Li Exploration Accelerates over Lake Johnston Pegmatites
21/08/2023
Lithium Exploration Recommences at Mt Dove Project
4/08/2023
Pegmatites identified - Forrestania/Lake Johnston Li Project
27/08/2021
First Drill Core Assays Confirm Visible Gold NE Tasmania
27/10/2022
Lithium and Gold Anomalies Identified at Mt Dove, WA
• Each of the announcements above included a Competent
Person’s Statement from David Archer
1
Investment Highlights
• Flynn well-funded for exploration in 2024
• Focused on discovering high-grade gold deposits in NE Tasmania
• Growing gold footprint at Golden Ridge – excellent signs of a big gold
system
• Multiple high-grade gold intersections from limited drilling at Golden Ridge
Project to date
• Drilling underway at Golden Ridge – aiming to expand high-grade gold
zones at Trafalgar Prospect
• Aiming to prove up significant gold deposit(s) in the near term
3
Company Snapshot
Directors
Capital Structure
ASX Code
FG1
Clive
Duncan
Share price: 25th June 2024
A$0.024
Chair
Cash @ 31 March 2024 (excludes
$2.5m raised in May 2024)
$1.53m
Shares on issue
254.5m
Market Cap at $0.024/share
$6.1m
Enterprise Value at $0.024/share
~$3.1m
Listed Options (FG1O)1
50.6m
Unlisted Options2
0.4m
Performance Rights3
2.7m
Notes
1. Expire 7 Nov 2026, $0.075/share exercise price
2. Expire 2 Aug 2025, $0.20/share exercise price
3. 3 year performance rights upon meeting various vesting conditions
Neil
Marston
•
4 decades with market leading big box hardware chain
Bunnings Group, including as COO and company
director. Harvard Program for Management
development, Finance program at London Business
School and is a Member of the Australian Institute of
Company Directors (AICD).
•
Qualified accountant and Chartered Secretary with
extensive experience in the areas of mineral exploration,
capital markets, corporate governance, project
management and stakeholder engagement.
•
Geologist with over 30 years of international exploration
management including positions with with Phelps Dodge
and Cyprus Gold. Specialist in copper and gold
exploration. Mt. Eliott, Havieron and Tujuh Bukit
discovery credits.
•
Director and CIO of Lowell Resources Funds
Management (LRFM). Qualified lawyer and geologist. 20
years of resources financing experience, including as
CIO of the Lowell Resources Trust and Director of RMB
Resources.
Managing
Director & CEO
Sam
Garrett
Technical
Director
Shareholders (as at 25th June 2024)
Colin Bourke and Associates
29.9%
Directors and Management
4.9%
Lowell Resources Fund
4.4%
John
Forwood
Non-Executive
Director
4
Overview
Flynn Gold Limited is focused on
the exploration and development
of high-grade gold and critical
minerals projects in Tasmania
Western Australia
• 14 granted Exploration Licences and 9 EL applications
• 1,140 km2, 100% Flynn Gold
• Pilbara - holdings close to significant gold & lithium deposits
• Yilgarn - holdings close to world class lithium deposits
Tasmania
• 12 granted Exploration Licences
• 1,403 km2, 100% Flynn Gold
• Northeast Tasmania - significant gold and tin/tungsten projects
• Northwest Tasmania – gold, critical minerals and zinc-lead-silver
projects
5
Northeast Tasmania
Why explore in Northeast Tasmania?
• A geological extension of the prolific Victorian
Goldfields
• Significant historic high-grade gold production:
❑ Beaconsfield Gold Mine (1,200m depth):
▪ 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
• Limited gold exploration over the last 100 years –
this provides great opportunities for fresh gold
discoveries using modern techniques
• Tasmania is a Tier 1 mining jurisdiction - several
world class mines currently in operation with
excellent infrastructure, a skilled workforce and
supportive communities
6
Northeast Tasmania
• 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
Exploration focus is on:
• Golden Ridge Project – a large Intrusive Related
Gold System with potential to host significant gold
mineralisation
• Warrentinna Project – a Victorian-style orogenic gold
system acquired in June 2023 with very encouraging
results from shallow drilling
7
Northeast Tasmania
• Largely exploring in State Government controlled forestry /
plantation areas – active logging operations nearby
• Simple permitting and exploration approvals system
• Local geology team – living in the community
• Possible processing options ~150km by road from
Beaconsfield Gold Mine (gold plant currently in C&M)
• Tasmanian power is predominantly renewable energy (Hydro)
Trafalgar
Golden Ridge
Brilliant
8
Golden Ridge Project
Positive Indications of a large Intrusive Related
Gold System (IRGS)
• Historical gold workings and anomalies at multiple
prospects near granodiorite-sediment contact (IRGS) +9km mineralised zone open along trend
Flynn Gold Activities since 2021
• Diamond drilling at Brilliant (14 holes) – gold
mineralised system is open along strike
• Diamond drilling at Trafalgar (Phase 1 & 2 - 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,
highlighting potential for an extensive gold system
• Extensive soil sampling program – new gold targets
identified at Grenadier, Duke and Big Penny
9
Golden Ridge Project
Overview
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
10
Golden Ridge Project
Topography
x 190m RL
Trafalgar
x 530m RL
Link Zone
x 360m RL
x 440m RL
Brilliant
Golden Ridge
Adit
11
Golden Ridge Project
Regional Geology
Trafalgar
Link Zone
Brilliant
12
Golden Ridge Project
Soil Sampling - Gold
Trafalgar
Duke
Blinding
Link Zone
Au
(ppb)
Brilliant
Queen of
the Earth
13
Golden Ridge Project
Soil Sampling - Arsenic
Trafalgar
Duke
Blinding
Link Zone
As
(ppb)
Brilliant
Queen of
the Earth
14
Golden Ridge Project
Soil Sampling - Lead
Trafalgar
Duke
Blinding
Link Zone
Pb
(ppb)
Brilliant
Queen of
the Earth
15
Golden Ridge Project
Trafalgar Prospect
• New Vein Model identifies 3 major veins:
• Trafalgar Main Vein
• Magazine Vein
• Trafalgar South Vein
• Multiple quartz-sulphide vein intervals
grading >100g/t Au (5 intersections from
15 wide spaced holes drilled up to 2023)
• Gold mineralisation extends over
400m strike length to date - open along
strike and down dip
• All main veins transect granodioritesediment contact, gold mineralisation
hosted in both granodiorite and
metasediment rocks.
• 1st round metallurgical tests yield 94.5%
average Au recovery
16
Golden Ridge Project
Trafalgar Prospect
Hornfelsed Mathinna Sediment host - Quartz vein with pyrite-arsenopyrite-pyrrhotite-galena-sphalerite and hornfelsed 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 @ 137.8g/t Au)
17
Golden Ridge Project
Trafalgar Prospect – Phase 3 Drilling
• 1,500 metre program planned
• TFDD016 drilled to test the 3 major veins
• TFDD017 completed - assays due in
early July 2024
• TFDD018 near completion – testing
above high-grade veins intersected in
TFDD015 and TFDD016
• Several additional drill hole locations
permitted – east, west and north of
current drilling
18
Golden Ridge Project
Trafalgar Prospect – Phase 3 Drilling
• Multiple high-grade gold veins intersected,
including:
• 0.5m @ 35.1g/t Au within
1.4m @ 12.7g/t Au from 164.6m (Trafalgar Main
Vein);
• 0.3m @ 19.0g/t Au within
0.65m @ 10.5g/t Au from 187.55m (Magazine
Vein);
• 0.3m @ 12.3g/t Au within
1.2m @ 3.5g/t Au from 233.0m;
• 0.3m @ 39.2g/t Au from 243.2m;
• 0.4m @ 67.6g/t Au within
1.3m @ 21.9g/t Au from 248.7m;
• Drilling confirms continuity of high-grade gold veins
19
Golden Ridge Project
Link Zone
•
The Link Zone prospect is
located between the Trafalgar
and Brilliant prospects, with the 3
prospects now defining a
corridor of high-grade gold
mineralisation with a potential
strike length of 2.5km and a
vertical extent of at least 500m as
proven by drilling at Brilliant and
Trafalgar
•
Original (1890’s) Golden Ridge
Mine adit recently located and
inspected
•
Adit providing excellent
geological information about
nature of gold mineralisation
20
Golden Ridge Project
Link Zone
• Adit is 150m long NW
with short NE drive ~50m
below line of NE
orientated historical pits
and trenches located on
the surface
• Underground grab
sampling of mineralised
veins in the adit recorded
high-grade gold assays
including 64.4g/t Au,
37.6g/t Au and 15.9g/t
Au
• Drilling permits in place
to test beneath
historical workings
21
Warrentinna Gold Project
Warrentinna Goldfield
• Gold mineralisation & old workings over 6km strike –
largely untested to date
• Golden Mara mine produced 3,368oz @ 1oz/t (31g/t Au)
Derby North
• 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
• First drilling completed by Flynn Gold in October 2023
• The drilling program confirmed highly prospective
orogenic-style gold mineralisation
• Early potential for JORC compliant Mineral Resource
at Derby North with further shallow drilling
22
Warrentinna Gold Project
Derby North Drilling
• First FG1 Drilling program - 2 drillholes for 357m
• 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
23
Northwest Tasmania
Strategic holding in a world-class mining region
•
Established mining region with world-class base metal
deposits
Firetower Project
❑ Located within eastern parts of Mount Read Volcanics
❑ Multiple targets identified with gold and critical minerals
potential (cobalt-tungsten, copper, lead/zinc)
Henty Zinc/Lead Project
❑ Strategic tenement position over a highly prospective
district-scale carbonate-hosted Zn-Pb-Ag system
❑ Close to infrastructure, including existing zinc/lead
concentrate producer (Rosebery mine)
❑ Multiple targets identified with high-grade Zinc/Lead
potential
❑ Pipeline of greenfield to resource definition stage
prospects
❑ Drilling permits in place for Grieves Siding and Mariposa
24
Firetower Project
Advanced Gold plus Critical Minerals Project
Project purchased from Greatland Gold plc in June
2023
Firetower Prospect
• Previous drilling delineated gold mineralisation
over 350m along strike and up to 150m depth,
remaining open at depth and along strike
• Significant intercepts include 17m @ 5.37g/t Au
from 7m
• Significant cobalt (up to 0.57% Co) and
tungsten (up to 0.87% W) mineralisation make
this an attractive project to progress
• Early potential for JORC compliant Mineral
Resource
25
Firetower Project
Firetower Prospect Drilling
• Maiden diamond drilling program at the Firetower
Project completed with one new drillhole and three
diamond tail extensions drilled for 496m
• Latest drilling confirm potential for significant
polymetallic gold and critical minerals mineralisation
• Modelling of updated drilling data indicates key
structural controls to polymetallic mineralisation
zones at Firetower (Eureka Fault)
• High-grade gold-cobalt-tungsten-copper
mineralisation intersected, including:
❑ 2019FTD007E:
▪ 17.0m @ 2.31g/t Au, 0.16% Co, 0.38% WO3,
0.16% Cu from 121.0 -138.0m, including:
o 1.7m @ 6.64g/t Au, 0.12% Co, 0.87% WO3, 0.14% Cu
from 121.0m, and
o 5.5m @ 3.27g/t Au, 0.24% Co, 0.53% WO3, 0.33% Cu
from 132.5m.
26
Investment Highlights
• Focused on three high-grade gold projects in Tasmania (Golden Ridge, Warrentinna and Firetower)
• Golden Ridge Project ❑ Large gold footprint along an 9km trend – encouraging signs of a big gold system
❑ High-grade gold discovery at Trafalgar open in all directions with follow-up drilling underway
• Currently well-funded to advance exploration and drilling = significant news-flow in H2 2024
• Experienced Board, Management and Technical team
Golden Ridge
27
Neil Marston
Managing Director & Chief Executive Officer
+61 3 9692 7222
neil@flynngold.com.au
www.flynngold.com.au
Ben Creagh
Media & Investor Relations
+61 (0) 417 464 233
benc@nwrcommunications.com.au
For more information, please contact us
ASX: FG1
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