FG1 Secures Strategic EL Application at Beaconsfield NE Tas

HIGHLIGHTS

· New FG1 Exploration Licence Application (EL13/2024) submitted over 40sqkm of highly prospective exploration tenure surrounding the Beaconsfield Gold Mine lease in NE Tasmania

· Beaconsfield is the largest gold mine in NE Tasmania with historical production of 3.79Mt @ 14.5g/t Au for 1.77Moz Au

· EL13/2024 covers brownfields targets with several known gold occurrences outside of the Mining Lease offering excellent discovery potential using modern exploration techniques

· Securing EL13/2024 aligns with Flynn’s strategy of targeting orogenic gold in NE Tasmania which is recognised as an extension of the prolific Victorian gold belts

· Once EL13/2024 is granted, data compilation and reconnaissance exploration programs will commence to identify priority targets

· Concurrently, Flynn has reduced by 30% (457sqkm) its existing land-holdings in NE Tasmania as its exploration activities focus on higher priority areas based on recent results