Announcement PDF ASX Announcement 19 January 2023 ASX Announcement 18 August 2026 ASX: FG1 ABN 82 644 122 216 CAPITAL STRUCTURE Share Price: A$0.021 Cash (30/06/26): A$1.12M Debt: Nil Ordinary Shares: 608.6M Market Cap: A$12.2M Options Listed (FG1O): 50.6M Listed (FG1OA): 118.7M Unlisted Options: 65.5M BOARD OF DIRECTORS Clive Duncan Non-Executive Chair Neil Marston Managing Director / CEO Sam Garrett Technical Director John Forwood Non-Executive Director COMPANY SECRETARY Mathew Watkins CONTACT Suite 2, Level 11 385 Bourke Street Melbourne VIC 3000 info@flynngold.com.au www.flynngold.com.au Golden Ridge Project NE Tasmania 94% Gold Extraction Achieved in Metallurgical Tests Highlights • Sighter metallurgical tests achieve 94% average gold extraction from 35 low to medium-grade samples (0.1g/t - 4.5g/t Au) from the Trafalgar Prospect, part of Flynn Gold’s 100%-owned Golden Ridge Project in NE Tasmania. • The samples were sourced from broad zones of lower-grade mineralisation outside of the high-grade vein domains used to estimate the November 2024 Trafalgar Exploration Target. The testwork was undertaken to investigate the cyanide leachability of lower-grade mineralisation and whether it warrants further evaluation as part of potential future bulk-mining scenarios. • Results are consistent with previously reported testwork at Trafalgar, which achieved 94.5% average gold extraction1 across a range of mineralised grades. • Further metallurgical testwork planned to evaluate potential low-capex production pathways capable of accelerating development of the Golden Ridge Project. • Resource drilling program commenced at Golden Ridge’s Brilliant prospect with 21-holes (2,500m) approved. • For further information or to post questions, go to the Flynn Gold Investor Hub at https://flynngold.com.au/link/yMd1pP Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to report another successful round of metallurgical tests at its 100%-owned Golden Ridge Project, located in north-east Tasmania (Figure 1). Managing Director and CEO, Neil Marston commented, “Activities are accelerating on several fronts at Golden Ridge. Over the last month we have announced the registration of a Mining Lease application, the execution of a non-binding Ore Purchase Agreement with the Henty Gold Mine owned by Kaiser Reef Limited and the start of a resource drilling program at the Brilliant Prospect. 1 See FG1 ASX announcement dated 22 November 2023 for full details Page 2 of 15 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 info@flynngold.com.au | www.flynngold.com.au “Today the Company has announced the results of another round of metallurgical tests using lower-grade core samples from the Trafalgar prospect, which achieved average cyanide gold extraction of 94% using the LeachWELLTM method. Importantly, the samples were sourced from lower-grade mineralisation outside the higher- grade vein domains used to estimate the 2024 Trafalgar Exploration Target. The testwork was undertaken to investigate the cyanide leachability of low-grade mineralisation at Golden Ridge and whether it warrants further evaluation as part of potential future bulk-mining development scenarios. “Undertaking these tests is vital in determining if the lower-grade gold mineralisation at Golden Ridge can be extracted using a similar style of leaching process to that used at the Henty processing plant. “To achieve this gold extraction result using low-grade core samples, whilst also confirming the earlier results of 94.5% on higher-grade samples at the Trafalgar Prospect and 94.9% on samples from the nearby Grenadier Prospect, is extremely encouraging. “A more comprehensive round of metallurgical testwork is now being scoped out which will, amongst other things, aim to establish whether simple methods can be used to beneficiate run-of-mine material into a high-grade ore or concentrate to supply to Henty Gold Mine or other potential buyers.” Golden Ridge Metallurgical Testwork Results In 2023, an initial program of metallurgical testwork was undertaken with the aim of establishing whether the gold at the Trafalgar Prospect at Golden Ridge was readily recoverable using conventional cyanide leaching processes. A total of 26 samples across a wide range of gold grades (only six of which were <1.0g/t Au) were tested for gold extraction by cyanide using a bottle roll leach (LeachWELLTM ) test at Australian Laboratory Services Pty Ltd (ALS). This second Trafalgar program reported here used the same LeachWELLTM method on 35 low to medium grade (0.1g/t - 4.5 g/t Au) samples, 28 of which were <1.0g/t Au. Table 1 shows that gold recoveries ranged from 88% to 97%. Overall, the average achieved across the 35 samples is 94% gold extraction. These results are also consistent with previously reported LeachWELLTM testwork results on six arsenopyrite-pyrite-bearing quartz vein samples from the Grenadier prospect, which achieved an average gold extraction of 94.9%. Collectively, the LeachWELLTM test results indicate that a high proportion of the gold contained in the samples tested at Golden Ridge is cyanide extractable and support further evaluation of conventional cyanide leaching as a potential processing pathway. It should be noted that LeachWELLTM test conditions are more intensive than those typically used in conventional Carbon-in-Pulp (CIP) or Carbon-in-Leach (CIL) processing and the samples were tested at a fine grind size. Accordingly, while the results provide a positive indication of gold leachability, further testwork is required to establish recoveries under potential commercial processing conditions. Further metallurgical testwork is planned. Page 3 of 15 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 info@flynngold.com.au | www.flynngold.com.au Table 1: Results of LeachWELLTM and Tailings Analysis Drillhole ID From (m) Interval (m) LeachWELLTM Test Initial FA50 Variance LeachWELLTM vs FA50 NaCN leach Au (ppm) Tail (FA50) Au (ppm) TOTAL Au (ppm) NaCN Extraction (%) Au (ppm) Au (ppm) (%) TFDD008 247.0 0.5 0.64 0.02 0.66 97% 0.63 0.03 5% 247.5 0.5 0.37 0.02 0.39 95% 0.34 0.05 15% 248.0 1.0 0.38 0.03 0.41 93% 0.60 -0.19 -32% 249.0 0.5 0.30 0.02 0.32 94% 0.34 -0.02 -6% 249.5 0.5 0.65 0.04 0.69 94% 0.61 0.08 13% 250.0 0.5 0.91 0.05 0.96 95% 0.76 0.20 26% 250.8 0.6 1.36 0.07 1.43 95% 1.30 0.13 10% 251.4 0.5 0.18 0.01 0.19 95% 0.20 -0.01 -5% 251.9 0.4 1.67 0.13 1.80 93% 1.73 0.07 4% 252.3 0.7 0.24 0.02 0.26 92% 0.30 -0.04 -13% 253.0 1.0 0.57 0.04 0.61 93% 0.37 0.24 65% 254.0 0.7 0.54 0.05 0.59 92% 0.67 -0.08 -12% 254.7 0.8 4.36 0.27 4.63 94% 4.40 0.23 5% 255.5 0.5 0.48 0.04 0.52 92% 0.50 0.02 4% 256.0 1.0 0.41 0.03 0.44 93% 0.32 0.12 37% 257.0 0.5 2.22 0.16 2.38 93% 2.27 0.11 5% 257.5 0.5 4.19 0.23 4.42 95% 4.27 0.15 4% 258.0 1.0 0.51 0.04 0.55 93% 0.55 0.00 0% 259.0 1.0 0.12 0.01 0.13 92% 0.12 0.01 8% 260.0 1.0 0.14 0.01 0.15 93% 0.18 -0.03 -17% 261.0 1.0 0.15 0.01 0.16 94% 0.16 0.00 0% TFDD012 237.0 1.0 0.21 0.02 0.23 91% 0.22 0.01 5% 238.0 1.0 0.30 0.03 0.33 91% 0.37 -0.04 -11% 239.0 1.0 0.41 0.02 0.43 95% 0.39 0.04 10% 240.0 1.0 0.08 0.01 0.09 89% 0.12 -0.03 -25% 241.0 1.0 0.15 0.02 0.17 88% 0.15 0.02 13% 242.0 1.0 0.11 0.01 0.12 92% 0.11 0.01 9% 243.0 1.0 1.00 0.07 1.07 93% 0.84 0.23 27% 244.0 1.0 0.69 0.03 0.72 96% 0.70 0.02 3% 245.0 1.0 0.74 0.05 0.79 94% 0.66 0.13 20% 246.0 1.0 0.85 0.04 0.89 96% 0.74 0.15 20% 247.0 1.0 3.50 0.24 3.74 94% 3.69 0.05 1% 248.0 1.0 0.34 0.03 0.37 92% 0.40 -0.03 -7% 249.0 1.0 0.10 0.01 0.11 91% 0.11 0.00 0% 250.6 0.6 1.99 0.15 2.14 93% 2.39 -0.25 -10% 30.86 2.03 32.89 94% Note: Table 1 compares the original 50g fire-assay results with the total gold grades subsequently determined from the 1,000g LeachWELL™ and tailings analyses. Variability between the results is evident, particularly at lower gold grades, reflecting the analysis of separate aliquots of the pulverised sample material. The reported cyanide extraction percentages are calculated using the LeachWELL™ extractable gold and corresponding tailings assay from each test and are independent of the original 50g fire-assay result. Page 4 of 15 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 info@flynngold.com.au | www.flynngold.com.au Next Steps • Metallurgical consultants are advising the Company on the scope of the next phase of testwork, which is expected to use fresh core from drilling and evaluate gold recovery under conditions more representative of potential commercial processing.. • The next phase of testwork will also investigate potential beneficiation options for lower- grade mineralisation and the potential to produce higher-grade material or concentrate for further processing. • Resource drilling at the Golden Ridge Project has commenced. A program of up to 21 drill holes for 2,500m at the Brilliant prospect has received Mineral Resources Tasmania approval. • Trenching has recommenced at the Brilliant prospect following up the first four trenches which were recently completed and confirmed a broad footprint of anomalous gold extending northeast along strike of previous drilling over a strike length of more than 110 metres.2 Golden Ridge Project – Background Exploration undertaken by Flynn Gold at the Golden Ridge Project has identified extensive intrusion-related type gold mineralisation (IRGS) extending over a 9km-long zone along the southern contact margin of the Golden Ridge Granodiorite with the Hornfelsed Mathinna Group metasediments. In November 2024, the Company announced a JORC compliant Exploration Target for the Trafalgar, Brilliant and Link Zone prospects at Golden Ridge3 as set out in Table 2 below: Table 2: Combined Exploration Target for Trafalgar, Brilliant and Link Zone prospects at the Golden Ridge project. Tonnes Range (Mt) Grade Range (g/t Au) Contained Au Range (oz) Low High Low High Low High 3.5 5.4 3.0 4.0 449,000 520,000 *The size and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code. Flynn has calculated JORC compliant Exploration Targets* for the Trafalgar, Brilliant and Link Zone prospects at Golden Ridge dated 8th November 2024. 2 See FG1 ASX announcement dated 10 August 2026 for full details. 3 See FG1 ASX Announcement dated 14th November 2024 for full details. Page 5 of 15 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 info@flynngold.com.au | www.flynngold.com.au Table 3 below provides a summary of the Exploration Targets for each prospect*: Table 3: Exploration Targets for Trafalgar, Brilliant and Link Zone prospects at the Golden Ridge project. Prospect Tonnes Range (Mt) Grade Range (g/t Au) Contained Au (oz) Low High Low High Low High Trafalgar 1.6 2.2 4.5 6.0 303,000 322,000 Brilliant 1.4 2.2 1.6 1.9 82,000 115,000 Link Zone 0.6 0.9 2.8 3.5 64,000 83,000 Total 3.5 5.4 3.0 4.0 449,000 520,000 *The size and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code. The combined Exploration Target only encompasses areas where Flynn had drill-tested vein mineralisation at Trafalgar, Brilliant and Link Zone Prospects (see Figure 1) and has not yet been updated to include drilling completed in 2025. Figure 1 – Golden Ridge: 3D view of vein models (oblique view looking North-west) used in the Exploration Target estimations. The light pink shell is the modelled Granodiorite contact. Page 6 of 15 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 info@flynngold.com.au | www.flynngold.com.au Gold in Northeast Tasmania Having secured an enviable tenement position in the highly prospective emerging gold province of northeast Tasmania (see Figure 2), the Company has focused its exploration effort there due to the similarities between this region and the geology and gold mineralisation styles observed in the Victorian Goldfields on the mainland of Australia. The Victorian Goldfields are one of the world’s great gold ‘camps’ and are currently the subject of a dramatic increase in exploration activity and investment following recent high-grade discoveries. The Company’s portfolio in northeast Tasmania is considered prospective for gold and other metals for the following reasons: • The similar geology and geological history to that observed in the Victorian Goldfields, with the potential for several different deposit styles such as orogenic gold and intrusion related gold deposits (IRGD), as well as tin and tungsten; • The discovery of Victorian-Goldfields-style gold mineralisation by Flynn Gold’s geologists during reconnaissance field work and in recent drilling; • Encouraging results from previous drilling campaigns by other operators and, most recently, by Flynn Gold (refer to Table 3 below); • For its extent and endowment, the orogenic gold belt in northeast Tasmania has received significantly less exploration investment by comparison with Victoria despite its similar geology and existing mines; and • Tasmania’s exploration and mining-friendly jurisdiction. The state has a history of mineral exploration and provides excellent access to a skilled workforce and infrastructure, including processing and transport options providing ready access to export markets. Previous drilling at Golden Ridge has delivered multiple high-grade gold intercepts. Previously reported drilling results from the Trafalgar Prospect included multiple intersections grading >100g/t Au4 , is listed in Table 4 below: Table 4: Trafalgar Prospect, Golden Ridge – Significant (>100g/t) Intercepts Hole ID From (m) Interval (m) Au g/t Ag g/t Cu % Pb % Zn % TFDD005 108.7 12.3 16.8 27.6 0.01 0.58 0.25 including 120.3 0.7 152.5 277.0 0.1 6.84 2.68 TFDD013 23.0 4.0 23.7 13.21 0.01 0.18 0.02 including 25.9 0.5 169.8 95.9 0.05 1.37 0.13 TFD001 202.0 2.0 12.56 including 202.7 0.4 150.0 TFDD003 57.5 1.2 65.9 58.27 0.02 1.97 1.32 including 57.5 0.5 143.0 133.0 0.04 4.5 3.09 TFDD015 353.2 1.1 51.3 36.06 0.01 1.18 0.15 including 353.9 0.4 137.8 97.9 0.04 3.23 0.38 4 See FG1 ASX Announcement dated 19th March 2025 for full details. Page 7 of 15 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 info@flynngold.com.au | www.flynngold.com.au Approved by the Board of Flynn Gold Limited. For more information contact: Neil Marston Managing Director & CEO +61 3 9692 7222 info@flynngold.com.au Nicholas Read Media & Investor Relations +61 (0) 419 929 046 nicholas@readcorporate.com.au About Flynn Gold Limited Flynn Gold is an Australian mineral exploration company with a portfolio of projects in Tasmania. The Company has ten 100% owned tenements located in northeast Tasmania which are highly prospective for gold as well as tin and tungsten (see Figure 2). The Company also has the Henty silver-lead-zinc project on Tasmania’s mineral-rich west coast and the Firetower tungsten, gold and critical metals project located in northern Tasmania. For further information regarding Flynn Gold please visit the ASX platform (ASX: FG1) or the Company’s website www.flynngold.com.au. Figure 2 – Northeast Tasmania - Tenement Location Map Page 8 of 15 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 info@flynngold.com.au | www.flynngold.com.au 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. Competent Person Statement The information in this ASX Announcement that relates to Exploration Results, including historical Exploration Results, is based on information compiled and reviewed by Mr Sean Westbrook, a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr Westbrook is a consultant to Flynn Gold and is a shareholder in Flynn Gold Limited. Mr Westbrook has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Westbrook consents to the inclusion in this announcement of the matters based on his information in the form and context in which they appear. Forward Looking and Cautionary Statements Some statements in this announcement regarding estimates or future events are forward-looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward-looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”, “believes”, “potential”, "predict", "foresee", "proposed", "aim", "target", "opportunity", “could”, “nominal”, “conceptual” and similar expressions. Forward-looking statements, opinions and estimates included in this report are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance. Forward-looking statements may be affected by a range of variables that could cause actual results to differ from estimated or anticipated results and may cause the Company’s actual performance and financial results in future periods to materially differ from any projections of future performance or results expressed or implied by such forward-looking statements. So, there can be no assurance that actual outcomes will not materially differ from these forward-looking statements. References FG1:ASX Announcement (Prospectus) dated 15 June 2021 FG1:ASX Announcement dated 22 November 2022 FG1:ASX Announcement dated 19 December 2022 FG1:ASX Announcement dated 22 November 2023 FG1:ASX Announcement dated 14 November 2024 FG1: ASX Announcement dated 10 June 2025 FG1: ASX Announcement dated 10 April 2026 FG1: ASX Announcement dated 22 July 2026 FG1: ASX Announcement dated 6 August 2026 FG1: ASX Announcement dated 10 August 2026 Page 9 of 15 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 info@flynngold.com.au | www.flynngold.com.au JORC Code Table 1 for Exploration Results – Golden Ridge Project Section 1: Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. The sampling described in this report relates to diamond (DD) drilling and subsequent metallurgical testwork on selected samples from previously drilled diamond core. The metallurgical testwork reported in this announcement was undertaken on 35 individual samples sourced from two lower-grade mineralised intervals in two diamond drillholes at the Trafalgar Prospect. The original diamond core samples were collected by qualified geologists or under geological supervision and sampled in accordance with Flynn Gold’s established sampling and QAQC procedures. The samples selected for metallurgical testwork comprised 1,000g aliquots taken from the crushed and pulverised residues of the original diamond core assay samples. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Diamond core sampling is guided by Flynn Gold’s sampling protocols and Quality Control procedures, consistent with industry practice. Sampling is guided by Flynn’s protocols and Quality Control procedures, as per industry standards. Diamond core is sampled to geological boundaries, with sample lengths generally between 0.3m and 1.0m. Core is cut on site and half core sampled, with the remaining half core retained. Care is taken to consistently sample the same side of the core. Certified reference materials and blanks are routinely inserted into the sample stream, together with duplicate samples in accordance with Flynn Gold’s QAQC procedures. For the metallurgical testwork reported in this announcement, 35 individual samples were selected from two lower-grade mineralised intervals in two diamond drillholes. The test samples comprised 1,000g aliquots taken from the crushed and pulverised residues of the original diamond core assay samples. Aspects of the determination of mineralisation that are Material to the Public Report. Original diamond core samples were pulverised to a nominal 85% passing 75 microns and split to produce a 50g charge for gold analysis by fire assay (ALS Au-AA26 method). For the metallurgical testwork reported in this announcement, 35 x 1,000g aliquots were taken from the crushed and pulverised residues of the original diamond core assay samples. The 1,000g samples were subjected to cyanide leaching by ALS using method ME-CN15 with LeachWELL™ accelerant to determine cyanide- extractable gold. The resulting leach residues (tailings) were analysed for gold by fire assay using the ALS Au-AA26 method. The LeachWELL™ extractable gold and corresponding tailings gold assay were combined to determine total gold for each test, from which the percentage of cyanide-extractable gold was calculated. Drilling techniques Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc.). No new drillholes reported in this report. Page 10 of 15 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 info@flynngold.com.au | www.flynngold.com.au Criteria JORC Code explanation Commentary Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed. No new drillholes reported in this report. Measures taken to maximise sample recovery and ensure representative nature of the samples. No new drillholes reported in this report. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. No new drillholes reported in this report. Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. No new drillholes reported in this report. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. No new drillholes reported in this report. The total length and percentage of the relevant intersections logged. No new drillholes reported in this report. Subsampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken. Diamond core was cut on site and half core sampled, with the remaining half core retained. Care was taken to consistently sample the same side of the core. The metallurgical testwork reported in this announcement was undertaken on 1,000g aliquots taken from the crushed and pulverised residues of previously sampled and assayed diamond core, rather than directly on intact or split drill core. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. Not Applicable For all sample types, the nature, quality and appropriateness of the sample preparation technique. Samples were transported to ALS laboratories for preparation and analysis. Sample preparation followed standard laboratory procedures, including drying, crushing and pulverising to a nominal 85% passing 75 microns prior to sub-sampling for assay. The metallurgical test samples comprised 1,000g aliquots taken from the retained pulverised residues of previously prepared diamond core samples. The use of previously pulverised material is considered appropriate for the purpose of this initial sighter testwork to assess cyanide- extractable gold. However, the material had already undergone laboratory crushing and pulverisation and therefore does not replicate the sample preparation or grind conditions of a potential commercial processing circuit. Quality control procedures adopted for all subsampling stages to maximise representivity of samples. Flynn Gold has established protocols covering laboratory sample preparation and the collection and assessment of analytical data. Standard laboratory quality control procedures are applied during sample preparation, including cleaning of crushing and pulverising equipment between sample batches as appropriate. Measures taken to ensure that the sampling is representative of the in- situ material collected, including for Diamond core sampling was undertaken in accordance with Flynn Gold’s established sampling and QAQC procedures. Field QAQC included the insertion of certified reference materials, blanks and duplicate samples. Page 11 of 15 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 info@flynngold.com.au | www.flynngold.com.au Criteria JORC Code explanation Commentary instance results for field duplicate/second-half sampling. The 35 samples selected for the metallurgical testwork were sourced from two lower-grade mineralised intervals in two diamond drillholes. The testwork was undertaken as an initial assessment of cyanide leachability and the samples should not necessarily be considered representative of the broader lower-grade mineralisation at Trafalgar. Whether sample sizes are appropriate to the grain size of the material being sampled. The 1,000g sample mass used for the LeachWELL™ testwork is considered appropriate for the purpose of this initial sighter testwork and provides a substantially larger analytical aliquot than the 50g charge used for the original fire assays. The test samples were taken from material previously pulverised to a nominal 85% passing 75 microns. Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Diamond core samples were analysed for gold by ALS using 50g fire assay with an AAS finish (ALS method Au-AA26). Over-range gold samples were re-assayed using a gravimetric finish. Fire assay is considered an appropriate industry-standard method for determination of total gold. The metallurgical testwork reported in this announcement was undertaken by ALS using method ME-CN15 with LeachWELL™ accelerant on 1,000g samples to determine cyanide-extractable gold. The resulting leach residues were analysed for gold by fire assay (Au- AA26), allowing the proportion of cyanide-extractable gold to be calculated. LeachWELL™ is an accelerated cyanide leach method and the test conditions are more intensive than conventional CIP/CIL processing conditions. The results are considered appropriate as an initial indication of gold cyanide leachability. Further metallurgical testwork is required to establish recoveries under potential commercial processing conditions. ALS laboratories are accredited to applicable ISO/IEC standards. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. No geophysical tools were used to determine any element concentrations Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. ALS undertakes internal laboratory QAQC procedures, including checks on sample preparation and analytical performance. Sample preparation checks for fineness were undertaken by the laboratory to confirm the nominal grind size of 85% passing 75 microns. Internal laboratory QAQC results were reviewed and indicate that the laboratory analytical performance was within acceptable limits. Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel. The metallurgical test results and associated analytical data were reviewed and validated by Company personnel prior to reporting. The original 50g fire-assay results were compared with the total gold grades subsequently determined from the 1,000g LeachWELL™ and corresponding tailings analyses. Variability between the results is evident, particularly at lower gold grades. The analyses were undertaken on separate aliquots of the pulverised sample material. The reported cyanide extraction percentages are calculated from the LeachWELL™ extractable gold and corresponding tailings assay for each test and are independent of the original 50g fire-assay result. The use of twinned hole