Investor Presentation - Tasmanian Tungsten Projects
Released
Released
Announcement PDF
Investor Presentation
Tasmanian Tungsten Projects
May 2026
flynngold.com.au
Important Notice & Disclaimer
OVERVIEW
This presentation (“Presentation”) has been prepared by Flynn Gold Limited (ABN 82 644 122 216) (“Flynn Gold” or “Company”) and is dated 5 May 2026.
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 disclose 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 purposed only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper description
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 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 like “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 PERSONS STATEMENT
The information in this Presentation that relates to the Exploration Results is based on information compiled 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. 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 the report of the matters based on his information in the form and context in which it appears.
ASX:FG1 2
flynngold.com.au
Date Announcement Title
24/03/2026 More Shallow High-Grade Gold-Tungsten Intercepts at Firetower
09/02/2026 Exceptional Tungsten Assays up to 14.75% WO3 at Gorge Creek
30/10/2025 Shallow High-Grade Gold-Tungsten-Cobalt at Firetower Project
01/10/2025 High-Grade Gold-Cobalt-Tungsten in Firetower Drill core
26/03/2024 Strike and Depth Potential Identified at Firetower
22/01/2024 High-Grade Au-Co-W Intersected at Firetower, NW Tasmania
27/10/2023 High-Grade Au-Co-W Enhances Minerals Potential at Firetower
05/06/2023 Exercise of Option on Advanced Gold & Battery Metals project
01/12/2022 Acquisition of Advanced Tasmanian Gold and Battery Metals Projects
• Each of the announcements above included a Competent Person’s Statement from Sean Westbrook
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:
3 | ASX FG1
flynngold.com.au
Investment Highlights
ASX:FG1 4
Focused Gold explorer with a complementary pipeline of high-quality Tungsten assets
High-Leverage Tungsten Exposure in a Constrained Global Market
• Strategic tungsten exposure in the Tier-1 mining jurisdiction of Tasmania, Australia.
• Firetower Project: shallow, multi-metal system (tungsten, gold, cobalt).
Wide intercepts including 17m @ 0.73% WO3 + 2.31g/t Au.
Clear pathway to a maiden Mineral Resource Estimate (H2 2026).
District-scale potential across a 6km mineralised trend.
• Gorge Creek Prospect: high-grade tungsten system with rock chips up to 14.75% WO3.
• Strong leverage to the tungsten price, plus co-product credits (Au, Co).
flynngold.com.au
5
ASX-listed (ASX:FG1)
gold & critical
minerals explorer
Quality under-explored
portfolio in Tasmania
(850km2)
Tungsten + Gold at
Firetower Project - an
increasingly valuable asset
Focused on exploring
for high-grade gold
deposits
Continuous drilling
program in 2026 testing for
gold, tungsten and silver
Maiden Exploration
Target at flagship
Golden Ridge Project
Significant leverage
to ongoing discovery
success
Flynn Gold - Overview
5 | ASX FG1
Historical high-grade
silver-lead deposits at
Henty
Our aim is to discover
significant deposits in
the near-term, as the
foundation for a long-
term Australian
business.
flynngold.com.au
6 | ASX FG1
Share price:
4th May 2026 A$0.025
Cash @ 31st
March 2026 $2.48m
Shares on
issue 608.6m
Listed Options
(7.5c) (FG1O)2 50.6m
Notes
1. Expire 7 Nov 2026, $0.075/share exercise price
2. Expire 23 April 2028, $0.04/share exercise price
3. Expire 14 April 2028, $0.04/share exercise price
Company Snapshot
CAPITAL STRUCTURE | ASX: FG1
DIRECTORS
Clive Duncan
Chair
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).
Neil Marston
Managing Director & CEO
Qualified accountant and Chartered Secretary with extensive
experience in the areas of mineral exploration, capital markets,
corporate governance, project management and stakeholder
engagement.
John Forwood
Non-Executive Director
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.
Colin Bourke & Associates
Directors & Management
Lowell Resources Fund
Other
32.61%
3.87%
3.84%
Market Cap at
$0.025/share $15.2m
Enterprise Value
at $0.025/share ~$13.0m
Unlisted (4.0c)
Options3 65.5m
Listed Options
(4.0c) (FG1OA)4 118.7m
TOP SHAREHOLDERS
(as at 14th April 2026)
59.68%
Sam Garrett
Technical Director
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
flynngold.com.au
Why Tasmania -
A Proven Tungsten Province
Home to the Dolphin Mine on King Island –
the highest-grade tungsten deposit of significant
size in the western world
• King Island Tungsten (Scheelite) Deposits:
First operated between 1917 and 1992.
2019 Mineral Resource1 of 11.36Mt @ 0.90% WO3.
Mining at Dolphin Mine re-commenced in 2023.
• Cleveland Tin/Tungsten Deposit:
Tungsten Mineral Resource2 of 8.5Mt @ 0.24% WO3.
• Other Significant Tungsten/Tin Historical Mines:3
Aberfoyle: 2.1Mt @ 0.28% WO3, 0.91% Sn.
Storys Creek: 1.1Mt @ 1.09% WO3, 0.18% Sn.
ASX:FG1 7
References
1. Group 6 Metals Ltd (formerly King Island Scheelite Ltd) ASX announcement dated 26 Sep 19.
2. Elementos Limited ASX Announcement dated 4 February 2026.
3. Seymour, D.B., Green, G.R., and Calver, C.R. 2007. The Geology and Mineral Resource
of Tasmania: a summary. Geological Survey Bulletin 72. Mineral Resources Tasmania
flynngold.com.au
Firetower Project
Unique Tungsten + Gold + Cobalt project
• Located in the prolific Mt Read Volcanics.
• Historical exploration beginning in the 1970s, was
largely gold focused.
• Anomalous tungsten and cobalt were noted by
previous explorers but generally not followed up.
• Recent drilling by Flynn Gold intercepted wide
high-grade tungsten-gold mineralisation
(up to 17m @ 0.73% WO3 and 2.31g/t Au).
• Drill defined mineralisation over 350m strike and
from surface to 150m depth (open).
• Firetower deposit lies within a highly prospective
6km-long mineralised trend.
ASX:FG1 8
flynngold.com.au
Firetower Project
Resampling of historical drill core plus new
drilling by Flynn Gold confirms W-Au-Co
potential
2019FTD007E (hole extension):
• 17m @ 0.73% WO3, 2.31g/t Au, 0.16% Co & 0.16% Cu
from 121m, including:
1.7m @ 1.08% WO3, 6.64g/t Au, 0.12% Co &
0.14% Cu from 121m;
3.8m @ 0.88% WO3, 2.18g/t Au, 0.27% Co and
0.10% Cu from 126.2m, and
5.5m @ 0.61% WO3, 3.27g/t Au, 0.24% Co &
0.33% Cu from 132.5m.
ASX:FG1 9
flynngold.com.au
Top: Mineralised carbonate-pyrite-
arsenopyrite-scheelite-cobaltite vein.
Firetower Project
Bottom: same segment of drill core under
ultraviolet light, highlighting intense scheelite
(CaWO4) mineralisation in blue.
2019FTD007E (129.5 - 130.0m assay):
0.5 m @ 3.79% WO3, 6.64 g/t Au,
0.38% Co and 0.11% Cu.
2019FTD007E: 129.8m
2019FTD007E: 129.8m
ASX:FG1 10
flynngold.com.au
Firetower Project
Next Steps
• Follow-up drilling program - to commence in Q2 2026
testing depth extensions of high-grade tungsten-gold zones
and to provide material for metallurgical testwork.
• Metallurgical testwork - to establish potential gold and
tungsten processing methods.
• Mineral Resource modelling - with technical support from
independent consultants, SRK Consulting (Australasia) Pty
Ltd.
• Targeting release of maiden Mineral Resource Estimate in
H2 2026.
“The potential to deliver a maiden Mineral Resource Estimate
this year, will put us in a much stronger position to talk about
the potential scale of the project to financiers and investors.”
ASX:FG1
11
flynngold.com.au
An Evolving Tungsten Story
• Geological setting similar to the significant granite
intrusive-related vein deposits at Aberfoyle and Storys
Creek historical mines, located ~60km to the south.
• Significant high-grade tungsten results of up to 14.75%
WO3 recorded in rock chip samples to date.
• Mineralisation occurs at surface as quartz vein hosted
wolframite and scheelite.
• Soil and rock chip sampling has confirmed a broad,
coherent tungsten-bismuth anomaly extending over an
area of approximately 400m by 150m
• Tungsten mineralisation is accompanied by elevated
silver (up to 197g/t Ag), gold (up to 0.64g/t Au) and
bismuth (up to 0.2% Bi) in rock chip samples – a
geochemical signature typical of intrusive-related
tungsten mineralisation.
Gorge Creek Prospect
ASX:FG1 12
flynngold.com.au
Gorge Creek Prospect
ASX:FG1 13
Tungsten mineralisation in Quartz - Gorge Creek specimen photographed in
natural light (left) and under ultraviolet (UV) light (right). Wolframite
mineralisation is visible as black elongate crystals in natural light, while scheelite
mineralisation is identified by its characteristic fluorescence under UV illumination.
flynngold.com.au
Next Steps
• Trenching and channel sampling - to improve
exposure of mineralised structures and vein sets.
• Detailed structural mapping - to confirm the
orientation, continuity and structural controls of the
mineralisation.
• Ground geophysical surveys - potentially high-
resolution gravity and magnetic surveys.
• Geological modelling - to refine the mineralised
system architecture and support the identification of
drill targets.
• Shallow drilling – to test extent of mineralisation.
Gorge Creek Prospect
ASX:FG1 14
“Last worked on a small scale in the 1980’s, the Gorge Creek tungsten prospect has lain dormant for almost half a
century, only to re-emerge at a time when global demand in critical minerals such as tungsten is very high.”
flynngold.com.au
• Multiple near-term value drivers with consistent news-flow expected in
H2 2026:
Firetower - diamond drilling results.
Firetower - metallurgical testwork results.
Firetower - Maiden Mineral Resource Estimate.
Gorge Creek - fieldwork updates ahead of potential drilling.
• Follow-up activities to focus on maximising the substantial value of
these Tungsten assets for the benefit of FG1 shareholders.
"Flynn Gold offers rare exposure to multiple high-potential tungsten opportunities in
a Tier-1 jurisdiction at a time of tightening global supply and strong pricing."
Upcoming Tungsten Catalysts
ASX:FG1 15
flynngold.com.au
The Critical Minerals Moment
From Overlooked…to Essential Strategic Minerals
Tungsten – designated a critical mineral by USA, Australia;
80% of global supply controlled by China, with 2025 export
restrictions and new supply constraints pushing prices to
all-time highs in 2026.
Cobalt – essential in lithium-ion batteries and clean energy
technologies; current supply dominated by the DRC (~70%),
creating ESG and supply chain risks.
Strategic Importance – both minerals are vital for modern
society in construction, aerospace, Electric Vehicles and
renewable energy uses, with growing western government
focus on securing supply.
Tier-1 Jurisdiction Advantage – Flynn Gold’s tungsten
projects in Australia offer potential future supply in a
stable, ESG-aligned jurisdiction.
ASX:FG1
16
Nicholas Read
Media & Investor Relations
+61 (0) 419 929 046
nicholas@readcorporate.com.au
Neil Marston
Managing Director & Chief Executive Officer
+61 3 9692 7222
neil@flynngold.com.au
For more
information
please
contact us
ASX: FG1 flynngold.com.au
SCAN QR CODE
TO JOIN OUR
INTERACTIVE
INVESTOR HUB
https://flynngold.com.au/link/rAN6YP
Share your feedback
Discover