Announcement PDF ASX Announcement 20 April 2023 ASX: FG1 Quarterly Activities Report 31 March 2025 Highlights Exploration – Golden Ridge Project, NE Tasmania • Phase 4 diamond drilling program commenced at the Trafalgar and Trafalgar North prospects, comprising 2,000m of in-fill and extensional drilling targeting down-dip and alongstrike extensions – assays pending • Significant new quartz vein system identified at the Grenadier Prospect, with latest trenching channel sampling assays pending – follow-up drilling planned • Emerging gold target identified at the Double Event Prospect, with recent rock chip sampling recording gold grades of up to 44.5g/t Au – follow-up trenching planned • Gold-in-soil sampling anomaly at the Grenadier Prospect extended to >1km north-south and 1km east-west - follow-up sampling planned Exploration – Henty Project, Western Tasmania • • Highly anomalous silver-lead-zinc mineralisation confirmed at the Henty Project in rock chip samples, with nine of the 17 samples returning assays exceeding 10 ounces/tonne silver (311g/t Ag) with coincident anomalous to high-grade lead and zinc values, including:  AV007 – 1,120g/t Ag, 52.1% Pb and 3.1% Zn  AV016 – 777g/t Ag and 50.9% Pb  AV011 – 720g/t Ag and 43.6% Pb  AV001 – 420g/t Ag, 51.3% Pb and 18.5% Zn Planning underway to accelerate exploration activities over the Henty Project area Corporate • Successful $2.6M share placement completed, with proceeds to be used: o To accelerate exploration and drilling at the Golden Ridge Project o To undertake exploration at the Henty Silver-Lead Project, and o For general working capital purposes • The Company’s cash position at 31 March 2025 was $1.02 million. This cash position excludes $1.40 million (less expenses) raised under Tranche 2 of the share placement, which was received on 23 April 2025. • For further information or to post questions go to the Flynn Gold Investor Hub at https://flynngold.com.au/link/pegWNe JOIN FLYNN GOLD’S INTERACTIVE INVESTOR HUB to receive announcements and updates and to interact with the Company by asking questions or making comments which our team will respond to where possible Page 2 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to report on its activities for the quarter ending 31 March 2025. Flynn is an Australian mineral exploration company with a portfolio of 100%-owned exploration projects in Tasmania and Western Australia (see Figure 1). The Company has ten 100%-owned tenements in north-east Tasmania which are highly prospective for gold as well as tin-tungsten. The Company also holds the Henty zinc-lead-silver project located on Tasmania’s mineral-rich west coast and the Firetower gold and battery metals project located in north-western Tasmania. Flynn has also established a portfolio of exploration assets in the Pilbara and Yilgarn regions of Western Australia. Figure 1 – Location Plan of Flynn Gold Projects. Page 3 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Exploration –Tasmania During the March 2025 Quarter, the Company’s exploration activities in Tasmania were focused on the Golden Ridge Project in north-east Tasmania (Figure 2) and the Henty Project in western Tasmania. Figure 2 – Location of Flynn Gold tenements in NE Tasmania. Page 4 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Golden Ridge Project – NE Tasmania The Golden Ridge Project consists of multiple prospects and historical gold workings along a nine-kilometre-long intrusive granodiorite-hornfels metasediment contact zone where Flynn is actively exploring to identify and test multiple exploration targets, with the aim of making further discoveries (Figure 3). Figure 3 – Flynn Gold’s Golden Ridge Project, NE Tasmania, showing prospect areas. Intrusive-Related Gold Mineralisation System (IRGS) at Golden Ridge Vein-hosted gold mineralisation at Golden Ridge is interpreted to be of the IRGS type, comprising narrow auriferous quartz veins with accessory pyrite, arsenopyrite and galena. While the mineralisation often sits within discrete veins, it also occurs over wider intervals that include stockwork, multiple sub-parallel vein sets and sheeted veins. Auriferous quartz veins are sub-vertical to steeply dipping to the north-west or south-east and striking northeast to eastnortheast. Page 5 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 The mineralised system is identified as a prominent resistive ridge of Mathinna sediments at the hornfelsed contact margins of the Golden Ridge Granodiorite, although it is noted that this ridge is coincidently where most of the historic mining and recent exploration activity has been concentrated (Figure 3). Trafalgar was the only significant historical mine to host gold veins within the granodiorite, however recent work by Flynn has identified further gold vein mineralisation within the intrusive which has significant implications for the future scale potential of the project. Trafalgar Prospect – Phase 4 Diamond Drilling Flynn Gold commenced the 2,000m Phase 4 diamond drilling program at the Golden Ridge Project during the Quarter. This phase includes in-fill and extensional drilling aimed at increasing geological confidence and supporting potential resource estimations at the Trafalgar and Trafalgar North prospects. Trafalgar North – Strike Extension Drilling Drilling along strike from the known mineralisation at Trafalgar North was completed during the Quarter with two diamond holes (TFDD021 and TFDD022) for a total of 355.9m. As at the date of this report assay results have been received for TFDD021, which returned multiple anomalous intervals including 0.5m @ 2.9 g/t Au from 72m. These results confirm that mineralisation extends a further 60m south-west along strike from earlier drilling (see Figure 4). Assays are pending for TFDD022 in which, quartz veining with arsenopyrite and pyrite have been observed in drill core, indicating a possible further 60m extension of mineralisation to the northeast. Overall, recent drilling has demonstrated that mineralisation at Trafalgar North extends over at least 185m along strike and to depths at least 130m down-dip, supported by high-grade intercepts from previous drilling such as 4.8m @ 4.0g/t Au, including 0.4m @ 24.0 g/t Au from 165.6m (TFDD0019) 1. Trafalgar – In-fill and extensional drilling The first hole of the Phase 4 campaign at the main Trafalgar Prospect, TFDD023, commenced in early April 2025 with a planned depth of 280m. This hole is designed to in-fill a ~115m gap between high-grade intercepts from earlier drilling (see Figure 4): - TFD001: TFDD003: TFDD016: 5.0m @ 12.6 g/t Au incl. 0.4m @ 150.0 g/t Au 2 1.2m @ 65.9 g/t Au incl. 0.5m @ 143.0 g/t Au 3 1.4m @ 12.7 g/t Au incl. 0.5m @ 35.1 g/t Au 4 The next hole, TFDD024, is planned to test approximately 30-40m along strike and down-dip of the high-grade intercept in TFDD013, which returned: - TFDD013: 4.0m @ 23.7 g/t Au incl. 0.5m @ 169.8 g/t Au 5 1 See FG1 ASX Announcement dated 16th September 2024 for full details 2 See FG1 ASX Announcement dated 15th June 2021 for full details 3 See FG1 ASX Announcement dated 24th October 2022 for full details 4 See FG1 ASX Announcement dated 28th May 2024 for full details 5 See FG1 ASX Announcement dated 14th September 2023 for full details Page 6 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Figure 4 - Trafalgar Prospect Drill Hole Location Plan. Page 7 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Ridge and Road Soil Sampling Soil sampling at the Golden Ridge Project has been progressively undertaken since a trial using the UltraFine+ analytical technique was successfully initiated in May 2022 6. The Ridge and Road soil sampling campaign was undertaken to provide geochemical coverage across the under-explored interior of the Golden Ridge Granodiorite, as well as untested sections of its contact zones (Figure 5). Highlights from the most recent results 7,8 include: Grenadier Extensions: The gold-in-soil anomaly at the Grenadier prospect has been confirmed and extended during the quarter, increasing the geochemical footprint to over 1km north-south and 1km east-west along the south-western area of the granodiorite. The anomaly remains open to the south and south-east with further soil sampling planned to test the area west and east of the Kensington Prospect. New Western Anomaly: A new gold-in-soil anomaly has been discovered along the Western contact, approximately 900m to the north of Grenadier. Interior Sampling Results: Soil sampling was undertaken across a broad area within the interior of the granodiorite during the quarter, indicating that it is generally not anomalous in gold. The results confirm that the contact margins and outboard of the margins in the hornfels zone are the principal exploration focus, although several internal anomalies will require follow-up exploration work. The results of this program enable Flynn to refine future soil sampling efforts, focusing exploration on the granodiorite contact zones. Grenadier – Trenching and Sampling Update The Grenadier Prospect was first discovered through soil sampling, which was followed up by additional sampling campaigns and a trenching program 9. Previous trenches excavated by Flynn at the prospect intersected steeply-dipping quartz veins that strike to the north-east, with previously reported significant mineralisation in trenches such as 1.3m @ 6.6g/t Au including 0.4m @ 17.7g/t Au in Trench 3, and 2.3m @ 4.2g/t Au including 0.4m @ 11.0g/t Au in Trench 4 10 (Figure 6). During the Quarter a 40m-long trench (Trench 7), located 70m north-east of Trench 2 (Figure 5), intersected pyritic quartz-veining trending in line with the main mineralised zone. Channel sampling results received for Trench 7 returned no significant intervals. 6 See FG1 ASX Announcement dated 25th May 2022 for full details 7 See FG1 ASX Announcement dated 21st February 2025 for full details 8 See FG1 ASX Announcement dated 24th April 2025 for full details 9 See FG1 ASX Announcement dated 16th October 2024 for full details 10 See FG1 ASX Announcement dated 13th January 2025 for full details Page 8 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Trench 2 was subsequently extended 46m to the south-east to test an area where anomalous float rock-chip samples were collected. Multiple quartz-sulphide veins have been intersected, with assay results pending. Figure 5 – Golden Ridge: Gold-in-Soils (Ultrafine+) Heatmap. Page 9 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 In March 2025, a further six trenches (Trenches 7 [extension] – 11) were excavated, resulting in the discovery of a major new quartz-sulphide vein (G2 vein) and defining the Grenadier vein system over a total strike distance of over 300m (Figure 6). Results are pending for channel sampling of these new trenches. Figure 6 – Grenadier Prospect: Trench Area Plan. Page 10 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Double Event – Emerging Gold Target The Double Event prospect is located approximately 1km north of the historic Trafalgar gold mine (Figure 3) along the same granodiorite-metasediment contact. Historic reference to the prospect appears in Twelvetrees (1899) 11, who describes the ‘Double Event Mine’ in terms of its geographic position and orebody characteristics. Twelvetrees reports a quartz vein that “widens out to 2 or 3 feet wide as it descends”. The vein trends approximately 57° and dips steeply north (referenced to magnetic north), hosted within weathered granite. Twelvetrees also reported limited historical workings included a 60-foot-deep shaft and an adit excavated northward, which would have intersected the reef at around 70 feet below the shaft collar. The reef is also exposed in shallow trenches extending east of the shaft for “100 feet or more”. Twelvetrees notes that gold grades of 4.3 ounces (~133.7g/t Au) were reported from the bottom of the shaft. Figure 7 – Double Event Prospect – Map showing location of rock chip samples and proposed trenches. 11 Ref: Report on Gold Mines near Hogan’s Track, W.H. Twelvetrees, Oct 1899 (MRT Report - O/S 144) Page 11 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Recent Fieldwork During the quarter fieldwork has confirmed the location of both the historic Double Event shaft and the adit, as described by Twelvetrees. Several shallow historic trenches/pits were also located to the east of the shaft. Adjacent to the now-collapsed adit portal, a mullock dump containing mineralized quartz was observed and sampled. A total of eight rock samples (see Figure 7) were collected at Double Event, including: • • • • Four samples of quartz with arsenopyrite veins from the historic mullock dump near the collapsed adit, which recorded gold grades of 7.93g/t, 18.5g/t, 40.9g/t and 44.5g/t Au; Two samples of quartz with arsenopyrite veins from mullock near the historic shaft, which recorded gold grades of 7.39g/t and 17.5g/t Au; One float sample from a historic trench east of the shaft, which recorded 0.24g/t Au; and One float sample taken at the bottom of the ridge, which recorded 0.11g/t Au. EDGI Program Drilling Co-funded exploration drilling was completed during the Quarter at the Historic Golden Ridge Adit. This program was one of two successful applications made by the Company under Round 10 of the Tasmanian Government’s Exploration Drilling Grant Initiative (EDGI), with each program eligible for up to $70,000 in grant funding to cover 50% of direct drilling costs 12. Drilling at the Link Zone, which was partially completed during the Quarter forms the second EDGI-funded program. Golden Ridge Adit Drilling The Golden Ridge Adit (‘the Adit’) is located in the Link Zone prospect area situated between the Brilliant and Trafalgar prospects at Golden Ridge (see Figure 5). Multiple quartz-sulphide veins were intercepted in the Adit and have been sampled and mapped by Flynn, returning grades of up to 64.4g/t Au 13. Mapping of adit walls indicates that the vein system is hosted in open-folded, thin to moderately bedded, silicified hornfelsed sediments that steepen to sub-vertical, tightly folded beds as the mineralised zone is approached. Drilling tested the mineralised zone originally excavated and driven upon in the historic adit. Four holes (GRA001-004) were drilled for a total of 666 metres (Figure 8). GRA001 and GRA002 Both holes were designed to traverse from north to south through the eastward trending mineralised zone 80m along strike to the east, and to the west of the Adit. GRA001 was drilled to the west of the Adit, traversing the southern limb of an east-west trending open fold with occasional minor folding. Minor quartz-veining was intersected in the target zone. 12 See FG1 ASX Announcement dated 27th September 2024 for full details 13 See FG1 ASX Announcement dated 17th April 2024 for full details Page 12 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 The veining exploited sub-vertical bedding along tight parasitic folds, similar but less pronounced compared to the mineralised zone in the adit. Although no significant mineralisation was intercepted, the drill-hole confirms that the structural setting of the Golden Ridge Adit mineralisation continues along strike to the west (of the adit). GRA002 successfully intersected quartz-sulphide veining in the hinge area of a broad open fold, 80m to the east of the Adit with low-grade gold mineralisation recorded (maximum 0.65m @ 1.09g/t Au from 101.35m). These intervals are within the target zone and confirm the continuation of mineralisation along strike to the east of the Golden Ridge Adit. Figure 8 – Golden Ridge Adit: Plan view. LZRC001 was previously drilled by Flynn in 2022. Refer to Figure 3 for location of prospect within Golden Ridge. Page 13 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 GRA003 and GRA004 These were short holes designed to test veining exposed during excavation of the GRA002 drill pad, which trends in line with the mineralised zone of the Adit. These holes were drilled south to north (Figure 8). GRA003 successfully intercepted quartz-arsenopyrite veining at 26.4m depth (0.4m @ 2.4g/t Au). GRA004 was drilled beneath GRA003 and the same sulphide rich quartzarsenopyrite veining was intersected at 64.7m depth (0.7 @ 2.4g/t Au) (Figure 9) 14. Figure 9 – GRA003 and GRA004 Cross-section. 14 See FG1 ASX Announcement dated 21st February 2025 for full details Page 14 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Link Zone Drilling The Link Zone prospect is located along the prospective granodiorite-metasediment contact zone 900m south-west of Trafalgar and 800m east of the Golden Ridge Adit (see Figure 5). In 2022, Flynn drilled four Reverse Circulation (RC) holes with results including a broad interval of gold mineralisation of 33m @ 0.5g/t Au 15. As part of the EDGI campaign, a diamond hole (LZDD001) has been completed to twin this broad intercept (Figure 10 and Figure 11). Assay results included 0.4m @ 1.6g/t Au from 38.6m and 1.0m @ 0.9g/t Au from 47.0m which confirm that mineralisation in this area occurs within a broad zone containing multiple narrow quartz-sulphide veins, ranging from 3mm to 30mm in width. Figure 10 – Link Zone LZDD001 Plan View. 15 See FG1 ASX Announcement dated 19th December 2022 for full details Page 15 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Figure 11 – LZDD001 Cross-section. Henty Silver-Lead-Zinc Project A preliminary review of historical mining and exploration data held by Mineral Resources Tasmania (“MRT”) during the Quarter highlighted multiple lode vein trends at the Henty SilverLead-Zinc Project that were historically prospected and mined for their high-grade silver-lead content. These include the Silver King, Austral-Oceana and Mariposa trends located on EL3/2018 (see Figure 12). Historically these trends were divided into multiple separate small-scale mining and prospecting operations with a lack of consolidation generally stifling the potential for larger scale operations to develop. Page 16 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Figure 12 – Henty Project: Geology and Prospects Flynn geologists commenced mapping and rock chip sampling over parts of EL3/2018 during the Quarter, with a total of 17 reconnaissance grab rock samples collected from the Silver King, Austral, Austral Flux, Watt and McAuliffes and Perrys No.2 historical silver workings 16 (see Figure 13). The samples were collected from rock dumps and surface rock float in and around the historical small-scale mine workings. Nine of the 17 rock samples collected returned assays results exceeding 10 ounces/tonne silver (311g/t Ag), with coincident anomalous to high-grade lead and zinc values. 16 See FG1 ASX Announcement dated 19th February 2025 for full details Page 17 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Figure 13 – Zeehan Area Sampling Results. The assay results from this first round of sampling confirm the presence of highly anomalous silver-lead-zinc vein systems in the Henty Project area, confirming that the wider system warrants further review and investigation. Ongoing exploration activity includes continuation of field mapping and sampling programs over historical mines and surrounding areas as well as historical data and drill core review. Planning is also underway for drill testing at the Mariposa and Silver King prospects in EL3/2018 and at Grieves Siding on EL6/2015. Page 18 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Exploration – Western Australia Flynn Gold has a portfolio of exploration assets in the Pilbara and Yilgarn regions of Western Australia, strategically located in districts that host large gold and lithium deposits or in districts that the Company considers relatively under-explored. During the quarter, no field work was undertaken on any of these projects. As part of a review of these projects a number of small or isolated tenements were surrendered and a number of tenement applications withdrawn. The 1-year Option to acquire the Parker Dome Project was also allowed to lapse. Corporate Capital Raising During the Quarter, Flynn received firm commitments from institutional and sophisticated investors to raise gross proceeds of $2.6 million via a two-tranche share placement. The Board of Directors of Flynn Gold subscribed for $140,000 through the Placement. The Placement comprised the issue of 130,000,000 new fully paid ordinary shares in Flynn Gold (“New Shares”) at an issue price of A$0.02 per share (“Issue Price”). Flynn Gold also issued one (1) free attaching unlisted option for every two (2) New Shares issued under the Placement (“Placement Options”). The Placement Options are exercisable at A$0.04 with an expiry date of 3 years from the date of issue. The Placement was conducted across two tranches: • • Tranche 1 consisted of a total of 59,904,800 New Shares issued pursuant to the Company’s existing placement capacity under Listing Rules 7.1 and 7.1A (Tranche 1 Placement Shares); and Tranche 2 consisted of 70,095,200 New Shares and 65,000,000 Placement Options, with shareholder approval for Tranche 2 received at a general meeting of shareholders held on 16 April 2025. The Company’s largest shareholder group participated in the Placement to subscribe to 40,000,000 New Shares ($800,000). Bell Potter Securities Limited acted as lead manager to the Placement. The funds raised under the Placement, which was completed in late April 2025, will be used to further exploration and drilling at the Golden Ridge project, the Henty Silver-Lead project, advance other exploration opportunities and general working capital. Cash Position The Company’s cash position at 31 March 2025 was $1.02 million. This cash position excludes $1.40 million (less expenses) raised under Tranche 2 of the share placement, which was received on 23 April 2025. Page 19 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Summary of expenditure The Company’s major cashflow movements for the quarter included: • • Exploration & Evaluation expenditure - $637k; Employee costs - $122k; and • Administration and corporate costs - $72k. Payments to related parties of the entity and their associates In the March quarterly Appendix 5B, the figure of $116k as disclosed in section 6.1 and 6.2 relates to salaries and fees (including superannuation) paid to directors and their associates during the quarter. Approved by the Board of Flynn Gold Limited. 30 April 2025 For more information: Neil Marston Chief Executive Officer +61 3 9692 7222 info@flynngold.com.au Nicholas Read Media & Investor Relations +61 (0) 419 929 046 nicholas@readcorporate.com.au Page 20 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Interests in Mining Tenements The Company holds a granted beneficial interest in the following tenements as at 31st March 2025: Licence Description Interest acquired/farm-in or disposed/farm-out during the quarter - Mining Tenement Location Beneficial Percentage held EL11/2012 NE Tasmania 100% Portland EL13/2024 NE Tasmania 100% Beaconsfield EL18/2016 NE Tasmania 100% Cameron - EL17/2018 NE Tasmania 100% Golden Ridge - EL16/2021 NE Tasmania 100% Bendover Hill - EL02/2019 NE Tasmania 100% Mangana - EL3/2020 NE Tasmania 100% Lisle - EL16/2024 NE Tasmania 100% Lisle EL Granted EL4/2020 NE Tasmania 100% Lyndhurst - EL30/2004 NE Tasmania 100% Warrentinna - EL26/2004 NW Tasmania 100% Firetower - EL6/2015 W Tasmania 100% Henty South - EL3/2018 W Tasmania 100% Henty North - E45/5055 Pilbara, WA 100% Mt Dove - E45/6156 Pilbara, WA 0% Mt Dove Surrendered E45/6157 Pilbara, WA 0% Mt Dove Surrendered E45/6158 Pilbara, WA 0% Mt Dove Surrendered E45/5730 Yarrie, WA 100% Shay Gap - E45/5731 Yarrie, WA 100% Shay Gap - E77/2739 Koolyanobbing, WA 0% Rainy Rocks Surrendered E77/2915 Forrestania, WA 100% East Indies - E63/2187 Lake Johnston, WA 100% Mt Day North - E63/2188 Lake Johnston, WA 100% Ant Rock - E63/2190 Lake Johnston, WA 100% Bremer E77/1965 Parker Dome, WA 0% Parker Dome E77/2091 Parker Dome, WA 0% Parker Dome Option to Purchase Lapsed Option to Purchase Lapsed References ASX Announcement 13 January 2025 - Flynn Expands Key Gold Targets at Golden Ridge, NE Tasmania ASX Announcement 19 February 2025 - High-Grade Silver-Lead at Henty Project, Western Tasmania ASX Announcement 21 February 2025 - Exploration Update - Golden Ridge Project, NE Tasmania ASX Announcement 27 February 2025 - Successful $2.6M Placement to Progress Exploration Projects ASX Announcement 19 March 2025 - Drilling Resumes For High-Grade Gold at Golden Ridge, NE Tas ASX Announcement 24 April 2025 - New Priority Targets Emerging at Golden Ridge Project NE Tas Page 21 of 21 | ABN 82 644 122 216 | ASX: FG1 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Flynn Gold Limited ABN Quarter ended (“current quarter”) 82 644 122 216 31 March 2025 Consolidated statement of cash flows Current quarter $A’000 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for Year to date (9 months) $A’000 - - (637) (2,197) (b) development - - (c) production - - (d) staff costs (122) (389) (e) administration and corporate costs (72) (458) (a) exploration & evaluation 1.3 Dividends received (see note 3) - - 1.4 Interest received 2 50 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities (827) (2,980) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - - (c) property, plant and equipment - (7) (d) exploration & evaluation - - (e) investments - - (f) - (10) other non-current assets ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 2.2 Current quarter $A’000 Year to date (9 months) $A’000 Proceeds from the disposal of: (a) entities - - (b) tenements - - (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (provide details if material) - - 2.6 Net cash from / (used in) investing activities - (17) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 1,198 1,198 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - 3 3.4 Transaction costs related to issues of equity securities or convertible debt securities (95) (123) 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (payments of Lease Liabilities) (8) (19) 3.10 Net cash from / (used in) financing activities (1,095) 1,059 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 753 2,958 4.2 Net cash from / (used in) operating activities (item 1.9 above) (827) (2,980) 4.3 Net cash from / (used in) investing activities (item 2.6 above) - (17) 4.4 Net cash from / (used in) financing activities (item 3.10 above) (1,095) 1,059 ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A’000 Year to date (9 months) $A’000 - - 1,020 1,020 Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 270 253 5.2 Call deposits 750 500 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 1,020 753 6. Payments to related parties of the entity and their associates 6.1 Aggregate amount of payments to related parties and their associates included in item 1 116 6.2 Aggregate amount of payments to related parties and their associates included in item 2