Announcement PDF ASX Announcement 19 July 2024 New High-Grade Gold Discovery at Golden Ridge, NE Tasmania. Grades up to 99.4g/t Au Recorded ASX: FG1 ABN 82 644 122 216 CAPITAL STRUCTURE Share Price: A$0.026 Cash (31/03/24): A$1.53M (does not include $2.7M raised in May 2024) Debt: Nil Ordinary Shares:254.5M Market Cap: A$6.6M Options Listed (FG1O): 50.6M Unlisted Options: 0.4M Performance Rights: 2.7M BOARD OF DIRECTORS Clive Duncan Non-Executive Chair Neil Marston Managing Director and CEO Sam Garrett Technical Director John Forwood Non-Executive Director COMPANY SECRETARY Mathew Watkins CONTACT Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 +61 (0) 3 9692 7222 info@flynngold.com.au www.flynngold.com.au Highlights • New high-grade gold vein zone discovered in trenching 250m north of the Trafalgar mine at the Golden Ridge Project, NE Tasmania where Flynn is currently drilling • 17 out of 36 grab rock chip samples assayed over 10g/t Au, including 99.4g/t Au, 76.6g/t Au and 67.1g/t Au • Gold hosted in multiple sub-parallel quartz-sulphide veins over a minimum 65m wide zone • Assays from initial trench channel sampling include high-grade mineralised intervals: • 11.0m @ 2.0g/t Au including 3.3m @ 6.3g/t Au, and • 16.5m @ 1.3g/t Au including 1.5m @ 6.8g/t Au and 4.0m @ 2.4g/t Au • The new vein zone discovery significantly expands the gold mineralised footprint at the Trafalgar prospect • Diamond drilling is underway to test gold mineralisation at depth below the trenching. • For further information or to post questions go to the Flynn Gold Investor Hub at https://investorhub.flynngold.com.au/link/DP47lr Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to announce the discovery of an extensive system of gold bearing quartz veins within historical workings located approximately 250m north of the historic Trafalgar Mine at its 100% owned Golden Ridge Project in Northeast Tasmania (see Figure 1). JOIN FLYNN GOLD’S INTERACTIVE INVESTOR HUB to interact with Flynn’s announcements and updates by asking questions or making comments which our team will respond to where possible Managing Director & CEO Neil Marston, commenting on the results said: “The company is excited by the discovery of multiple high-grade gold veins approximately 250m north of the main Trafalgar gold deposit at Golden Ridge in Northeast Tasmania. These gold veins were exposed in trenching over an area of historical mine workings which appear unrecorded since they were dug about a century ago. “The vein system potentially expands the footprint of gold mineralisation at Trafalgar to a 500m wide corridor which remains open in all directions, once again confirming the potential for significant scale at the Golden Ridge Project.” “With so many high-grade gold assays recorded at the surface we have adjusted our ongoing diamond drilling program to test beneath these old workings and we look forward to reporting the results of this drilling shortly.” Figure 1 - Location of Flynn Gold tenements in NE Tasmania. Page 2 of 24 | 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 Field Mapping and Trenching Program Following up on recent gold-in-soil anomalies1 Flynn geologists have discovered an area of previously unmapped historical prospecting trenches, pits and adits which are believed to have been excavated as late as the 1930’s. The main feature of the historical workings is a 240m long North-South trench which was possibly part of a historic water race that exposed the gold bearing veins during its construction. Flynn recently re-excavated part of this historical trench and has added new trenching nearby (Figure 3). As a result of the trenching work, Flynn has mapped and sampled 19 in-situ quartzsulphide veins over a width of 65m to date, with initial grab samples collected recording gold grades up to 76.6g/t Au from in-situ outcropping veins (Figure 3). Figure 2 - Trafalgar Prospect – Plan with view showing the trench area around 150m north of the historic Trafalgar workings. A-A’ delineates Figure 6 cross-section. 1 See FG1 ASX Announcement dated 17 April 2024 for full details. Page 3 of 24 | 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 Two historic adits have also been located in the area and appear to have been excavated beneath the gold veins exposed in the historic trench. The old adits have since partly collapsed, preventing safe access. A grab sample taken from mineralised mullock material at one of the adit entrances returned 99.4 g/t Au, 121g/t Ag and 1.73% Pb (Figure 3, Table 1). In addition to the grab/rock chip samples, Flynn has commenced a trench channel sampling program. Results from initial channel sampling indicate gold mineralisation occurs within discrete high-grade quartz-sulphide veins up to 200mm wide, with some lower grade intervals indicating a wider dispersal in quartz veinlet swarms (Figure 3 and 4, Table 2). Significant mineralised channel sample intervals include: - 11.0m @ 2.0g/t Au including 3.3m @ 6.3g/t Au. - 16.5m @ 1.3g/t Au including 1.5m @ 6.8g/t Au and 4.0m @ 2.4g/t Au Figure 3 - Plan view of Trench area with sample points and channels Page 4 of 24 | 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 Figure 4 - Left: Flynn Gold trench around 1m wide being excavated down to bedrock using a 1.7 tonne excavator. Centre: In-situ vein up to 230mm wide (200mm average) discovered in the historic trench. Right: Cut sample from in-situ vein (white box centre picture), returned 0.2m @ 48.5g/t Au (Sample 75539). Gold bearing quartz-sulphide veins in the trenches are steeply dipping and strike to the northeast, which is a similar orientation to the trend of the main veins intersected by drilling further to the south at the Trafalgar prospect. The new vein zone is hosted in granodiorite, supporting the Company’s view that the Golden Ridge Project is an Intrusive Related Gold System (IRGS) and is located north of veins identified at the bottom of hole TFDD002 (see Figure 6). This implies a potential vertical extent of 425m from surface and a total horizontal width of mineralisation of approximately 500m, which is open at depth and to the north and south. Veining at Trafalgar occurs over a strike length of at least 400m as proven by recent diamond drilling which is open along strike and at depth. Previously reported drilling results from Trafalgar include multiple intersections grading >100g/t Au and up to 169g/t Au 2. Confirmation of high-grade gold bearing quartz veins in the trench area significantly broadens the known mineralisation footprint of the Trafalgar prospect from a 300m wide corridor to almost 500m wide. Future exploration campaigns will aim to further increase the extent of the corridor north of the trenching area and south of the Trafalgar deposit. 2 See FG1 ASX Announcement dated 28 May 2024 for full details. Page 5 of 24 | 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 Trafalgar Prospect – Phase 3 Drilling Update Phase 3 drilling commenced at the Trafalgar prospect in mid-April 2024. The planned diamond drill program is designed to test strike and dip extensions and infill around previously discovered high-grade gold intercepts. Three diamond holes, TFDD016-018 have been completed for 927.0m to date (see Figure 5). TFDD019 is currently being drilled beneath the new discovery area (See Figure 2 and 6). TFDD016 This 355.85m hole was designed to in-fill widely spaced drilling and test all 3 of the main veins (Trafalgar Main, Magazine and Trafalgar South) and associated splays identified by Flynn’s recent modelled interpretation of the deposit. Multiple mineralised zones including visible gold, were intersected in the hole, including the following previously reported highlights3: - 0.4m @ 67.6g/t Au within 1.3m @ 21.9g/t Au from 248.7m; - 0.3m @ 39.2g/t Au from 243.2m; - 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; - 0.4m @ 10.8g/t Au from 135.2m. Assays have been received for the remainder of the hole (274.0-355.85m EOH). Table 3 sets out significant intercepts with the best interval being: - 0.4m @ 6.0g/t Au within 1.3m @ 2.1g/t Au from 315.1m (Trafalgar South Vein). TFDD017 This 248.4m hole was designed to test the eastern extent of the 3 main veins. The hole intersected some structures in the target zones, however a significant fault zone (180m 220m) was intersected that is interpreted to have offset the main mineralised veins trend in the target zone. Assays have been received for the entire hole. Table 3 sets out significant intercepts with the best interval being: - 3 1.0m @ 2.5g/t Au within 3.0m @ 1.3g/t Au from 232.0m See FG1 ASX Announcement dated 28 May 2024 for full details. Page 6 of 24 | 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 Figure 5 - Plan view of vein model with highlights from TFDD018 and previously reported intercepts. TFDD018 This 322.7m hole was designed to in-fill widely spaced drilling and test the Trafalgar Main and Magazine veins to the west and up dip of high-grade intercepts in TFDD016 and TFD001. Logging and sampling of TFDD018 is complete. Assay results have been received from 0-59.5m and 214-294m, with the remaining samples (59.5-214m and 294m-322.7m EOH) at the laboratory. Multiple zones with visible signs of mineralisation were intersected in the target areas including: - 0.5m @ 2.9g/t Au from 231.5m (Magazine Vein); 1.1m @ 4.9g/t Au from 281.9m; 0.3m @ 16.3g/t Au within 1.0m @ 5.5g/t Au from 292.6m (Trafalgar Main Vein); Table 3 sets out other significant intercepts. Page 7 of 24 | 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 Diamond hole (TFDD019) is currently being drilled beneath the new discovery area targeting depth extension of the gold-bearing vein zone at approximately 100m beneath the surface (see Figure 6). The planned end of hole (EOH) depth for TFDD019 is 250m, however this hole may be extended to test the up-dip position of the veins intersected in TFDD002 (4.3m @ 4.3g/t Au from 594.7m4). Additional drill holes have already been approved by Mineral Resource Tasmania to enhance our understanding of gold mineralisation in this area. Figure 6 - Cross-section of TFDD019 with Trafalgar vein model. The area between the trenches and the historic Trafalgar mine remains untested. Exploration elsewhere at Golden Ridge is ongoing. Soil sampling campaigns are testing un-explored areas within the granodiorite and along the granodiorite contact. Targets that have been identified through previous soil sampling campaigns, such as Duke, Big Penny 4 See FG1 ASX Announcement dated 21 September 2022 for details. Page 8 of 24 | 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 and Grenadier are being followed up with subsequent infill soil sampling, rock chip sampling and field mapping 5. A structural geology consultant has been engaged by Flynn to help understand the fault architecture at Trafalgar and the overall Golden Ridge Project. Outcomes from this work will be used to target mineralisation further east of the Trafalgar vein model extents. Golden Ridge - Project Background The Company’s flagship Golden Ridge Project is situated within EL17/2018 in Northeast Tasmania (see Figure 1). The Trafalgar Prospect, along with Flynn’s Brilliant and Link Zone prospects occur within a 2.5km corridor of gold mineralisation that trends along a prospective granodiorite-metasediment contact. This corridor is contained in a broader zone of gold anomalism that forms around the contact of the Golden Ridge granodiorite intrusion with a total length exceeding 9km (see Figure 7). Figure 7 - Flynn Gold’s Golden Ridge Project, NE Tasmania, showing prospect areas. 5 See FG1 ASX Announcement dated 17 April 2024 for full details. Page 9 of 24 | 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 Previous diamond drilling at Trafalgar and Brilliant has returned outstanding results with multiple intersections over 100g/t Au recorded at the Trafalgar prospect, which is currently being followed up with an active diamond drilling campaign 6. 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 Ben Creagh Media & Investor Relations +61 (0) 417 464 233 benc@nwrcommunications.com.au About Flynn Gold Limited Flynn Gold is an Australian mineral exploration company with a portfolio of projects in Tasmania and Western Australia (see Figure 8). The Company has nine 100% owned tenements located in northeast Tasmania which are highly prospective for gold as well as tin/tungsten. The Company also has the Henty zinc-lead-silver project on Tasmania’s mineral-rich west coast and the Firetower gold and battery metals project located in northern Tasmania. Flynn has also established a portfolio of gold-lithium exploration assets in the Pilbara and Yilgarn regions of Western Australia. For further information regarding Flynn Gold please visit the ASX platform (ASX: FG1) or the Company’s website www.flynngold.com.au. Figure 8 - Location Plan of Flynn Gold Projects 6 See FG1 ASX Announcement dated 18 April 2024 for full details. Page 10 of 24 | 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: Trench Area Rock Chip/Grab Samples Sample ID Sample Type Description Lithology 54467 74667 74668 74669 74681 74682 74683 74684 74685 75510 75511 75512 75513 75514 75515 75524 75525 75528 75529 75531 75532 75533 75534 75535 75536 75537 75538 75592 75593 75594 75595 75596 75597 75598 75599 75600 Float Float Float Float Float Float In-situ Float Float In-situ In-situ In-situ In-situ In-situ In-situ In-situ In-situ In-situ In-situ Float Float In-situ In-situ In-situ In-situ In-situ In-situ Float Float Float Float In-situ In-situ In-situ In-situ In-situ Trench Area Trench Area Trench Area Trench Area Trench Area Trench Area Historic Trench Trench Area Trench Area Historic Trench Flynn Trench Flynn Trench Flynn Trench Flynn Trench Flynn Trench Historic Trench Historic Trench Historic Trench Historic Trench Trench Area Adit Flynn Trench Flynn Trench Flynn Trench Flynn Trench Flynn Trench Flynn Trench Trench Area Trench Area Historic Trench Trench Area Historic Trench Flynn Trench Historic Trench Historic Trench Historic Trench Quartz vein Granite Quartz vein Quartz vein Quartz vein Granite Quartz vein Quartz vein Quartz vein Quartz vein Granite dyke Quartz vein Granite dyke Quartz vein Quartz vein Quartz vein Quartz vein Quartz vein Quartz vein Quartz vein Quartz vein Quartz vein Quartz vein Granite dyke Quartz vein Quartz vein Quartz vein Quartz vein Quartz vein Quartz vein Hornfels Quartz vein Quartz vein Quartz vein Quartz vein Quartz vein Vein Width (mm) 20 10 40 70 20 100 20 50 50 80 60 10 30 20 60 20 50 20 20 30 Au (g/t) 1.8 0.9 18.5 28.9 0.7 3.4 2.3 67.1 1.2 20.8 0.1 0.2 0.1 30.6 1.0 7.9 24.4 2.9 31.4 27.0 99.4 8.2 20.4 0.5 38.0 11.2 15.3 3.1 11.5 1.1 0.1 8.5 0.3 76.6 27.5 19.5 Ag (g/t) 18.2 1.8 6.1 191.0 2.8 4.8 4.1 30.4 7.1 9.5 0.8 0.1 0.2 20.4 37.0 6.2 7.9 1.3 9.2 12.1 121.0 1.5 7.5 0.4 18.0 2.0 15.3 77.6 3.4 5.7 1.0 2.3 4.0 33.7 23.5 4.6 Page 11 of 24 | 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 As (g/t) >10000 4580 6770 >10000 >10000 >10000 4500 >10000 >10000 2120 21 14 44 >10000 >10000 >10000 >10000 6220 1895 4590 >10000 3010 >10000 8830 >10000 819 5700 >10000 >10000 577 598 481 >10000 276 >10000 1530 Pb (g/t) 163 831 573 4790 25 3180 1940 4790 58 4830 650 33 109 3820 597 1135 914 46 2250 2070 >10000 626 1780 121 2450 203 1480 4190 1140 1950 75 156 58 1785 9240 1380 Easting (m) Northing (m) 588150 588162 588158 588129 588126 588164 588154 588156 588127 588154 588140 588141 588144 588146 588128 588154 588154 588155 588155 588175 588180 588150 588150 588148 588153 588153 588154 588163 588186 588152 588085 588159 588130 588157 588156 588161 5416852 5416807 5416829 5416852 5416813 5416818 5416813 5416810 5416813 5416814 5416835 5416834 5416830 5416824 5416850 5416817 5416818 5416813 5416813 5416783 5416820 5416809 5461808 5416814 5416803 5416790 5416790 5416769 5416770 5416826 5416900 5416790 5416850 5416798 5416803 5416780 TABLE 2: Historic Trench Channel Samples Channel ID East01 East01 East01 East01 East01 East01 East01 East01 East01 East01 West01 West01 West01 West01 West01 West01 West01 West01 West01 West01 West01 West01 West01 West01 West01 Sample No 75551 75552 75553 75554 75555 75556 75557 75558 75559 75560 75561 75562 75526 75527 75563 75564 75565 75566 75567 75568 75530 75569 75570 75571 75572 West02 West02 West02 West02 West02 West02 West02 West02 West02 West02 West02 West02 West02 West02 West02 West02 West02 West02 75573 75574 75575 75576 75577 75578 75579 75580 75581 75582 75583 75584 75585 75586 75539 75587 75588 75589 amp From (m) 0 1 1.5 1.7 2.5 3 4 5 6 7 0 1 1.57 1.6 1.7 2.5 3 4 5 6 6.7 7 8 9 10 11 16 17 18 19 20 21 22 23 24 25 26 27 28 29 29.5 29.7 30.5 31.5 To (m) 1 1.5 1.7 2.5 3 4 5 6 7 8 1 1.57 1.6 1.7 2.5 3 4 5 6 6.7 7 8 9 10 11 16 17 18 19 20 21 22 23 24 25 26 27 28 29 29.5 29.7 30.5 31.5 32.5 Interval (m) 1 0.5 0.2 0.8 0.5 1 1 1 1 1 1 0.57 0.03 0.1 0.8 0.5 1 1 1 0.7 0.3 1 1 1 1 5 1 1 1 1 1 1 1 1 1 1 1 1 1 0.5 0.2 0.8 1 1 Au (g/t) 0.4 0.13 0.42 0.29 0.07 0.73 0.18 0.12 0.11 0.28 0.48 0.1 0.2 1.48 0.17 0.09 0.08 0.09 0.15 0.24 1.63 18.6 0.2 1.38 0.16 0.07 0.12 2.79 3.5 0.28 3.08 0.13 0.2 0.14 0.11 0.34 0.28 0.12 0.3 48.5 0.5 0.28 0.2 Ag (g/t) 0.58 0.1 0.23 0.27 0.09 0.07 0.07 0.25 0.11 0.31 0.59 0.1 0.34 0.78 0.36 0.1 0.08 0.06 0.1 0.59 1.45 6.93 0.11 1.37 0.09 As Pb Easting (g/t) (g/t) (m) 2940 238 588155 1390 47.5 588155 3170 70.7 588155 1025 461 588155 486 223 588155 347 282 588156 193 411 588156 1035 72.3 588156 279 42.5 588156 1595 82.9 588156 7040 98.5 588154 1010 48.7 588154 >10000 31.9 588154 >10000 24.4 588154 2060 153 588154 395 46.8 588154 228 48.5 588154 322 77.9 588154 575 50.4 588154 1305 502 588154 6550 308 588155 >10000 3510 588154 162 52.2 588154 148.5 243 588154 265 78.9 588154 No sample (trench obstructed) 0.14 129.5 55.7 588156 0.09 140.5 94.6 588156 0.23 153.5 126.5 588156 4.82 270 767 588156 0.1 119.5 114 588157 0.72 121.5 393 588157 0.1 124.5 158.5 588157 0.25 604 87.7 588157 0.1 189.5 118.5 588157 0.1 111.5 99.9 588157 0.11 94 86.7 588158 0.3 1015 110 588158 0.15 289 115.5 588158 0.18 294 112 588158 52.1 5730 8710 588160 3.58 >10000 278 588158 0.44 738 136.5 588158 0.25 420 137.5 588159 Page 12 of 24 | 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 Northing (m) 5416818 5416818 5416818 5416817 5416816 5416815 5416814 5416813 5416812 5416811 5416818 5416818 5416817 5416817 5416817 5416816 5416815 5416814 5416813 5416812 5416813 5416811 5416810 5416809 5416808 5416804 5416803 5416802 5416802 5416801 5416800 5416799 5416798 5416797 5416796 5416795 5416794 5416793 5416792 5416791 5416792 5416791 5416790 TABLE 3: Significant Drilling Intercepts (>0.3g/t Au) Drillhole ID TFDD016 incl. TFDD016 TFDD016 TFDD016 From (m) 315.1 315.1 327.0 340.9 347.0 To (m) 316.4 315.5 328.0 341.2 348.0 Interval (m) 1.3 0.4 1.0 0.3 1.0 Au (g/t) 2.1 6.0 0.3 0.5 1.0 TFDD017 TFDD017 TFDD017 TFDD017 TFDD017 TFDD017 TFDD017 TFDD017 TFDD017 TFDD017 TFDD017 TFDD017 incl. TFDD017 TFDD017 43.7 56.0 70.0 164.0 187.31 197.0 203.85 207.0 209.7 211.3 218.9 232.0 233.0 242.0 248.0 44.4 57.0 71.0 165.0 190.6 198.0 205.0 208.0 210.1 211.8 222.0 235.0 234.0 245.0 248.4 0.7 1.0 1.0 1.0 3.29 1.0 1.15 1.0 0.4 0.5 3.1 3.0 1.0 3.0 0.4 1.0 0.4 0.9 0.6 0.5 0.3 0.4 0.3 0.4 0.8 0.3 1.3 2.5 0.3 0.4 TFDD018 TFDD018 TFDD018 TFDD018 TFDD018 TFDD018 TFDD018 TFDD018 incl. and TFDD018 TFDD018 incl. 24.4 231.5 232.0 249.8 256.25 270.6 276.0 281.9 281.9 282.2 284.0 292.6 292.6 25.0 232.0 233.0 250.3 257.25 271.0 276.4 283.0 282.2 283.0 284.8 293.6 292.9 0.6 0.5 1.0 0.5 1.0 0.4 0.4 1.1 0.3 0.8 0.8 1.0 0.3 0.4 2.9 0.4 0.9 0.3 0.9 0.4 4.9 7.7 3.9 0.9 5.5 16.3 Notes: • • • • • • Comments Trafalgar South Qtz-Aspy vein Brecciated Qtz-Aspy vein Qtz-Aspy veinlet swarm Brecciated Qtz-Aspy vein Brecciated Qtz-Aspy along fault plane Rehealed Qtz-Aspy vein Qtz-Aspy veinlet swarm Qtz-Aspy vein (Magazine Vein) Qtz-Aspy vein and veinlet swarm Trafalgar Main Significant intercepts cut-off grade is 0.3g/t gold All reported intersections are assayed on geological intervals ranging from 0.2 to 2m. Reported grades are calculated as length-weighted averages. Intercepts are downhole lengths and may not be trye widths of the veins / intersections. Drill core samples are analysed for gold by photon analysis. Abbreviations: o Qtz: Quartz o Aspy: Arsenopyrite Page 13 of 24 | 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 4. Trafalgar Prospect Phase 3 Collar Information TFDD016 Easting GDA94 588260 Northing GDA94 5416640 159 Azimuth (True) 185 TFDD017 588428 5416651 162 162 TFDD018 588324 5416389 263 TFDD019 588077 5416877 167 Drillhole ID Notes: • RL (m) Dip (deg) EOH Depth (m) -47 355.9 -50 248.4 315 -53 322.7 140 -50 250 (planned) Co-ordinate projection is MGA94, zone 55. Competent Person Statement The information in this ASX Announcement that relates to Exploration Results is based on information compiled by Mr Michael Fenwick, a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr Fenwick is a full-time employee of Flynn Gold. Mr Fenwick 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 Fenwick consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. 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. Page 14 of 24 | 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 refers to diamond (DD) drilling, rock chip and channel sampling. Samples were all collected by qualified geologists or under geological supervision. Core samples are judged to be representative of the rock being drilled. Rock-chip ‘in-situ’ and channel samples were taken from in-situ outcrop. Rock-chip ‘float’ samples were not in-situ, these rocks have potentially been transported. The nature and quality of sampling is carried out under QAQC procedures as per industry standards. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Sampling is guided by Flynn’s protocols and Quality Control procedures, as per industry standards. Diamond drilling Diamond core is sampled to geological boundaries with sample lengths generally between 0.3m and 2.0m. The core is cut on site and half core sampled. The remaining half core is stored on site. Care is taken when sampling the diamond core to sample the same half side of the core as standard practice. During sampling of the diamond drill core, certified reference material (CRM) standards are inserted at least every 20 samples. Blank samples are also inserted at least every 20 samples. Duplicate samples are routinely submitted and checked against originals. Rock chip samples Rock chip samples are taken from float or in-situ outcrops and were between 0.3 and 3kg. Float samples are marked as such, and it is noted that these rocks were potentially transported. Some field duplicates were collected to check consistency of assaying methods. Channel samples Channel samples were taken from the walls of the historic trench at interval lengths between 0.5m and 1.0m. The channel line was cut between 0.5m and 1.0m above the trench floor. Certified reference material (CRM) standards were inserted at least every 20 samples. Blanks samples are also inserted at least every 20 samples. Some field duplicates were collected to check consistency of assaying methods. Aspects of the determination of mineralisation that are Material to the Public Report. Diamond drilling Drill core samples are sent to On Site Laboratory Services in Bendigo. Samples are weighed, dried and crushed to -2mm, and rotary split into a Chrysos jar (500g nominal). The residual sample is retained. Samples are assayed for gold via photo assay method PAAU2. Photon assay is a non-destructive assay method. PAAU2 has a detection range of 0.01 to 350 ppm Au. Page 15 of 24 | 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 Coarse gold was observed in some drill core intervals. Additional sampling using various techniques and duplicate samples is ongoing to allow an assessment of any sampling issues. Current results appear to be consistent with historical drilling assay results associated with coarse visible gold. Rock chip and channel samples Rock chip and channel samples were geologically logged for lithology, mineralisation, veining and alteration. Rock chip samples were digitally photographed. Entire samples were prepared at the ALS laboratory in Burnie. Samples were weighed (WEI-21), crushed (CRU-21), then pulverized (PUL-21) to a nominal 85% passing 75 microns. All samples were submitted for preparation at the ALS laboratory in Burnie. Samples were analysed at Burnie for Au by AU-AA25 (30 g charge fire assay) then sent to Townsville for multi-element assay by 4 acid digest (MS-ME61). 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.). Drilling is undertaken by diamond core technique at triple tube PQ3 (83.1mm diameter),HQ3 (61.1mm diameter), and NQ3 (42mm) core sizes. Industry standard diamond drilling techniques are used. HQ core is orientated using a Boart Longyear Truecore UPIX core orientation system or similar. Hole traces are surveyed using a digital down-hole survey camera tool. The location of each hole was recorded by handheld GPS with positional accuracy of approximately +/-5m. Location data was collected in MGA94 zone 55. Drill holes are planned to intersect mineralisation at an optimum angle. Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed. Core recovery was logged and recorded in the company’s database. Core loss has occurred in the weathering profiles and fault zones, however overall recovery meets industry standards. Measures taken to maximise sample recovery and ensure representative nature of the samples. Triple tube diamond core drilling techniques are used. The core recovery is logged