Falcon Metals (FAL) AGM 2025 Presentation summary

Project portfolio and exploration highlights

• Holds major gold and mineral sands projects in Victoria and Western Australia, including Blue Moon, Pyramid Hill, Errabiddy, and Farrelly.

• Blue Moon project targets the northern extension of the 22Moz Bendigo Goldfield, with high-grade gold intercepts and multiple stacked zones confirmed.

• Pyramid Hill project has over 200,000m of aircore drilling, generating multiple regional gold targets, including Loddon Vale and Karri.

• Errabiddy Gold Project in WA features a 5.8km-long untested gold anomaly at Olsen Well, with a maiden drill program planned.

• Farrelly Mineral Sands Project in Victoria has delivered a high-grade mineral sands discovery, open in several directions.

Drilling results and resource potential

• Blue Moon drilling returned standout intercepts: 1.2m @ 543g/t Au, 6.5m @ 33g/t Au, and 0.3m @ 185g/t Au, all with visible gold.

• Seven new drill pads approved at Blue Moon, with two rigs actively drilling and approvals to test over 2km of strike.

• Farrelly deposit drilling: 33 of 91 holes >10% THM, 11 holes >20% THM, with thick, continuous high-grade mineralisation over 1,200 x 600m.

• Consistent high-grade mineral sands intersections at Farrelly, including 26m @ 8.9% THM and 22m @ 9.2% THM.

• Olsen Well at Errabiddy defined by four consecutive soil samples >0.5g/t Au, including two >1g/t Au, advancing towards drilling.

Corporate overview and financials

• Market cap of A$137.1M (at A$0.645/share), with 212.6M shares on issue and A$24.6M cash as of 30 September 2025.

• No debt and 16.3M options outstanding; top 20 shareholders own ~42%.

• Board and management have extensive experience in gold and base metal exploration, including leadership in major discoveries.