Falcon Metals (FAL) Company presentation summary

Project portfolio

• Australian gold portfolio includes Blue Moon and Pyramid Hill in Victoria, Errabiddy in Western Australia, plus the Farrelly Mineral Sands project.

• Pyramid Hill is described as the largest land position in the prospective Bendigo Zone, with regional targets emerging, including Corfu Reef.

• Errabiddy includes an earn-in to 70% and adjacent 100%-owned tenure; the project JV holds 51%.

Blue Moon and Bendigo extension

• Blue Moon targets the northern down-plunge extension of the 22 Moz Bendigo Goldfield; drilling confirmed Bendigo-style mineralisation on the permit.

• Garden Gully mineralised zones extend over 850m, with five quartz zones intersected, visible gold and multiple stacked reefs; the system is open more than 5km north.

• Highlights include 1.2m at 543 g/t Au, 2.75m at 41.9 g/t Au, 6.5m at 33.0 g/t Au and 3.4m at 16.9 g/t Au.

• Drilling tests more than 2km of Garden Gully strike with two rigs; a third rig is testing Paddys Gully, with multiple parallel reefs and more than 6km of strike to test.

Errabiddy and Olsen Well

• Errabiddy lies within the Errabiddy Shear Zone on the northwestern Yilgarn Craton margin; targets were defined through stream-sediment and follow-up soil sampling.

• Olsen Well has a 5.8km soil anomaly above 10ppb Au, including two samples above 1 g/t Au; rock-chip sampling returned up to 6.4 g/t Au.

• Maiden drilling intersected 12m at 2.8 g/t Au from surface and 16m at 2.2 g/t Au from 8m, including 4m at 6.9 g/t Au; holes were ~240m apart.

• Expanded 7,500m drilling was expected to complete mid-November 2026; further drilling was planned for 2027 after outstanding results are interpreted.