Falcon Metals (FAL) Investor Presentation summary

Corporate overview and financials

• Market capitalization stands at A$164.8M with a share price of A$0.775 as of October 2025 and A$24.6M in cash, no debt.

• Top 20 shareholders own approximately 42% of the company, with significant institutional backing from Franklin Templeton, Jupiter, and Paradice.

• Board and management have a strong track record in gold and base metal discoveries, including leadership roles in major resource companies.

Blue Moon gold project highlights

• Blue Moon targets the northern extension of the Bendigo Goldfield, a world-class gold province with historical production of 22Moz at ~15g/t Au.

• Drilling has confirmed high-grade, Bendigo-style stacked gold zones, with intersections such as 1.2m @ 543g/t Au, 6.5m @ 33g/t Au, and 0.3m @ 185g/t Au, all with visible gold.

• The project is open 6km to the north, with multiple lines of reef to be tested and seven new drill pads approved; a second rig is mobilizing.

• Drilling is the first modern exploration on this extension, with a focus on the productive Garden Gully anticline trend.

• Aggressive drilling program underway, with approvals to test over 2km of strike and step-out drilling planned.

Farrelly mineral sands project

• High-grade mineral sands discovery at Farrelly, with thick, continuous zones defined over 1,200 x 600m and grades up to 23.1% THM.

• Initial metallurgical tests indicate potential for high-value mineral suite and simplified processing.

• The discovery is open in several directions, with extensional drilling planned subject to land access and weather.