Falcon Metals (FAL) Investor Presentation summary

Corporate overview and financials

• Share price at A$0.63 as of 12 Aug 2025, with a market cap of A$111.8M and A$7.8M cash, no debt, and 177.6M shares on issue.

• Top shareholders include Tim Goyder, Franklin Templeton, and other institutional investors.

• Board and management have extensive experience in gold and base metal exploration, with a track record of major discoveries.

Blue Moon gold project highlights

• Located in the Bendigo Zone, targeting the northern extension of the Bendigo Goldfield, historically producing 22Moz @ ~15g/t Au.

• First wedge hole at Blue Moon intersected 1.2m @ 543g/t Au with visible gold, confirming high-grade mineralisation.

• Drilling is the first modern exploration on this extension, with multiple stacked veins and visible gold identified.

• Eight priority target zones identified, with ongoing diamond drilling and additional wedge holes planned.

• Blue Moon prospect remains open 6km to the north, with multiple lines of reef to be tested.

Exploration results and future plans

• Parent hole BMDD001 returned 2.8m @ 17.7g/t Au, including 0.9m @ 52.4g/t Au, and other high-grade intersections.

• Wedge holes BMDD001W2 and BMDD001W3 are in progress, with visible gold observed and assays pending.

• Planning underway for additional wedge holes and a second diamond drill rig to test along strike.