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Investor Presentaiton

Karri Prospect Large scale prospect with significant primary gold zones intersected over 3.5km of strike • • • • • Diamond and AC drilling has identified multiple primary gold zones over 4km of strike. Gold mineralisation coincidental with strongly elevated arsenic anomalism and remains open along strike and at depth Diamond drilling has returned some exceptional results including 5m @ 14.0g/t Au from 100.9m incl. 2.2m @ 32.1g/t Au¹ Results from 2022 drilling showing strengthening of alteration and mineralisation in central Karri², 3 Review underway with plans for further infill aircore drilling to optimise drillhole location to vector in on high-grade mineralisation Falcon Metals Karri Prospect Diamond Drill Holes Reported in this Announcement Previously Reported AC Drill Holes AC Max in Hole (g/t Au) > 1.0 0.1-1.0 0.025 0.1 5,986,000mN 766,000mE 8m @ 1.1g/t Au incl. Im @ 7.3g/t Au 2m @ 6.4g/t Au incl. 1m @ 12.2g/t Au 5.1m @14.0g/t Au incl. 2.2m @ 32.1g/t Au 5m @1.1g/t Au incl. 1m @ 5.3g/t Au 13m @ 1.1g/t Au incl. 1m @ 11.9g/t Au Projection: MGA Zone 54 (GDA94) 001.000m N VICTORIA Karri Ironbark 1km 1m @ 6.2g/t Au NEW SOUTH WALES T OPEN 768,000mE EL6737 EL6661 4m @ 1.1g/t Au 11m @ 1.0g/t Au 1m @ 1.7g/t Au and 9m @ 1.3g/t Au incl. 4.8m @ 2.2g/t Au and 1m @1.1g/t Au and 1m @ 1.2g/t Au SECTION 5985450MN 2m @ 3.3g/t Au 8m @ 1.0g/t Au 5,984,000mN SECTION 5983950мN 2m @2.4g/t Au incl. 1m @4.6g/t Au 1 Refer Falcon Prospectus dated 3 November 2021 2 Refer ASX Announcement 13 April 2022 - Falcon Metals (ASX Code: FAL) - Diamond drilling continues to refine the Karri gold system 3 Refer ASX Announcement 15 July 2022 - Falcon Metals (ASX Code: FAL) - Falcon Intersects High Grade Gold at Ironbark East (Amended) E 768,000mE 12
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