Company Presentation June 2023 slide image

Company Presentation June 2023

The Opportunity South North Fold culmination Darley's Hill John's Harrier Ellesmere Falcon Harrier and Osprey . Fosterville - ultra high-grade Grade gradually increased with depth from 2012-2016 Discovery of Swan Zone in 2017 led to massive grade increase with highlights including 8.8m @ 991g/t incl. 0.95m @ 9,115g/t¹ Reserve increased to 2.7Moz @ 31g/t² in 2018 with free milling ore and abundant visible gold For several years Fosterville was the highest grade and most profitable mine in the world with cash costs <$200/oz Led to land rush in Victoria and significant increase in gold exploration Gold (koz) Metres Phoenix 1000 Swan 3,000 I Reserve (koz) 2,500 2,000 . Reminder of the potential of Victoria to host high- grade gold deposits 1 Kirkland Lake TSX announcement 7 November 2017 "Kirkland Lake Gold announces 120 metre down-plunge extension of Swan Zone" 2 Kirkland Lake N143-101 issued 1 April 2019 "Fosterville Gold Mine" 16 COMPANY PRESENTATION | June 2023 0 1,500 1,000 I Production (koz) Reserve Grade (Au g/t) Lower Phoenix North Falcon Lower Phoenix Open pit Mined areas and Total Mineral Resources @ 1.5 g/t Au cut-off, as at 31 December, 2018 Zones with overprinted visible gold + stibnite Longitudinal projection of the combined Fosterville mineralised zones. After Fuller and Hann (2019) and Hitchman et al. (2017). Fosterville Reserve and Production History 9.8 23.1 1,700 2,720 31.0 500 5.2 5.6 491 7.0 4.7 356 207 231 244 182 264 90 98 105 123 152 2012 2013 2014 2015 2016 2017 2018 2019 2,100 35.0 30.0 25.0 1,861 21.8 1,790 1,677 20.0 15.4 15.0 10.9 10.0 10.3 619 640 510 338 5.0 Source: SEDAR MD&A Annual Reports for Crocodile Gold, Newmarket Gold, Kirkland Gold and Agnico Eagle 2012-2022 2020 2021 2022 0.0 Grade (Aug/t) Falcon Metals
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