September 2024 Quarterly Activities Report and Appendix 5B

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to report on its activities for the quarter ending 30 September 2024.

Highlights

Exploration – Golden Ridge Project, NE Tasmania

• Multiple gold-bearing quartz veins successfully intercepted in diamond drilling at the new Trafalgar North vein zone discovery. Two drill holes completed at Trafalgar North, with best mineralised intercepts including:

TFDD019

• 4.8m @ 4.0g/t Au from 165.6m; including:
  • 0.4m @ 17.9g/t Au from 166.9m, and
  • 0.4m @ 24.0g/t Au from 170.0m
• 0.3m @ 25.1g/t Au from 440.5m

TFDD020

• 3.05m @ 4.9g/t Au from 53.1m including
  • 0.35m @ 40.0g/t Au
• 2.7m @ 4.1g/t Au from 115.4m, including
  • 0.35m @ 26.6g/t Au

• Gold mineralisation at Trafalgar North confirmed from surface to over 150m depth and open in all directions
• New in-situ gold vein system discovered during surface sampling and trenching programs at the Grenadier Prospect
• Flynn Gold to receive up to $140,000 to co-fund drilling under the Tasmanian Government’s Exploration Drilling Grant Initiative (EDGI)

Exploration – Other Projects, NE Tasmania

• New Exploration Licence Application submitted over 40km² of highly prospective exploration tenure surrounding the historic Beaconsfield Gold Mine
• Exploration landholding in NE Tasmania reduced by 457km² (30%) to approximately 1,020km², reducing holding costs significantly

Corporate

• The Company’s cash position at 30 September 2024 was $1.83 million
• An At-The-Market Subscription Agreement signed with Dolphin Corporate Investments, providing Flynn with up to $2,000,000 of standby equity capital over the next three years

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Flynn is an Australian mineral exploration company with a portfolio of 100% owned exploration projects in Tasmania and Western Australia (see Figure 1).

The Company has eight 100% owned tenements in north-east Tasmania which are highly prospective for gold as well as tin/tungsten. The Company also holds the Henty zinc-lead-silver project on Tasmania’s mineral-rich west coast and the Firetower gold and battery metals project located in north-western Tasmania.

Flynn has also established a portfolio of gold-lithium exploration assets in the Pilbara and Yilgarn regions of Western Australia. In addition, Flynn holds a binding Option Agreement to acquire two exploration licences at Parker Dome (Forrestania), Western Australia.

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