FLYNN GOLD LTD

Pre Money Equity Valuation
$9,000,000
Min Raise
$7,000,000
Max Raise
$10,000,000
Estimated Close
2021-04-23
Issue Type
IPO
Lead Manager
Taylor Collison Ltd
Type of Securities
Shares
Date First Lodged
30/03/2021
Offer Costs $
$834,000
Market Cap Max
$19,000,000
Key Executives
Clive Duncan (NEC), Samuel Garrett (ED), John Forwood (NED)
Company Address
Level 4, 96 - 100 Albert Road South Melbourne, VIC, 3205
Exchange
ASX
Chairman's Letter

Dear Investor,
On behalf of the Board of Directors, I am pleased to offer you the opportunity to become a
shareholder in Flynn Gold Limited (‘Flynn Gold’ or ‘the Company’). Flynn Gold is focused on
gold exploration in two well-endowed Australian mineral provinces – north east Tasmania (an
interpreted extension of the Victorian orogenic gold belt) and the Pilbara of Western Australia.
In north east Tasmania the portfolio comprises seven exploration licences prospective for gold,
and tin. In the Pilbara, the Company has rights to a package of six projects (one granted, five in
application). In addition to these two focus areas, the Company also holds two licences on the west coast of Tasmania
that are prospective for zinc-silver, and gold licence applications in the Yilgarn region of WA.
Having secured an enviable tenement position in the highly prospective emerging gold province of north east Tasmania,
the Company has focused its early exploration effort there due to the similarities between this region and the geology
and gold mineralisation styles observed in the Victorian Goldfields on the mainland of Australia. The Victorian Goldfields
are one of the world’s great gold ‘camps’ and are currently the subject of a dramatic increase in exploration activity and
investment following recent high-grade discoveries.
The portfolio in north east Tasmania is considered prospective for gold and other metals by the team at Flynn Gold for
the following reasons:
• The similar geology and geological history of that observed in the Victorian Goldfields, with the potential for
several different deposit styles such as orogenic gold and intrusive related gold deposits (IRGD), as well as tin;
• Discovery of previously unknown Victorian-Goldfields-style gold mineralisation by the Flynn Gold geologists
during reconnaissance field work;
• Encouraging results from previous drilling campaigns by other operators, and most recently Flynn Gold, the
majority of which have not been followed-up at depth or along strike;
• For its extent and endowment, the orogenic gold belt in north east Tasmania has received significantly lower
exploration investment by comparison with Victoria despite its similar geology and existing mines; and
• Tasmania’s exploration and mining friendly jurisdiction. The state has a history of mineral exploration and
provides excellent access to a skilled workforce and infrastructure, including processing and transport options
providing ready access to export markets.
In addition to the Tasmanian projects, the Company is establishing a portfolio of gold exploration assets located in the
Pilbara and Yilgarn regions of Western Australia. In the Pilbara, Flynn Gold has assembled a portfolio of applications and
tenements proximal to one of the country’s largest gold discoveries in recent years, the Hemi deposit. There is no known
drilling on the Flynn Gold projects adjacent to De Grey Mining’s tenements hosting the Hemi discovery.
Under this Prospectus the Company is seeking to raise a minimum of $7m and a maximum of $10m via the issue of 35
million to 50 million new Shares at an issue price of A$0.20 per share. Taylor Collison Limited is the lead manager to
the Offer. Funds raised under the Offer will be used to undertake a focused exploration program including substantial
drilling efforts over two of the Company’s key projects in north east Tasmania (Golden Ridge and Portland), and for
further sampling, geophysics and other surveys over the remainder of the portfolio. The Company has an experienced
exploration management team and supportive Board that aims to efficiently explore the Tenements building upon
its previous work and knowledge of its project areas, utilising best-practice exploration techniques for the discovery,
delineation and ultimately the development of mineral resources.
This Prospectus contains important information regarding our Company, our projects, operations, the Board of Directors
and management team, the Initial Public Offer, the financial position as well as the risks of investing in the Company. I
strongly encourage you to read this Prospectus in its entirety, thoroughly and carefully prior to making any investment
decision regarding the Initial Public Offer, and to consult with your independent professional adviser.
On behalf of the Flynn directors and team we look forward to welcoming new shareholders on our journey.
Yours Sincerely
Mr Clive Duncan
Dated 30 March 2021