Falco Resources Pitch Deck (2016): 37-Slide Breakdown

See all 37 slides of the Falco Resources pitch deck — a 2016 deck — with a slide-by-slide teardown of what the deck does well and where it falls short.

Falco Resources (TSXV: FPC) uses this 37-slide deck to position itself as a premier Canadian gold developer by revitalizing the historic Horne 5 deposit. The presentation relies heavily on the results of a 2016 Preliminary Economic Assessment (PEA), highlighting an after-tax NPV of C$667M and a 16.0% IRR at a base gold price of $1,250/oz. The deck effectively uses historical context—citing 4,384 underground drill holes inherited from Noranda—to demonstrate high geological confidence. However, the presentation is notably light on specific management bios and a clear 'ask' for new capital, func…

Key takeaways

Falco Resources: The Horne 5 Project Analysis

Falco Resources (TSXV: FPC) provides a masterclass in how to present a technical, asset-heavy project to the public markets. The 2016 investor presentation for the Horne 5 project is designed to convince institutional and retail investors that the company is significantly undervalued relative to its peers. By focusing on a 'brownfield' redevelopment of a legendary Canadian mine, Falco sidesteps much of the risk associated with greenfield exploration. The following teardown examines the 37-slide deck, focusing on the 10 key slides provided.

Slide 1: Title and Positioning

The cover slide establishes the company's primary claim: "The Leading Canadian Gold Developer." The imagery is split between a close-up of a gold bar and heavy underground mining machinery. This immediately signals that the company is focused on production and development rather than early-stage prospecting. The date, August 2016, and the mention of "European Marketing" suggest this deck was used for an international roadshow to attract capital from overseas markets.

Slide 5: Historical Context and Timeline

Mining investors value history because it reduces geological uncertainty. Slide 5, titled "Horne Project – 40 Years Later," provides a timeline that spans nearly a century. Key milestones include:

1923: Discovery of the Horne Mine. · 1927-1976: Initial production period, which yielded 11 million ounces of gold and 2.5 billion pounds of copper. · 2012: Falco acquires the properties. · 2013-2016: The transition from digitizing historical Noranda data to producing a new resource update and a Preliminary Economic Assessment (PEA).

This slide is critical because it frames the project not as a gamble, but as a continuation of a proven, world-class asset. The use of black-and-white historical photos adds a sense of heritage and scale.

Slide 9: PEA Financial Highlights

This is the 'money slide.' It presents a sensitivity table for the Horne 5 Project based on the 2016 PEA. The base case is highlighted at a gold price of $1,250/oz. Key figures include:

After-Tax NPV (5%): C$667 million. · After-Tax IRR: 16.0%. · After-Tax Payback: 4.1 years.

The slide also shows the upside potential: if gold reaches $1,400/oz, the After-Tax NPV jumps to $874 million and the IRR to 18.9%. By providing this range, Falco allows investors to model the project against their own commodity price forecasts. The inclusion of assumptions for silver ($17.00/oz), copper ($2.85/lb), and zinc ($1.00/lb) in the footnotes ensures transparency.

Slide 13: Site Layout and Infrastructure

Slide 13 features a 3D architectural rendering of the proposed site layout. It labels key components such as the Process Plant, Sub Station, Head Frame, Ore Storage, and Mine Building. For a developer, showing a physical plan is essential for demonstrating that the project is 'shovel-ready' or at least deeply considered from an engineering perspective. It moves the conversation from abstract numbers to physical reality.

Slide 17: Operational Strategy

This slide summarizes the project's operational pillars. It emphasizes a "Highly Mechanized Underground Mining Operation" and "Low All-In Sustaining Cash Cost." The mention of "Strong Resource Growth Potential" suggests that the current 6.6 million ounce estimate may only be the beginning. The visual of a large underground haul truck reinforces the scale of the intended operation.

Slide 21: Comparable Analysis and the 'Value Gap'

This is perhaps the most persuasive slide for a value investor. Falco compares itself to 15 other pre-production assets globally. The data is striking:

Canadian Average EV/Resources: $72/oz. · Rest of the World Average EV/Resources: $31/oz. · Falco Resources EV/Resources: $12/oz.

By pointing a large arrow at the $12 figure, Falco is explicitly telling the market that it is trading at a massive discount compared to peers like Pretium ($109/oz) or TMAC ($156/oz). The slide argues that simply by 'bridging the gap' to the Canadian average, the stock could see significant appreciation.

Slide 25: Appendix Overview

The appendix slide lists four sections: Glencore Back-In Agreement, Reserves & Resources, PEA Additional Information, and Resource & Modeling Notes. The mention of Glencore is a subtle but important 'social proof' element, indicating that a major global commodity player has a vested interest or contractual tie to the project.

Slide 29: Geological Confidence

Slide 29, "Historical Drill Density of Horne 5 Deposit," provides a cross-section of the drilling data. It highlights "Exceptional Drill Density" with 4,384 underground drill holes. The visual shows a dense web of drill lines, particularly in the upper areas, and points out "Great upside at Depth" where drilling has been more limited. This slide justifies the resource estimates by showing the sheer volume of physical evidence supporting the gold's presence.

Slide 33: Production Ramp-Up

This slide gets into the granular details of the mining cycle. It includes a "Ramp-Up Schedule" table and a table of "Mining cycle times." Key metrics include:

23,500 tonne stopes. · 20 effective hours per day. · 58-day stope cycle time. · 4 mucking faces.

This level of detail is intended for technical analysts who want to verify if the production targets are realistic based on underground logistics.

Slide 37: Resource Modeling Notes

The final slide provided is a dense list of 22 technical notes regarding the resource estimate. It cites the "Independent and Qualified Persons" (Carl Pelletier and Vincent Jourdain) and the use of Geovia GEMS 6.7 software. It details the NSR cut-offs (C$65/t) and the interpolation methods used (Inverse Distance Squared). While dry, this slide is legally and technically necessary to comply with NI 43-101 standards and to provide the 'fine print' for the claims made earlier in the deck.

What Falco Resources Does Well

The deck is exceptionally strong on data and technical validation. By leveraging the historical Noranda data, Falco presents a project that feels 'discovered' rather than 'guessed.' The use of comparable analysis (Slide 21) is a classic and effective way to create a sense of urgency and value for investors. The financial sensitivity table (Slide 9) is also a best practice, as it acknowledges the volatility of gold prices while showing the project remains viable even at lower price points.

What is Missing

Despite the technical depth, there are several omissions that would be standard in a venture-style pitch deck:

Team Bios: There is no slide introducing the management team or board of directors. In mining, the 'jockey' is often as important as the 'horse,' and investors want to know who has successfully built mines before. · The Ask: The deck does not specify how much capital the company is currently seeking or what the next specific use of funds will be (e.g., a Feasibility Study or permitting costs). · Environmental and Social Governance (ESG): There is very little mention of the environmental impact, water management, or community relations in the provided slides, which are increasingly critical for modern mining projects. · Risk Factors: While the sensitivity analysis covers price risk, it does not address operational, regulatory, or geopolitical risks.

Lessons for Other Founders

Founders in capital-intensive industries can learn several lessons from this deck:

Use Comparables to Tell a Story: Don't just list your valuation; show how it compares to the market. If you are 'cheaper' than the average, explain why that represents an opportunity for the investor. · Leverage Historical Data: If your startup is building on existing research, expired patents, or historical datasets, highlight that. It reduces the perception of 'zero-to-one' risk. · Technical Transparency: Including a detailed appendix with modeling notes (Slide 37) builds trust with sophisticated investors who will eventually perform deep due diligence. · Visualizing the Future: The site layout rendering (Slide 13) helps investors visualize the transition from a 'project on paper' to a functioning business.

In conclusion, the Falco Resources deck is a highly professional, data-driven document that successfully positions the Horne 5 project as a high-value, de-risked opportunity in the Canadian mining sector. Its primary strength lies in its ability to quantify the 'Value Gap' and back it up with decades of geological data.

Frequently asked questions

What is the primary value proposition of the Horne 5 project?
The primary value proposition is the redevelopment of a brownfield site with massive historical data. By utilizing over 4,000 historical drill holes from the former Noranda operation, Falco significantly reduces exploration risk. The deck emphasizes that the project is 'well positioned to further de-risk' because the infrastructure and geological understanding are already partially established, leading to a projected low all-in sustaining cash cost.
How does Falco Resources justify its valuation to investors?
Falco uses a 'Comparable Analysis' slide to show it is undervalued. It compares its Enterprise Value (EV) per ounce of gold resources ($12/oz) against other Canadian pre-production assets like Pretium ($109/oz) and TMAC ($156/oz). By highlighting that their EV is just $82M despite having 6.6 million ounces of resources, they argue there is a 'Value Gap to be Bridged' for new investors.
What are the key financial metrics presented in the PEA?
The 2016 Preliminary Economic Assessment (PEA) highlights include a Pre-Tax NPV (5% discount) of C$1.131 billion and an After-Tax NPV of C$667 million at a gold price of $1,250/oz. The After-Tax Internal Rate of Return (IRR) is stated at 16.0%, with a payback period of 4.1 years after taxes. These figures serve as the baseline for the project's economic feasibility.
What technical data supports the resource estimates?
The resource estimate is supported by an 'exceptional drill density' consisting of 4,384 underground drill holes totaling 305,788 meters. This data was originally compiled by Noranda. Falco digitized and compiled these historical results starting in 2013, which allowed them to produce an NI 43-101 compliant resource estimate without the massive expense of a completely new grassroots drilling campaign.
What is missing from this presentation that a private investor might expect?
As a public company presentation, it lacks a specific 'Ask' slide detailing how much money is being raised and the exact use of proceeds. It also omits a traditional 'Team' slide featuring headshots and bios of the executive leadership, which is standard in private VC decks. Furthermore, it does not detail the specific environmental permitting status or community relations, which are critical risks for mining projects.
Cover slide of the Falco Resources pitch deck — Public (TSXV: FPC) 2016
Falco Resources pitch deck, slide 1 (2016)

Falco Resources pitch deck: the facts

Company
Falco Resources
Year
2016
Stage
Public (TSXV: FPC)
Slides
37
Sector
Mining / Gold Development
Deck type
Investor Presentation / Corporate Update
Outcome
Active (Project ongoing)
Headquarters
Montreal, Canada

Falco Resources pitch deck PDF

The full Falco Resources deck is embedded on this page and can be read slide by slide in the browser — no download or account required. Each slide is covered in the breakdown above.

What the Falco Resources Ltd. pitch deck was used for

This deck is Falco Resources Ltd.’s March 2016 investor presentation, branded as “Rediscovering the Rouyn-Noranda mining district – The rebirth of the Horne mine — a company maker,” for its flagship Horne 5 gold development project. At the time, Falco was a TSX Venture–listed Canadian gold developer (TSXV: FPC) seeking to position Horne 5 as a robust initial asset in the Abitibi region, emphasizing land consolidation, strong technical management, and a flexible balance sheet. The presentation is highly technical, highlighting historical Horne Mine data and Preliminary Economic Assessment (PEA) metrics to argue that the market undervalued the project relative to its indicated and inferred gold‑equivalent resources. While the deck itself does not explicitly state a targeted raise amount, it precedes and supports several 2016–2017 equity financings used to fund exploration, dewatering, and pre‑construction work at Horne 5.

Business model: Falco Resources Ltd. is a Canadian mineral exploration and development company focused on advancing the Horne 5 gold-polymetallic project and other assets in the Rouyn-Noranda mining district of Quebec, Canada.

Investors
Underwriters of the November 2016 bought deal financing, whose names are not listed in the excerpted text but who acted, Ressources Québec inc., Capital Croissance PME II, s.e.c., and SIDEX, s.e.c., which collectively participated as strateg
Headquarters
Montreal, Quebec, Canada.
Industry
Mining / Gold development and exploration.

Round: Public company financing (TSX Venture: FPC) involving a bought deal public offering in November 2016 and a non‑brokered private placement with strategic investors in January 2017, both to fund advancement of the Horne 5 project.

Year: 2016–2017, corresponding to the November 2016 bought deal financing and the January 2017 private placement that followed the March 2016 investor presentation.

Raised: In November 2016, Falco closed a bought deal financing comprising common shares and flow‑through common shares for aggregate gross proceeds of approximately C$36.5 million. In January 2017, Falco completed a non‑brokered private placement of units for aggregate gross proceeds of approximately C$10.8 million. These amounts relate to financings broadly aligned with the development phase highlighted

Lead investor: For the January 2017 private placement, Ressources Québec inc., acting as mandatary for the government of Quebec, is identified as one of the three strategic Quebec investors and functionally as a key anchor participant in the Offering.

Total funding: Falco closed a non-brokered private placement of flow-through shares for gross proceeds of approximately C$3.28 million in December 2015. In November 2016, Falco closed a bought deal financing for gross proceeds of approximately C$36.5 million. In January 2017, Falco completed a private placement with strategic Quebec investors for gross proceeds of approximately C$10.8 million. In June 2017, Falc

Use of funds as presented: The November 2016 bought deal financing was intended to fund continued exploration and development of the Horne 5 Project, dewatering and rehabilitation of the Quemont 2 Shaft, pre‑construction surface installations, and general corporate purposes. The January 2017 private placement was intended to advance the dewatering program related to the development of the Horne 5 Deposit, regional explorati

What happened after the Falco Resources Ltd. deck

Following the March 2016 investor deck, Falco Resources progressed from presenting Horne 5 as a PEA‑stage, company‑making concept to securing full ownership of the project and raising substantial capital through equity, debt, and streaming transactions. These financings were directed toward dewatering, shaft rehabilitation, building and land acquisitions, hoisting equipment, and pre‑construction s

What the Falco Resources Ltd. deck got right

What could have been stronger

How an investor would read this deck

What draws attention

Risks that stand out

Questions this deck invites

What founders can take from the Falco Resources Ltd. deck

Falco Resources Ltd. pitch deck: common questions

What is Falco Resources and what does this March 2016 investor deck cover?

Falco Resources Ltd. is a Canadian mineral exploration and development company focused on the Horne 5 gold‑polymetallic project and other assets in the historic Rouyn‑Noranda mining district of Quebec. The March 2016 deck introduces Falco as a "quality Canadian gold developer" with a large land position in the Abitibi region and a flagship brownfield redevelopment of the past‑producing Horne Mine.

What is the Horne 5 project highlighted in the deck?

The March 2016 presentation centers on the Horne 5 deposit, part of the former Horne Mine complex in Rouyn‑Noranda, Quebec. The deck describes Horne 5 as a robust initial asset with significant indicated and inferred gold‑equivalent resources and outlines Falco’s strategy to redevelop the historic mine using modern engineering, leveraging extensive historical data and a PEA to demonstrate economic potential.

What financings around 2016–2017 were associated with Falco and the Horne 5 project?

In the same general timeframe as this 2016 investor deck, Falco raised funds through several financings: in December 2015 it closed a non‑brokered private placement of flow‑through shares for gross proceeds of about C$3.28 million to fund exploration on its Canadian properties. Later in November 2016, Falco closed a bought deal financing for gross proceeds of approximately C$36.5 million, with proceeds directed to exploration and development of the Horne 5 Project, including dewatering and pre‑construction work. In addition, Falco completed a C$10.8 million private placement with strategic Quebec investors in January 2017 and a C$28.75 million bought deal prospectus offering in June 2017, bo

What is the main investment thesis presented in Falco’s March 2016 deck?

The March 2016 deck emphasizes Falco’s large land position in the Rouyn‑Noranda district, robust initial Horne 5 asset, low political risk jurisdiction, and experienced technical management team. It highlights PEA‑level resource and economic metrics for Horne 5 and argues that the market valuation did not yet reflect the project’s scale and quality, presenting the redevelopment as a potential "company maker."

What happened with the Horne 5 project after this 2016 presentation?

Subsequent news indicates that Falco continued to advance and secure the Horne 5 project after the 2016 deck. In September 2016, Falco announced that it had retained full ownership of the Horne 5 Project, clarifying the status of Glencore’s back‑in right. The company then completed multiple financings in late 2016 and 2017 to fund dewatering, building acquisitions, land purchases, hoisting equipment, and pre‑construction surface installations for Horne 5. Later transactions with Osisko Gold Royalties involved loans and a silver stream linked to Horne 5, indicating ongoing project development beyond the deck’s timeframe.

Sources

Funding and outcome facts on this page were researched on 2026-08-22 from the pages below.

Falco Resources pitch deck slides

Falco Resources pitch deck slide 1 of 37
Falco Resources pitch deck — slide 1 of 37
Falco Resources pitch deck slide 2 of 37
Falco Resources pitch deck — slide 2 of 37
Falco Resources pitch deck slide 3 of 37
Falco Resources pitch deck — slide 3 of 37
Falco Resources pitch deck slide 4 of 37
Falco Resources pitch deck — slide 4 of 37
Falco Resources pitch deck slide 5 of 37
Falco Resources pitch deck — slide 5 of 37
Falco Resources pitch deck slide 6 of 37
Falco Resources pitch deck — slide 6 of 37

What each slide of the Falco Resources pitch deck says

Slide 1

FALCO REDISCOVERING THE ROUYN-NORANDA MINING DISTRICT THE REBIRTH OF THE HORNE MINE — A COMPANY MAKER MARCH 2016 TSXV: FPC WWW.FALCORES.COM

Slide 2

=ALC RESOURCES CAUTIONARY STATEMENT Disclaimer This presentation contains a review of the Company's properties in Canada. Viewers are cautioned that the projects are at an early stage of exploration and that estimates and projections contained herein are based on limited and incomplete data. More work is required before the mineralization on the projects and their economic aspects can be confidentially modeled. Therefore, the work results and estimates herein may be considered to be generally indicative only of the nature and quality of the projects. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates herein will be c…

Slide 3

5.4 MILLION GOLD EQ OZS INDICATED & 1.3 MILLION GOLD EQ OZS INFERRED (CS65 NSR cut-off, 43-101)* ROUYN-NORANDA, QUEBEC

Slide 4

FALCO — A QUALITY CANADIAN GOLD DEVELOPER REsOURCES INVESTMENT THESIS DESIRABLE LAND EXPLORATION TARGETS) POSITION IN THE TO DRIVE FURTHER ABITIBI VALUE HORNE 5: ROBUST INITIAL ASSET GOOD CONSOLIDATION FLEXIBLE BALANCE PROSPECTS POLITICAL RISK SHEET EXPERIENCED STRONG MANAGEMENT WITH SHAREHOLDER TECHNICAL EXPERTISE BASE TSXV: FPC WWW.FALCORES.COM 4

Slide 5

FALCO — A QUALITY CANADIAN GOLD DEVELOPER ESOURCE WHY HORNE 5? CHECKING ALL THE BOXES! ® STRATEGIC ASSET: LARGE SCALE & TONNAGE, HIGHLY MECHANISED () STRONG RESOURCE GROWTH & FUTURE UPSIDE ® EXISTING INFRASTRUCTURE: SHAFT & OPENINGS FOR TAILINGS O CLEAR PERMITTING PROCESS IN QUEBEC ® STRONG COMMUNITY ENGAGEMENT & EXISTING MINING CULTURE O GREAT OPPORTUNITY TO DRIVE INNOVATION & EFFICIENCIES O) PROVEN, STRONG & EXPERIENCED MINE BUILDERS | TV: FRC | WWW.FALCORES.COM | 5

Slide 6

CORPORATE SUMMARY — MINDFUL OF SHAREHOLDER DILUTION RES GUKCE Capital Structure Share Price Performance iii EO $050 1,500 Shares Outstanding (basic) 109,983,907 Closes NEW RESOURCE Stock Options 9,910,439 $1.85mm UPGATE $045 Financing Warrants 3,279,514 2t $0.40 1,200 Shares Outstanding (fully diluted) 123,173,860 sod Closes $3.3mm FT Cash Position ~C$3 Million Financing at $0.32 5 -_— 00 g z Shareholder Registry Zs 35 : Osisko Gold Royalties 162% © Loo © Raymond James 6.8% $0.30 Quebec Funds 57% 300 Pate Capital 3.7% $0.25 US Global 2.5% Commodity Discovery Fund 1.1% $020 0 204015 31015 310ct15 3Decls 29Feb16 AgaNola AG 0.5% Trading Volume Insiders (D&O) 3.8% 1-month average 392,130 3-mont…

Slide text above is read directly from the Falco Resources deck PDF embedded on this page.

Related fundraising guides (24)

Decks from the same year (1)

Decks from the same region (1)

Browse companies alphabetically (1)

More pitch deck teardowns (16)

Recently published pitch deck teardowns (12)

Fundraising library · Pitch deck examples · Investor directory · Founder database