FireFly Metals Ltd. — Capital/Financing Update 2016

Jun 6, 2016

Exploration Office Level 3, 100 Pirie Street Adelaide SA 5000 info@monaxmining.com.au

ABN: 96 110 336 733

Tel: +61 8 8232 8320 Fax: +61 8 8232 8811 www.monaxmining.com.au

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7 June 2016

ASX Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Despatch of Prospectus and Entitlement and Acceptance Form

As announced on 30 May 2016, Monax Mining Limited (ASX:MOX ‘Company’) is seeking to raise approximately $1.52 million (before costs) by undertaking a pro-rata non-renounceable entitlement issue of 1 new share for every 2 shares held by eligible shareholders at an issue price of $0.010 (1 cent) per share.

The Company is pleased to confirm that the Prospectus and Entitlement and Acceptance Form have today been despatched by mail to eligible shareholders.

The Prospectus was lodged with the ASX on 30 May 2016 and attached to this announcement is a copy of the Entitlement and Acceptance Form. When taking up this Offer, use the personalised Entitlement and Acceptance Form mailed to you with the Prospectus.

Yours faithfully

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Kaitlin Smith Company Secretary

ACN 110 336 733

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For all enquiries:

Phone:

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(within Australia) 08 8232 8320 (outside Australia) 61 8 8232 8320

Web:

www.investorcentre.com/contact

Make your payment:

See overleaf for details of the Offer and how to make your payment

Non-Renounceable Rights Issue — Entitlement and Acceptance Form

 [Your payment must be received by 5:00pm (ACST) Friday 24 June 2016] This is an important document that requires your immediate Choose one of the payment methods shown below. attention. It can only be used in relation to the shareholding represented by the details printed overleaf. If you are in doubt about BPAY[®] : See overleaf. Do not return the payment slip with BPAY how to deal with this form, please contact your financial or other payment. professional adviser. By Mail: Complete the reverse side of the payment slip and detach Step 1: Registration Name & Offer Details and return with your payment. Make your cheque, bank draft or Details of the shareholding and entitlements for this Offer are money order payable in Australian dollars to " Monax Mining shown overleaf. Limited " and cross " Not Negotiable ". The cheque must be drawn from an Australian bank. Cash is not accepted. Please check the details provided and update your address via www.investorcentre.com if any of the details are incorrect. Payment will be processed on the day of receipt and as such, sufficient cleared funds must be held in your account as cheques If you have a CHESS sponsored holding, please contact your received may not be re-presented and may result in your Controlling Participant to notify a change of address. Application being rejected. Paperclip (do not staple) your cheque(s) to the payment slip. Receipts will not be forwarded. Funds cannot Step 2: Make Your Payment be debited directly from your account. You can apply to accept either all or part of your Entitlement. If you Entering your contact details is not compulsory, but will assist us if accept your full Entitlement, you can also apply for Additional New we need to contact you. Shares. Enter the number of New Shares you wish to apply for and the amount of payment for those New Shares. By making your payment you confirm that you agree to all of the terms and conditions as detailed in the Prospectus dated Turn over for details of the Offer è 30 May 2016.

This is an important document that requires your immediate attention. It can only be used in relation to the shareholding represented by the details printed overleaf. If you are in doubt about how to deal with this form, please contact your financial or other professional adviser.

By Mail: Complete the reverse side of the payment slip and detach and return with your payment. Make your cheque, bank draft or money order payable in Australian dollars to " Monax Mining Limited " and cross " Not Negotiable ". The cheque must be drawn from an Australian bank. Cash is not accepted.

Please check the details provided and update your address via www.investorcentre.com if any of the details are incorrect. Payment will be processed on the day of receipt and as such, sufficient cleared funds must be held in your account as cheques If you have a CHESS sponsored holding, please contact your received may not be re-presented and may result in your Controlling Participant to notify a change of address. Application being rejected. Paperclip (do not staple) your cheque(s) to the payment slip. Receipts will not be forwarded. Funds cannot be debited directly from your account.

Monax Mining Limited Non-Renounceable Rights Issue Payment must be received by 5:00pm (ACST) Friday 24 June 2016

® Registered to BPAY Pty Limited ABN 69 079 137 518

Entitlement and Acceptance Form with Additional Shares

Registration Name & Offer Details

• [For your security keep your SRN/] HIN confidential.

Registration Name:

Offer Details: Existing shares entitled to participate as at 3 June 2016: Entitlement to New Shares on a 1 for 2 basis: Amount payable on full acceptance at $0.010 per New Share:

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Make Your Payment

Pay by Mail:

Biller Code: 160986 Pay by Mail: Ref No: 1 234 5678 9123 4567 89  Make your cheque, bank draft or money order payable to " Monax Mining Limited " and cross " Not Negotiable ". Contact your financial institution to make your Return your cheque with the below payment slip to: payment from your cheque or savings account. Computershare Investor Services Pty Limited GPO BOX 2987 Adelaide South Australia 5001 Australia Lodgement of Acceptance If you are applying for New Shares and your payment is being made by BPAYPAY , you do not need to return the payment slip below. Your payment must be received by no later than 5:00pm (ACST) Friday 24 June 2016. Applicants should be aware that their own financial institution may implement earlier cut off times with regards to electronic payment, and should therefore take this into consideration when making payment. Neither Computershare Investor Services Pty Limited (CIS) nor Monax Mining Limited accepts any responsibility for loss incurred through incorrectly completed BPAYPAY payments. It is the responsibility of the applicant to ensure that funds submitted through BPAYPAY are received by this time. If you are paying by cheque, bank draft or money order the payment slip below must be received by CIS by no later than 5:00pm (ACST) Friday 24 June 2016. You should allow sufficient time for this to occur. A reply paid envelope is enclosed for shareholders in Australia. Other Eligible Shareholders will need to affix the appropriate postage. Return the payment slip below with cheque attached. Neither CIS nor Monax Mining Limited accepts any responsibility if you lodge the payment slip below at any other address or by any other means. Privacy Notice The personal information you provide on this form is collected by Computershare Investor Services Pty Limited (CIS), as registrar for the securities issuers (the issuer), for the purpose of maintaining registers of securityholders, facilitating distribution payments and other corporate actions and communications. In addition, the issuer may authorise us on their behalf to send you marketing material or include such material in a corporate communication. You may elect not to receive marketing material by contacting CIS using the details provided above or emailing privacy@computershare.com.au. We may be required to collect your personal information under the Corporations Act 2001 (Cth) and ASX Settlement Operating Rules. We may disclose your personal information to our related bodies corporate and to other individuals or companies who assist us in supplying our services or who perform functions on our behalf, to the issuer for whom we maintain securities registers or to third parties upon direction by the issuer where related to the issuer’s administration of your securityholding, or as otherwise required or authorised by law. Some of these recipients may be located outside Australia, including in the following countries: Canada, India, New Zealand, the Philippines, the United Kingdom and the United States of America. For further details, including how to access and correct your personal information, and information on our privacy complaints handling procedure, please contact our Privacy Officer at privacy@computershare.com.au or see our Privacy Policy at http://www.computershare.com/au. Detach here Monax Mining Limited Acceptance Payment Details Entitlement taken up: Number of Additional New Shares applied for: Amount enclosed at $0.010 per New Share: A$ .

If you are applying for New Shares and your payment is being made by BPAYPAY , you do not need to return the payment slip below. Your payment must be received by no later than 5:00pm (ACST) Friday 24 June 2016. Applicants should be aware that their own financial institution may implement earlier cut off times with regards to electronic payment, and should therefore take this into consideration when making payment. Neither Computershare Investor Services Pty Limited (CIS) nor Monax Mining Limited accepts any responsibility for loss incurred through incorrectly completed BPAYPAY payments. It is the responsibility of the applicant to ensure that funds submitted through BPAYPAY are received by this time. If you are paying by cheque, bank draft or money order the payment slip below must be received by CIS by no later than 5:00pm (ACST) Friday 24 June 2016. You should allow sufficient time for this to occur. A reply paid envelope is enclosed for shareholders in Australia. Other Eligible Shareholders will need to affix the appropriate postage. Return the payment slip below with cheque attached. Neither CIS nor Monax Mining Limited accepts any responsibility if you lodge the payment slip below at any other address or by any other means.

Payment must be received by 5:00pm (ACST) Friday 24 June 2016

Contact Details

Contact Daytime Name Telephone Cheque Details Drawer Cheque Number BSB Number Account Number Amount of Cheque

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