FireFly Metals Ltd. — Capital/Financing Update 2025

Mar 25, 2025

ASX: FFM | TSX: FFM Company Announcement 25 March 2025

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- Green Bay Copper Gold Project, Canada

Exceptional infill drilling results support strategy to upgrade Resource ahead of expanded mining studies

Highly successful drilling campaign paves way for upgrades of Inferred Resources to Measured & Indicated Resources, which typically attract significantly higher comparative valuations

KEY POINTS

• FireFly continues to generate strong infill drilling results as part of its multi-pronged strategy to create significant shareholder value over 2025

• The Infill drilling program is a key plank of this growth strategy; It is aimed at upgrading Inferred Resources to Measured and Indicated category; These higher-confidence Resources typically attract increased valuations and can be used to help underpin mining studies, which in turn are designed to demonstrate the production and cashflow potential of the project, unlocking further value in the process

• Drilling of the Massive Sulphide (VMS) lenses from the exploration drive continues to deliver high-grade intersections from copper-gold rich zones, including:

• 14.2m @ 7.5% CuEq[1] (5.7% Cu & 2.0g/t Au) in hole MUG24-125 ( ~ true thickness )

• o 9.0m @ 5.5% CuEq (4.5% Cu & 1.2g/t Au) in hole MUG24-106 ( ~ true thickness ) o 14.5m @ 4.6% CuEq (3.4% Cu & 1.3g/t Au) in hole MUG24-102 ( ~ true thickness ) o 19.0m @ 3.8% CuEq (2.9% Cu & 1.0g/t Au) in hole MUG24-114) ( ~ true thickness )

• The broad Footwall stinger zone continues to demonstrate thick and consistent copper mineralisation, pointing to the potential for large-scale bulk mining. Intersections include:

• 50.9m @ 2.6% CuEq (2.5% Cu & 0.2g/t Au) in hole MUG24-091 ( ~ true thickness )

• 46.8m @ 2.2% CuEq (2.1% Cu & 0.2g/t Au) in hole MUG24-111 ( ~ true thickness )

• 66.8m @ 2.1% CuEq (2.0% Cu & 0.1g/t Au) in hole MUG24-081 ( ~ true thickness )

• 21.7m @ 2.7% CuEq (2.6% Cu & 0.1g/t Au) in hole MUG24-123 ( ~ true thickness )

• o 42.8m @ 2.2% CuEq (2.1% Cu & 0.1g/t Au) in hole MUG24-084 ( ~ true thickness )

• The latest infill drilling results further demonstrate the world-class potential of the Ming Mine at Green Bay and are expected to significantly increase the quantity of Measured and

1 Metal equivalent for drill results reported in this announcement have been calculated at a copper price of US$8,750/t, gold price of US$2,500/oz, silver price of US$25/oz and zinc price of US$2,500/t. Metallurgical recoveries have been set at 95% for copper, 85% for precious metals and 50% for zinc. CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) + (Ag(g/t) x 0.00822) + (Zn(%) x 0.15038). In the opinion of the Company, all elements included in the metal equivalent calculation have a reasonable potential to be sold and recovered based on current market conditions, metallurgical test work, and historical performance achieved at the Green Bay project whilst in operation.

FireFly Metals Ltd

+61 8 9220 9030 ACN 110 336 733 info@fireflymetals.com.au Principal & Registered Office: www.fireflymetals.com.au Level 2/8 Richardson Street West Perth WA 6005

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Indicated Resources in the next update (currently 24.4Mt at 1.9% CuEq Measured & Indicated Resource and 34.5Mt @ 2.0% CuEq Inferred Resource; see ASX announcement dated 29 October 2024 )

• The infill drilling was conducted as part of FireFly’s extensive six-rig drill program; This is designed to create value by simultaneously extending known mineralisation, upgrading the Resource and making new discoveries

• Further Infill drilling is planned for the recently discovered thick high-grade zone at the northern margins of the current Mineral Resource, which returned intersections including 86.3m @ 3.7% CuEq (see ASX announcement dated 10 December 2024)

• Step-out drilling to test for high-grade down plunge extensions beyond the current Ming Resource continues; Additional assays are expected in coming weeks

• Surface exploration drilling and geophysics is underway and will test high priority nearmine targets with first results anticipated in the June quarter

• An additional underground rig is scheduled to commence in May, bringing the total to seven

• FireFly has boosted its in-country management team with the appointment of highly accomplished technical specialist Jared Dietrich as Vice President – Metallurgy. He will play a pivotal role in the economic studies for upscaled production at Green Bay

• The Company remains well-funded for its accelerated growth strategy with ~A$84.1M in cash, receivables and liquid investments at 31 December 2024

FireFly Managing Director Steve Parsons said: “These outstanding results show that our multipronged strategy for growth in 2025 is already working.

“There is substantial value to be created by converting our large inferred resource to measured and indicated due to the increased confidence level, the higher values typically assigned to these resources and the ability to demonstrate the production and cashflow potential at Green Bay. This is taking place in parallel with ongoing exploration drilling aimed at driving further growth in the total Resource.

“With six rigs turning and another set to start in May, Resource updates scheduled and mining studies to get underway, we have multiple sources of growth throughout 2025.”

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FireFly Metals Ltd (ASX: FFM, TSX: FFM) ( Company or FireFly ) is pleased to announce further exceptional drilling results at the Green Bay copper-gold project.

There are two distinct styles of mineralisation at the Ming underground mine at Green Bay. One comprises the upper copper-gold rich Volcanogenic Massive Sulphide ( VMS ) lenses. This sits above a broad copper stringer zone known as the Footwall Zone ( FWZ ).

Drilling from the 805 Exploration drive continues to demonstrate continuity of the high-grade copper-gold rich VMS mineralisation, with key intersections including 14.2m @ 7.5% CuEq , 14.5m @ 4.6% CuEq, 9.0m @ 5.5% CuEq and 19.0m @ 3.8% CuEq (~ true widths).

Infill drilling of the broad copper-rich zone exceeded expectations, with thick and continuous zones exceeding 2% copper routinely intersected. Highlights include 50.9m @ 2.6% CuEq , 46.8m @ 2.2% CuEq and 66.8m @ 2.1% CuEq (~ true widths).

These results are important because they highlight the potential for significant increases in the highly valuable Measured and Indicated ( M&I ) Resource which will form the basis for future economic studies into the upscaled resumption of production at the Ming Mine. The current Resource stands at 24.4Mt @ 1.9% CuEq M&I and a further 34.5Mt @ 2.0% CuEq in the Inferred category.

Furthermore, a surface rig is currently drilling high priority targets close to the Ming Mine. Closespaced ground geophysics is in progress, further defining electromagnetic anomalies generated by the lease-wide airborne VTEM survey conducted during 2024. The first drill assay results are likely to be received during the June 2025 quarter.

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Figure 1: Long section through the Green Bay Ming underground mine showing the location of FireFly’s latest drill results from both the high grade copper-gold VMS zone and broad copper Footwall Zone. Key results from this announcement are highlighted. Drill assays >0.5% copper are shown in red.

FireFly remains committed to accelerating its growth strategy. This comprises a combination of Resource growth, upgrading the current Resource and making new copper-gold discoveries. A total of six drill rigs are currently operating at Green Bay (five underground and one on surface). An additional underground rig is scheduled to arrive in May. Resource updates and preliminary economic mining studies are expected to be delivered later in 2025.

The Company remains well funded to achieve the accelerated growth strategy with ~A$84.1M in cash, receivables and liquid investments at the end of December 2024.

About the Drill Results

Drilling at the Ming underground copper-gold mine recommenced following the acquisition of the Green Bay copper-gold project by FireFly in October 2023. In total, the Company has completed ~67,000m of diamond core drilling to date from underground development.

Assays have been received for the first 138 holes drilled by FireFly. Logging and analysis of additional drill holes is ongoing, with details to be reported regularly as results are received.

There are two distinct styles of mineralisation present at the Green Bay Ming Mine, consisting of a series of upper copper-gold rich Volcanogenic Massive Sulphide ( VMS ) lenses underlain by a broad copper stringer zone, known as the Footwall Zone ( FWZ ).

The Footwall Zone is extensive, with the stringer mineralisation observed over thicknesses of ~150m and widths exceeding 200m. The known strike of the mineralisation defined to date is 2.1km and it remains open down-plunge.

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Five drill rigs are currently operating underground, with the focus split between both extension / exploration (two rigs) and resource conversion drilling (three rigs).

The location of drill positions and holes reported in this announcement is presented in Figure 2. Significant assay results are presented in Appendix B of this announcement.

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Figure 2: Long section through the Ming mine showing the location of drill platforms and drilling reported in this announcement. Assay results greater than 0.5% Cu are shown in red.

Resource Conversion Drilling from the 805L Exploration Drive

Drilling from the 805L drill drive focused primarily on upgrading the data density in the high-grade copper-gold dominated VMS lenses defined by previously reported exploration drilling. The results demonstrate strong continuity and consistent high grades in the Ming North and South VMS lenses.

Significant intersections[2] from Resource definition drilling completed from the exploration drive include, but are not limited to:

Hole MUG24-125 intersected predominantly massive sulphide with minor sulphide stringers

• 14.2m @ 5.72% Cu, 2g/t Au, 9.6g/t Ag, 0.17% Zn (7.5% CuEq) from 184.4m (VMS-style)

Hole MUG24-102 includes multiple mineralised zones consisting of an upper massive sulphide zone and a further zone of massive sulphide intercalated with FWZ style stringers

• 14.5m @ 3.4% Cu, 1.3g/t Au, 7.5g/t Ag, 0.2% Zn (4.6% CuEq) from 190.5m (VMS-style)

• 13.1m @ 2.1% Cu, 0.2g/t Au, 2.4g/t Ag, 0.11% Zn (2.3% CuEq) from 213.1m (VMS / Stringer-style)

Hole MUG24-106 includes a thick consistent copper-gold VMS zone

• 9m @ 4.5% Cu, 1.2g/t Au, 13.0g/t Ag, 0.2% Zn (5.5% CuEq) from 196.5m (VMS-style)

Hole MUG24-110 intersected an upper VMS zone followed by multiple lower FWZ stinger zones

• 10.3m @ 3.0% Cu, 0.8g/t Au, 6.8g/t Ag, 0.1% Zn (3.7% CuEq) from 203.7m (VMS-style)

• 38.0m @ 1.9% Cu, 0.2g/t Au, 2.3g/t Ag, 0.03% Zn (2.1% CuEq) from 231.6m (FW Stringer-style), including:

2 Holes are drilled perpendicular to the mineralisation and approximate true thickness. ASX: FFM | TSX: FFM

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7.8m @ 5.6% Cu, 0.5g/t Au, 7.2g/t Ag, 0.06% Zn (6.1% CuEq) from 231.6m

Hole MUG24-114 includes a wide upper VMS zone grading into sulphide stringers

• 19m @ 2.9% Cu, 1.0g/t Au, 7.6g/t Ag, 0.14% Zn (3.8% CuEq) from 225m (VMS-stringer style)

Hole MUG24-116 intersected high-grade VMS

• 3.4m @ 4.8% Cu, 0.4g/t Au, 8.4g/t Ag, 0.13% Zn (5.2% CuEq) from 261.2m (VMS-style)

Hole MUG24-121 intersected a copper-gold VMS zone grading

• 6.3m @ 3.0% Cu, 0.9g/t Au, 4.9g/t Ag, 0.11% Zn (3.8% CuEq) from 198.6m (VMS-style)

Resource Conversion Drilling from the 830 Level

Assays were received for three drill holes completed from the historically mined 830 Level. These holes targeted areas of low drill density in the footwall zone. Significant intersections[3] included:

Hole MUG24-111 intersected multiple thick zones of high-grade mineralisation

• 12.5m @ 2.0% Cu, 0.3g/t Au, 1.8g/t Ag, 0.02% Zn (2.2% CuEq) from 8.5m (FW Stringer-style)

• 15.5m @ 1.7% Cu, 0.4g/t Au, 2.4g/t Ag, 0.01% Zn (2.1% CuEq) from 162m (FW Stringer-style)

• 46.8m @ 2.1% Cu, 0.2g/t Au, 2.5g/t Ag, 0.01% Zn (2.2% CuEq) from 205.2m (FW Stringer-style) including:

• 8m @ 3.5% Cu, 0.3g/t Au, 4.4g/t Ag, 0.02% Zn (3.7% CuEq) from 214m

• o 5m @ 3.5% Cu, 0.1g/t Au, 3.3g/t Ag, 0.01% Zn (3.6% CuEq) from 246m

Hole MUG24-117 intersected multiple thick zones of high-grade mineralisation

• 24.6m @ 1.3% Cu, 0.1g/t Au, 1.7g/t Ag, 0.01% Zn (1.4% CuEq) from 112.1m (FW Stringer-style)

• 5.9m @ 1.9% Cu, 0.3g/t Au, 3.6g/t Ag, 0.02% Zn (2.2% CuEq) from 161.1m (FW Stringer-style)

• • 18.4m @ 2.3% Cu, 0.1g/t Au, 2.8g/t Ag, 0.02% Zn (2.4% CuEq) from 196.3m (FW Stringer-style)

• 27.2m @ 2.2% Cu, 0.1g/t Au, 3.2g/t Ag, 0.01% Zn (2.3% CuEq) from 239.4m (FW Stringer-style)

Hole MUG24-122 includes multiple zones of footwall mineralisation

• 6m @ 1.6% Cu, 0.3g/t Au, 1.9g/t Ag, 0.13% Zn (1.9% CuEq) from 24.4m (FW Stringer-style)

• 3.7m @ 1.8% Cu, 0.1g/t Au, 2.4g/t Ag, 0.02% Zn (1.9% CuEq) from 124.7m (FW Stringer-style)

• 8.9m @ 1.9% Cu, 0.1g/t Au, 2.3g/t Ag, 0.04% Zn (2.0% CuEq) from 142.3m (FW Stringer-style)

• 5m @ 1.6% Cu, 0.1g/t Au, 2.3g/t Ag, 0.02% Zn (1.6% CuEq) from 257m (FW Stringer-style)

Resource Conversion Drilling from the 750 Level

Results for several drill holes completed from the 750 Level have been returned. These holes targeted areas of Inferred Resource in the footwall zone with the aim of upgrading to the Indicated Resource category in future updates. Significant intersections[3] included, but are not limited to:

Hole MUG24-078 intersected multiple zones of footwall style mineralisation

• 23.3m @ 2.4% Cu, 0.2g/t Au, 2.7g/t Ag, 0.01% Zn (2.5% CuEq) from 155m (FW Stringer-style)

• 12.3m @ 2.2% Cu, 0.4g/t Au, 2.9g/t Ag, 0.01% Zn (2.6% CuEq) from 207.8m (FW Stringer-style)

Hole MUG24-099 contains multiple zones of stringer style mineralisation

• 3.1m @ 1.7% Cu, 0.2g/t Au, 2g/t Ag, 0.04% Zn (1.9% CuEq) from 40.1m (FW Stringer-style)

3 Holes are drilled perpendicular to the mineralisation and approximate true thickness. ASX: FFM | TSX: FFM

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• 5.2m @ 1.5% Cu, 0.1g/t Au, 2.2g/t Ag, 0.05% Zn (1.6% CuEq) from 73.7m (FW Stringer-style)

• 15.9m @ 1.5% Cu, 0.1g/t Au, 1.6g/t Ag, 0.02% Zn (1.5% CuEq) from 105.7m (FW Stringer-style)

• • 5.5m @ 1.8% Cu, 0.1g/t Au, 2g/t Ag, 0.01% Zn (1.8% CuEq) from 223.5m (FW Stringer-style)

• 7.1m @ 1.8% Cu, 0g/t Au, 1.8g/t Ag, 0.02% Zn (1.8% CuEq) from 236.9m (FW Stringer-style)

• 3.1m @ 2.4% Cu, 0.1g/t Au, 2g/t Ag, 0.01% Zn (2.5% CuEq) from 270.3m (FW Stringer-style)

Resource Conversion Drilling from the 620 Level

Infill drilling has progressed from the historic 620 Level of the Ming Mine, targeting footwall zone mineralisation that is currently classified as Inferred in the October 2024 Mineral Resource Estimate. Drill results have confirmed continuity of mineralisation. Significant intersections[4] include, but are not limited to:

Hole MUG24-081 intersected multiple zones, including a thick consistent zone footwall stringer mineralisation

• 66.8m @ 2.0% Cu, 0.1g/t Au, 1.8g/t Ag, 0.01% Zn (2.1% CuEq) from 193.3m (FW Stringer-style), including o 13.3m @ 3.3% Cu, 0.2g/t Au, 2.9g/t Ag, 0.02% Zn (3.5% CuEq) from 196.7m

Hole MUG24-091 contains extensive high-grade footwall mineralisation, highlighted by:

• 50.9m @ 2.5% Cu, 0.2g/t Au, 2.3g/t Ag, 0.02% Zn (2.6% CuEq) from 207.8m (FW Stringer-style), including: o 17.3m @ 3.5% Cu, 0.3g/t Au, 3.6g/t Ag, 0.02% Zn (3.7% CuEq) from 212.8m

Hole MUG24-084 intersected multiple zones, highlighted by a thick zone of high-grade footwall stringer mineralisation

• 42.8m @ 2.2% Cu, 0.1g/t Au, 2.2g/t Ag, 0.01% Zn (2.2% CuEq) from 239.6m (FW Stringer-style), including o 17.9m @ 3.1% Cu, 0.1g/t Au, 2.9g/t Ag, 0.02% Zn (3.2% CuEq) from 239.6m

Hole MUG24-086 intersected multiple zones of footwall stringer mineralisation

• 11.9m @ 1.8% Cu, 0.1g/t Au, 1.6g/t Ag, 0.02% Zn (1.9% CuEq) from 222.1m (FW Stringer-style) followed by

• • 31.0m @ 1.9% Cu, 0.1g/t Au, 1.8g/t Ag, 0.01% Zn (2.0% CuEq) from 239.6m (FW Stringer-style)

Resource Conversion Drilling from the 2200 Level

Drilling from the mid-levels of the Ming mine has commenced to improve definition of the footwall zone down plunge of the historic shaft. Significant assays[4] include, but are not limited to:

Hole MUG24-119 intersected consistent zones of footwall stringer mineralisation

• 25.6m @ 2.2% Cu, 0.2g/t Au, 2.1g/t Ag, 0.03% Zn (2.4% CuEq) from 155m (FW Stringer-style)

Hole MUG24-123 intersected multiple zones of footwall stringer mineralisation

• 21.7m @ 2.6% Cu, 0.2g/t Au, 2.4g/t Ag, 0.04% Zn (2.7% CuEq) from 152.9m (FW Stringer-style) including: o 5.2m @ 5.0% Cu, 0.3g/t Au, 5.1g/t Ag, 0.07% Zn (5.3% CuEq) from 152.9m

• 14.0m @ 1.5% Cu, 0.1g/t Au, 1.4g/t Ag, 0.01% Zn (1.7% CuEq) from 211m (FW Stringer-style)

4 Holes are drilled perpendicular to the mineralisation and approximate true thickness. ASX: FFM | TSX: FFM

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Forward Work Plan

Near-term drilling activities at the Green Bay copper-gold project will continue to focus on three key areas: Resource Growth , Upgrading the Resource (infill) and New Discoveries .

Infill drilling reported in this announcement continues to demonstrate continuous and consistent high-grade copper and gold mineralisation at the Ming mine. The infill drilling will contribute to the upgrading of the Inferred Resource (34.5Mt @ 2.0% CuEq) to the higher quality Measured and Indicated (M&I) Resource category, which currently stands at 24.4Mt @ 1.9% CuEq (see ASX announcement dated 29 October 2024). The higher confidence M&I Resource will form the basis of economic studies FireFly expects to complete in late 2025.

FireFly will continue with its low-cost rapid Resource growth strategy, with the underground exploration drill drive continuing to be extended to allow effective drill testing down plunge as well as discovery drilling utilising Down Hole Electromagnetics ( DHEM ) for new parallel and repeat lodes at the Ming deposit during 2025.

A fifth diamond drill rig has commenced underground. Due to the exceptional results achieved to date, the Company has decided to accelerate the drill program by contracting a sixth underground drill, which is anticipated to arrive at Green Bay in May 2025.

To date, ~67,000m of the planned 130,000m drill program has been completed. The remainder of the underground drill program for 2025 has three clear strategic components:

• Resource extension: Test the down-plunge continuation of both the high-grade copper-gold VMS zones and the broad footwall copper stringer zone: ~35,000m of drilling ( Figure 3 );

• Infill drilling: Create value through the conversion of inferred areas of the Resource to indicated for inclusion in future mining studies: ~35,000m of drilling; and

• Discovery drilling: Drilling to explore for parallel high-grade VMS lodes and additional broad footwall stringer-style mineralisation and possible high grade ‘feeder’ zone style mineralisation within 600m of the underground infrastructure: ~10,000m of drilling. This includes near mine surface drilling.

Regional exploration is underway with a surface diamond drill currently testing high-priority targets close to the Ming mine. Drilling will initially focus on the historical mines within 5km of the Ming deposit that contain unmined intersections such as 25.0m @ 4.1% CuEq (4.7g/t gold and 0.23% copper). The first assay results are expected in the June quarter.

Furthermore, ground geophysical crews have been mobilised to validate multiple anomalies identified in the Company’s 2024 airborne VTEM geophysical survey. Geophysical work will also commence in the coming weeks at the Tilt Cove property that was acquired in December 2024.

Work on engineering studies continues to evaluate various scenarios for an up-scaled restart to operations, which will incorporate the expected 2025 Resource updates once finalised. With the huge success of the drilling programs to date, the Company does not want to limit the size of any future potential upscaled mining operation until it has completed the next phase of growth drilling.

FireFly is currently finalising, and proposes to submit within the coming weeks, a registration ( EA Registration ) with the Department of Environment and Climate Change in respect of the Green

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Bay Copper-Gold Project for environmental assessment under the environmental protection laws of Newfoundland and Labrador. Following submission of the EA Registration, a determination will be made by the Minister of Environment and Climate Change of the Government of Newfoundland and Labrador regarding whether further environmental assessment is required.

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Figure 3: Planned 2024-2025 Resource extensions drilling at the Ming mine. Drilling is expected to add additional high-grade VMS as well as broad footwall stringer extensions to the Resource. Note that new discovery drilling and infill drilling is not shown on this image, only extension drilling.

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Figure 4: Key 2024-2025 milestones for the Green Bay Copper-Gold Project. 1. Please note that timelines are

indicative and may be subject to change.

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The Company remains well funded to deliver the fast-growth strategy with ~A$84.1M in cash, receivables and liquid investments at the end of December 2024.

Steve Parsons

Media

Managing Director Paul Armstrong FireFly Metals Ltd Read Corporate +61 8 9220 9030 +61 8 9388 1474

ABOUT FIREFLY METALS

FireFly Metals Ltd (ASX, TSX: FFM) is an emerging copper-gold company focused on advancing the high-grade Green Bay Copper-Gold Project in Newfoundland, Canada. The Green Bay CopperGold Project currently hosts a Mineral Resource prepared in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ( JORC Code 2012 ) and Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ( NI 43-101 ) of 24.4Mt of Measured and Indicated Resources at 1.9% for 460Kt CuEq and 34.5Mt of Inferred Resources at 2% for 690Kt CuEq . The Company has a clear strategy to rapidly grow the copper-gold Resource to demonstrate a globally significant copper-gold asset. FireFly has commenced a 130,000m diamond drilling program.

FireFly holds a 70% interest in the high-grade Pickle Crow Gold Project in Ontario. The current Inferred Resource stands at 11.9Mt at 7.2g/t for 2.8Moz gold , with exceptional discovery potential on the 500km[2] tenement holding.

The Company also holds a 90% interest in the Limestone Well Vanadium-Titanium Project in Western Australia.

For further information regarding FireFly Metals Ltd please visit the ASX platform (ASX:FFM) or the Company’s website www.fireflymetals.com.au or SEDAR+ at www.sedarplus.ca.

COMPLIANCE STATEMENTS

Mineral Resources Estimate – Green Bay Project

The Mineral Resource Estimate for the Green Bay Project referred to in this announcement and set out at Appendix A was first reported in the Company’s ASX announcement dated 29 October 2024, titled “Resource increases 42% to 1.2Mt of contained metal at 2% Copper Eq” and is also set out in the Technical Reports for the Ming Copper Gold Mine and Little Deer Copper Project available on SEDAR+ at www.sedarplus.ca.

Metal equivalents for the Mineral Resource Estimate mineralisation have been calculated at a copper price of US$8,750/t, gold price of US$2,500/oz and silver price of US$25/oz. Individual Resource grades for the metals are set out at Appendix A of this announcement. Copper equivalent was calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) + (Ag(g/t) x 0.00822).

Metallurgical factors have been applied to the metal equivalent calculation. Copper recovery used was 95%. Historical production at the Ming Mine has a documented copper recovery of ~96%. Precious metal metallurgical recovery was assumed at 85% on the basis of historical recoveries

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achieved at the Ming Mine in addition to historical metallurgical test work to increase precious metal recoveries.

In the opinion of the Company, all elements included in the metal equivalent calculations have a reasonable potential to be sold and recovered based on current market conditions, metallurgical test work, and historical performance achieved at the Green Bay project whilst in operation.

Mineral Resources Estimate – Pickle Crow Project

The Mineral Resource Estimate for the Pickle Crow Project referred to in this announcement was first reported in the Company’s ASX announcement dated 4 May 2023, titled “High-Grade Inferred Gold Resource Grows to 2.8Moz at 7.2g/t”.

Metal equivalents for Exploration Results

Metal equivalents for the exploration results have been calculated at a copper price of US$8,750/t, gold price of US$2,500/oz, silver price of US$25/oz and zinc price of US$2,500/t. Individual grades for the metals are set out at Appendix B of this announcement.

Metallurgical factors have been applied to the metal equivalent calculation. Copper recovery used was 95%. Historical production at the Ming Mine has a documented copper recovery of ~96%. Precious metal metallurgical recovery was assumed at 85% based on historical recoveries achieved at the Ming Mine in addition to historical metallurgical test work to increase recoveries. Zinc recovery is applied at 50% based on historical processing and potential upgrades to the mineral processing facility.

In the opinion of the Company, all elements included in the metal equivalent calculation have a reasonable potential to be sold and recovered based on current market conditions, metallurgical test work, and the Company’s operational experience.

Copper equivalent was calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) + (Ag(g/t) x 0.00822) + (Zn(%) x 0.15038).

Exploration results

Previously reported exploration results at the Green Bay Project referred to in this announcement were first reported in accordance with ASX Listing Rule 5.7 in FireFly’s ASX announcements dated 31 August 2023, 11 December 2023, 16 January 2024, 4 March 2024, 21 March 2024, 29 April 2024, 19 June 2024, 3 September 2024, 16 September 2024, 3 October 2024, 10 December 2024 and 12 February 2025.

Original announcements

FireFly confirms that it is not aware of any new information or data that materially affects the information included in the original announcements and that, in the case of Mineral Resources, all material assumptions and technical parameters underpinning the Mineral Resource Estimates in the original announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ and Qualified Persons’ findings are presented have not been materially modified from the original market announcement.

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COMPETENT PERSON AND QUALIFIED PERSON STATEMENTS

The information in this announcement that relates to new Exploration Results is based on and fairly represents information compiled by Mr Darren Cooke, a Competent Person who is a member of the Australasian Institute of Geoscientists. Mr Cooke is a full-time employee of FireFly Metals Ltd and holds securities in FireFly Metals Ltd. Mr Cooke has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Cooke consents to the inclusion in this announcement the matters based on his information in the form and context in which it appears.

All technical and scientific information in this announcement have been reviewed and approved by Group Chief Geologist, Mr Juan Gutierrez BSc, Geology (Masters), Geostatistics (Postgraduate Diploma), who is a Member and Chartered Professional of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Gutierrez is a Competent Person as defined in the JORC Code 2012 and a Qualified Person as defined in NI 43-101.

FORWARD LOOKING INFORMATION

This announcement may contain certain forward-looking statements and projections, including statements regarding FireFly’s plans, forecasts and projections with respect to its mineral properties and programs. Although the forward-looking statements contained in this announcement reflect management’s current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, such forward looking statements and projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors many of which are beyond the control of the Company.

The forward-looking statements and projections are inherently uncertain and may therefore differ materially from results ultimately achieved. For example, there can be no assurance that FireFly will be able to confirm the presence of Mineral Resources or Ore Reserves, that FireFly’s plans for development of its mineral properties will proceed, that any mineralisation will prove to be economic, or that a mine will be successfully developed on any of FireFly’s mineral properties. The performance of FireFly may be influenced by a number of factors which are outside the control of the Company, its directors, officers, employees or contractors. The Company does not make any representations and provides no warranties concerning the accuracy of any forward-looking statements or projections, and disclaims any obligation to update or revise any forward-looking statements or projections based on new information, future events or otherwise, except to the extent required by applicable laws.

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APPENDIX A

Green Bay Copper-Gold Project Mineral Resources

Ming Deposit Mineral Resource Estimate

	TONNES	COPPER	GOLD	SILVER	CuEq
	(Mt)	Grade (%) Metal (‘000 t)	Grade (g/t) Metal (‘000 oz)	Grade (g/t) Metal (‘000 oz)	Grade (%)
Measured	4.7	1.7 80	0.3 40	2.3 340	1.9
Indicated	16.8	1.6 270	0.3 150	2.4 1,300	1.8
TOTAL M&I	21.5	1.6 340	0.3 190	2.4 1,600	1.8
Inferred	28.4	1.7 480	0.4 340	3.3 3,000	2.0

Little Deer Mineral Resource Estimate

	TONNES	COPPER	GOLD	SILVER	CuEq
	(Mt)	Grade (%) Metal (‘000 t)	Grade (g/t) Metal (‘000 oz)	Grade (g/t) Metal (‘000 oz)	Grade (%)
Measured	-	- -	- -	- -	-
Indicated	2.9	2.1 62	0.1 9	3.4 320	2.3
TOTAL M&I	2.9	2.1 62	0.1 9	3.4 320	2.3
Inferred	6.2	1.8 110	0.1 10	2.2 430	1.8

GREEN BAY TOTAL MINERAL RESOURCE ESTIMATE

	TONNES	COPPER	GOLD	SILVER	CuEq
	(Mt)	Grade (%) Metal (‘000 t)	Grade (g/t) Metal (‘000 oz)	Grade (g/t) Metal (‘000 oz)	Grade (%)
Measured	4.7	1.7 80	0.3 45	2.3 340	1.9
Indicated	19.7	1.7 330	0.2 154	2.6 1,600	1.9
TOTAL M&I	24.4	1.7 400	0.3 199	2.5 2,000	1.9
Inferred	34.6	1.7 600	0.3 348	3.1 3,400	2.0

1. FireFly Metals Ltd Resources for the Green Bay Copper-Gold Project, incorporating the Ming Deposit and Little Deer Complex, are reported in accordance with the JORC Code 2012 and NI 43-101.

2. Mineral Resources have been reported at a 1.0% copper cut-off grade.

3. Metal equivalents for the Mineral Resource Estimate has been calculated at a copper price of US$8,750/t, gold price of US$2,500/oz and silver price of US$25/oz. Metallurgical recoveries have been set at 95% for copper and 85% for both gold and silver. CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) + (Ag(g/t) x 0.00822).

4. Totals may vary due to rounding.

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APPENDIX B – Significant Intersection Table

Collar co-ordinates and orientation are listed in the local Ming Mine grid, which is rotated +35 degrees from NAD83 True North. Significant intersections reported are those above a 1% copper cut-off or 0.5g/t gold, and contain a maximum of 6 metres of internal waste. Please refer to the compliance statements for further details on parameters used in the copper equivalent calculation. All results are approximate true thickness.

Hole Number Easting Northing RL Azi Dip Drilled Length (m)	From (m) To (m) Width (m)	Assay CuEq % Cu % Aug/t Ag g/t Zn %
MUG24_077 995.8 1248.1 -610.1 121 -51 411	5.1 8.0 2.9	2.71 1.1 5.3 0.35 3.72
	73.0 77.0 4.0	1.60 0.2 2.9 0.03 1.78
	170.8 172.0 1.3	2.66 0.6 6.0 0.04 3.22
	217.0 222.8 5.8	1.00 0.0 1.9 0.02 1.05
	239.0 289.9 51.0	1.43 0.1 2.2 0.01 1.54
	255.5 263.8 8.3	1.98 0.1 2.8 0.01 2.10
	272.0 278.0 6.0	2.15 0.2 3.1 0.02 2.35
MUG24_078 1070.7 1384.0 -765.1 138 -54 330	100.0 106.0 6.0	1.46 0.1 1.9 0.03 1.54
	126.0 128.0 2.0	2.91 0.1 2.6 0.01 3.05
	145.0 146.5 1.4	1.35 0.2 1.6 0.01 1.49
	155.0 178.3 23.3	2.35 0.2 2.7 0.01 2.50
	207.8 220.1 12.3	2.24 0.4 2.9 0.01 2.56
MUG24_080 1070.7 1384.0 -765.1 233 -66 351	43.0 47.0 4.0	1.15 0.1 1.5 0.02 1.21
	63.0 68.0 5.0	1.42 0.1 2.6 0.11 1.57
	150.9 153.2 2.3	4.33 0.7 6.7 0.07 4.98
MUG24_081 995.8 1248.1 -610.1 127 -59 432	28.8 31.8 3.0	1.56 0.2 1.5 0.14 1.78
	40.0 45.0 5.0	1.18 0.2 1.7 0.04 1.35
	126.4 128.1 1.7	1.68 0.1 2.7 0.02 1.81
	142.0 144.0 2.0	2.61 0.1 4.0 0.04 2.77
	163.9 167.9 4.0	1.31 0.1 1.8 0.01 1.39
	173.5 175.5 2.0	1.37 0.1 1.5 0.04 1.44

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Hole Number Easting Northing RL Azi Dip Drilled Length (m)	From (m) To (m) Width (m)	Assay CuEq % Cu % Aug/t Ag g/t Zn %
MUG24_081 995.8 1248.1 -610.1 127 -59 432	193.3 260.0 66.8	2.03 0.1 1.8 0.01 2.13
	196.7 210.0 13.3	3.31 0.2 2.9 0.02 3.46
MUG24_084 995.8 1248.1 -610.8 102 -62 459 including	1.5 2.8 1.3	2.05 0.4 3.1 0.31 2.46
	7.5 8.8 1.3	1.09 0.3 2.5 0.16 1.35
	44.0 46.0 2.0	1.43 0.3 1.3 0.06 1.65
	108.0 111.2 3.2	1.72 0.2 1.6 0.04 1.88
	114.5 118.4 3.8	2.43 0.2 2.4 0.06 2.59
	124.0 129.0 5.0	1.95 0.2 1.8 0.01 2.09
	154.7 156.3 1.6	2.54 0.1 2.6 0.05 2.68
	160.3 165.3 4.9	1.09 0.2 1.2 0.01 1.25
	226.6 229.6 3.0	1.60 0.1 1.8 0.01 1.67
	239.6 282.4 42.8	2.15 0.1 2.2 0.01 2.22
	239.6 257.4 17.9	3.07 0.1 2.9 0.02 3.16
	334.0 336.0 2.0	1.82 0.1 2.5 0.01 1.94
MUG24_086 995.8 1248.1 -610.1 104 -70 521	0.0 3.8 3.8	1.32 0.3 2.8 0.31 1.66
	95.8 102.5 6.7	0.90 0.1 1.4 0.04 1.03
	121.2 123.1 1.9	1.92 0.3 3.1 0.02 2.18
	160.4 173.7 13.3	1.36 0.1 2.9 0.02 1.49
	222.1 234.0 11.9	1.77 0.1 1.6 0.02 1.87
	239.6 270.6 31.0	1.86 0.1 1.8 0.01 1.95
	296.1 298.8 2.7	2.20 0.2 2.6 0.02 2.42
	318.3 331.2 13.0	1.36 0.2 1.3 0.01 1.51
	384.1 391.3 7.2	1.36 0.0 1.1 0.01 1.39
	408.9 410.7 1.8	1.68 0.0 1.5 0.01 1.73
MUG24_090 995.8 1248.1 -610.1 98 -55 376	2.6 9.0 6.5	1.78 0.3 4.5 0.35 2.16
	82.0 84.0 2.0	1.10 0.5 0.9 0.01 1.47
	244.0 254.0 10.0	1.60 0.2 2.0 0.02 1.76
	271.1 274.0 2.9	2.57 0.3 4.4 0.02 2.82

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Hole Number Easting Northing RL Azi Dip Drilled Length (m)	From (m) To (m) Width (m)	Assay CuEq % Cu % Aug/t Ag g/t Zn %
MUG24_090 Continued	280.0 290.0 10.0	2.21 0.1 3.3 0.02 2.35
	342.0 348.0 6.0	1.54 0.1 3.2 0.04 1.70
MUG24_091 995.8 1248.1 -610.1 133 -53 396 Including	94.2 108.2 14.1	1.22 0.1 0.9 0.03 1.33
	116.2 125.0 8.8	1.07 0.1 0.9 0.02 1.15
	170.2 171.8 1.6	1.34 0.1 1.8 0.01 1.41
	207.8 258.7 50.9	2.49 0.2 2.3 0.02 2.64
	212.8 230.1 17.3	3.49 0.3 3.6 0.02 3.74
	318.0 322.6 4.6	1.16 0.1 1.2 0.01 1.25
MUG24_094 995.8 1,248.1 - 610.1 162 -58 420	35.5 37.5 2.0	1.44 0.1 1.8 0.07 1.56
	62.5 66.5 4.0	1.57 0.1 2.0 0.07 1.65
	90.1 101.1 11.0	1.40 0.2 2.3 0.08 1.57
	120.3 132.0 11.7	1.38 0.1 1.9 0.04 1.47
	159.9 164.9 5.0	1.13 0.1 1.3 0.05 1.24
MUG24_096 1066.6 1385.0 -764.9 213 -52 309	61.2 64.0 2.8	1.33 0.1 2.2 0.29 1.48
	83.2 87.2 4.0	1.20 0.1 2.1 0.02 1.33
MUG24_097 995.8 1248.1 -610.1 148 -64 444	69.6 71.6 2.0	1.15 0.1 1.0 0.07 1.22
	76.2 78.7 2.5	1.75 0.2 1.7 0.06 1.91
	88.8 94.6 5.8	2.10 0.9 4.6 0.04 2.84
	136.3 141.2 4.8	2.19 0.2 2.8 0.04 2.38
	162.6 167.7 5.1	1.16 0.1 1.6 0.02 1.22
	172.6 180.9 8.3	1.69 0.1 2.2 0.02 1.79
	191.1 194.1 3.0	2.12 0.1 2.6 0.02 2.25
	273.9 286.9 13.1	1.37 0.1 1.2 0.01 1.42
	294.4 296.4 2.0	2.01 0.1 2.3 0.02 2.11
	396.4 403.9 7.5	2.59 0.0 3.0 0.02 2.64
	427.0 439.8 12.8	1.28 0.1 1.7 0.02 1.35
MUG24_099 1066.1 1385.0 -765.0 195 -72 351	40.1 43.1 3.1	1.71 0.2 2.0 0.04 1.86
	73.7 78.9 5.2	1.47 0.1 2.2 0.05 1.57

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Hole Number Easting Northing RL Azi Dip Drilled Length (m)	From (m) To (m) Width (m)	Assay CuEq % Cu % Aug/t Ag g/t Zn %
MUG24_099 Continued	105.7 121.5 15.9	1.45 0.1 1.6 0.02 1.52
	223.5 228.9 5.5	1.76 0.1 2.0 0.01 1.83
	236.9 244.0 7.1	1.75 0.0 1.8 0.02 1.79
	270.3 273.3 3.1	2.43 0.1 2.0 0.01 2.49
MUG24_100 1259.9 1966.6 -845.1 160 -85 28	No significant assays – hole abandoned due to deviation
MUG24_101 995.8 1248.1 -610.1 153 -81 432	1.5 4.1 2.7 1.21 0.2 2.5 0.41 1.45
	29.2 33.1 4.0 3.50 0.2 4.5 0.31 3.71
	43.5 52.2 8.7 1.79 0.1 2.3 0.09 1.92
	89.2 93.1 3.8 1.66 0.2 2.8 0.10 1.86
	98.1 112.9 14.9 1.35 0.1 2.0 0.06 1.45
	126.8 130.3 3.6 1.32 0.1 1.4 0.01 1.41
	160.6 171.0 10.4 1.11 0.1 1.4 0.01 1.20
MUG24_102 1140.0 1973.4 -844.0 186 -49 276	190.5 205.0 14.5 3.44 1.3 7.5 0.18 4.56
	213.1 226.1 13.1 2.09 0.2 2.4 0.11 2.31
MUG24_103 1259.9 1966.6 -845.1 160 -85 603	432.9 445.0 12.1 1.32 0.1 0.9 0.02 1.39
	457.0 481.1 24.1 1.47 0.1 1.1 0.01 1.57
MUG24_104 1066.6 1385.0 -765.0 268 -76 336	No significant assays – hole abandoned due to deviation
MUG24_105 995.8 1248.1 -610.1 140 -46 194	2.6 6.0 3.4 1.29 0.4 3.6 0.34 1.66
	46.6 49.6 3.0 2.57 0.3 3.1 0.08 2.82
	99.3 111.0 11.7 1.96 0.2 1.8 0.03 2.11
	133.5 138.5 5.0 1.24 0.1 1.4 0.03 1.35
	156.7 160.7 4.0 2.10 0.3 3.4 0.06 2.41
	169.2 178.7 9.5 2.26 0.3 3.2 0.04 2.55
MUG24_106 1140.0 1973.4 -844.0 186 -36 282	196.5 205.5 9.0 4.45 1.2 13.0 0.18 5.53
MUG24_107 1085.9 2090.2 -868.4 182 -4 9	No significant assays – hole abandoned due to deviation
MUG24_108 1044.0 1092.7 -522.5 153 -44 354	49.0 52.0 3.1 1.86 0.7 5.6 0.27 2.53
	161.0 179.0 18.0 1.67 0.1 1.7 0.01 1.77
	192.0 233.0 41.0 1.20 0.1 1.2 0.02 1.28

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Hole Number Easting Northing RL Azi Dip Drilled Length (m)	From (m) To (m) Width (m)	Assay CuEq % Cu % Aug/t Ag g/t Zn %
MUG24_108 Continued	250.0 252.9 2.9	2.29 0.1 1.8 0.02 2.37
	306.0 308.0 2.0	1.40 0.0 1.6 0.01 1.44
MUG24_109 1140.0 1973.4 -844.0 185 -26 15	No significant assays – hole abandoned due to collar deviation
MUG24_110 1140.0 1973.4 -844.0 185 -26 309 Including	183.1 185.2 2.1 3.80 5.5 14.1 0.24 8.46
	203.7 213.9 10.3 3.00 0.8 6.8 0.08 3.74
	231.6 269.6 38.0 1.87 0.2 2.3 0.03 2.07
	231.6 239.4 7.8 5.61 0.5 7.2 0.06 6.07
	283.2 286.8 3.7 2.41 0.3 2.0 0.26 2.74
	304.1 307.1 3.0 1.16 0.2 0.9 0.01 1.30
MUG24_111 1124.7 1533.5 -811.6 130 -79 399 Including Including	8.5 21.0 12.5 1.99 0.3 1.8 0.02 2.23
	61.0 63.4 2.4 1.05 0.2 1.8 0.02 1.22
	108.0 114.0 6.0 1.86 0.2 2.6 0.02 2.06
	134.8 141.8 7.0 1.79 0.3 2.1 0.01 2.07
	162.0 177.5 15.5 1.70 0.4 2.4 0.01 2.06
	205.2 252.0 46.8 2.08 0.2 2.5 0.01 2.23
	214.0 222.0 8.0 3.46 0.3 4.4 0.02 3.74
	246.0 251.0 5.0 3.51 0.1 3.3 0.01 3.64
MUG24_112 1085.9 2090.2 -868.4 182 -4 15	No significant assays – hole abandoned due to collar deviation
MUG24_113 1085.9 2090.2 -868.4 184 -78 58	No significant assays – hole abandoned due to deviation
MUG24_114 1140.0 1973.4 -844.0 240 -81 312	225.0 244.0 19.0 2.89 1.0 7.6 0.14 3.82
MUG24_115 1044.0 1092.7 -522.5 161 -37 372	48.4 50.0 1.7 1.42 0.4 3.4 0.21 1.78
	141.0 143.0 2.0 2.49 0.2 3.2 0.02 2.65
	164.0 170.0 6.0 1.98 0.1 1.4 0.02 2.10
	178.1 188.0 9.9 1.79 0.1 1.3 0.01 1.93
	202.4 209.0 6.7 2.26 0.1 1.8 0.02 2.36
	214.0 229.8 15.8 1.41 0.1 1.2 0.02 1.53
	287.0 293.0 6.0 1.24 0.2 1.0 0.01 1.40
MUG24_116 1085.9 2090.2 -868.4 183 -16 378	261.2 264.6 3.4 4.78 0.4 8.4 0.13 5.17

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Hole Number Easting Northing RL Azi Dip Drilled Length (m)	From (m) To (m) Width (m)	Assay CuEq % Cu % Aug/t Ag g/t Zn %
MUG24_116 Continued	271.6 273.6 2.0	1.64 0.4 2.4 0.05 1.97
MUG24_117 1125.0 1533.5 -811.6 130 -86 420	12.4 14.5 2.1	1.24 0.2 1.8 0.02 1.40
	112.1 136.7 24.6	1.28 0.1 1.7 0.01 1.41
	161.1 167.0 5.9	1.88 0.3 3.6 0.02 2.17
	196.3 214.7 18.4	2.25 0.1 2.8 0.02 2.39
	239.4 266.6 27.2	2.18 0.1 3.2 0.01 2.27
	271.0 273.0 2.0	2.38 0.3 3.7 0.01 2.68
MUG24_119 1044.0 1092.7 -522.5 157 -67 223	51.0 54.7 3.7	1.79 0.6 3.0 0.19 2.30
	136.7 139.4 2.7	2.10 0.2 2.4 0.03 2.28
	155.0 180.6 25.6	2.21 0.2 2.1 0.03 2.36
	206.0 223.5 17.5	1.08 0.2 0.8 0.01 1.27
MUG24_120 1160.2 2129.6 -862.3 5 -78 135	No significant assays – hole abandoned due to deviation
MUG24_121 1140.0 1973.4 -844.0 210 -66 264	198.6 204.9 6.3 3.04 0.9 4.9 0.11 3.85
	215.0 218.0 3.0 1.19 0.1 1.5 0.10 1.32
MUG24_122 1124.7 1533.5 -811.6 207 -69 399	24.4 30.4 6.0 1.59 0.3 1.9 0.13 1.87
	124.7 128.3 3.7 1.79 0.1 2.4 0.02 1.93
	142.3 151.2 8.9 1.86 0.1 2.3 0.04 2.00
	154.5 161.0 6.5 1.32 0.1 1.5 0.03 1.41
	257.0 262.0 5.0 1.55 0.1 2.3 0.02 1.64
	278.0 280.0 2.0 1.49 0.1 1.9 0.02 1.58
	385.0 387.0 2.1 1.22 0.1 2.4 0.02 1.29
MUG24_123 1044.0 1092.7 -522.5 157 -64 330 Including	52.4 55.6 3.2 1.18 0.2 2.2 0.02 1.37
	134.0 137.3 3.3 1.65 0.2 1.7 0.03 1.82
	152.9 174.5 21.7 2.56 0.2 2.4 0.04 2.72
	152.9 158.0 5.2 5.03 0.3 5.1 0.07 5.30
	198.0 201.0 3.0 1.24 0.1 1.4 0.02 1.33
	211.0 225.0 14.0 1.54 0.1 1.4 0.01 1.65
	242.0 249.0 7.1 1.29 0.0 1.1 0.01 1.34

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Hole Number Easting Northing RL Azi Dip Drilled Length (m) From (m) To (m) Width (m)	Assay CuEq % Cu % Aug/t Ag g/t Zn %
MUG24_123 Continued 300.0 304.0 4.0	1.20 0.0 1.4 0.01 1.25
MUG24_124 1160.2 2129.6 -862.3 0 -78 747 Step out hole – Awaiting Assays
MUG24_125 1140.0 1973.4 -844.0 203 -54 270 184.4 198.5 14.2 5.72 2.0 9.6 0.17 7.49

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APPENDIX C – JORC CODE, 2012 EDITION

Table 1

Section 1 - Sampling Techniques and Data (Criteria in this section apply to all succeeding sections)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Sampling	•	Nature and quality of sampling (eg cut	•	This deposit is sampled by diamond drilling (DD)
techniques		channels, random chips, or specific		drilling completed by FireFly and by previous
		specialised industry standard		operators. A total of 1,387 drillholes for a total of
		measurement tools appropriate to the		269,745m at depths ranging from 10 to 1,771m.
		minerals under investigation, such as		Included within these figures, FireFly drilled 138 DD
		down hole gamma sondes, or handheld		(67,005m at 21 March 2025).
		XRF instruments, etc). These examples	•	DD sample intervals are based on geological
		should not be taken as limiting the		observations. All the core is sampled in 1m
		broad meaning of sampling.		intervals with some smaller samples down to
	•	Include reference to measures taken to		minimum core length of 0.3m to accommodate
		ensure sample representivity and the		geological and mineralisation contacts. Half NQ
		appropriate calibration of any		diamond drill core was submitted for analysis.
		measurement tools or systems used.	•	DD sampling by previous operators assumed to
	•	Aspects of the determination of		be to industry standard at that time.
		mineralisation that are Material to the	The following is a summary of the core sampling
		Public Report.		procedure:
	•	In cases where ‘industry standard’ work	•	All sample collection, core logging, and specific
		has been done this would be relatively simple (eg ‘reverse circulation drilling		gravity determinations were completed by FireFly under the supervision of a professionally qualified
		was used to obtain 1m samples from		registered geologist.
		which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other	•	NQ core was marked for splitting during logging and is sawn using a diamond core saw with a
		cases, more explanation may be		mounted jig to assure the core is cut lengthwise
		required, such as where there is coarse		into equal halves. Whole core sampling was used
		gold that has inherent sampling		for BQ core.
		problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of	• •	Half of the cut core is placed in clean individual plastic bags with the appropriate sample tag. QA/QC samples are inserted into the sample
		detailed information.		stream at prescribed intervals.
			•	The samples are then placed in rice bags for
				shipment to the offsite laboratory’s facility.
			•	The remaining half of the core is retained and
				incorporated into FireFly’s secure core library
				located on the property.
			•	FireFly drill analysis was completed at ISO-certified
				Eastern Analytical laboratories. The samples are
				dried, crushed, and pulverised. Samples are
				crushed to approximately -10 mesh and split using
				a riffle splitter to approximately 300 g. A ring mill is
				used to pulverize the sample split to 98% passing -
				150 mesh. Sample pulps and rejects are picked up
				at Eastern by FireFly staff and returned directly to
				the Project site. Sample rejects are securely stored
				at the FireFly site.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Drilling	•	Drill type (eg core, reverse circulation,	•	Historic diamond drilling was predominately NQ
techniques		open-hole hammer, rotary air blast,		(47.8 mm diameter) with some BQ(36mm) where
		auger, Bangka, sonic, etc) and details		grade control programs.
		(eg core diameter, triple or standard	•	FireFly diamond drilling exclusively NQ (47.8 mm
		tube, depth of diamond tails, face-		diameter) size with core oriented by REFLEX ACT III
		sampling bit or other type, whether core		core orientation tool.
		is oriented and if so, by what method,
		etc).
Drill sample	•	Method of recording and assessing core	•	Historic diamond drilling was predominately NQ
recovery		and chip sample recoveries and results		(47.8 mm diameter) with some BQ(36mm) where
		assessed.		grade control programs. FireFly diamond drilling
	•	Measures taken to maximise sample		exclusively NQ (47.8 mm diameter) size with core
		recovery and ensure representative		oriented by REFLEX ACT III core orientation tool.
		nature of the samples.	•	All care is taken to ensure the full recovery of the
	•	Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	•	core, yet certain drilling conditions, such as broken ground, can impede 100% recovery. There is no known relationship between sample recovery and grade. Drilling conditions have been noted to be competent in historical reports. FireFly core recovery averages >95%.
Logging	•	Whether core and chip samples have	The following steps are completed during the core
		been geologically and geotechnically	logging procedure:
		logged to a level of detail to support	•	Sample security and chain of custody start with
		appropriate Mineral Resource		the removal of core from the core tube and boxing
		estimation, mining studies and		of drill core at the drill site.
		metallurgical studies.	•	The boxed core remains under the custody of the
	•	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	•	drill contractor until it is transported from the drill to the secure onsite core facility. Core boxes are opened and inspected to ensure
	•	The total length and percentage of the		correct boxing and labelling of the core by the drill
		relevant intersections logged.		contractor.
			•	The core is meter marked, cleaned and oriented
				with the orientation line drawn using the marks
				form REFLEX ACT III core orientation tool.
			•	The drill core is geologically logged,
				photographed, and then marked and tagged for
				sampling and splitting.
			•	Core logging describes variations in lithology,
				alteration, and mineralisation.
			•	Data associated with core logging and related
				assay results and other downhole information
				including orientation surveys are recorded in the
				AcQuire database system.
			•	Measured parameters include structural
				orientation with respect to core axis, lost core as a
				percentage of recovered length, and fracture
				density which are determined by the intensity and
				thickness of mineralisation at specific intervals.
			•	Each core sample is assigned a tag with a unique
				identifying number. Sample lengths are typically
				one metre but can be smaller depending on zone
				mineralogy and boundaries.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
			•	Sample core that is not mineralised is marked in
				1.0 metre lengths.
			•	Wing samples are marked at 0.5 metres and
				sampled at the extremities of mineralised intervals
				to ensure anomalous grades do not continue into
				the surrounding wall rock.
			•	100% of the core is logged.
Sub-sampling	•	If core, whether cut or sawn and	•	FireFly drilling is NQ. A single drillhole was
techniques and		whether quarter, half or all core taken.		completed with a BQ tail.
sample	•	If non-core, whether riffled, tube	•	For NQ diameter the core was sawn in half
preparation		sampled, rotary split, etc and whether		following a sample cutting line determined by
		sampled wet or dry.		geologists during logging and submitted for
	•	For all sample types, the nature, quality		analysis on nominal 1m intervals or defined by
		and appropriateness of the sample		geological boundaries determined by the logging
		preparation technique.		geologist.
	•	Quality control procedures adopted for	•	Historic diamond drilling has been half core
		all sub-sampling stages to maximise		sampled.
		representivity of samples.	•	Samples are dried at approximately 60°C ,
	•	Measures taken to ensure that the		crushed and pulverised. Samples are crushed in a
		sampling is representative of the in-situ		Rhino jaw crusher to approximately 80% -10mesh,
		material collected, including for		and split using a riffle splitter to approximately
		instance results for field		250-300g. The remainder of the sample is bagged,
		duplicate/second-half sampling.		labelled and stored as coarse reject. A ring mill is
	•	Whether sample sizes are appropriate to the grain size of the material being sampled.		used to pulverise the sample split to 95% passing - 150 mesh. Sample pulps are picked up at Eastern Analytical by FireFly staff and returned directly to the Project site.
			•	For pre-FireFly samples, sample preparation,
				analytical procedures and QA/QC used on the
				property were reviewed by independent
				consultants WSP in 2018, stating in their report that
				sampling practices meet industry standards and
				display acceptable levels of accuracy and
				precision.
			•	All core sampled in the prospective intervals when
				required wing samples are marked from 0.5
				metres up to 5m and sampled at the extremities
				of mineralised intervals to ensure anomalous
				grades do not continue into the surrounding wall
				rock.
			•	No purpose lab audit has been completed. FireFly
				personnel have visited the Eastern analytical
				facilities on several occasions and observed that
				lab practices and equipment overall cleanliness
				meet industry standards.
			•	Pre-FireFly BQ core was entirely crushed for the
				assays.
			•	Field duplicates were completed using ¼ core and
				inserted into the sample series at a rate of 2% of
				samples. Analysis results were acceptable
				consideringthe style of mineralisation being

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				heterogeneous with stockwork stringers of
				chalcopyrite.
Quality of assay	•	The nature, quality and appropriateness	•	All FireFly and Rambler Metals and Mining PLC
data and		of the assaying and laboratory		(Rambler) results reported in this announcement
laboratory tests		procedures used and whether the		were analysed by Eastern Analytical in Springdale,
		technique is considered partial or total.		NL.
	•	For geophysical tools, spectrometers,	•	34 elements were determined by Inductively
		handheld XRF instruments, etc, the		Coupled Plasma (ICP). A 200mg subsample is
		parameters used in determining the		totally dissolved in four acids and analysed by
		analysis including instrument make and		ICP-OES.
		model, reading times, calibrations	•	Ore grade elements, Cu, Zn, Pb, Fe and Ag are
		factors applied and their derivation, etc.		dissolved via 3 acid digestion and analysed by
	•	Nature of quality control procedures		atomic adsorption (AA).
		adopted (eg standards, blanks, duplicates, external laboratory checks)	•	Gold assays were determined by fire assay with atomic adsorption finish.
		and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	•	As part of the QA/QC program duplicate, blank and Certified Reference Material (CRM) samples are inserted alternately. Blanks are inserted one
				every 50 samples. CRMs are inserted every 20
				samples. Field duplicates are taken approximately
				one every 40 samples. Blanks and CRMs are also
				randomly inserted in zones of suspected high
				grades. The minimum insertion rate for CRMs is 5%,
				which FireFly adheres to. Historical data collected
				by Rambler was also subject to a similar rigorous
				QA/QC regime.
			•	In addition to the Company QAQC samples
				(described earlier) included within the batch the
				laboratory included its own CRMs (Certified
				Reference Materials), blanks and duplicates.
			•	Sample assay results continue to be evaluated
				through control charts, log sheets, sample logbook
				and signed assay certificates to determine the
				nature of any anomalies or failures and failures
				were re-assayed at the laboratory.
Verification of	•	The verification of significant	•	FireFly routinely sends sample pulps for
sampling and		intersections by either independent or		independent umpire lab check to SGS laboratory
assaying		alternative company personnel.		in Burnaby. Results correlate very well with Eastern
	•	The use of twinned holes.		Analytical results.
	•	Documentation of primary data, data	•	There are no purpose twinned holes in the dataset
		entry procedures, data verification, data		but a comparison of the results of different drilling
		storage (physical and electronic)		generations showed that results were
		protocols.		comparable.
	•	Discuss any adjustment to assay data.	•	FireFly logging data, assay certificates and other
				relevant information are stored in an AcQuire
				database and on a site server.
			•	All pre-FireFly logging data was completed, core
				marked up, logging and sampling data was
				entered directly into an MX deposit or Fusion
				database.
			•	FireFly is not aware of any adjustments made by
				Rambler to the assaydata. WSP completed an

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				independent audit in 2018 where a representative
				number of assay certificates were compared to
				digital assay database and no discrepancies were
				found.
Location of data	•	Accuracy and quality of surveys used to	•	Drill collars were surveyed by the FireFly mine
points		locate drill holes (collar and down-hole		survey crew upon completion of the drill program.
		surveys), trenches, mine workings and	•	The set-ups for the underground drill collars were
		other locations used in Mineral Resource		marked by the FireFly mine survey crew, and the
		estimation.		drilling contractor was expected to set up properly
	•	Specification of the grid system used.		on line. A FireFly geologist checked the
	•	Quality and adequacy of topographic		underground drill set-up during the drilling
		control.		program to ensure accuracy.
			•	Downhole surveys are completed using a Reflex
				Sprint IQ gyro multi-shot instrument to provide
				azimuth and dip reading down the hole. The Reflex
				Sprint IQ gyro instrument is calibrated at least
				once a year to ensure accuracy of results.
			•	Previous drilling has been set-out and picked up in
				both national and local grids using a combination
				of GPS and Survey instruments and are assumed
				to be to industry standards. Directional surface
				holes completed using Devico® technology.
			•	The underground development has been picked
				up by surveyors creating high confidence in the
				topographic control which drillholes, both
				historical and recent, are referenced against.
			•	Collar coordinates are recorded in local mine grid.
				Survey data was collected in mine grid and in UTM
				grid (NAD83 Zone 21).
			•	Topographic control is from Digital Elevation
				Contours (DEM) 2019 and site surveyed DGPS
				pickups.
Data spacing and	•	Data spacing for reporting of Exploration	•	Spacing for the exploration data reported in this
distribution		Results.		release is variable. Most of the results are infill
	•	Whether the data spacing, and		drilling, and intersections are typically less than
		distribution is sufficient to establish the		90m from another drillhole.
		degree of geological and grade	•	The data spacing and distribution is considered
		continuity appropriate for the Mineral		sufficient to establish geological and/or grade
		Resource and Ore Reserve estimation		continuity.
		procedure(s) and classifications	•	The data will be incorporated into future Mineral
		applied.		Resource updates. Appropriate Mineral Resource
	•	Whether sample compositing has been		classifications will be applied at that time.
		applied.	•	Core is sampled to geology contacts; sample
				compositing is not applied until the estimation
				stage.
Orientation of	•	Whether the orientation of sampling	•	Underground drill hole orientation for FireFly holes
data in relation to		achieves unbiased sampling of possible		reported in this announcement was sub-
geological		structures and the extent to which this is		perpendicular to the mineralisation. Mineralised
structure		known, considering the deposit type.		intersections are approximate true width.
	•	If the relationship between the drilling	•	Historically this has been variable in places where
		orientation and the orientation of key		low angle drilling to the mineralisation has been
		mineralised structures is considered to

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		have introduced a sampling bias, this		completed in zones without suitable drilling
		should be assessed and reported if		platforms.
		material.
Sample security	•	The measures taken to ensure sample	•	Core was placed in wooden core boxes close to
		security.		the drill rig by the drilling contractor. The core was
				collected daily by the drilling contractor and
				delivered to the secure core logging facility on the
				Ming Mine site. Access to the core logging facility
				is limited to FireFly employees or designates.
Audits or reviews	•	The results of any audits or reviews of	•	Regular reviews of DD sampling techniques are
		sampling techniques and data.		completed by Senior Geologists and Resource
				Geologists and conclude that sampling
				techniques are satisfactory and industry
				standard.
			•	All recent FireFly sample data has been extensively
				QAQC reviewed internally and externally.
			•	Pre FireFly data audits were conducted as part of
				NI-43-101 resource estimation by independent
				consultants WSP in 2018. It was WSP’s opinion that
				the drilling, sampling and logging procedures put
				in place by Rambler met acceptable industry
				standards and that the information can be used
				for geological and resource modelling.

Section 2 - Reporting of Exploration Results (Criteria in this section apply to all succeeding sections)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral tenement	•	Type, reference name/number, location	•	FireFly owns a mineral land assembly consisting of
and land tenure		and ownership including agreements or		one map-staked mineral license (023175M) and
status		material issues with third parties such		two mining leases (141L and 188L) totalling 955.4
		as joint ventures, partnerships,		ha and registered in the name of FireFly Metals
		overriding royalties, native title interests,		Canada Limited, a wholly owned subsidiary of
		historical sites, wilderness or national		FireFly Metals Limited. All of these mineral lands
		park and environmental settings.		are contiguous and, in some cases, overlapping
	•	The security of the tenure held at the		and are located in the area of the former Ming
		time of reporting along with any known		and Ming West mines. In early 2015 the mineral
		impediments to obtaining a license to		license 023175M replaced the original license
		operate in the area.		014692M by claim reduction as requested by
				Rambler. All lands are in good standing with the
				Provincial Government, and FireFly is up to date
				with respect to lease payments (for leases) and
				required exploration expenditure (for licenses).
			•	FireFly holds all the permits required to operate
				the Ming Mine at its historic production rate.
Exploration done	•	Acknowledgment and appraisal of	•	Ming Mine Early History: Auriferous sulphides and
by other parties		exploration by other parties.		copper were found in the area in 1905 by Enos
				England.
			•	The Main Mine sulphide zone was found in 1935
				about 600ft north of the Enos England discovery. In
				1940, the Newfoundland government drilled 18
				diamond drill holes totalling 5,000ft.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
			•	An airborne electromagnetic survey was flown
				from 1955 to 1956.
			•	The Ming Mine was discovered in 1970 by a
				helicopter borne AEM system. A large low grade
				stringer type copper deposit was later discovered
				in the footwall 300ft to 500ft below the Ming
				orebody during mining operations and delineated
				by 36 diamond drill holes. Mining ceased at the
				Ming Mine in 1982 because of low copper prices.
			•	In 1988, the property was awarded to the Rambler
				Joint Venture Group (a Consortium of Teck
				Exploration, Petromet Resources Ltd, and
				Newfoundland Exploration Company Ltd).
				Exploration consisted of ground geophysics and
				soil geochemistry, resulting in discovery of the
				Ming West deposit. 48 diamond drill holes
				(25,534ft) were completed.
			•	Altius Minerals Corporation: Under the terms of an
				option to purchase agreement with Ming Minerals,
				Altius conducted exploration on the Rambler
				property in 2001, 2003, and 2004. In 2001, a litho-
				geochemical program was initiated to chemically
				fingerprint rocks of the hanging wall and footwall
				to the sulphide deposits.
			•	Rambler Metals and Mining PLC: Rambler Metals
				and Mining is a UK-based company listed on
				London’s Alternate Investment Market (AIM).
				Rambler held a 100% interest in the Ming property
				and between 2005 and 2023 and conducted a
				multi-phase diamond drilling program consisting
				of surface drilling, directional drilling, and
				underground delineation drilling. A total of
				220,704m from 1,365 diamond drill holes were
				completed by Rambler. Between 2012 and 2022
				the Ming mine produced 3Mt at 1.86% Cu and 0.71%
				Au for total of 55Kt of copper and 68Koz of gold.
			•	The Ming mine was placed on care and
				maintenance in February 2023.
			•	In October 2023, AuTECO Minerals Ltd (now FireFly
				Metals Ltd) acquired the project from the
				administrator.
			•	FireFly conducted drilling to test down plunge
				extent of VMS lodes.
			•	An underground exploration drive is in progress to
				allow further drilling at more favourable drill
				angles.
Geology	•	Deposit type, geological setting and	•	The Green Bay project is a Noranda-type
		style of mineralisation.		Volcanogenic Massive Sulfide (VMS) hosted by
				Cambrian-Ordovician metavolcanic and
				metasedimentary rocks of the Pacquet Harbour
				Group. The style of mineralisation, alteration, host
				rock, and tectonism most closely resembles other
				VMS deposits throughout the world. The deposit

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Criteria	JORC Code explanation	JORC Code explanation	JORC Code explanation	Commentary	Commentary
					consists of several individual massive sulphide
					lens and their underlying stockwork zones. It is
					thought that the stockwork zone represents the
					near surface channel ways of a submarine
					hydrothermal system and the massive sulphide
					lens represents the accumulation of sulphides
					precipitated from the hydrothermal solutions, on
					the sea floor, above and around the discharge
					vent. The Ming deposits are polymetallic (Cu, Au,
					Ag ± Zn) massive sulphides that occur along the
					flank of a felsic dome. The Ming deposits have
					undergone strong deformation and upper
					greenschist to amphibolite facies metamorphism.
					The massive sulphide bodies are now thin and
					elongate down the plunge of the regional lineation
					(30-35ºNE). Typical aspect ratios of length down-
					plunge to width exceed 10:1, and the bodies exhibit
					mild boudinage along the plunge. The foot wall
					stock work comprises mainly of quartz-sericite-
					chlorite schist, which hosts disseminated and
					stringer pyrite and chalcopyrite with minor
					sphalerite, galena, and pyrrhotite with locally
					significant gold contents that could represent a
					discordant stockwork stringer feeder zone. The
					mineralisation is crosscut by younger mafic dykes.
Drill hole	•	A	summary of all information material	•	Refer to Appendix B in this announcement
Information		to the understanding of the exploration
		results including a tabulation of the
		following information for all Material drill
		holes:
		o	easting and northing of the drill hole
			collar
		o	elevation or RL (Reduced Level –
			elevation above sea level in meters)
			of the drill hole collar
		o	dip and azimuth of the hole
		o	down hole length and interception
			depth
		o	hole length.
	•	If the exclusion of this information is
		justified on the basis that the
		information is not Material and this
		exclusion does not detract from the
		understanding of the report, the
		Competent Person should clearly
		explain why this is the case.
Data aggregation	•	In	reporting Exploration Results,	•	All drill hole intersections are reported above a
methods		weighting averaging techniques,			lower cut-off grade of 1% copper or 0.5g/t gold. A
		maximum and/or minimum grade			maximum of 6m of internal waste was allowed.
		truncations (eg cutting of high grades)		•	For samples of varying lengths, a length-weighted
		and cut-off grades are usually Material			average is applied for the reported intersection.
		and should be stated.			The formula is ((Cu grade % x sample
					length)/Total Interval Width). The weighted

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
	•	Where aggregate intercepts		average of the intersection must exceed the cut-
		incorporate short lengths of high-grade		off grades stated above. Minimum sampling
		results and longer lengths of low-grade		interval of 0.5m is enforced. Geological contacts
		results, the procedure used for such		are enforced in sampling and frequently provide
		aggregation should be stated and		boundaries for intersections due to grade
		some typical examples of such		associated with varying lithotypes. Maximum
		aggregations should be shown in detail.		internal dilution of 6m below the cut-off grade is
	•	The assumptions used for any reporting		incorporated into the reported intersections,
		of metal equivalent values should be		stopping smearing of narrow high grades over
		clearly stated.		broad distances. Consideration is also given to
				potential minimum mining widths as part of the
				test for prospects of eventual economic
				extraction.
			•	An example of the calculation is from hole
				MUG24_060, from 191.7m:
				Sample 1: Length - 0.5m; Grade - 1.8% Cu
				Sample 2: Length - 0.75m; Grade – 0.08% Cu
				Sample 3 Length – 1.05m; Grade – 2.02% Cu
				Sample 4: Length – 1.05m; Grade – 2.42% Cu
				Sum of Lengths / Intersection width - 3.35m
				Intersection grade is:
				((0.5x1.8) + (0.75x0.08) + (1.05x2.02) +
				(1.05x2.42))/3.35 = 1.68%
				The competent person determined to include of
				the 0.75m @ 0.08% Cu in the intersection because
				in a mining scenario, it is unlikely that this internal
				dilution could be separated.
			•	Metal equivalents for the drilling at the Green Bay
				Project have been calculated at a copper price of
				US$8,750/t, gold price of US$2,500/oz, silver price
				of US$25/oz and zinc price of $2,500/t. Individual
				grades for the metals are set out at Appendix B of
				this announcement.
			•	The following metallurgical recovery factors have
				been applied to the calculation of metal
				equivalents:
				- Copper: 95%
				- Gold/Silver: 85%
				- Zinc: 50%
			•	Recovery factors applied are based on historical
				processing of Ming ore at Nugget Pond and future
				processing plant configurations based on
				historical metallurgical test work.
			•	It is the Company’s view that all elements in the
				copper equivalent calculation have a reasonable
				potential to be recovered and sold.
			•	Copper equivalent was calculated based on the
				formula CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) +
				(Ag(g/t) X 0.00822) + (Zn(%) x 0.15038)

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Relationship	•	These relationships are particularly	•	All intersections reported in the body of this
between		important in the reporting of Exploration		announcement are down hole, however they
mineralisation		Results.		approximate the true thickness of mineralisation.
widths and	•	If the geometry of the mineralisation	•	The majority of the drill holes in the database are
intercept lengths		with respect to the drill hole angle is		drilled as close to orthogonal to the plane of the
		known, its nature should be reported.		mineralized lodes as possible. A number of drill
	•	If it is not known and only the down hole		holes have intersected the mineralisation at high
		lengths are reported, there should be a		angles.
		clear statement to this effect (eg ‘down	•	Only down hole lengths are reported.
		hole length, true width not known’).
Diagrams	•	Appropriate maps and sections (with	•	Maps and sections are included in the body of this
		scales) and tabulations of intercepts		announcement as deemed appropriate by the
		should be included for any significant		competent person.
		discovery being reported These should	•	Plan view of drill holes reported in this
		include, but not be limited to a plan view		announcement is presented following this table.
		of drill hole collar locations and
		appropriate sectional views.
Balanced	•	Where comprehensive reporting of all	•	All significant assays (above a 1% copper or 0.5g/t
reporting		Exploration Results is not practicable,		gold cut-off and containing a maximum of 6m of
		representative reporting of both low and		internal waste) received from the current drill
		high grades and/or widths should be		program have been reported in Appendix B.
		practiced to avoid misleading reporting
		of Exploration Results.
Other	•	Other exploration data, if meaningful	•	Appropriate plans are included in the body of this
substantive		and material, should be reported		announcement.
exploration data		including (but not limited to): geological	•	Underground Downhole Electromagnetics (DHEM)
		observations; geophysical survey		was completed by Southern Geoscience & Eastern
		results; geochemical survey results; bulk		Geophysics Ltd
		samples – size and method of treatment; metallurgical test results;	•	The TX surface loop size was 1km x 1km
		bulk density, groundwater, geotechnical	•	See Table 1 Section 1 for further details
		and rock characteristics; potential
		deleterious or contaminating
		substances.
Further work	•	The nature and scale of planned further	•	FireFly will be conducting drill testing of additional
		work (e.g. tests for lateral extensions or		mineralisation as well as step out drilling of
		depth extensions or large-scale step-		existing lodes to further enhance the Resources
		out drilling).		quoted in this announcement. More information is
	•	Diagrams clearly highlighting the areas		presented in the body of this report.
		of possible extensions, including the	•	Diagrams in the main body of this announcement
		main geological interpretations and		show areas of possible Resource extension on
		future drilling areas, provided this		existing lodes. The Company is mining an
		information is not commercially		exploration drive to enable effective drill testing of
		sensitive.		down plunge extensions.

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Plan view of drilling in this announcement

ASX: FFM | TSX: FFM

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