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ASX FFM

April 4, 2024

High-Grade Copper and Gold Significant and immediate growth

Company led by former Bellevue Gold and Northern Star executives with a proven track record
Targeting rapid resource growth
Building world-class scale
Exceptional infrastructure including operational underground declines, shaft, processing plant, deep water port and hydro power
Tier one mining jurisdiction

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DISCLAIMER & CAUTIONARY STATEMENTS

This presentation has been prepared by FireFly Metals Limited (the Company ) based on information from its own and third party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, dispatch or provision of this presentation, or takes any responsibility for, or makes or purports to make any statements, representations or undertakings in this presentation. Except for any liability that cannot be excluded by law, the Company and its related bodies corporate, directors, employees, servants, advisers and agents disclaim and accept no responsibility or liability for any expenses, losses, damages or costs incurred by you relating in any way to this presentation including, without limitation, the information contained in or provided in connection with it, any errors or omissions from it however caused, lack of accuracy, completeness, currency or reliability or you or any other person placing any reliance on this presentation, its accuracy, completeness, currency or reliability. This presentation is not a prospectus, disclosure document or other offering document under Australian law or under any other law. It is provided for information purposes and is not an invitation nor offer of shares or recommendation for subscription, purchase or sale in any jurisdiction. This presentation does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. Each recipient must make its own independent assessment of the Company before acquiring any shares in the Company ( Shares ). The Company has made reference to historic drilling and exploration results from a variety of exploration companies over the past 60 years that had previously explored the Project. References to previous announcements should be read in conjunction with this release. The Company confirms that it is not aware of any new information or data that materially affects the information included in this presentation.

NO NEW INFORMATION OR DATA – PICKLE CROW AND GREEN BAY PROJECT

This presentation contains references to Mineral Resource Estimate at the Pickle Crow Project which have been extracted from the Company’s ASX announcement dated 4 May 2023, titled "High-Grade Inferred Gold Resource Grows to 2.8Moz at 7.2g/t". All future references in this presentation that relate to the Mineral Resource Estimate at the Pickle Crow Project should be read in conjunction with the aforementioned ASX release. The Company confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement and that all material assumptions and technical parameters underpinning the Mineral Resource Estimate (Inferred Resource – 11.9 Mt @ 7.2 g/t gold for 2.8M ounces of gold) in that announcement continue to apply and have not materially changed.

The Company first announced the foreign estimate for the Green Bay Project on 31 August 2023. The current foreign estimate for the Green Bay project is 39.2Mt @ 1.83%Cu, 0.3g/t Au and 2.7g/t Ag for 811kt CuEq. The foreign estimate is prepared in accordance with Canadian National Instrument 43-101 and has not been reported in accordance with JORC 2012. A competent person has not done sufficient work to classify the foreign estimate as a mineral resource in accordance with JORC 2012 and it is uncertain that following further evaluation and exploration work that the foreign estimate will be able to be reported as a mineral resource under the JORC Code 2012. The Company confirms that it is not in possession of any new information or data relating to the foreign estimate that materially impacts on the reliability of the estimate or the Company's ability to verify the foreign estimate in accordance with the JORC Code 2012. The Company confirms the supporting information provided in the initial market announcement referred to in Listing Rule 5.12 continues to apply and has not materially changed.

Metal equivalents have been calculated using a copper price of US$8,295/t, gold price of US$1,912/oz and a silver price of US$22.59/oz. Individual grades for the metals are set out at Appendix 10 of this announcement. Copper equivalent was calculated based on the formula CuEq(%) = Cu(%) + (0.74112 x Au(g/t)) + (0.00876 x Ag(g/t). No metallurgical recovery factors have been applied to the in-situ resource or exploration results. It is the Company’s view that all elements in the copper equivalent calculation have a reasonable potential to be recovered and sold.

This presentation also contains references to certain Exploration Results that were first reported in accordance with ASX Listing Rule 5.7 in the Company's announcements of 28/01/2020, 26/03/2020, 01/09/2020, 11/11/2020, 19/01/2021, 7/04/2021, 16/06/2021, 15/07/2021, 2/08/2021, 5/10/2021, 2/12/2021, 18/1/2022, 3/5/2022, 23/6/2022, 22/11/2022, 24/1/2023, 31/8/2023, 11/12/2023, 16/1/2024, 4/3/2024 & 21/3/2024. FireFly Metals confirms that it is not aware of any new information or data that materially affects the information included in the original announcements. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

JORC CODE

It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code"). Investors outside Australia should note that while ore reserve and mineral resource estimates of the Company in this document comply with the JORC Code (such JORC Code-compliant ore reserves and mineral resources being "Ore Reserves" and "Mineral Resources" respectively), they may not comply with the relevant guidelines in other countries and, in particular, do not comply with (i) National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators (the "Canadian NI 43-101 Standards"); or (ii) Item 1300 of Regulation S-K, which governs disclosures of mineral reserves in registration statements filed with the SEC. Information contained in this document describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian or US securities laws.

ASX FFM

FORWARD LOOKING INFORMATION

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This document contains forward looking statements concerning the Company. Forward-looking statements are not statements of historical fact, and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Forward looking statements in this document are based on the Company’s beliefs, opinions and estimates of the Company as of the dates the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of commodities, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. No representation, warranty or undertaking, express or implied, is given or made by the Company that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur.

NOTINVESTMENT ADVICE

Each recipient of the presentation should make its own enquiries and investigations regarding all information in this presentation including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of the Company and the impact that different future outcomes might have on the Company. Information in this presentation is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking account of any person’s individual investment objectives, financial situation or particular needs. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own investment objectives, financial situation and needs and seek legal, accounting and taxation advice appropriate to their jurisdiction. The Company is not licensed to provide financial product advice in respect of its securities.

INVESTMENT RISK

There are a number of risks specific to the Company and of a general nature which may affect the future operating and financial performance of the Company and the value of an investment in the Company, including and not limited to the Company's capital requirements, the potential for shareholders to be diluted, risks associated with the reporting of resources estimates, budget risks, and operational risk. An investment in Shares is subject to known and unknown risks, some of which are beyond the control of the Company. The Company does not guarantee any particular rate of return or the performance of the Company. Investors should have regard to the risk factors outlined in the previous ASX presentation dated 31 October 2023 on the slides titled “Key Risks” when making their investment decision.

FINANCIAL DATA

All dollar values are in Australian dollars (A$ or AUD) unless otherwise stated. The information contained in this presentation may not necessarily be in statutory format. Amounts, totals and change percentages are calculated on whole numbers and not the rounded amounts presented. The pro forma historical financial information (to reflect the funds raised under the placement and share purchase plan) provided in this presentation is for illustrative purposes only and is not represented as being indicative of the Company’s views on its future financial condition and/or performance. The pro forma historical financial information has been prepared by the Company in accordance with the measurement and recognition requirements, but not the disclosure requirements, of applicable accounting standards and other mandatory reporting requirements in Australia.

DISCLAIMER

To the maximum extent permitted by law, the Company and its related bodies corporate and affiliates, and their respective officers, directors, employees, agents and advisers: (i) disclaim all responsibility and liability (including, without limitation, any liability arising from fault, negligence or negligent misstatement) for any loss (including consequential or contingent loss or damage) arising from this presentation or reliance on anything contained in or omitted from it or otherwise arising in connection with this presentation; (ii) disclaim any obligations or undertaking to release any updates or revision to the information in this presentation to reflect any change in expectations or assumptions; and (iii) do not make any representation or warranty, express or implied, as to the accuracy, reliability, completeness of the information in this presentation or that this presentation contains all material information about the Company, or that a prospective investor or purchaser may require in evaluating a possible investment in the Company or acquisition of Shares, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement.

ASX FFM

Investment Highlights

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Rapid low-cost growth through the drill bit - a proven strategy for value creation

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GREEN BAY COPPER GOLD

PICKLE CROW GOLD

PROVEN TRACK RECORD

High grade copper and gold in Newfoundland & Labrador, Canada

High grade gold in Ontario, Canada

resource
2.8Moz @ 7.2g/t gold
Large resource of 39.2Mt at 1.83% • copper & 0.5g/t gold for 811kt at • 2.07% copper equivalent[1]
- Inferred resource remains open
- Significant landholding with huge exploration upside
A$250M of mine infrastructure
Targeting significant and immediate growth drilling 100,000m in 2024
A major gold mining district

• Management team with a proven track record of creating significant value for shareholders and stakeholders

Recent success with ASX200 Bellevue Gold from discovery to production in only 4.5 years
Well-funded with ~ A$55M cash[2]
Prepared in accordance with Canadian National Instrument 43-101. The estimate is a foreign estimate & has not been reported in accordance with JORC 2012. A competent person has not done sufficient work to classify the foreign estimate as a mineral resource in accordance with JORC 2012 & it is uncertain that following further evaluation & exploration work that the foreign estimate will be able to be reported as a mineral resource under the JORC Code 2012. Metal equivalents calculated using a copper price of US$8,295/t, gold price of US$1,912/oz and a silver price of US$22.59/oz. Individual grades for the metals are set out at Appendix 10 of this announcement. Copper equivalent was calculated based on the formula CuEq(%) = Cu(%) + (0.74112 x Au(g/t)) + (0.00876 x Ag(g/t). No metallurgical recovery factors have been applied to the in-situ resource. It is the Company’s view that all elements in the copper equivalent calculation have a reasonable potential to be recovered and sold. 2. Approximate cash position after including proceeds from Tranche 1 and Tranche 2 placement (before costs), paying Gold Hunter Resources Inc. for additional ground at Green Bay and subscribing for 8.4% of Maritime Resources Corp which includes the port access agreement. Receipt of A$14.7 million (before costs) in funds under Tranche 2 of the placement remains subject to receipt of shareholder approval at a general meeting to be held in early-mid May 2024.

ASX FFM

Copper – The Macro Landscape

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Nearly twice the amount of copper mined in human history is required in the next 27 years to achieve net zero by 2050[1,2]

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700mt of Cu have been mined in the previous 3,000 years
● 1,400mt are required in the next 27 years to achieve net zero by 2050, equating to more than 300 new mines
Source: https://energyminute.ca/infographics/the-volume-of-2050-net-zero-copper-demand/

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Global Copper Mining Issues

Decreasing copper grades
Reduced discovery rates
Time and cost to production
Mining is getting deeper
Social License becoming more challenging
Source: modified from ‘The Future of Copper’, S&P Global Report, July 2022

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Positioned to take advantage of the Copper Wave

A Lack of Quality Copper Opportunities on the ASX[1]

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115 kt 130 kt 138 kt 179 kt 1,062 kt
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100,000 Green Bay Copper-Gold Project – A huge growth opportunity Significant and immediate growth (100,000m drilling 2024) Targeting a larger scale mid-tier copper operation District scale exploration potential 50,000

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ASX FFM

Data Source: S&P Global, CY2022 Copper production >1kt Cu for ASX listed companies. Please see Appendix 4 for original source data.

The Transformation of FireFly

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Results: Cu Au Re-assays First FFM Results: VMS First FFM Results: FWZ
Acquisition Capital Raising to Fund Transaction Completion of •• 47.2m @ 4.7% Cu & 2.2g/t Au 41.2m @ 5.9% Cu & 3.5g/t Au •• 46.4m @ 5.6% CuEq 17.8m @ 6.6% CuEq •• 47.1m @ 2.4% CuEq 67.8m @ 1.6% CuEq
of Green Bay & Growth (A$55M) Acquisition • 9.3m @ 9.4% Cu & 4.7g/t Au • 14.7m @ 7.5% CuEq • 30.0m @ 1.9% CuEq Closing Price – $0.765
Announced
2 April 2024
Gold Hunter
$0.75 Acquisition
Capital Raising
$0.70 Consolidation15:1 Growth (A$52M)to Accelerate
$0.65 NL Court Drilling Mining of Exp 2 [nd] Drill Rig Board Average Financing – $0.64
Approval of commences Drive Commences Changes
Transaction (1 Rig) Commences
$0.60
Port Access &
$0.55 Maritime
Resources
Investment
$0.50
$0.45
Further FFM Results: FWZ
• 63.1m @ 2.2% CuEq
$0.40 • 51.0m @ 2.2% CuEq
Acquisition Financing – $0.375 • 9.8m @ 3.7% CuEq
$0.35
31/08/2023Sept 202330/09/2023Oct 2023 31/10/2023Nov 202330/11/2023Dec 2023 31/12/2023Jan 202431/01/2024Feb 202429/02/2024Mar 2024
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ASX FFM

For further deatil, please refer to ASX releases dated 31/08/2023, 4/09/2023, 12/09/2023, 20/10/2023, 23/10/2023, 21/11/2023, 27/11/2023, 07/12/2023, 11/12/2023, 14/12/2023, 22/12/2023, 16/01/2024, 04/03/2024, 19/03/2024 , 21/03/2024, 26/03/2024 and 28/03/2024

Exceptional Share Register and Strong Balance Sheet

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Well-Funded to Deliver Strong Velocity of Newsflow through 2024 - 2025

CAPITAL STRUCTURE

CURRENT

Shares on issue 477.5M[1] Management performance rights 37.5M[2] Top 20 Shareholders 50%[3]

A$0.72

Current Share Price[3]

A$343M

Market Capitalisation[4]

SHAREHOLDER SUMMARY

~A$55M

2.9M

Board & Management (fully diluted)

14%[4]

Australian & Global Institutions 41%[3]

Cash Position[5]

Average Daily Volume[6]

Global Banking & Research:

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~8.4%

No Debt

Shareholding in No offtake Maritime Resources Corp No streams TSXV:MAE

Includes Shares issued under Tranche 1 (57,300,000) and Tranche 2 (24,152,751) of the Equity Raising announced to ASX on 28 March 2024. Tranche 2 shares are subject to shareholder approval to be sought at a general meeting to be held on or around early to mid-May 2024. 2. Management performance rights and options unlisted. 3. As at 3 April 2024. 4. Calculated after the anticipated issue of Tranche 1 and 2 Shares, the latter of which remains subject to shareholder approval. 5. Approximate cash position after including proceeds from Tranche 1 and Tranche 2 placement (before costs), paying Gold Hunter Resources Inc. for additional ground at Green Bay and subscribing for 8.4% of Maritime Resources Corp which includes the port access agreement. Receipt of A$14.7 million (before costs) in funds under Tranche 2 of the placement remains subject to receipt of shareholder approval at a general meeting to be held in early-mid May 2024. 6. From 1 March 2024 to 3 April 2024.

ASX ASX FFM FFM

Board and Management

A Leadership team with proven success in the Resources Sector

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Kevin Tomlinson

Michael Naylor

Jessie Liu-Ernsting

Darren Cooke

Steve Parsons

Independent Non-Executive Chair

Independent Non-Executive Director

Chief Executive Officer

Managing Director

Executive Director

Founder and Previous Managing Director and current Non-Executive director of Bellevue Gold (ASX 200) and previous founder and Managing Director Gryphon Minerals (ASX 200)

Non-Executive Director of VP investor relations at G Bellevue Gold (ASX200) and Mining Ventures Corp Non-Executive Director of (TSX:GMIN). Director of the Cygnus Metals Prospectors & Developers Association of Canada (PDAC).

Non-Executive Independent Chair of Bellevue Gold (ASX200), former Chair of Cardinal Resources and NonExecutive director of Centamin PLC

Previously held senior positions with Northern Star Resources, Newmont Mining and Barrick Gold

Cygnus Metals

27 years' experience in corporate advisory and public company management since commencing his career and qualifying as a chartered accountant.

Geologist with over 27 years’ experience. Extensive gold industry experience in Australia and North America spanning regional and near mine exploration, production geology, engineering planning and corporate development.

Previously has held senior technical, financial and strategic positions at Hudbay Minerals Inc (NYSE:HBM) , global investment fund Resource Capital Funds and engineering groups Hatch and Golder Associates as well as investment banking at CIBC Capital Markets.

Highly experienced mining executive with over 40 years’ experience across geology, investment banking and M&A in multiple jurisdictions including Canada, Australia, Africa and the UK.

Experienced geologist commencing his career and with a proven track record qualifying as a chartered of mineral discoveries, accountant. corporate growth, international investor Involved in the financial relations and creating management of mineral shareholder wealth. and resources focused public companies serving on the board and in the executive management teams.

Previous Managing Director of Investment Banking at Westwind Partners and Stifel Nicolaus .

Previous positions include Kalgoorlie district geology manager for Barrick Gold and Principal Geologist – Business Development for Northern Star Resources.

Ms Liu-Ernsting is also experienced in areas of corporate board audit, compensation, technical and special committees.

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Maddison Cramer

JOINT COMPANY SECRETARY

Cygnus Metals, Midas Minerals, formerly of Bellevue Gold

William Nguyen

CHIEF FINANCIAL OFFICER & JOINT COMPANY SECRETARY Formerly of Regis, Cliffs Natural Resources

David Southam

ADVISOR TO THE BOARD Cygnus Metals and Ramelius Resources, formerly of Mincor Resources, Western Areas and Kidman Resources Experienced in base metal offtake partnerships

ASX FFM

Green Bay Highlights

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A low-cost acquisition that transformed Firefly into a leading ASX Cu-Au Developer

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Upside
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Resource Growth
Operational Upscale
● Regional Discovery

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Current
Resources
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High Grade
40Mt @ 2.1% CuEq[1]
Rapid growth

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Mines
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Ready to go
Accessible to 950m
Shaft

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Infrastructure
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Processing Plant
Surface & UG
Port Facilities

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EHS
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Safety culture
Social License
Government support

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Team
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Skilled Workforce
Passion & Ideas
Come home

● Removed financial burdens (debt, streams, unfavorable contracts)

Prepared in accordance with Canadian National Instrument 43-101. The estimate is a foreign estimate & has not been reported in accordance with JORC 2012. A competent person has not done sufficient work to classify the foreign estimate as a mineral resource in accordance with JORC 2012 & it is uncertain that following further evaluation & exploration work that the foreign estimate will be able to be reported as a mineral resource under the JORC Code 2012. Metal equivalents calculated using a copper price of US$8,295/t, gold price of US$1,912/oz and a silver price of US$22.59/oz. Individual grades for the metals are set out at Appendix 10 of this announcement. Copper equivalent was calculated based on the formula CuEq(%) = Cu(%) + (0.74112 x Au(g/t)) + (0.00876 x Ag(g/t). No metallurgical recovery factors have been applied to the in-situ resource. It is the Company’s view that all elements in the copper equivalent calculation have a reasonable potential to be recovered and sold

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One of the Best Mining Jurisdictions Globally Newfoundland & Labrador is a top four jurisdiction for mining investment

FRASER INSTITUTE 2022 SURVEY Mining Investment Attractiveness Index[1]

Strong government support Western AustraliaNevada Track record of expedited mine Saskatchewan permitting Newfoundland and LabradorColorado Large FIFO workforce wanting to Northern Territory work back in Newfoundland QuebecArizona Mining sector contributes +32% of South Australia NL GDP Alaska Ontario Queensland MAJOR MINING, OIL & GAS Manitoba & EXPLORATION OPERATIONS British Columbia Utah • Rio Tinto – Iron ore Montana Yukon • Champion Iron – Iron ore New Brunswick • Labrador Iron Mines – Iron ore New South Wales • Tata Steel – Iron ore Alberta Idaho • Tacora – Iron Ore New MexicoNunavut • Vale - Voisey’s Bay – Nickel & base metals Nova Scotia • Marathon Resources – Gold development Northwest TerritoriesVictoria • Newfound Gold – Gold exploration California • Hibernia Oil – Chevron / ExxonMobil Tasmania • Hebron Oil – Chevron / ExxonMobil 0.00 20.00 40.00 60.00 80.00 100.00

PROVINCE OF NEWFOUNDLAND & LABRADOR

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QUEBEC
LABRADOR
Green Bay
Copper-Gold
Project
NEWFOUNDLAND
NEW
BRUNSWICK
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ASX FFM

Data Source: Fraser Institute Annual Survey of Mining Companies 2022, May 2023

DEPTH

500m

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A Major VMS Copper-Gold Mineralised System

Two distinct mineralised zones Both zones open High-Grade Massive Sulphide Zone
Surface MING MINE RESOURCE UNMINED and OPEN: Portal UNMINED & OPEN • 74.8m @ 9.0% Cu & 2.2g/t Au (R19-745-08) Starts from 250m below surface • 20.7m @ 4.4% Cu & 2.1g/t Au ( R19-745-04)
Untested 30.2Mt @ 2.1% CuEq for 634kt • 41.2m @ 5.9% Cu & 1.3g/t Au ( R22-795-06) (1.81% Cu & 0.5g/t Au) • 49.1m @ 6.2% Cu & 1.9g/t Au (R21-785-17) • 47.2m @ 4.7% Cu & 2.2g/t Au (R22-795-14) • 16.8m @ 6.7% Cu & 3.5g/t Au (R22-795-10) • 31.6m @ 3.6% Cu & 1.1g/t Au (R22-795-08)
Untested • 18.4m @ 4.6% Cu & 1.9g/t Au (R22-707-11) • 13.5m @ 2.3% Cu & 4.9g/t Au (R17-660-30) • 17.8m @ 4.4% Cu & 2.2g/t Au (MUG23_003)
Untested • 14.7m @ 2.6% Cu & 5.5g/t Au (MUG_004) • 6.3m @ 5.9% CuEq (3.1% Cu, 3.0g/t Au, 21.1g/t Ag)
Broad Footwall Zone UNMINED and OPEN: 350 metre
• 37.2m @ 2.23 % Cu & 21.1m @ 2.74% Cu (RM06-04c) step out drill holes • 53.0m @ 2.49 % Cu (R22-510-14) Untested • 42.0m @ 1.94 % Cu (RM08-08k) • 31.7m @ 2.05% Cu & 8.7m @ 2.43% Cu (RM06-04m) • 65.0m@ 3.4% Cu & 24.3m @ 1.43% Cu (R21-411-16) • 18.2m @ 2.15% Cu & 22.5m @ 2.08% Cu (RM07-08f) Untested • 17.4m @ 3.18% Cu & 30m @ 1.45% Cu (RM06-04e) 460 metre step out drill holes
ASX FFM Long section looking west 102m @ 1.7% Cu & 39m @ 1.4% Cu & 15m @ 1.1% Cu (R17-25a&b) Untested Untested

High-Grade Massive Sulphide Zone UNMINED and OPEN:

1000m

DEPTH 0m

A Major VMS Copper-Gold Mineralised System

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30Mt resource with under round develo ment & shaft & g p plenty of room to grow!

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Surface MING MINE RESOURCE Rapid Resource Growth 0m
Portal
UNMINED & OPEN
Starts from 250m below surface • +500m of exploration drive development and
30.2Mt @ 2.1% CuEq for 634kt +11,000m of diamond drilling completed to date
(1.81% Cu & 0.5g/t Au) • Resource update planned for September
Drill testing
quarter 2024
• September quarter resource will form the basis
of mining studies
500m
• Recent capital raising funds Phase 2 program
Phase 1 Drill Drive
750m development (500m completed)
Cross Section 500mL
40,000m of drilling (10,750m completed)
Phase 2 Drill Drive
(Extension)
1,200m development 1000m
60,000m drilling
Drill testing
Drill testing
Drill testing
460 metre step out drill holes
ASX FFM 102m @ 1.7% Cu & 39m @ 1.4% Cu & 15m @ 13
1.1% Cu (R17-25a&b) Drill testing Untested
(6mx3m) Shaft 630m
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Infrastructure = Lower Capex and Rapid Start-up

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DEPTH
Ex cellent Geotechnical
Surface Conditions 0m
Portal
6m x 3m shaft to Upper FW Stope (unfired)
630m below surface (~750m below surface)
in place Excellent Geotechnical
30Mt Resource starts Conditions
just 250m below
surface Existing decline Exploration Drive
beneath the shaft is (~975m below surface)
already 5m x 5m
Open for >1 year, excellent
Footwall Zone ground, no water issues
accessed but barely
mined
Phase 1 Excellent ground, no stress
Haulage & Mining Options Drill Drive indicators, good profile, dry
• Haulage & Mining Method studies in progress (Entech)
• FWZ can support bulk mining
• Majority of decline 5m x 5m (Australian mining size) Phase 2 Drill Drive 1000m
• (Extension)
Mining would start ~250m from surface (shallow)
Ground Conditions
• Excellent – can mine far deeper in Canada than WA
Cost Advantages
• In house 5.5m x 5.5m development costing A$6,000/m (WA +A$ 10,000m)
• Hydro power available for less that 6c per kwh (WA >20c/kwh)
Regional stress conditions are far
lower than Western Australia
ASX FFM Long section looking west 14
meaning you can mine deeper
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Haulage & Mining Method studies in progress (Entech)
FWZ can support bulk mining
Majority of decline 5m x 5m (Australian mining size)
Mining would start ~250m from surface (shallow)
In house 5.5m x 5.5m development costing A$6,000/m (WA +A$ 10,000m)
• Hydro power available for less that 6c per kwh (WA >20c/kwh)

Exceptional Regional Discovery Potential

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Recent acquisitions makes FireFly the major landholder in a world-class Copper VMS district

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Cu
Ming Mine
30.1Mt @ 2.1% CuEq CuCu
Cu
Cu
Cu
Cu Cu
Cu
Cu Cu Cu
Cu Cu
Cu
Cu East UG Mine
Cu Historic Producer - VMS Copper
Cu CuCuCu Cu
Cu
Cu
Cu Rambler Main UG Mine
Historic Producer - VMS Copper
Rambler Big Pond
Historic Producer - VMS Copper
Cu Cu
Cu
Cu Known Copper
Cu Occurance [1]
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Significant Camp-Scale Land Holding

Three historic past producing copper mines and numerous compelling targets acquired as part of the recent Gold Hunter transaction

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UNTESTED Fold
with Coincident
Ming Mine
Mag Anomaly 30.1Mt @ 2.1% CuEq
Rhyolite-Mafic Cu
Contact
Cu
Cu
Rambler Main East Mine
Mine
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ASX FFM

Data Source: Newfoundland & Labrador Government Minerals Occurrence Database (MOD)

Rapid Resource and Mine Growth Over Next 18 Months

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Well-funded for significant velocity of news flow through 2024 - 2025

Milestone1	Q4 23	Q1 24	Q2 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25
2024 – 2025 PROGRAM
Green Bay Project Acquisition15 *Oct 2024*
UG Drill DrivePhase 1 ~750m (~550m completed)
UG Drill DrivePhase 2 ~1200m


UG Resource Drilling 2x rigs VMS and FWZ Extensions 100,000m (10,750m completed)


Resource Updates
Geophysical targeting


Discovery mine drilling 1x rigs New and geophysical targets


Regional TargetingGeophysics, mapping, drilling


Upscaled Production & Engineering Studies

2024 – 2025 Key Deliverables

Underground development drill drive phase 1 ~750m (~500m completed to date) followed immediately by phase 2 extension for a further ~1,200m
Underground drill platforms phase 1 completed
2x underground drill rigs underway targeting resource growth ~10,750m of ~100,000m completed
1x underground drill rig commencing in coming weeks targeting new UG discoveries
Geophysical equipment arriving in coming weeks to identify new ‘walk-up’ drill targets
Regional targeting commencing Qtr2 using geophysics, mapping and surface drilling
Upscaled production & engineering studies commencing Qtr2

ASX FFM

Please note that timeframes are indicative and may be subject to change

A Game Changing Catalyst Rich High-Grade Opportunity

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Board & Management Team with a Proven Track Record of Creating Shareholder Wealth Strong Cash Position of A$55 Million[1] for Immediate Growth Throughout 2024-2025

GREEN BAY COPPER-GOLD

A fully operational underground mine in tier one mining jurisdiction
• High-grade resources of 39.2Mt @ 1.83% copper and 0.5g/t gold for 811kt @ 2.07% Copper Equivalent[2]
Immediate and rapid resource growth: 100,000m drilling 2024-25
Significant upscaling for a mid-tier copper operation
A$250M of Infrastructure including UG mines, shaft, declines, processing plant, deep water port, camp and hydro power

PICKLE CROW GOLD PROJECT

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High-grade and shallow 2.8Moz @ 7.2g/t gold inferred resource – OPEN
Significant regional scale land holding with huge growth opportunity
Approximate cash position after including proceeds from Tranche 1 and Tranche 2 placement (before costs), paying Gold Hunter Resources Inc. for additional ground at Green Bay and subscribing for 8.4% of Maritime Resources Corp which includes the port access agreement. Receipt of A$14.7 million (before costs) in funds under Tranche 2 of the placement remains subject to receipt of shareholder approval at a general meeting to be held in early-mid May 2024.
Prepared in accordance with Canadian National Instrument 43-101. Please refer to previous disclaimer detailing the Foreign Estimate and metal equivalents calculations.

ASX FFM

Appendix 1 Green Bay Supplementary Information

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Ming Mine A ready-to-go underground copper mine with world-class growth potential

1A. NL Overview & Landholding
Newfoundland Mines & Infrastructure
FFM District land holding & Exploration
1B. Mine Orebody
1C. Ming UG Mine
1D: Surface Infrastructure
1E: Port Access
1F: Deeper Mining Depths in Canada

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Appendix 1A: Newfoundland - Built on Maritime & Mining

A True Tier 1 Mining Jurisdiction

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Ming UG Mine & Little Deer
• Strong government support Hydro Power Stations Cu-Au Mine Complex
throughout Newfoundland
• Track record of expedited mine Excess Capacity
permitting
• Mining sector contributes +32% of NL
GDP [3] 39.2Mt @ 1.83%Cu & 0.5g/t Au
for
811kt at 2.07% CuEq [1,2]
FFM 8.4% Nugget Pond Processing
shareholder Plant
MING MINE (547kt Cu)
LITTLE DEER (179kt Cu)
Project is accessible 365 days
a year by road, air and sea PINE COVE DEEP WATER PORTNUGGET POND MILL
Multiple daily flights to Deer LARGE REGIONAL LAND HOLDING
Lake, Gander & St Johns
• Conventional 500ktpa /
1.5-hour 1,500tpd crushing,
drive from grinding & flotation
Deer Lake to circuit
project site • 96% copper recoveries
via Trans- Pine Cove Deepwater Port
Canada Hwy
Vale Voisey’s Bay
Processing Plant
VALENTINE
PROJECT $1.2Bn Gold • 1Mtpa Concentrate shipping
5Moz, 3Mtpa Mill Developer capacity
ASX FFM 1. Prepared in accordance with Canadian National Instrument 43-101. Please refer to previous disclaimer detailing the Foreign Estimate. • Only 6km from Ming mine 19
2. Metal equivalents calculated using a copper price of US$8,295/t, gold price of US$1,912/oz and a silver price of US$22.59/oz • 50,000t Panamax ships
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Data Source: Statista Distribution of gross domestic product of Newfoundland and Labrador, Canada in 2021 by industry

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Appendix 1A: FireFly District Land Holding

Significant district-scale footprint in a world-class VMS district

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ASX FFM
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Regional Exploration

Recently completed transaction with Gold Hunter Resources increases Green Bay footprint by 169sqkm
Multiple drill ready ‘walk-up’ targets surrounding the Ming Mine
FireFly now hold 5 historical past producing copper mines that operated in the 1960’s and 1970’s with limited modern-day exploration
Significant regional surface copper showings with no drill testing
Geophysics to be utilised to prioritise drill targeting – no recent geophysics completed using up-to-date techniques
Little Deer satellite deposit: 9.1Mt at 2.0%CuEq for 180kt CuEq
Total landholding now 222sqkm

Appendix 1B: Ming Orebody Drill Results – 2 Distinct Zones

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A large-scale VMS mineralised system with two distinct mineralised zones

[1,2] Zone 1: High-grade massive sulphide copper and gold zone – Unmined and OPEN

46.4m @ 5.6% CuEq (4.6% Cu & 1.2g/t Au) FireFly drilling 16/1/24 MUG23-006 20.7m @ 6.4% CuEq (4.4% Cu & 2.1g/t Au) R19-745-04 9.3m @ 13.6% CuEq (9.4% Cu & 4.7 g/t Au) RM22-795-15 17.8m @ 6.6% CuEq (4.4% Cu & 2.2g/t Au) FireFly drilling 16/1/24 MUG23-003 16.8m @ 11.2% CuEq (6.7% Cu & 3.5 g/t Au) RM22-795-10 14.7m @ 7.5% CuEq (2.6% Cu & 5.5 g/t Au) FireFly drilling 16/1/24 MUG23-004 18.4m @ 6.3% CuEq (4.6% Cu & 1.9 g/t Au) RM22-795-02

11.2m @ 6.9% CuEq (4.9% Cu & 2.3 g/t Au) FireFly drilling16/1/24 MUG23-004 28.0m @ 4.7% CuEq (3.3% Cu & 1.6g/t Au) R22-795-13

2.7m @ 19.4% CuEq (13.5% Cu & 7.0 g/t Au) FireFly drilling 16/1/24 MUG23-006 41.2m @ 7.1% CuEq (5.9% Cu & 1.3 g/t Au) RM22-795-06 31.6m @ 4.6% CuEq (3.6% Cu & 1.1 g/t Au) RM22-795-08 13.5m @ 6.4% CuEq (2.3% Cu & 4.9g/t Au) R17-660-30 49.1m @ 7.7% CuEq (6.2% Cu & 1.8g/t Au) R21-785-17

[1,2] Zone 2: Large-scale broad copper footwall zone – Unmined and OPEN

65.0m@ 3.40% Cu and 24.3m @ 1.43% Cu (R21-411-16) 37.2m @ 2.23 % Cu and 21.1m @ 2.74% Cu (RM06-04c) 53.0m @ 2.49 % Cu (R22-510-14) 42.0m @ 1.94 % Cu (RM08-08k) 31.7m @ 2.05% Cu and 8.7m @ 2.43% Cu (RM06-04m) 44.6m @ 2.13% Cu (R22-510-05)

29.1m @ 3.16% Cu (R21-620-11) 49.5m @ 2.57% Cu (R19-695-03) 17.4m @ 3.18% Cu and 30m @ 1.45% Cu (RM06-04e) 18.2m @ 2.15% Cu and 22.5m @ 2.08% Cu (RM07-08f) 102.0m @ 1.70% Cu (RM06-04e) 27.4m @ 2.30% Cu (R17-411-22)

Drill hole intersections are reported as down hole widths.
Drilling metal equivalents have been calculated at a copper price of US$8,300/t, gold price of US$2,000/oz, silver price of US$25/oz and zinc price of US$2,500/t. Copper equivalent was calculated based on the formula CuEq (%) = Cu(%) + (Au (g/t) x 0.77472) + (Ag (g/t) x 0.00968) + (Zn (%) x 0.3012). No metallurgical recovery factors have been applied to the calculation. All elements included in the calculation have a reasonable probability of being recovered and sold.

ASX FFM

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Appendix 1B: Ming Orebody: Cross Section

Consistent and Continuous Large Scale Ore Bodies

Large-Scale VMS Orebodies: Footwall Zone similar widths to Rome Colosseum and Michigan State Stadium

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Cross Section 500m level
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Unmined VMS
Historical mined VMS Unmined VMS
High-Grade Massive Sulphide Upper Zones -
Drill testing UNMINED
4.0m @ 9.2% CuEq (421C-2)
9.1m @ 7.8% CuEq (MMUG12-67)
2.5m @ 23.4% CuEq (421C-
7)
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190m
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255m
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Drill testing

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Drill testing
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Broad Footwall Zone - UNMINED
65.0m@ 3.4% Cu & 24.3m @ 1.43% Cu (R21-411-16)
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61m @ 1.49% Cu (RMUG08-73)

20.2m @ 2.95% Cu & 22.9m @ 1.72% Cu (R22-510-16)

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ASX FFM Cross section looking south west 500m level
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Drill testing

Appendix 1B: Ming Orebody: Cross Section

Consistent and Continuous Large Scale Ore Bodies

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Cross Section 900m level

Upper high-grade massive sulphide zones unmined & open

74.8m @ 10.9% CuEq (R19-745-08)

Broad Footwall zone unmined & open
Underground drilling underway

Untested

High-Grade Massive Sulphide Upper Zones -UNMINED

Underground drill drive (750m) to establish further drill pads and future mining underway +500m completed

47.2m @ 6.8% CuEq (R22-795-14) Untested

2[nd] drill rig now on site
Utilising Down Hole Electro-Magnetic (DHEM) geophysics to vector any new mineralized zones.

Broad Footwall Zone - UNMINED

26.8m @ 1.91% Cu (RM07-08e)

New discovery drilling large areas completely untested

41.6m @ 1.56% Cu & 11.8m @ 2.95% Cu (RM07-08f)

40.5m @ 2.24% Cu & 45.4m @ 1.34% Cu (RM06-04e)

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Untested
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Untested

Cross section looking south west 900m level

ASX FFM

Appendix 1C: Ming Underground Mine is Ready and Fully Operational

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Underground drilling already +10,750m completed
• Second drill rig on site (double meters and news flow)

Massive Sulphide High-Grade Copper-Gold

Excellent Underground Conditions (~15 metre wide development at 750 level)

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Third drill rig mobilising (targeting new discoveries)
Underground drill drive already 500m completed
Exceptional geotechnical ground conditions
Decline accessible to 1,000m & Shaft to 630m
Dewatered and mine operations permitted

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High-Grade Development Face

Development Drive

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ASX FFM

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Appendix 1D: Surface Infrastructure – Green Bay, all set up ready to go

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Hydro
Power
Underground
Portal Propane Mine
High-Grade Stockpiles Heating
Workshop Drillers
Shed
Workshop/ Water
Treatment Plant
Core Shed
Underground
Training Changerooms
Room
Storage
Admin/Offices
50 person Sealed
Camp Road 24/7
Access
ASX FFM
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Appendix 1E: Port Access secured for future concentrate shipments

Access to two ports provides future optionality

Pine Cove Deep Water Port

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Pine Cove Deep Water
Port
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Recent access agreement with Maritime Resources Corp in return for FFM taking a ~8.4% position in Maritime (C$2.5M)
~1Mt a year of mineral concentrate capacity
Panamax 50,000T vessels
Only 6km from Green Bay Mine
Closer export facility than existing Goodyear Cove Port, significantly improving the economics of concentrate shipment

Goodyear’s Cove Port

Concentrate storage and conveyor system
140km by road from current mill
Reviewing options to monetize the asset

ASX FFM

Appendix 1F: Mining Depths in Canada – Ming is STILL SHALLOW

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The Mine is relatively shallow in comparison to other underground operations in Canada
Low regional stress conditions allow for much deeper mining than in Western Australia
Less than half the regional rock stress levels (less ground support required = less costs = deeper depths)

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LARONDE RED LAKE KIDD CREEK CU MING MINE
Quebec [1] Ontario [2] Ontario [3] Newfoundlan
d
Surface
LaRonde Penna Shaft Reid Shaft #3 Shaft Red LakeUpper Untested
#1 Shaft
Untested
Untested 1,000m
Untested 950m Below
Surface
Untested Untested 2,000m
Lower Red Lake Aviation Zone Untested
West East
Mine Mine Untested Untested
3,000m
Untested
ASX3,100m Below Surface FFM 2,600m Below Surface >3,000m Below Surface 27
1. Modified from news release dated Nov 2, 2021; 2. Modified from Evolution site visit presentation dated Sept 14, 2022; 3. Modified from http://www.womp-int.com/story/2008vol7/story024.htm
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Appendix 2 Pickle Crow Gold Deposit

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Pickle Crow One of the highest- grade undeveloped gold projects in globally

2A. Overview
2B. Location
2C. Shallow Potential
2D. Regional Exploration Upside

Appendix 2A: Pickle Crow Gold Deposit – The Perfect Addition

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High Grade 2.8Moz @ 7.2 g/t Gold Resource with Significant Potential to Grow

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LOCATION

THE ASSET – PICKLE CROW

UPSIDE

Operating in a Tier 1 mining jurisdiction , Ontario Canada
In a prolific mineral belt with >40Moz gold endowment
Exceptional team and incountry knowledge
High-grade historical gold production of 1.5Moz @ 16.1g/t gold
Year-round access with quality infrastructure, and large regional land holding
2.8Moz @ 7.2g/t inferred gold resource
Rapid resource growth
Open in all directions
Exceptional discovery potential in a consolidated mineral district

ASX FFM

Appendix 2B: An Exceptional Asset in a World-Class Location

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Pickle Crow Gold Deposit is surrounded by World-Class Gold Mines

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PICKLE CROW
2.8Moz @ 7.2G/T Gold Resource
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ASX FFM

Appendix 2C: Significant Shallow Open Pit Potential

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Significant Potential to Grow the 2.8Moz @ 7.2g/t Resource

Potential for Open Pit as well as Underground mining at the Pickle Crow Deposit
Significant proportion of resource shallow from surface
• Over 1Moz above 0.5g/t in the top 250 metres
Extensive shallow mineralisation in the top 250m below surface outside of the

current Resource

Resource remains open in all directions

ASX FFM

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Appendix 2D: Huge Discovery Potential – An Entire Mineral District

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Exceptional Upside

First time entire Pickle Crow district held by one company
Over 46km of strike to be tested
Regional systematic geochemical sampling underway
Low-cost discovery potential
Numerous high priority walk up targets

ASX FFM

Appendix3 FireFly Metals Resources

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