FireFly Metals Ltd. — Major Shareholding Notification 2024

Apr 30, 2024

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme FireFly Metals Ltd

ACN/ARSN 110 336 733

1. Details of substantial holder (1)

Name Extract Advisors LLC

ACN/ARSN (if applicable)

The holder became a substantial holder on

09 04 2024 / /

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORD	26,320,656	26,320,656	5.81%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

llows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
See Annexure A

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and numberof securities
See Annexure A

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)CashNon-cash	Consideration (9)CashNon-cash	Class and numberof securities
See Annexure B

603 page 2/2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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----- Start of picture text ----- Name and ACN/ARSN (if applicable) Nature of associationSee Annexure A7. AddressesThe addresses of persons named in this form are as follows:Name AddressSee Annexure C----- End of picture text -----

Signature

Ethan Park Authorized Signatory print name capacity sign here date 4 30 2024 / /

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

  • See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".

• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

Annexure A

This is Annexure A of 1 pages referred to in form 603 Notice of Initial Substantial Shareholder

_____________________________4/30/2024	_____________________________4/30/2024
Ethan Park	Date
Authorized Signatory

3. Details of Relevant Interests

4. Details of present registered holders

6. Associates

Holder of RelevantInterests Name and ACN /ARSN (if applicable)	Nature of Relevant Interest	RegisteredHolder ofSecurities	Person entitledto be registeredas holder	Class andnumber ofSecurities	Nature of Association
Extract Capital Master FundLtd	Power to control the exercise of aright to vote attached to securitiesand/or the power to dispose ofsecurities held	HSBC CustodyNominees(Australia) Ltd	Extract CapitalMaster Fund Ltd	ORD 13,341,485	Entity managed byExtract Advisors LLC
Extract Exploration Fund(Cayman) LP	Power to control the exercise of aright to vote attached to securitiesand/or the power to dispose ofsecurities held	HSBC CustodyNominees(Australia) Ltd	ExtractExploration Fund(Cayman) LP	ORD 3,959,278	Entity managed byExtract Advisors LLC
Extract Flow Through FundLP	Power to control the exercise of aright to vote attached to securitiesand/or the power to dispose ofsecurities held	Investor Company	Extract FlowThrough Fund LP	ORD 9,019,893

Annexure B

This is Annexure B of 1 pages referred to in form 603 Notice of Initial Substantial Shareholder

_______________________4/30/2024 Ethan Park Date Authorized Signatory

5. Consideration

Holder of Relevant InterestsName and ACN / ARSN (ifapplicable)	Date of Acquisition	Consideration (Cash)	Consideration (Non-Cash)	Class and numberof Securities
Extract Flow Through Fund LP	09/04/2024	A$0.7480	Traditional Flow ThroughPlacement	ORD 9,019,893

Annexure C

This is Annexure C of 1 pages referred to in form 603 Notice of Initial Substantial Shareholder

________________________________________Ethan ParkAuthorized Signatory7. Addresses	________________________________________Ethan ParkAuthorized Signatory7. Addresses	4/30/2024_____________Date
Holder of Relevant Interests Nameand ACN / ARSN (if applicable)	Address
Extract Advisors LLC	21255 Burbank Blvd., Suite 120 Los Angeles, CA 91367
Extract Capital Master Fund Ltd	227 Elgin Ave., George Town, Grand Cayman KY1-1107
Extract Exploration Fund (Cayman) LP	89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009
Extract Flow Through Fund LP	400-110 Eglinton Ave. West, Toronto, ON, M4R 1A3