FireFly Metals Ltd. — Regulatory Filings 2012

Aug 14, 2012

Exploration Office Warehouse I, 5 Butler Blvd Burbridge Business Park Adelaide Airport SA 5950 Postal Address PO Box 247 Export Park SA 5950

ABN: 96 110 336 733

Tel: +61 8 8375 3900 Fax: +61 8 8375 3999 www.monaxmining.com.au

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For Immediate Release Wednesday, 15 August 2012

ASX RELEASE

Graphite drilling program completed

HIGHLIGHTS

• Monax has completed its maiden drilling at its Waddikee graphite project in South Australia.

• 40 holes totalling 00m completed.

• Drilling undertaken on five prospect areas with graphite observed at all five prospects.

Monax Mining Limited (ASX: MOX) (‘Monax’ or ‘Company’) today announced it has completed its maiden graphite drilling program at the Company’s 100% owned Waddikee Project on South Australia’s Eyre Peninsula (Figure 1).

The Waddikee Project (EL 4662) is located approximately 100 kilometres south-west of Whyalla, within an area that is becoming the premier graphite province in South Australia.

A total of 40 holes were drilled, totalling 2908 metres, across five prospect areas. Graphite was observed at all five areas and all samples have been submitted for analysis.

Gary Ferris Managing Director Monax Mining Ph: (08) 8375 3900 Email: info@monaxmining.com.au

Duncan Gordon Investor Relations Ph: 0404 006 444

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr G M Ferris, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Ferris is employed full time by the Company as Managing Director and, has a minimum of five years relevant experience in the style of mineralisation and type of deposit under consideration and qualifies as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” Mr Ferris consents to the inclusion of the information in this report in the form and context in which it appears.

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Figure 1. Location of the Waddikee project, central Eyre Peninsula,

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