FireFly Metals Ltd. - Regulatory Filings 2016

Exploration Office Level 3, 100 Pirie Street ADELAIDE SA 5000

ABN: 96 110 336 733

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

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Thursday 7 January 2016

ASX RELEASE

Further High-Grade Rock Chips – Mt Ringwood Gold Project

HIGHLIGHTS

Results for the final batch of samples collected in December 2015 from the Mt Ringwood Gold Project reveal 34 rock chips with >1 g/t gold
High-grade gold up to 81 g/t recorded from sampling south of abandoned Goodall Gold Mine
Monax to undertake induced polarisation survey to assist with drill hole location in early 2016

Monax Mining Ltd (“Monax”) (ASX:MOX) is pleased to announce that it has received laboratory results for 121 samples recently collected at the Company’s Mt Ringwood Gold Project. A total of 34 samples reported >1 g/t gold (see Table 1).

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Plate 1: Sample 295487 which assayed 81 g/t gold (repeat assay = 80 g/t gold).

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The Mt Ringwood project area is located approximately 120km south of Darwin (Figure 1) within the Pine Creek area, which is renowned for in hosting shallow, high grade gold mineralisation. Mining in the area has taken place more or less continuously since the ‘gold rush’ in the area during the 1870’s.

Page 1

Table 1:

Results for samples reporting >1g/t gold from December field trip.

Site	Prospect	Easting	Northing	Sample No	Au (ppm)	Au (ppm) Rpt
304	JohnsHill	754532	8546324	295382	3.02	-
311	Star North	754235	8544692	295389	3.9	3.92
311	Star North	754235	8544692	295391	3.63	-
330	C8	753576	8541662	295406	15.6	15.8
331	C8	753573	8541653	295407	2.96	-
332	C8	753567	8541660	295408	1.45	-
333	C8	753568	8541627	295409	1.75	1.68
333	C8	753568	8541627	295410	3.36	-
343	C8	753625	8541369	295412	20.7	21
343	C8	753625	8541369	295413	16.7	16.6
358	GreatNorthern	762668	8539088	295418	1.4	-
365	Great Northern	762576	8538530	295422	1.57	-
365	GreatNorthern	762576	8538530	295423	2.72	-
371	GreatNorthern	762447	8538339	295425	1.07	-
411	Goodall	757236	8536608	295453	1.94	-
413	Goodall	757475	8536504	295457	24.7	24.1
413	Goodall	757475	8536504	295458	5.8	5.7
413	Goodall	757475	8536504	295459	9.4	9.5
413	Goodall	757475	8536504	295460	2.23	-
417	Goodall	757174	8536182	295465	31	32.3
425	Goodall	757491	8535646	295467	9.4	9.3
430	Goodall	756833	8536888	295470	1.17	-
436	Goodall	756813	8536755	295474	6	5.9
442	Goodall	757148	8537178	295480	68	68
442	Goodall	757148	8537178	295481	34	35
443	Goodall	757095	8537312	295483	1.65	-
444	Goodall	757098	8537320	295484	2.32	-
444	Goodall	757098	8537320	295485	10.3	11
445	Goodall	757015	8537320	295487	81	80
448	Goodall	756860	8537753	295489	14.2	14.2
502	GreatNorthern	762722	8539375	295506	1.01	-
502	GreatNorthern	762722	8539375	295507	1.03	-
502	Great Northern	762722	8539375	295508	8.9	9.1
502	GreatNorthern	762722	8539375	295509	3.58	-

Initial sampling programs completed by Monax reported high-grade gold from several localities within the tenement package (see Plate 1 & Figure 2).

Discussion of Results

The results reported are from the final mapping and sampling field trip undertaken in December 2015 and continue the exceptional results from previous field trips (see 15 October 2015; 26 October 2015; 27 November 2015 and 3 December 2015 ASX Releases for all sampling results for the Mt Ringwood Project).

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Sampling at the C8 area (see Figure 2 for location of C8 area) provided highly encouraging results with 7 out of the 8 samples collected reporting >1 g/t gold (see Table 1) with gold ranging from 0.79 g/t to 21 g/t. The reef at the C8 area is approximately 600m in length and comprises zones of buck quartz with zones of quartz with sulphide, similar to the Great Northern. Plate 2 and Plate 3 show two samples from the C8 area.

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Plate 2: Sample 295406 – 15.8 g/t gold.

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Plate 3: Sample 295412 – 21 g/t gold.

Further mapping and sampling south of the abandoned Goodall Gold Mine also reported encouraging results with 4 samples reporting >1oz/t gold (>31 g/t – see Table 1). Figure 3 shows the location of all samples collected in December 2015.

The initial mapping and sampling undertaken by Monax since acquiring the project has outlined several areas of interest including the Great Northern Mining Leases, Great Western Mining Leases, the areas along the western side of the project area including the Johns Hill and Star of the North Mining Leases together with the C5 and C8 areas and the area south of the abandoned Goodall Gold Mine.

Forward Program

Monax is currently compiling all of the mapping and sampling data to determine the next phase of exploration. The association of gold with sulphides (arsenopyrite and pyrite) is significant and will allow the use of induced polarisation (IP) surveys to assist with defining drilling targets.

Monax will organise a low cost IP survey to commence at the Great Northern and Great Western Mining Leases when access is approved after the wet season, with drilling to follow soon after. Monax is planning further mapping/sampling in the C5/C8 and Goodall areas to provide further information to assist the next phase of exploration in these areas.

If you have any queries, don’t hesitate to contact:

Gary Ferris Duncan Gordon Managing Director Adelaide Equity Partners Monax Mining Investor Relations Ph: (08) 8232 8320 Ph: 0404 006 444 Email: [email protected] Email: [email protected]

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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 2012 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.

Forward Looking Statements

“The information in this report includes forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside of the control of, and may be unknown to, the Company. Actual results and developments may vary materially from those expressed in these materials. The types of uncertainties which are relevant to the Company may include, but are not limited to, commodity prices, political uncertainty, changes to the regulatory framework which applies to the business of the Company and general economic conditions. Given these uncertainties, readers are cautioned not to place undue reliance on such forward looking statements.

Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or any change in events, conditions or circumstances on which any such statement is based.”

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Table 2:

Results from December 2015 sampling at the Mt Ringwood Gold Project

Site	Prospect	Easting	Northing	Sample No	Au (ppm)	Au (ppm) Rpt
304	JohnsHill	754532	8546324	295381	0.55	-
304	Johns Hill	754532	8546324	295382	3.02	-
304	JohnsHill	754532	8546324	295383	0.04	-
305	JohnsHill	754536	8546301	295384	0.35	-
306	Johns Hill	754525	8546263	295385	0.01	-
307	JohnsHill	754524	8546288	295386	0.34	-
309	Star North	754411	8544838	295387	0.23	-
309	Star North	754411	8544838	295388	0.96	-
311	Star North	754235	8544692	295389	3.9	3.92
311	Star North	754235	8544692	295390	0.29	-
311	Star North	754235	8544692	295391	3.63	-
312	Star North	754231	8544771	295392	0.01	-
312	Star North	754231	8544771	295393	0.03	-
313	Star North	754146	8544632	295394	0.43	-
313	Star North	754146	8544632	295395	0.49	-
314	Star North	754040	8544392	295396	0.19	-
318	Star North	754583	8544446	295397	0.01	-
320	Star North	754476	8544307	295398	0.12	-
320	Star North	754476	8544307	295399	0.07	-
321	Star North	754479	8544318	295400	0.16	-
322	Star North	754474	8544345	295401	0.1	-
322	Star North	754474	8544345	295402	0.03	-
323	Star North	754477	8544357	295403	0.05	-
325	Star North	754477	8544448	295404	0.08	-
326	Star North	754405	8544319	295405	0.01	-
330	C8	753576	8541662	295406	15.6	15.8
331	C8	753573	8541653	295407	2.96	-
332	C8	753567	8541660	295408	1.45	-
333	C8	753568	8541627	295409	1.75	1.68
333	C8	753568	8541627	295410	3.36	-
339	C8	753588	8541445	295411	0.79	-
343	C8	753625	8541369	295412	20.7	21
343	C8	753625	8541369	295413	16.7	16.6
352	GreatWesternarea	760024	8543586	295414	0.91	-
354	Great Western area	760102	8543651	295415	0.08	-
356	GreatWesternarea	760268	8543536	295416	0.02	-
358	GreatNorthern	762668	8539088	295417	0.12	-
358	Great Northern	762668	8539088	295418	1.4	-
359	GreatNorthern	762680	8539097	295419	0.19	-
360	GreatNorthern	762677	8539104	295420	0.44	-
361	Great Northern	762725	8539144	295421	0.65	-
365	GreatNorthern	762576	8538530	295422	1.57	-
365	GreatNorthern	762576	8538530	295423	2.72	-
370	Great Northern	762464	8538324	295424	0.07	-
371	GreatNorthern	762447	8538339	295425	1.07	-

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378	Great Northern	760588	8538833	295426	-0.01	-
381	GreatNorthern	760616	8538070	295427	0.01	-
382	SouthGreatNorthern	760348	8539254	295428	0.04	-
383	South Great Northern	761919	8536845	295429	0.01	-
383	SouthGreatNorthern	761919	8536845	295430	-0.01	-
383	SouthGreatNorthern	761919	8536845	295431	0.21	-
384	South Great Northern	761887	8536839	295432	-0.01	-
385	SouthGreatNorthern	761831	8536968	295433	-0.01	-
386	SouthGreatNorthern	761833	8536973	295434	0.02	-
387	South Great Northern	761858	8537090	295435	0.02	-
389	SouthGreatNorthern	761949	8537143	295436	-0.01	-
390	SouthGreatNorthern	761975	8537183	295437	-0.01	-
391	South Great Northern	761966	8537253	295438	0.02	-
392	SouthGreatNorthern	761965	8537279	295439	0.05	-
393	SouthGreatNorthern	761904	8537303	295440	-0.01	-
394	South Great Northern	762103	8537266	295441	-0.01	-
395	SouthGreatNorthern	762137	8537473	295442	0.02	-
399	SouthGreatNorthern	762251	8537827	295443	0.05	-
400	South Great Northern	762055	8536903	295444	-0.01	-
402	SouthGreatNorthern	762214	8536074	295445	-0.01	-
403	SouthGreatNorthern	762239	8536040	295446	0.01	-
403	South Great Northern	762239	8536040	295447	-0.01	-
404	SouthGreatNorthern	762317	8534215	295448	0.04	-
404	SouthGreatNorthern	762317	8534215	295449	0.07	-
406	South Great Northern	761425	8534195	295450	0.04	-
406	SouthGreatNorthern	761425	8534195	295451	-0.01	-
408	SouthGreatNorthern	762519	8535289	295452	-0.01	-
411	Goodall	757236	8536608	295453	1.94	-
411	Goodall	757236	8536608	295454	0.62	-
411	Goodall	757236	8536608	295455	0.51	-
412	Goodall	757250	8536612	295456	0.08	-
413	Goodall	757475	8536504	295457	24.7	24.1
413	Goodall	757475	8536504	295458	5.8	5.7
413	Goodall	757475	8536504	295459	9.4	9.5
413	Goodall	757475	8536504	295460	2.23	-
416	Goodall	757271	8536304	295461	0.13	-
416	Goodall	757271	8536304	295462	0.02	-
417	Goodall	757174	8536182	295463	0.02	-
417	Goodall	757174	8536182	295464	0.13	-
417	Goodall	757174	8536182	295465	31	32.3
418	Goodall	757297	8536179	295466	0.77	-
425	Goodall	757491	8535646	295467	9.4	9.3
428	Goodall	757556	8535793	295468	0.02	-
429	Goodall	756836	8536902	295469	0.71	-
430	Goodall	756833	8536888	295470	1.17	-
430	Goodall	756833	8536888	295471	0.13	-
433	Goodall	756818	8536807	295472	0.84	-

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433	Goodall	756818	8536807	295473	0.15	-
436	Goodall	756813	8536755	295474	6	5.9
438	Goodall	756745	8536653	295475	0.02	-
440	Goodall	756629	8536664	295476	0.15	-
440	Goodall	756629	8536664	295477	0.09	-
440	Goodall	756629	8536664	295478	0.05	-
440	Goodall	756629	8536664	295479	0.05	-
442	Goodall	757148	8537178	295480	68	68
442	Goodall	757148	8537178	295481	34	35
443	Goodall	757095	8537312	295482	0.9	-
443	Goodall	757095	8537312	295483	1.65	-
444	Goodall	757098	8537320	295484	2.32	-
444	Goodall	757098	8537320	295485	10.3	11
445	Goodall	757015	8537320	295486	0.19	-
445	Goodall	757015	8537320	295487	81	80
447	Goodall	756870	8537785	295488	0.79	-
448	Goodall	756860	8537753	295489	14.2	14.2
449	Goodall	756850	8537731	295490	0.12	-
452	Goodall	756823	8537560	295491	0.49	-
454	Goodall	756818	8537451	295492	0.37	-
455	Goodall	756829	8537432	295493	0.13	-
502	Great Northern	762722	8539375	295505	0.45	-
502	GreatNorthern	762722	8539375	295506	1.01	-
502	GreatNorthern	762722	8539375	295507	1.03	-
502	Great Northern	762722	8539375	295508	8.9	9.1
502	GreatNorthern	762722	8539375	295509	3.58	-
502	GreatNorthern	762722	8539375	295510	0.1	-
503	Great Northern	762693	8539350	295511	0.41	-
503	GreatNorthern	762693	8539350	295512	0.39

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Figure 1. Location of Mt Ringwood Project

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Figure 2. Summary of prospects and reconnaissance sampling on Mt Ringwood Project (Note – C3, C4, C5 & C8 = historical Western Mining prospects; Green triangles = anomalous Anglogold historical rock chip locations; black text for Monax samples shown in red & black circles = gold values in ppm or g/t).

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Figure 3. Summary of November/December 2015 sampling on Mt Ringwood Project.

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JORC Code, 2012 Edition – Table 1 report template 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 channels, random chips, or		Samples were collected from selected outcrops of quartz reef and old
techniques			specific specialised industry standard measurement tools appropriate		prospector pits.
			to the minerals under investigation, such as down hole gamma		The samples are not considered as being highly representative.
			sondes, or handheld XRF instruments, etc). These examples should		There has been insufficient exploration to define a Mineral Resource
			not be taken as limiting the broad meaning of sampling.		and it is uncertain if further exploration will result in the determination
			Include reference to measures taken to ensure sample representivity		of a Mineral Resource.
			and the appropriate calibration of any measurement tools or systems
			used.
			Aspects of the determination of mineralisation that are Material to the
			Public Report.
			In cases where ‘industry standard’ work has been done this would be
			relatively simple (eg ‘reverse circulation drilling was used to obtain 1
			m samples from which 3 kg was pulverised to produce a 30 g charge
			for fire assay’). In other cases more explanation may be required,
			such as where there is coarse gold that has inherent sampling
			problems. Unusual commodities or mineralisation types (eg
			submarine nodules) may warrant disclosure of detailed information.
Drilling			Drill type (eg core, reverse circulation, open-hole hammer, rotary air		Not Applicable – no drilling results reported.
techniques			blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple
			or standard tube, depth of diamond tails, face-sampling bit or other
			_type, whether core is oriented and ifso, by what method, etc). _
Drill	sample		Method of recording and assessing core and chip sample recoveries		Not Applicable – no drilling results reported.
recovery			and results assessed.
			Measures taken to maximise sample recovery and ensure
			representative nature of the samples.
			Whether a relationship exists between sample recovery and grade
			and whether sample bias may have occurred due to preferential
			loss/gainof fine/coarse material.
Logging			Whether core and chip samples have been geologically and		Not Applicable – no drilling results reported.
			geotechnically logged to a level of detail to support appropriate
			Mineral Resource estimation, mining studies and metallurgical
			studies.
			Whether logging is qualitative or quantitative in nature. Core (or
			costean, channel, etc) photography.
			_The total length and percentage of the relevant intersections logged. _
Sub-sampling			If core, whether cut or sawn and whether quarter, half or all core		No sample preparation was completed by Monax on samples
techniques and			taken.		collected in the field. Samples were crushed and pulverised at the
sample			If non-core, whether riffled, tube sampled, rotary split, etc and		laboratoryfor analysis

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Criteria	Criteria		JORC Code explanation	JORC Code explanation	Commentary	Commentary
preparation				whether sampled wet or dry.		The laboratory assay duplicates and standards as a standard
				For all sample types, the nature, quality and appropriateness of the		procedure with all results within error of expected results.
				sample preparation technique.		The sample sizes are considered appropriate for reconnaissance
				Quality control procedures adopted for all sub-sampling stages to		sampling of quartz reefs.
				maximise representivity of samples.
				Measures taken to ensure that the sampling is representative of the in
				situ material collected, including for instance results for field
				duplicate/second-half sampling.
				Whether sample sizes are appropriate to the grain size of the material
				_being sampled. _
Quality		of		The nature, quality and appropriateness of the assaying and		Rock chips were assayed in a commercial laboratory using standard
assay data		and		laboratory procedures used and whether the technique is considered		methods for gold.
laboratory				partial or total.		Gold was determined by fire assay with a nominal 40g charge
tests				For geophysical tools, spectrometers, handheld XRF instruments, etc,		analysed. Au is determined with AAS finish.
				the parameters used in determining the analysis including instrument
				make and model, reading times, calibrations factors applied and their
				derivation, etc.		Laboratory QA/QC samples and sample duplicates were assayed by
				Nature of quality control procedures adopted (eg standards, blanks,		the laboratory with all results within expected error range. Samples
				duplicates, external laboratory checks) and whether acceptable levels		were assayed at Bureau Veritas laboratory in Adelaide.
				of accuracy (ie lack of bias) and precision have been established.
Verification		of		The verification of significant intersections by either independent or		Not Applicable – no drilling results reported.
sampling		and		alternative company personnel.		No assay results have been adjusted.
assaying				The use of twinned holes.
				Documentation of primary data, data entry procedures, data
				verification, data storage (physical and electronic) protocols.
				_Discuss any adjustment to assay data. _
Location		of		Accuracy and quality of surveys used to locate drill holes (collar and		Rock chip sample locations were collected using a hand held Garmin
data	points			down-hole surveys), trenches, mine workings and other locations		GPS (+/- 5m accuracy).
				used in Mineral Resource estimation.		MGA94 (Zone 52)
				Specification of the grid system used.
				Quality and adequacy of topographic control.
Data	spacing			Data spacing for reporting of Exploration Results.		The data is not appropriate for use in estimating a Mineral Resource
and				Whether the data spacing and distribution is sufficient to establish the		and is not intended for such use. There has been insufficient
distribution				degree of geological and grade continuity appropriate for the Mineral		exploration to define a Mineral Resource and it is uncertain if further
				Resource and Ore Reserve estimation procedure(s) and		exploration will result in the determination of a Mineral Resource.
				classifications applied.
				Whether sample compositing has been applied.		No sample compositing was undertaken.
Orientation		of		Whether the orientation of sampling achieves unbiased sampling of		The samples were collected at selected sites and is unknown if this
data	in relation			possible structures and the extent to which this is known, considering		results in biased or unbiased sampling.
to	geological			the deposit type.
				_Ifthe relationship between the drilling orientation and the orientation _

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Criteria		JORC Code explanation	JORC Code explanation	Commentary	Commentary
structure			of key mineralised structures is considered to have introduced a
			sampling bias, this should be assessed and reported if material.
Sample			The measures taken to ensure sample security.		The samples were collected and transported to an Interstate transport
security					company for delivery to the Adelaide Laboratory by a Monax
					representative. All appropriates measures were taken for sample
					security.
Audits	or		The results of any audits or reviews of sampling techniques and data.		No audits or reviews have been completed.
reviews

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria		JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral			Type, reference name/number, location and ownership including		The areas sampled are located on Mining Leases and Exploration
tenement	and		agreements or material issues with third parties such as joint		Licences held by private individuals. Monax has negotiated an
land	tenure		ventures, partnerships, overriding royalties, native title interests,		Option to Purchase deal with each leaseholder the details of which
status			historical sites, wilderness or national park and environmental		are outlined within previous ASX Releases.
			settings.
			The security of the tenure held at the time of reporting along with any		The Mining Leases and Exploration Licences are free of any known
			known impediments to obtaining a licence to operate in the area.		impediments.
Exploration			Acknowledgment and appraisal of exploration by other parties.		A variety of exploration companies have undertaken work within the
done by	other				area of the two Exploration Licences. Western Mining (EL 2362)
parties					undertook exploration along the western boundary of the area.
					Exploration comprised helicopter reconnaissance and rock chip
					sampling, mapping, soil sampling and costeaning. Western Mining
					drilled 3 diamond holes at C3 anomaly and 5 RC holes at C4 anomaly
					with some elevated gold values reported. Anglogold Australasia and
					Acacia Resources explored the eastern part of the area. Limited rock
					chip sampling reported some elevated gold up to 10.9 g/t (CR 2001-
					0225). The Goodall Gold Mine located adjacent to EL 29966
					produced 4095 kg of gold with a head grade of 1.99 g/t Au between
					1988-1993.
Geology			Deposit type, geological setting and style of mineralisation.		Sediment hosted quartz saddle reefs.
Drill	hole		A summary of all information material to the understanding of the		Not Applicable – no drilling results reported.
Information			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
			metres) of the drill hole collar
			`o` dip and azimuth of the hole
			`o` _down hole length and interception depth _

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Criteria		JORC Code explanation	JORC Code explanation	Commentary	Commentary
			`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			In reporting Exploration Results, weighting averaging techniques,		Not Applicable – no drilling results reported.
aggregation			maximum and/or minimum grade truncations (eg cutting of high
methods			grades) and cut-off grades are usually Material and should be stated.
			Where aggregate intercepts incorporate short lengths of high grade
			results and longer lengths of low grade results, the procedure used
			for such aggregation should be stated and some typical examples of
			such aggregations should be shown in detail.
			The assumptions used for any reporting of metal equivalent values
			_should be clearly stated. _
Relationship			These relationships are particularly important in the reporting of		Not Applicable – no drilling results reported.
between			Exploration Results.
mineralisation			If the geometry of the mineralisation with respect to the drill hole
widths	and		angle is known, its nature should be reported.
intercept			If it is not known and only the down hole lengths are reported, there
lengths			should be a clear statement to this effect (eg ‘down hole length, true
			_width not known’). _
Diagrams			Appropriate maps and sections (with scales) and tabulations of		Map showing tenement locations is included in Release and results
			intercepts should be included for any significant discovery being		are presented in Table format within the Release.
			reported These should include, but not be limited to a plan view of
			_drill hole collar locations and appropriate sectional views. _
Balanced			Where comprehensive reporting of all Exploration Results is not		Results of all samples are included in Table within ASX Release.
reporting			practicable, representative reporting of both low and high grades
			and/or widths should be practiced to avoid misleading reporting of
			_Exploration Results. _
Other			Other exploration data, if meaningful and material, should be reported		Historical rock chip results have been discussed in previous ASX
substantive			including (but not limited to): geological observations; geophysical		Releases.
exploration			survey results; geochemical survey results; bulk samples – size and
data			method of treatment; metallurgical test results; bulk density,
			groundwater, geotechnical and rock characteristics; potential
			_deleterious or contaminating substances. _
Further work			The nature and scale of planned further work (eg tests for lateral		Monax is planning an induced polarisation survey in early 2016
			extensions or depth extensions or large-scale step-out drilling).		followed by drilling or costeaning.
			Diagrams clearly highlighting the areas of possible extensions,
			including the main geological interpretations and future drilling areas,
			_provided this information is not commercially sensitive. _

Page 14

AI assistant

FireFly Metals Ltd. Regulatory Filings 2016

48548_rns_2016-01-06_47787644-ac10-4a9d-86c3-d75d336df7d4.pdf

ABN: 96 110 336 733

ASX RELEASE

Further High-Grade Rock Chips – Mt Ringwood Gold Project

HIGHLIGHTS

Table 1:

Discussion of Results

Forward Program

Forward Looking Statements

Table 2:

(Criteria in this section apply to all succeeding sections.)

Section 2 Reporting of Exploration Results

AI assistant

FireFly Metals Ltd. — Regulatory Filings 2016

48548_rns_2016-01-06_47787644-ac10-4a9d-86c3-d75d336df7d4.pdf

ABN: 96 110 336 733

ASX RELEASE

Further High-Grade Rock Chips – Mt Ringwood Gold Project

HIGHLIGHTS

Table 1:

Discussion of Results

Forward Program

Forward Looking Statements

Table 2:

(Criteria in this section apply to all succeeding sections.)

Section 2 Reporting of Exploration Results

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FireFly Metals Ltd. Regulatory Filings 2016