Firefly Metals Ltd · ASX:FFM
Firefly Metals — Precious Metals Summit Beaver Creek 2024
34 slides from Firefly Metals's conference presentation, Sep 11, 2024
Slide 1: High-Grade Copper and Gold
ASX FFM For personal use only High-Grade Copper and Gold Significant and immediate growth through the drill bit • Company led by former Bellevue Gold and Northern Star executives with a proven track record • Targeting rapid resource growth • Building world-class scale • Two exceptional projects with
Slide 2: Disclaimer & Cautionary Statements
Not for release to US wire services or distribution in the United States DISCLAIMER & CAUTIONARY STATEMENTS This presentation has been prepared by FireFly Metals Limited (Company) based on information from its own and third party sources and is not a disclosure document. No party other than the Comp
Slide 3: Forward Looking Information
FORWARD LOOKING INFORMATION 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 For personal use only those described in the forward-looking statements as
Slide 4: Investment Highlights
Pickle Crow Gold Project Investment Highlights For personal use only Rapid low-cost growth through the drill bit - a proven strategy for value creation GREEN BAY COPPER GOLD PICKLE CROW GOLD PROVEN TRACK RECORD • High grade copper and gold in • High grade gold in Ontario, • Management team with a Ne
Slide 5: Exceptional Share Register and Strong Balance Sheet
Exceptional Share Register and Strong Balance Sheet Well-funded to deliver strong velocity of news flow through 2024 - 2025 For personal use only CAPITAL STRUCTURE CURRENT Shares on issue 480.7M1 A$0.83 A$400M Management performance rights 34.9M2 Current Share Price1 Market Capitalisation1 SHAREHOLD
Slide 6: Board and Management
Board and Management A Leadership team with proven success in the Resources Sector For personal use only Kevin Tomlinson Steve Parsons Michael Naylor Jessie Liu-Ernsting Renée Roberts Darren Cooke Independent Independent Independent Chief Executive Managing Director Executive Director Non-Executive
Slide 7: Transition to Copper
Transition to Copper Green Bay Copper-Gold Project (100% FireFly ownership) For personal use only ‘A Potential Game Changer’ • Acquired Green Bay Copper-Gold Project in District Scale October 2023 for A$65M • Dominant landholding of ‘Prime’ VMS mineralised rock types • Little exploration over the pa
Slide 8: Strategic Review of Pickle Crow
Pickle Crow Gold Project The High-Grade Pickle Crow Gold Project FireFly has commenced a strategic process to determine best way to create shareholder For personal use only value for Pickle Crow RATIONALE FOR STRATEGIC REVIEW OPTIONS FireFly has many options to create • Company Focus shareholder val
Slide 9: The World-Class Pickle Crow
Pickle Crow Gold Project The World-Class Pickle Crow Gold Project For personal use only Pickle Crow has one of the highest grade 2.8Moz gold resources globally in addition to significant district-scale discovery potential LOCATION • Operating in a stable Tier 1 mining jurisdiction, Ontario Canada •
Slide 10: Exceptional Unmined Drill Intersections
Pickle Crow Gold Project Exceptional UNMINED Drill Intersections For personal use only HIGH GRADE QUARTZ VEIN MINERALISATION (Red Lake Style) Exceptional Grades & Simple Metallurgy • 5.6m @ 33.4g/t Au • 7.3m @ 33.3g/t Au • 2.1m @ 92.0g/t Au • 7.8m @ 16.7g/t Au • 7.8m @ 17.0g/t Au • 2.0m @ 68.3g/t Au
Slide 11: A Rare Combination of both Scale and Grade
Pickle Crow Gold Project A Rare Combination of both SCALE and GRADE One of the highest-grade gold development project globally1 For personal use only 6,000,000 10.0 9.0 Total Resource Gold Ounces2 Total Resource Gold Grade2 5,000,000 8.0 7.2g/t Gold Grade 7.0 4,000,000 6.0 3,000,000 5.0 4.0 2,000,00
Slide 12: An Area of Significant Corporate Activity
Pickle Crow Gold Project An Area of Significant Corporate Activity For personal use only >US $2 Billion worth of transactions since 2019 in the same belt of rocks that hosts Pickle Crow ASSET Dixie Red Lake Phoenix STAGE Exploration, No Resource Production Feasibility LOCAL SELLER / TARGET TRANSACTI
Slide 13: Key Opportunities
Pickle Crow Gold Project Key Opportunities For personal use only RESOURCE GROWTH REGIONAL DISCOVERY • 2.8Moz @ 7.2g/t resource remains OPEN in all • Compelling regional drill-ready targets directions • Exceptional structural and geochemical • Potential to increase previously overlooked targets gener
Slide 14: 2.8 Million Ounces & Growing
Pickle Crow Gold Project 2.8 Million Ounces & Growing Strong and Consistent Resource Growth For personal use only 3,000,000 2.8Moz 2,500,000 2.2Moz 2,000,000 1.7Moz 1,500,000 1.0Moz 1,000,000 0.8Moz 500,000 0 Jun-20 Sep-20 Jun-21 Dec-21 Dec-22 Inferred Resource as at 31 December 20221 Lower Tonnes G
Slide 15: Overlooked Near Surface Potential
Pickle Crow Gold Project Overlooked Near Surface Potential For personal use only SIGNIFICANT SHALLOW POTENTIAL • Over 1Moz in-situ above 0.5g/t in the top 250 metres • Extensive shallow mineralisation in the top 250 metres below surface outside of the current Resource • Significant open pit potentia
Slide 16: Pickle Crow in 3D
ASX FFM For personal use only Pickle Crow in 3D • Land Holding • Infrastructure • Mine Development • Drilling • Near-Mine Potential • Regional Exploration Upside
Slide 17: District-Scale Land Holding with Excellent Infrastructure
Pickle Crow Gold Project District-Scale Land Holding with Excellent Infrastructure For personal use only 500km2 REGIONAL HOLDING INFRASTRUCTURE TO SUPPORT A FUTURE MINE • Adjacent to a fully serviced town with 365 days a year access • Hydro power runs through the property ASX FFM • 50-person camp &
Slide 18: Near Mine Discovery Potential & Accessibility
Pickle Crow Gold Project Near Mine Discovery Potential & Accessibility For personal use only POTENTIAL IN THE SHADDOW OF THE HEADFRAME UNDERGROUND INFRASTRUCTURE • Strong intersections within 3km of the resource • Historical 750ft level may be used as a drill platform ASX FFM
Slide 19: A Large-Scale High-Grade Mineralised System
Pickle Crow Gold Project A Large-Scale High-Grade Mineralised System For personal use only EXTENSIVE MINERALISATION OUTSIDE OF HISTORIC MINING ASX FFM
Slide 20: Outstanding Unmined Intersections
Pickle Crow Gold Project Outstanding Unmined Intersections For personal use only POTENTIAL TO SIGNIFICANTLY GROW THE RESOURCE ASX FFM
Slide 21: Camp-Scale Discovery Potential
Pickle Crow Gold Project Camp-Scale Discovery Potential For personal use only • District scale exploration play • Significant indicators of mineralisation well outside of current resource • Chronically under-explored ASX FFM
Slide 22: Exceptional Regional Discovery Potential
Pickle Crow Gold Project Exceptional Regional Discovery Potential For personal use only An entire mineral district GEOLOGY AND KEY RESULTS HELI-MAG DATA 2022 ASX FFM
Slide 23: A Compelling Investment Opportunity
Pickle Crow Gold Project A COMPELLING INVESTMENT OPPORTUNITY For personal use only One of the highest grade +2Moz Inferred Resources with strong potential to grow • Tier One Mining Jurisdiction in Ontario, Canada • Rare combination of SCALE and GRADE • At 2.8Moz @ 7.2g/t, Pickle Crow is one of the H
Slide 24: Pickle Crow Appendices
ASX FFM For personal use only Pickle Crow Appendices • Appendix 1: FireFly Mineral Resources • Appendix 2: Uchi sub-province • Appendix 3: ESG • Appendix 4: Further information on peer comparison slide titled ‘A rare combination of both scale and grade’ • Appendix 5: Corporate transaction informatio
Slide 25: Appendix – FireFly Metals Ltd Resources
Appendix 1 – FireFly Metals Ltd Resources For personal use only Mineral Resources – Green Bay Copper – Gold Project1 Measured Indicated Inferred TOTAL RESOURCE MING MINE Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Copper 1.71% 144kt 1.85% 284Kt 1.86% 120kt 1.81% 547kt
Slide 26: Appendix – The Uchi Sub-province
Pickle Crow Gold Project Appendix 2 – The Uchi Sub-province For personal use only One of the best addresses globally with world-class gold deposits ASX FFM
Slide 27: Appendix – Environment & Community
Pickle Crow Gold Project Appendix 3 – Environment & Community • Progressive rehab completed For personal use only The Cornerstone of our business • Baseline monitoring ongoing Environment • FireFly is NOT LIABLE for historical mining • Exploration agreement signed with liabilities – only activities
Slide 28: Appendix – Further Information on Peer Comparison
Appendix 4 – Further Information on peer comparison slide titled ‘A Rare combination of both scale and grade’1 CURRENT PROPERTY LOCATION METRIC SOURCE DATA For personal use only OWNER Commodity Gold Project Stage Pre-Mining https://degreymining.com.au/ Production Rate N/A Reporting Code JORC (2012)
Slide 29: Appendix – Continued
Appendix 41 – Continued CURRENT For personal use only PROPERTY LOCATION METRIC SOURCE DATA OWNER Commodity Gold https://ausgoldlimited.com/ Corporate Presentation, September 2024: https://cdn-api.markitdigital.com/apiman- Project Stage Pre-Development gateway/ASX/asx-research/1.0/file/2924-02847970-
Slide 30: Appendix – Continued
Appendix 41 – Continued CURRENT For personal use only PROPERTY LOCATION METRIC SOURCE DATA OWNER Commodity Gold https://orabandamining.com.au/ Project Stage Production North American Investor Presentation, 3 September 2024, https://orabandamining.com.au/download/corporate-presentation-north- Product
Slide 31: Appendix – Continued
Appendix 41 – Continued CURRENT PROPERTY LOCATION METRIC SOURCE DATA OWNER For personal use only Commodity Gold https://www.westgold.com.au Project Stage Production https://www.westgold.com.au/pdf/d5ff5105-39b1-4618-a863-63a76313e78d/June-24-Quarterly- Production Rate <100koz p.a Results.pdf Reporti
Slide 32: Appendix – Continued
Appendix 41 – Continued CURRENT PROPERTY LOCATION METRIC SOURCE DATA OWNER For personal use only Commodity Gold https://evolutionmining.com.au/ Project Stage Production Total attributable for Mungari. Company fact sheet. Production Rate ~130koz p.a https://evolutionmining.com.au/storage/2023/09/Mung
Slide 33: Appendix – Corporate Transaction Details
Appendix 5 – Corporate Transaction Details For personal use only SOURCE DATE ASSET TARGET/ SELLER ACQUIRER TRANSACTIONTYPE TRANSACTION VALUE Note 1 24/02/2022 Dixie Great Bear Resources Kinross Company acquisition US$1.4B Note 2 26/11/2019 Red Lake Newmont Mining Evolution Mining Asset Transaction t
Slide 34: Appendix 5 – Continued
Appendix 5– Continued Additional Information on Red Lake / Battle North Asset1 For personal use only CURRENT PROPERTY LOCATION METRIC SOURCE OWNER Commodity Gold Company website, https://evolutionmining.com.au/red-lake/ Project Stage Production FY24 Forecast, Red Lake Fact Sheet, https://evolutionmi
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