Firefly Metals Ltd · ASX:FFM
Firefly Metals — Canaccord Genuity Annual Global Metals & Mining Conference 2025
47 slides from Firefly Metals's conference presentation, May 22, 2025
Slide 1: Revised Presentation
ASX: FFM | TSX: FFM Company Announcement 22 May 2025 Revised Presentation FireFly Metals Limited (ASX/TSX: FFM) (Company) released an announcement to ASX on 20 May 2025 titled ‘Canaccord Genuity Annual Global Metals & Mining Presentation’. Following discussions with the ASX, the Company has amended
Slide 2: High Grade Copper and Gold
ASX | TSX For personal use only FFM High Grade Copper and Gold Significant and immediate growth through the drill bit • Building world-class scale - Already 24.4Mt for 460kt M&I plus 34.5Mt for 690kt Inferred • Rapid Growth - Ramping up to 7 drill rigs turning • Dominant Position – A major copper an
Slide 3: Disclaimer, Compliance & Cautionary Statements
Not for release to US wire services or distribution in the United States DISCLAIMER, COMPLIANCE & CAUTIONARY STATEMENTS This presentation has been prepared by FireFly Metals Ltd (Company) based on information from its own and third party sources. No party other than the Company has authorised or cau
Slide 4: JORC Code and NI 43-101
JORC CODE AND NI 43-101 Mineral Resource Estimates and Exploration Results are calculated in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC For personal use only Code 2012) and Canadian National Instrument 43-1
Slide 5: Not a Prospectus, Disclosure or Offering Document
NOT A PROSPECTUS, DISCLOSURE OR OFFERING DOCUMENT 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 For personal use only or recommend
Slide 6: Investment Highlights
Investment Highlights Rapid low cost growth through the drill bit = a proven strategy for value creation For personal use only 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 Newfoundland Labrador, Cana
Slide 7: Exceptional Share Register and Strong Balance Sheet
Exceptional Share Register and Strong Balance Sheet Well-funded to deliver strong velocity of news flow through 2025 For personal use only CAPITAL STRUCTURE CURRENT Shares on issue 574.4M1 A$0.89 ~A$514M Management performance rights 36.1M2 Current Share Price1 Market Capitalisation1 SHAREHOLDER SUM
Slide 8: 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 Renée Roberts Darren Cooke Jessie Liu-Ernsting Independent Independent Chief Executive Chief Corporate Managing Director Executive Director Non-Execut
Slide 9: An Exceptional High-Grade Orebody
An Exceptional High-Grade Orebody Two separate mineralised copper and gold zones at the mine For personal use only High Grade Upper Copper & Gold VMS Zones Broad Footwall Copper Stringer Zone • 10.7m @ 12.2% CuEq (9.0% Cu & 3.6g/t Au) MUG24_095 • 86.3m @ 3.7% CuEq (3.1% Cu & 0.6g/t Au) MUG24_079 • 5
Slide 10: FireFly Metals Introduction Video
FireFly Metals Introduction Video For personal use only View the full video via the link: https://vimeo.com/1055831730 9
Slide 11: Newfoundland – A Maritime and Mining Province
Newfoundland – A Maritime and Mining Province A True Tier 1 Mining Jurisdiction For personal use only Newfoundland & Labrador ASX | TSX FFM 10
Slide 12: Newfoundland – A Maritime and Mining Province
Newfoundland – A Maritime and Mining Province Newfoundland For personal use only Hydro & Labrador FireFly Metals Green Bay Operations Ming Copper Mine Fully Operational Mine FireFly Metals Pine Cove Deepwater Port Hydro Project is accessible 365 days a year by road, air & sea Hydro 1.5 hour drive fr
Slide 13: Fully Operational Underground Mine
Fully Operational Underground Mine Massive Sulphide Excellent Underground Conditions For personal use only • Underground drilling ~130,000m programme 2025 High-Grade Copper-Gold (~15 metre wide development at 800 level) • 6x drill rigs operating (resource growth & infill) • New underground drill dri
Slide 14: Virtual Site Tour
View full video click link below: Virtual Site Tour View the full video on our website via the link: https://fireflymetals.com.au/green-bay- https://fireflymetals.com.au/green- copper-gold-project/ bay-copper-gold-project/ For personal use only ASX | TSX FFM 13
Slide 15: A Large-Scale Copper Gold VMS System
A Large-Scale Copper Gold VMS System High Grade VMS (Cu+Au) Zones and a Broad Footwall Stringer (Cu) Zone Shaft For personal use only Portal MING MINE RESOURCE UNMINED & OPEN M&I Resource: 22Mt @ 1.8% CuEq and 0mRL Inf Resource: 28Mt @ 2.0% CuEq Orebody starts 250m below surface MUG24-089 (VMS) 10.7
Slide 16: Strong Down Hole Electromagnetic (DHEM) Conductor
Strong Down Hole Electromagnetic (DHEM) Conductor Extending more than 700 metres beyond the extent of current drilling For personal use only ASX | TSX FFM 15 Depicts Mineral Resource, step out drillholes and in Green (DHEM plate)
Slide 17: Drilling throughout 2025
Drilling throughout 2025: Low-cost step-out growth, High value-add Infilling, Discoveries For personal use only Continued rapid growth in 2025: • Phase 2 drilling underway with 5 (moving to 6) x underground drill rigs: ✓ Step-out of high-grade VMS zones (currently 6Mt @ 4.3% CuEq and remains OPEN) ✓
Slide 18: A Lack of Copper Opportunities on the ASX
A Lack of Copper Opportunities on the ASX Very few ASX-listed companies with over 30,000 tonnes of attributable copper production 2023-2024 For personal use only 75,000 COPPER PRODUCTION - TONNES Green Bay Copper Gold Project has huge growth opportunity CY 2023 Actual – ASX1,2,3,4 Significant and im
Slide 19: A District Scale VMS Camp
MING MINE & INFRASTRUCTURE (mined 1975-current) A District Scale VMS Camp RAMBLER MAIN MINE (mined 1964-67) • Current Resource of 400kt M&I plus 580kt Inf CuEq metal. • Only mined to ~200m below surface • Mineralisation remains Open • Mineralisation remains Open • Recent drill results include: • Lim
Slide 20: Maiden Regional Drilling Intercepts High Grade Gold & Copper
Maiden Regional Drilling Intercepts High Grade Gold & Copper ‘Look-alike’ to the adjacent Ming Mine For personal use only • Maiden diamond drilling at Rambler Main - the first regional target • 10.0m @ 6.4% CuEq (5.7g/t Au, 1.3% Cu, 1.7% Zn & 20.9g/t Ag) ~ true thickness • 12.9m @ 4.3% CuEq (4.2g/t
Slide 21: Multiple Targets Adjacent to Copper & Gold Ming Mine
Multiple Targets Adjacent to Copper & Gold Ming Mine Potential for another Ming………? For personal use only • Multiple high priority regional targets to be drill tested over coming weeks through 2025 • Rambler Main Mine drill results show similar style mineralisation to adjacent Ming Mine • All target
Slide 22: Rapid Resource and Mine Growth Over Next Months
Rapid Resource and Mine Growth Over Next 12 Months Well-funded for significant velocity of news flow through 2025 For personal use only Milestone1 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2025 Key Deliverables 23 24 24 24 24 25 25 25 25 2024 – 2025 PROGRAM • Underground development drill drive Green Bay Project P
Slide 23: Green Bay Copper & Gold A Company Making Project
Green Bay Copper & Gold A Company Making Project GREEN BAY McILVENNA BAY COBAR ERNEST HENRY For personal use only Location Newfoundland, Canada Saskatchewan, Canada NSW, Australia Queensland, Australia Stage Pre-Development Development Production Production Resource for M&I : 24.4Mt @ 1.7% for 400kt
Slide 24: A Game Changing Catalyst Rich High-Grade Opportunity
A Game Changing Catalyst Rich High-Grade Opportunity Board & Management Team with a Proven Track Record of Creating Shareholder Wealth For personal use only Strong Cash Position of A$68.5 Million1 for Growth Throughout 2025 GREEN BAY COPPER & GOLD PROJECT • A fully operational underground mine in ti
Slide 25: Supplementary Information
Supplementary Information • Appendix 1. Green Bay Mineral Resources For personal use only • Appendix 2. Green Bay Project – Further Information • Significant Value Drivers Throughout 2025 “5 in 2025” • The Ingredients are already in place for a substantial Copper Mine • Existing Infrastructure = Low
Slide 26: Appendix – Green Bay Mineral Resources
Appendix 1 – Green Bay Mineral Resources1 Ming Deposit Mineral Resource Estimate For personal use only TONNES COPPER GOLD SILVER CuEq (Mt) Grade Metal Grade Metal Grade Metal Grade (%) (‘000 t) (g/t) (‘000 oz) (g/t) (‘000 oz) (%) Measured 4.7 1.7 80 0.3 40 2.3 340 1.9 Indicated 16.8 1.6 270 0.3 150
Slide 27: Ming Mine Mineral Resource Sensitivity
Ming Mine Mineral Resource Sensitivity For personal use only The Ming Mine1 is an even larger project at lower cutoff grades Cut-off Grade (Cu %) 0.5 551kt @ 1.4% CuEq M&I 702kt @ 1.7% CuEq Inferred 0.7 503kt @ 1.6% CuEq M&I 667kt @ 1.8% CuEq Inferred 0.9 436kt @ 1.7% CuEq M&I 612kt @ 2.0% CuEq Infe
Slide 28: Appendix – Green Bay Project Further Information
Appendix 2 – Green Bay Project Further Information For personal use only ASX | TSX FFM Twin boom jumbo at the Ming Mine 27
Slide 29: Significant Value Drivers Throughout 2025
Significant Value Drivers Throughout 2025 “5 in 2025” For personal use only Continue increasing the copper-gold Mineral Resource by extending the 1 Resource Growth known mineralisation in both the upper high-grade VMS as well as the broad footwall copper rich zone Converting Inferred Resources to Me
Slide 30: The Ingredients are Already in Place for a Substantial Copper Mine
The Ingredients are already in place for a substantial Copper Mine For personal use only A WORLD-CLASS VMS SYSTEM UNDERPINS THE MINE Large scale (24.4Mt M&I + 34.5Mt Inf) and High-Grade (2% Mineral Deposit CuEq) Copper-Gold Deposit, rapidly growing through drilling & exploration EXISTING INFRASTRUCT
Slide 31: Existing Infrastructure = Lower Capex and Rapid Start-up
Existing Infrastructure = Lower Capex and Rapid Start-up DEPTH Excellent Geotechnical For personal use only Surface 6m x 3m shaft to Conditions 0m Portal 630m below surface Upper FW Stope (unfired) in place (~750m below surface) Excellent Geotechnical Conditions Resource starts just Existing decline
Slide 32: Excellent Ground Conditions
Excellent Ground Conditions1 Low rock stress conditions allow for much deeper mining For personal use only Supported with existing decline, underground development & shaft ● The Mine is relatively shallow in comparison to other underground operations in Canada ● Low regional stress conditions allow
Slide 33: Green Bay Project Exploration Targeting
Green Bay Project Exploration Targeting MING DEPOSIT MODEL HIGHLIGHTS EXCEPTIONAL EXPLORATION UPSIDE1 For personal use only Ming North 1806 Parallel VMS EXPLORATION OPPORTUNITY 1807 zones untested • Limited exploration has been conducted in the past 40 years – a key opportunity Ming South • Downhole
Slide 34: Latest and Deepest Drill Holes
Latest and deepest drill holes 86.3m @ 3.7% CuEq and 58.2m @ 3.1% CuEq (True Widths) For personal use only • Best holes drilled by FireFly to date with thick consistent zones of high-grade copper and gold • Grade seems to be increasing down plunge • This hole has the highest-grade footwall zone enco
Slide 35: Drilling Hits Extensive Copper and Gold Outside Resource
Drilling hits extensive copper and gold outside Resource Plus, strong EM results highlight potential for significant mineralisation well beyond current drilling • Latest drilling has intersected high-grade copper and gold mineralisation more than 200m beyond the current Resource For personal use onl
Slide 36: A Large Scale Copper Gold VMS System
A Large Scale Copper Gold VMS System High Grade VMS (Cu+Au) Zones and a Broad Footwall Stringer (Cu) Zone Shaft For personal use only Portal MING MINE RESOURCE UNMINED & OPEN M&I Resource: 22Mt @ 1.8% CuEq and 0mRL Inf Resource: 28Mt @ 2.0% CuEq Orebody starts 250m below surface MUG24-089 (VMS) 10.7
Slide 37: Long Section of Ming Mine and Conductive Anomaly
Long section Ming underground mine and conductive anomaly extending more than 700m beyond the extent of current drilling. For personal use only ASX | TSX FFM 36 Depicts Mineral Resource, step out drillholes and in Green (DHEM plate)
Slide 38: Plan View of Drilling and DHEM Geophysical Anomaly
For personal use only Plan view of drilling and DHEM geophysical anomaly Note the scale and size of the anomaly ASX | TSX FFM 37 Plan view – previous images were long sections
Slide 39: Appendix – Pickle Crow Gold Deposit
Appendix 3 – Pickle Crow Gold Deposit High Grade 2.8Moz @ 7.2 g/t Gold Resource and Open For personal use only LOCATION THE ASSET – PICKLE CROW UPSIDE • Operating in a Tier 1 mining • High-grade historical gold • 2.8Moz @ 7.2g/t inferred gold jurisdiction, Ontario Canada production of 1.5Moz @ 16.1g
Slide 40: An Exceptional Asset in a World-Class Location
An Exceptional Asset in a World-Class Location Pickle Crow Gold Deposit is surrounded by World-Class Gold Mines For personal use only PICKLE CROW 2.8mOZ @ 7.2G/T Gold Resource ASX | TSX FFM 39
Slide 41: Significant Shallow Open Pit Potential
Significant Shallow Open Pit Potential For personal use only 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
Slide 42: Huge Discovery Potential - An Entire Mineral District
Huge Discovery Potential - An Entire Mineral District For personal use only 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 w
Slide 43: Appendix – 2023 Copper Production Data
Appendix 4 – 2023 Copper Production Data 2023 Cu Metal For personal use only PROPERTY CURRENT OWNER SOURCE DATA PRODUCTION (Tonnes) Ant Hill Austral Resources 9,267 1. March 2023 Quarterly Report. https://www.australres.com/media/1273/20230414-ar1-austral-march-2023-quarterly-report.pdf?utm_source=a
Slide 44: Appendix – 2023 Copper Production Data (cont)
Appendix 4 – 2023 Copper Production Data (cont) 2023 Cu For personal use only Metal PROPERTY CURRENT OWNER SOURCE DATA PRODUCTION (Tonnes) Sierra Gorda South 32 (45%) 64,400 1. March 2023 Quarterly Report. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02657109-6A114
Slide 45: Appendix - References
Appendix 5 - References: ‘ Green Bay Copper & Gold - A Company Making Project’ For personal use only Number FOOTNOTES Resources for McIlvenna Bay are calculated under the Canadian NI 43-101 standards and are regarded as Foreign Estimates. Resources for Green Bay, Cobar and Ernest Henry 1 Projects ar
Slide 46: Appendix 6 - External Company Resources & Reserves
Appendix 6- External Company Resources & Reserves Mineral Reserve Estimate– Mineral Resources – Foran Mining McIlvenna Bay Project1 Foran Mining McIlvenna Bay Project2,3 For personal use only Measured Indicated TOTAL M&I Inferred Proven Probable TOTAL MINERAL RESERVE McIlvenna McIlvenna McIlvenna To
Slide 47: Supplementary Information for Excellent Ground Conditions
Appendix 7 – Supplementary Information for slide titled ‘ Excellent Ground Conditions’ PROPERTY LOCATION CURRENT OWNER SOURCE DATA For personal use only Alamos Gold Inc. website states YD is a gold mine. https://www.alamosgold.com/operations/producing-mines/young-davidson- Commodity Gold canada/defa
FireFly Metals — Canaccord Genuity Annual Global Metals & Mining Conference 2025 on 6ix