Slide 1: High Grade Copper and Gold: Ongoing Consistent Growth at the Green Bay Project
ASX | TSX For personal use only FFM High Grade Copper and Gold Ongoing Consistent Growth at the Green Bay Project • Building world-class scale: 80Mt @ 2.2% for 1.7Mt CuEq for a total of 1.4Mt of copper and 1.1Moz of gold (50.4Mt @ 2.0% CuEq for 863kt Cu and 546koz Au in M&I + 29.3Mt @ 2.5% CuEq for
Slide 2: Disclaimer, Compliance & Cautionary Statements
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 caused the issue, For personal use only lodgement, submission, dispatch or p
Slide 3: Foreign Resource Estimate – Green Bay Project (August 2023)
FOREIGN RESOURCE ESTIMATE – GREEN BAY PROJECT (AUGUST 2023) The Company first announced the foreign estimate of mineralisation for the Green Bay Project on 31 August 2023 (Foreign Estimate). At that time, the Mineral Resource Estimate was a foreign estimate prepared in accordance with Canadian Natio
Slide 4: 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 • Sale for A$86M to Bellavista • Management team with a Newfoundland & Labrador, C
Slide 5: Exceptional Share Register & Strong Balance Sheet
Exceptional Share Register & Strong Balance Sheet Strong velocity of news flow through 2026/2027 For personal use only CAPITAL STRUCTURE CURRENT Shares on issue 769M1 A$1.94 ~A$1.5B Management performance rights 45.5M2 Current Share Price1 Market Capitalisation1 SHAREHOLDERS OVER 5% SUMMARY3 Austral
Slide 6: Green Bay Is An Exceptional High-Grade VMS Project
Green Bay Is An Exceptional High-Grade VMS Project Multiple copper & gold zones and all remain Open *All drill holes ~ true thickness unless noted 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 •
Slide 7: FireFly's Key Strategic Value Drivers in 2026
FireFly’s Key Strategic Value Drivers in 2026 Unlocking value at Green Bay For personal use only In-Mine Growth & Discovery 1 Demonstrating the combination of SCALE and GRADE “Low Hanging Fruit” Pathway Towards A Large-Scale Copper Mine 2 Environmentally Permitted with an infrastructure headstart “H
Slide 8: Strategic Value Driver – In Mine-Growth & Discovery
Strategic Value Driver – In Mine-Growth & Discovery 1 Demonstrating the combination of SCALE and GRADE For personal use only “Low Hanging Fruit” 1 Mine Growth and Discovery: • Resource Growth • Resource Conversion • In-Mine Exploration ASX | TSX FFM 8
Slide 9: Consistent Ongoing Low-Cost Growth at Green Bay
Consistent Ongoing Low-Cost Growth at Green Bay With an exceptional high-grade Copper & Gold Core-Zone that remains OPEN For personal use only 1,200,000 • Since acquisition (2 years) the MRE has grown at a rapid rate • M&I category at Ming has grown 121% (from 21.5Mt to 47.5Mt) now 1,000,000 making
Slide 10: Ming Underground Mine: Consistent high-grade copper & gold that remains open
Ming Underground Mine Consistent high-grade copper & gold that remains open For personal use only • Recent Resource upgrade sets the MING MINE RESOURCE - UNMINED & OPEN platform for further growth in 2026 0mRL M&I Resource: 48Mt @ 2.0% CuEq Inf Resource: 23Mt @ 2.6% CuEq • ~333,000m UG drilling comp
Slide 11: Ming Underground Mine: 3.9% copper & gold Core Zone
Ming Underground Mine An exceptionally high-grade 3.9% copper & gold Core Zone that remains open For personal use only Green Bay Resource of: 80Mt @ 2.2% for 1.7Mt CuEq • Consistent high-grade that remains open M&I Resource: 48Mt @ 2.0% CuEq Inf Resource: 23Mt @ 2.6% CuEq • A very high-grade core zo
Slide 12: Platform Set For Catalyst-Rich 2026
Platform Set For Catalyst-Rich 2026 Growth, Upgrades, Step-Out, Discovery Drilling, Studies For personal use only • 6x drill rigs to continue drilling underground into 2026 • Drilling for high-grade Mineral Resource growth • High grade core-zone extensions Planned infill and conversion of • Utilisin
Slide 13: Pathway Towards An Upscaled Copper Mine
2 Strategic Value Driver – Pathway Towards An Upscaled Copper Mine “How Big Can Green Bay Be?” For personal use only “Pathway towards a Large-Scale Copper Mine” Town & 2 Workforce Port 5km Hydro Power Line Office Camp rooms • Jurisdiction • Infrastructure headstart Core yard • Already Environmental
Slide 14: 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 15: Economic studies targeting large-scale & long-life mine
Economic studies targeting large-scale & long-life mine Environmental approval secured for initial upscaled restart mining operation with construction For personal use only of TSF on site and new plant with throughput capacity of up to 1.8Mtpa1 Significant Progress to Date – Economic Studies schedul
Slide 16: Strategic Value Driver - Regional Discovery
3 Strategic Value Driver - Regional Discovery 100% Ownership of a major VMS minerals District For personal use only “2026 Drill, Drill, Drill” 3 • Ming Near-Mine • Rambler Regional • Tilt Cove Project • Little Deer Project ASX | TSX FFM 16
Slide 17: VMS Mineralisation Occurs in Clusters
VMS Mineralisation Occurs in Clusters Multiple regional targets for testing at the Green Bay Copper-Gold Project For personal use only Regional Camp-Scale VMS Potential at Regional Targets for Testing in 2026 Ming Mine, Rambler Main Mine, East Mine, Tilt Cove & • Multiple shallow targets throughout
Slide 18: Surrounding the Ming Mine are Multiple VMS Clusters
Surrounding the Ming Mine are Multiple VMS Clusters Shallow Drill Targets in 2026 = DRILL DRILL DRILL MING MINE UNTESTED For personal use only MING-ORIENTED M&I Resource: 48Mt @ 2.0% CuEq 5,535,000mN CONDUCTIVE TRENDS Inf Resource: 23Mt @ 2.6% CuEq Open Down Plunge • Multiple regional UNTESTED MING-
Slide 19: Initial Regional Drilling Intercepts High Grade
Initial Regional Drilling Intercepts High Grade Rambler Main a Potential ‘look-alike’ to the adjacent Ming Mine For personal use only • Maiden diamond drilling at Rambler Main historical mine - our first regional target • 10.0m @ 6.4% CuEq (5.7g/t Au, 1.3% Cu, 1.7% Zn & 20.9g/t Ag) ~ true thickness
Slide 20: Camp-Scale Discovery Potential at Green Bay Project
Camp-Scale Discovery Potential at Green Bay Project FireFly has secured the key VMS horizons in the district For personal use only Tilt Cove Regional Exploration Project – Large Scale Discovery Potential Historical Mining at Tilt Cove Large Untested EM Anomaly • 115km2 area only ~30km east of Ming m
Slide 21: 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 2026 For personal use only Deliverables • Underground development drill drive platforms • 6 x underground drill rigs targeting resource growth, infill, upgrades & discovery • 3 x surface dril
Slide 22: Green Bay is a globally significant Copper deposit
Green Bay is a globally significant Copper deposit A standout Copper project For personal use only 1,200,000 6.0% Mineral Resource – Contained Copper (t) Mineral Resource – Copper Grade (%) 1,000,000 5.0% 800,000 4.0% 600,000 3.0% 400,000 2.0% 200,000 1.0% - 0.0% Arctic Ernest Henry Green Green Bay
Slide 23: A Lack of Copper Opportunities on the ASX & TSX
A Lack of Copper Opportunities on the ASX & TSX Few junior companies with projects producing >30,000 tonnes of Cu in 2024-2025 For personal use only 100,000 COPPER PRODUCTION (tonnes) 75,000 CY 2024 Actual - ASX1,2,3,4 Green Bay Copper Gold Project has huge growth opportunity 50,000 Targeting a larg
Slide 24: Catalyst Rich High-Grade Growth in 2026/2027
Catalyst Rich High-Grade Growth in 2026/2027 Board & Management Team with a Proven Track Record of Creating Shareholder Wealth For personal use only GREEN BAY COPPER & GOLD PROJECT • A fully operational underground mine in tier one mining jurisdiction • Large high-grade Copper-Gold resource that con
Slide 25: Supplementary Information
Supplementary Information For personal use only • Appendix 1. Green Bay Mineral Resources • Appendix 2. A Large Growing Resource and Cutoff Grade Sensitivity – Contained Metal • Appendix 3. Green Bay Project – Further Information • FireFly to unlock value of Pickle Crow Gold Project with ~$86.1M sal
Slide 26: Appendix – Green Bay Mineral Resources
Appendix 1 – Green Bay Mineral Resources1 Ming Deposit Mineral Resource Estimate TONNES COPPER GOLD SILVER CuEq For personal use only (Mt) Grade Metal Grade Metal Grade Metal Grade (%) (‘000 t) (g/t) (‘000 oz) (g/t) (‘000 oz) (%) Measured 6.3 1.5 94 0.3 50 1.9 388 1.7 Indicated 41.2 1.7 708 0.4 488
Slide 27: Appendix - A Large Growing Resource at Green Bay
Appendix 2 - A Large Growing Resource at Green Bay and a Much Bigger Prize…… • If the cutoff is reduced to 0.8% Copper, the MRE For personal use only increases to: 61Mt @ 1.8% for 1.1Mt CuEq M&I 33Mt @ 2.3% for 0.8Mt CuEq Inf • The current MRE and CuEq calculations are based on conservative commodit
Slide 28: Appendix – Green Bay Project Further Information
Appendix 3 – Green Bay Project Further Information For personal use only • FireFly to unlock value of Pickle Crow Gold 3.1. Project with ~$86.1M sale price • Leadership team 3.2. • Management team with in-depth Canadian 3.3. mining expertise • Existing infrastructure, permitted ready for 3.4. start-
Slide 29: FireFly to unlock value of Pickle Crow Gold Project with ~$86.1M sale price
APPENDIX 3.1 FireFly to unlock value of Pickle Crow Gold Project with ~$86.1M sale price For personal use only Shareholders will receive stock in project buyer Bellavista Resources Ltd (ASX:BVR) • FireFly has agreed to sell its Ontario gold assets, including its 70% interest in the Pickle Crow Proje
Slide 30: Board and Management
APPENDIX 3.2 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 Leanne Heywood Darren Cooke Independent Independent Independent Managing Director Executive Director Chief Executive Office
Slide 31: Exceptional Management and In-Country Team
APPENDIX 3.3 Exceptional Management and In-Country Team Management team with in-depth Canadian mining expertise For personal use only Jessie Liu-Ernsting Chen Sun Laura Noonan-Crowe Gus Simbanegavi David Southam Chief Corporate Chief General Counsel Vice Offtake Development Financial and Company Pre
Slide 32: Existing Infrastructure, Permitted Ready for Start-Up
APPENDIX 3.4 Existing Infrastructure, Permitted Ready for 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 Existi
Slide 33: Ming Underground Mine
APPENDIX 3.5 Ming Underground Mine An extremely high-grade +800m copper & gold core zone that remains open For personal use only • 49.0m @ 6.1% CuEq Portal (internal high-grade zone of 14.3m @ 13.7% CuEq) (~39.2m true thickness) • Furthest step-out ever drilled & one of the best holes ever drilled •
Slide 34: High-Grade 'Convergent' Zone Core Photos
APPENDIX 3.6 High-Grade ‘Convergent’ Zone Core Photos For personal use only Core photographs for MUG25-202 showing the new very high-grade core zone. This convergent zone consists of the upper VMS zone (827m-841.25m) that grades 14.3m @ 13.7% CuEq and the adjacent broad FWZ stringer- style mineralis
Slide 35: Green Bay Project Exploration Targeting
APPENDIX 3.7 Green Bay Project Exploration Targeting MING DEPOSIT MODEL HIGHLIGHTS EXCEPTIONAL EXPLORATION UPSIDE1 For personal use only Ming North EXPLORATION OPPORTUNITY 1806 Parallel VMS 1807 zones untested • Limited exploration has been conducted Ming South in the past 40 years – a key opportuni
Slide 36: External Company Resources & Reserves – Foran McIlvenna Bay
Appendix 4- External Company Resources & Reserves Mineral Resources – Foran Mining McIlvenna Bay Project1,2,3,4,5 For personal use only Measured Indicated TOTAL M&I Inferred 1. Source: 2025 Technical Report on the McIlvenna Bay Project, Seskatchewan, Canada. McIlvenna McIlvenna Effective date 12 Mar
Slide 37: External Company Resources & Reserves – Marimaca
Appendix 4- External Company Resources & Reserves Mineral Resources – Marimaca Copper Ore Reserve Estimate – Marimaca Copper For personal use only Marimaca Project1,2,3,4,5,6 Marimaca Project1,2,3,4,5,6 Measured Indicated Inferred Proved Probable TOTAL ORE RESERVE Marimaca Marimaca Tonnes Grade Meta
Slide 38: External Company Resources & Reserves – Kinterra Antler
Appendix 4- External Company Resources & Reserves Mineral Resources – Kinterra Antler Project1,2,3,4,5,6,7 For personal use only Measured Indicated TOTAL M&I Inferred Antler Antler Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Copper - - 2.25% 203kt 2.25% 203kt Copper 1
Slide 39: External Company Resources & Reserves – Capstone Cozamin
Appendix 4- External Company Resources & Reserves Mineral Resources – Capstone Copper Cozamin Project1,2,3,4,5 For personal use only Measured Indicated TOTAL M&I Inferred Cozamin Cozamin Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Copper 1.25% 5kt 1.39% 268kt 1.39% 27
Slide 40: External Company Resources & Reserves – Sandfire Motheo
Appendix 4- External Company Resources & Reserves Mineral Resources – Sandfire Resources Ore Reserve Estimate – Sandfire Resources Motheo Project1,2,3,4,5 Matheo Project1,2,4,5 For personal use only Measured Indicated Inferred Proved Probable TOTAL ORE RESERVE Motheo Motheo Tonnes Grade Metal Tonnes
Slide 41: Appendix 5 – 2024 Copper Production Data
Appendix 5– 2024 Copper Production Data 2024 Cu Metal For personal use only PROPERTY CURRENT OWNER PRODUCTION SOURCE DATA (Kt) Aranzazu Aura Minerals 16.7 December 2024 MD&A Quarterly Report. https://api.mziq.com/mzfilemanager/v2/d/7e088be0-b725-4cba-ab5e-4969a4ac92af/4f2b0044-b171-0521-21e7-9da0600