Firefly Metals Ltd · ASX:FFM
Firefly Metals — Rising Stars Adelaide (April 2026)
34 slides from Firefly Metals's conference presentation, Apr 9, 2026
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: 50.4Mt @ 2.0% CuEq for 863kt Cu and 546koz Au in M&I + 29.3Mt @ 2.5% CuEq for 566kt Cu and 563koz Au in Inferred • Exceptional High-Grade Core Zone: 8.8Mt @
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: 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 or recommendation for subscription
Slide 5: 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 Newfoundland & Labrador, Canada Resources (ASX:BVR
Slide 6: 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$2.03 ~A$1.6B Management performance rights 45.1M2 Current Share Price1 Market Capitalisation1 SHAREHOLDERS OVER 5% SUMMARY3 Austral
Slide 7: 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 8: Recent Results Highlight the High-Grade Potential
Recent Results Highlight the High-Grade Potential1 (8 April 2026) For personal use only Continuity of the High-Grade Core Zone Established o 70.8m @ 4.0% CuEq (3.4% Cu & 0.6g/t Au)(MUG25-096) o 53.3m @ 4.1% CuEq (3.4% Cu & 0.8g/t Au) (MUG25-209) VMS Continues to grow and has the potential to bolster
Slide 9: 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 9
Slide 10: 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 11: Ming Underground Mine
Ming Underground Mine Consistent high-grade copper & gold that remains open For personal use only • UG Decline development for drill MING MINEGreen Bay Resource RESOURCE - UNMINEDof: & OPEN platforms and future ore haulage 0mRL M&I Resource:48Mt M&I Resource: 48Mt@@ 2.0% 2.0% CuEq CuEq Inf Resource:
Slide 12: Ming Underground Mine: High-Grade 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: M&I Resource: 48Mt @ 2.0% CuEq • Consistent high-grade that remains open Inf Resource: 23Mt @ 2.6% CuEq • A very high-grade core zone of 8.8Mt @ 3.9% CuEq M&I
Slide 13: 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 for conversion of • Utilisin
Slide 14: Strategic Value Driver – Pathway Towards An Upscaled Copper Mine
2 Strategic Value Driver – Pathway Towards An Upscaled Copper Mine For personal use only Newfoundland & Labrador Town & Workforce Port 5km Hydro Power Line Office Camp rooms “Pathway towards a Core yard Large-Scale Copper Mine” Town & Workforce Workshop 2 Water Treatment • Tier 1 Jurisdiction • Infr
Slide 15: Economic studies targeting large-scale & long-life mine
Economic studies targeting large-scale & long-life mine Environmental approval secured for initial start-up mining operation with throughput capacity For personal use only of up to 1.8Mtpa and scaled up later1 Significant Progress to Date – Economic Studies scheduled for H1 2026 Environment & Commun
Slide 16: Strategic Value Driver - Regional Discoveries
3 Strategic Value Driver - Regional Discoveries 100% Ownership of a major VMS minerals District For personal use only “2026 Drill, Drill, Drill” 3 All targets easy trucking distance to proposed Processing Plant • Ming Near-Mine • Rambler Regional • Tilt Cove Project • Little Deer Project ASX | TSX F
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 d
Slide 18: 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 19: 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 growth opportunity 50,000 Targeting a large-scale m
Slide 20: 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 21: FireFly to unlock Pickle Crow value with ~A$86M sale
FireFly to unlock Pickle Crow value with ~A$86M1 sale Shareholders will receive stock in project buyer Bellavista Resources Ltd (ASX:BVR) For personal use only • FireFly has agreed to sell its Ontario gold assets, including its 70% interest in the Pickle Crow Gold Project, to ASX-listed BVR for tota
Slide 22: Supplementary Information
Supplementary Information For personal use only • Appendix 1. Green Bay Mineral Resources • Appendix 2. Green Bay Project – Further Information • Management team with in-depth Canadian mining expertise • Existing infrastructure, permitted ready for start-up • Green Bay Project Exploration Targeting
Slide 23: 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 24: Appendix – Green Bay Project Further Information
Appendix 2 – Green Bay Project Further Information For personal use only • Management team with in-depth Canadian mining expertise • Existing infrastructure, permitted ready for start-up • High-grade VMS Core Zone • High-Grade ‘Convergent’ Zone Core Photos • Green Bay Project Exploration Targeting T
Slide 25: 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 Leanne Heywood Darren Cooke Independent Independent Independent Managing Director Executive Director Chief Executive Officer Non-Executi
Slide 26: Exceptional Management and In-Country Team
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 President Adviso
Slide 27: Existing Infrastructure, Permitted Ready for Start-Up
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 Existing decline 25
Slide 28: Green Bay Project Exploration Targeting
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 opportunity • Downhole
Slide 29: Appendix 3 - External Company Resources & Reserves
Appendix 3- 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 30: Appendix 3 - External Company Resources & Reserves
Appendix 3- 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 31: Appendix 3 - External Company Resources & Reserves
Appendix 3- 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 32: Appendix 3 - External Company Resources & Reserves
Appendix 3- 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 33: Appendix 3 - External Company Resources & Reserves
Appendix 3- 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 34: Appendix 4 – 2024 Copper Production Data
Appendix 4– 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