Firefly Metals Ltd · ASX:FFM
Firefly Metals — Investor Presentation (March 2024)
29 slides from Firefly Metals's investor presentation, Mar 28, 2024
Slide 1: High-Grade Copper and Gold
ASX FFM March 2024 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 • Exceptional infrastructure including ope
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 those described in the forward- looking statements as a result of a variety
Slide 4: Investment Highlights
Investment Highlights 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 proven Newfoundland & Labrador, Canada Canada tra
Slide 5: Exceptional Share Register and Strong Balance Sheet
Exceptional Share Register and Strong Balance Sheet Well-funded to deliver strong velocity of newsflow through 2024 - 2025 CAPITAL STRUCTURE CURRENT Shares on issue 477.5M1 A$0.68 A$325M Management performance rights 37.5M2 Current Share Price3 Market Capitalisation4 Top 20 Shareholders 50%3 SHAREHO
Slide 6: Board and Management
Board and Management A Leadership team with proven success in the Resources Sector Maddison Cramer JOINT COMPANY SECRETARY Kevin Tomlinson Steve Parsons Michael Naylor Jessie Liu-Ernsting Darren Cooke Cygnus Metals, Midas Independent Independent Minerals, formerly of Managing Director Executive Dire
Slide 7: Exceptional In-Country Team
Exceptional In-Country Team Management team with in-depth Canadian mining expertise Juan Gutierrez Tabatha LeBlanc Jim Edwards Gus Simbanegavi Corey Greenham Bonnie Matthews Group Chief Geologist Vice President Exploration Manager Vice President Environment and Vice President Environment and Communi
Slide 8: Green Bay Copper-Gold Project
Green Bay Copper-Gold Project A large-scale VMS mineralised system with two distinct mineralised zones Zone 1: High-grade massive sulphide copper and gold zone – Unmined and OPEN 1,2 46.4m @ 5.6% CuEq (4.6% Cu & 1.2g/t Au) FireFly drilling 16/1/24 MUG23-006 11.2m @ 6.9% CuEq (4.9% Cu & 2.3 g/t Au) F
Slide 9: Copper Production - Tonnes
COPPER PRODUCTION - TONNES CY 2022 (ACTUAL) - ASX ASX FFM 0 100,000 50,000 Mount Carlton (Navarre) Savannah (Panoramic) Peak (Aurelia) Please see Appendix 3 for original source data. Ming Mine Antas (BHP) Nova-Bollinger (IGO) 1. Data Source: S&P Global, CY2022 Copper production >1kt Cu for ASX liste
Slide 10: Green Bay Copper-Gold Highlights
Green Bay Copper-Gold Highlights (100% FFM Ownership) A low-cost acquisition that transforms FireFly into a leading ASX copper-gold developer Upside Mines Resources Infrastructure Significant Resource Growth Operationally ready UG mine High Grade Copper-Gold +A$250M of Infrastructure • Mineralisatio
Slide 11: One of the Best Mining Jurisdictions Globally
One of the Best Mining Jurisdictions Globally Province of Labrador & Newfoundland is a top four jurisdiction for mining investment FRASER INSTITUTE 2022 SURVEY PROVINCE OF Mining Investment Attractiveness Index1 LABRADOR & NEWFOUNDLAND MAJOR MINING & Nevada Western Australia EXPLORATION OPERATIONS S
Slide 12: Newfoundland - Built on Maritime & Mining
Newfoundland - Built on Maritime & Mining Ming UG Mine & Little Deer • Strong government support Hydro Power Stations Cu-Au Mine Complex • Track record of expedited mine permitting throughout Newfoundland Excess Capacity • Mining sector contributes +32% of NL GDP3 39.2Mt @ 1.83%Cu & 0.5g/t Au for 81
Slide 13: On Location – Green Bay, All Set Up Ready to Go
On Location – Green Bay, all set up ready to go Hydro Power Underground Portal Propane High-Grade Stockpiles Mine Heating Workshop Drillers Shed Workshop/ Water Treatment Plant Core Shed Underground Training Changerooms Room Storage Admin/Offices 50 person Sealed Camp Road 24/7 ASX FFM Access 13
Slide 14: A Major VMS Copper-Gold Mineralised System
A Major VMS Copper-Gold Mineralised System Two distinct mineralised zones – Both zones open High-Grade Massive Sulphide Zone DEPTH Surface Portal Shaft 630m (6mx3m) MING MINE RESOURCE UNMINED and OPEN: 0m UNMINED & OPEN Starts from 250m below surface • 74.8m @ 9.0% Cu & 2.2g/t Au (R19-745-08) 30.2Mt
Slide 15: A Major VMS Copper-Gold Mineralised System
A Major VMS Copper-Gold Mineralised System 30Mt resource with underground development & shaft & plenty of room to grow! DEPTH High-Grade Massive Sulphide Upper Shaft 630m (6mx3m) Surface Portal MING MINE RESOURCE 0m UNMINED & OPEN Zones UNMINED: Starts from 250m below surface 30.2Mt @ 2.1% CuEq for
Slide 16: Consistent and Continuous Large Scale Ore Bodies
Consistent and Continuous Large Scale Ore Bodies Large-Scale VMS Orebodies: Footwall Zone similar widths to Rome Colosseum and Michigan State Stadium Cross Section 500m level Unmined VMS Historical mined VMS Unmined VMS High-Grade Massive Sulphide Upper Zones - UNMINED Drill testing 190m 4.0m @ 9.2%
Slide 17: Excellent Ground Conditions
Excellent Ground Conditions Low rock stress conditions allow for much deeper mining 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 for much deeper mining
Slide 18: Underground Mine is Ready and Fully Operational
Underground Mine is Ready and Fully Operational • Underground drilling already +10,750m completed Massive Sulphide Excellent Underground Conditions High-Grade Copper-Gold (~10 metre wide development at 750 level) • Second drill rig on site (double meters and news flow) • Third drill rig mobilising (
Slide 19: Significant District Scale Footprint
Significant District Scale Footprint Multiple high-priority copper-gold targets as well as large footprint for surface infrastructure Pine Cove Deep Water Port • ~1Mt per year of mineral concentrate capacity Significant Regional Footprint • Panamax 50,000T vessels • Acquired 169sqkm of ground adjace
Slide 20: Rapid Resource and Mine Growth Over Next 18 Months
Rapid Resource and Mine Growth Over Next 18 Months Well-funded for significant velocity of news flow through 2024 - 2025 Milestone1 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2024 – 2025 Key Deliverables 23 24 24 24 24 25 25 25 25 2024 – 2025 PROGRAM Green Bay Project Acquisition • Underground development drill dri
Slide 21: 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 Strong Cash Position of A$55 Million2 for Immediate Growth Throughout 2024-2025 GREEN BAY COPPER-GOLD • A fully operational underground mine in tier one mining juris
Slide 22: Supplementary Information
Supplementary Information • Appendix 1. Pickle Crow Gold Deposit 2.8Moz @ 7.2g/t Gold • Appendix 2. FireFly Metals Resources • Appendix 3. 2022 Copper Production Data ASX FFM 22
Slide 23: Pickle Crow Gold Deposit - The Perfect Addition
Appendix 1 – Pickle Crow Gold Deposit – The Perfect Addition High Grade 2.8Moz @ 7.2 g/t Gold Resource and Growing 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 @ 1
Slide 24: An Exceptional Asset in a World-Class Location
Appendix 1 – An Exceptional Asset in a World-Class Location Pickle Crow Gold Deposit is surrounded by World-Class Gold Mines PICKLE CROW 2.8mOZ @ 7.2G/T Gold Resource ASX FFM 24
Slide 25: Significant Shallow Open Pit Potential
Appendix 1 – Significant Shallow Open Pit Potential 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 metres •
Slide 26: Huge Discovery Potential - An Entire Mineral District
Appendix 1- Huge Discovery Potential- An Entire Mineral District 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 walk up targ
Slide 27: FireFly Metals Resources
Appendix 2 – FireFly Metals Resources 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 Gold 8.4Mt 0.5g/t 124koz
Slide 28: 2022 Copper Production Data
Appendix 3 – 2022 Copper Production Data S&P GLOBAL – 2022 Asset Copper Production Source Data 2022 Cu PROPERTY CURRENT OWNER PRODUCTION SOURCE DATA (Tonnes) Mount Carlton Navarre Minerals Ltd. 1,838 https://minedocs.com/23/Navarre-PR-06302022.pdf Peak Aurelia Metals Ltd. NA https://www.listcorp.com
Slide 29: 2022 Copper Production Data
APPENDIX 3 – 2022 COPPER PRODUCTION DATA S&P GLOBAL – 2022 Asset Copper Production Source Data (Continued) 2022 Cu PROPERTY CURRENT OWNER PRODUCTION SOURCE DATA (Tonnes) Copper Mountain Hudbay Minerals Inc. 23,996 https://www.prnewswire.com/news-releases/copper-mountain-mining-announces-fourth-quart