Firefly Metals Ltd · ASX:FFM
Firefly Metals — Diggers and Dealers Kalgoorlie 2024
54 slides from Firefly Metals's conference presentation, Aug 6, 2024
Slide 1: Green Bay Copper-Gold Project: Demonstrating World Class Potential
Green Bay Copper-Gold Project Demonstrating World Class Potential For personal use only Previously released drill results1 outside of current Resource of 39.2Mt at 2.07% CuEq (1.87% copper and 0.5g/t gold)2 • 46.4m @ 5.6% CuEq (4.6% copper & 1.2g/t gold) • 65.0m @ 3.40% copper & 24.3m @ 1.43% copper
Slide 2: 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 • Exceptional infrastructure in
Slide 3: 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 4: Forward Looking Information
FORWARD LOOKING INFORMATION For personal use only 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
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 • High grade gold in Ontario, • Management team with a Newfoundland & Labrador, Ca
Slide 6: 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 STRUCTURE1 CURRENT Shares on issue 480.7M A$0.75 A$360M Management performance rights2 34.9M Current Share Price1 Market Capitalisation1 SHAREHOLD
Slide 7: 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 8: Exceptional Management and In-Country Team
Exceptional Management and In-Country Team Management team with in-depth Canadian mining expertise For personal use only Maddison Juan Gutierrez Tabatha LeBlanc Jim Edwards Gus Simbanegavi Corey Greenham Bonnie Matthews Cramer Vice President Environment and Vice President COMPANY Group Chief Explora
Slide 9: FireFly Metals Introduction Video
FireFly Metals Introduction Video For personal use only View full video click link below: www.fireflymetals.com.au ASX FFM
Slide 10: A Lack of Quality Copper Opportunities on the ASX
COPPER PRODUCTION - TONNES For personal use only CY 2023 Actual - ASX ASX FFM 0 50,000 100,000 Ming Mine (2022) Capricorn Cu (29 Metals) Mt Colin (Aeris) Anthill (Austral Resources) copper production in 2023 Nova-Bollinger (IGO) District scale exploration potential Eloise (AIC Mines) 1. Please see A
Slide 11: Green Bay Copper & Gold: A potential company making project
Green Bay Copper & Gold A potential 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 Resource1 Tonnes:2 39.2Mt Tonnes
Slide 12: Our Competitive Advantages
Green Bay Copper-Gold Project (100% FireFly ownership) Our Competitive Advantages For personal use only ‘A Potential Game Changer’ District Scale Already commenced: • Dominant landholding of ‘Prime’ VMS mineralised rock types • Little exploration over the past 20 years 100,000m drilling • Regional s
Slide 13: 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 Fir e Fly Me t a ls Pine Cove Deepwater Port Hydro Project is accessible 365 days a year by road, air & sea Hydro 1.5 hour dri
Slide 14: Green Bay Copper Gold Project - Virtual Site Tour
Green Bay Copper Gold Project - Virtual Site Tour The next 12 pages are summary screen shots of the video presentation For personal use only View full video click link below: www.fireflymetals.com.au ASX FFM
Slide 15: Green Bay Overview - Location
Green Bay Overview - Location For personal use only ASX FFM View full video on www.fireflymetals.com.au
Slide 16: On Location – Green Bay all set up ready to go
On Location – Green Bay all set up ready to go For personal use only View full video on www.fireflymetals.com.au ASX FFM
Slide 17: Underground at Green Bay
Underground at Green Bay For personal use only Two styles of mineralisation • High-grade copper gold massive sulphide upper zone • Broad footwall copper rich zone ASX FFM View full video on www.fireflymetals.com.au
Slide 18: Significant Underground Infrastructure
Significant Underground Infrastructure For personal use only ASX FFM View full video on www.fireflymetals.com.au
Slide 19: High-Grade Copper Gold Massive Sulphide Lodes
High-Grade Copper Gold Massive Sulphide Lodes Drill results for the high-grade copper For personal use only gold massive sulphide lodes ASX FFM View full video on www.fireflymetals.com.au
Slide 20: Large Scale Broad Copper Rich Footwall Zone
Large Scale Broad Copper Rich Footwall Zone For personal use only Drill results for the broad copper rich footwall zone ASX FFM View full video on www.fireflymetals.com.au
Slide 21: FireFly Investing in Exploration Development
FireFly Investing in Exploration Development 1,500m new development secures rapid resource growth and future ore haulage For personal use only 800m of 1,500m development completed already 4x drill platforms completed 4x drill rigs operating for resource growth ASX FFM View full video on www.fireflym
Slide 22: Growing the Resource with 100,000m of drilling
Growing the Resource with 100,000m of drilling Rapid low-cost Resource growth throughout 2024 and 2025 For personal use only ASX FFM View full video on www.fireflymetals.com.au
Slide 23: Drilling Multiple Copper and Gold Lodes For Resource Growth
Drilling Multiple Copper and Gold Lodes For Resource Growth For personal use only ASX FFM View full video on www.fireflymetals.com.au
Slide 24: Exceptional Drill Results Outside of Current Resource
Exceptional Drill Results Outside of Current Resource For personal use only ASX FFM View full video on www.fireflymetals.com.au
Slide 25: Using Geophysics to Unlock New Discoveries
Using Geophysics to Unlock New Discoveries Drilling with DHEM to find repeat and parallel lodes adjacent to existing infrastructure For personal use only ASX FFM View full video on www.fireflymetals.com.au
Slide 26: A Rare Combination of Scale, Grade and Growth
A Rare Combination of Scale, Grade and Growth Green Bay Copper Gold Project – A Company Making Project For personal use only ASX FFM View full video on www.fireflymetals.com.au
Slide 27: Exceptional Regional Discovery Potential
Exceptional Regional Discovery Potential Major landholder in a world-class copper gold VMS district For personal use only Numerous high priority targets Cu Significant Camp-Scale Land Holding within 25km radius of FireFly’s FireFly’s Ming Mine FireFly has recently acquired: Ming Mine Cu Cu Cu • Thre
Slide 28: Outstanding In-Mine Exploration Upside
Outstanding In-Mine Exploration Upside Investment in Geophysics & Drilling to unlock potentially game-changing discoveries For personal use only Untested Discoveries in the mine can drive a step Planned Geophysics hole for DHEM Repeat parallel change in growth and scale VMS Lodes • FireFly has comme
Slide 29: Rapid Resource and Mine Growth Over Next Months
Rapid Resource and Mine Growth Over Next 18 Months Well-funded for significant velocity of news flow through 2024 - 2025 For personal use only Milestone1 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 23 24 24 24 24 25 25 25 25 2024 – 2025 Key Deliverables 2024 – 2025 PROGRAM Green Bay Project Acquisition 15 Oct 2023 •
Slide 30: 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$40.6 Million2 for Immediate Growth Throughout 2024-2025 GREEN BAY COPPER-GOLD PROJECT • A fully operational undergrou
Slide 31: Supplementary Information
Supplementary Information For personal use only • Appendix 1. Pickle Crow Gold Deposit 2.8Moz @ 7.2g/t Gold • Appendix 2. FireFly Metals Mineral Resources • Appendix 3. FireFly Green Bay Project further information • Appendix 4. Learning From The Past: An Opportunity • Appendix 5. 2023 Copper Produc
Slide 32: Appendix – 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 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 pr
Slide 33: Appendix – 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 For personal use only PICKLE CROW 2.8mOZ @ 7.2G/T Gold Resource ASX FFM
Slide 34: Appendix – Significant Shallow Open Pit Potential
Appendix 1 – 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
Slide 35: Appendix - Huge Discovery Potential - An Entire Mineral District
Appendix 1 - 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 hi
Slide 36: Appendix – FireFly Metals Resources
Appendix 2 – FireFly Metals 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 Gol
Slide 37: Appendix - Green Bay Project further information
Appendix 3 - Green Bay Project further information A Major VMS Copper-Gold Mineralised System DEPTH For personal use only Surface Portal High-Grade Massive Sulphide Shaft 630m (6mx3m) MING MINE RESOURCE 0m Starts from UNMINED & OPEN Zone UNMINED and OPEN: Untested 250m Starts from 250m below surface
Slide 38: 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 For personal use only Shaft 630m (6mx3m) Surface Portal 0m MING MINE RESOURCE Upper Zones UNMINED: UNMINED & OPEN Starts from 250m below surface •
Slide 39: Consistent and Continuous Large Scale Ore Bodies
Consistent and Continuous Large Scale Ore Bodies Step change discoveries - Geophysical testing 2nd half 2024 For personal use only Unmined VMS Historical mined VMS Drill testing Unmined VMS High-Grade Massive Sulphide Upper Zones - Drill testing UNMINED 4.0m @ 9.2% CuEq (421C-2) 9.1m @ 7.8% CuEq (MM
Slide 40: Existing Infrastructure = Lower Capex and Rapid Start-up
Existing Infrastructure = Lower Capex and Rapid Start-up DEPTH Excellent Geotechnical For personal use only Surface Conditions 0m Portal 6m x 3m shaft to Upper FW Stope (unfired) 630m below surface (~750m below surface) in place Excellent Geotechnical 30Mt Resource starts Conditions just 250m below
Slide 41: Excellent Ground Conditions
Excellent Ground Conditions 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 f
Slide 42: Underground Mine is Ready and Fully Operational
Underground Mine is Ready and Fully Operational • Massive Sulphide Excellent Underground Conditions For personal use only Underground drilling ~30,000m completed High-Grade Copper-Gold (~15 metre wide development at 800 level) • Two drill rigs operating (simple resource growth) • Third & fourth dril
Slide 43: 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 Ming South in the past 40 years – a key opportunity • Downhole
Slide 44: Green Bay Project - Nearby Little Deer Cu-Au Complex
Green Bay Project - Nearby Little Deer Cu-Au Complex An unrealised opportunity with significant growth upside For personal use only TWO HISTORICAL MINES WITH NO MODERN EXPLORATION • Little Deer and Whalesback deposits mined between 1960 and 1972 (historic production of 3.8Mt @ 1% Cu) Untested • Sign
Slide 45: Permitting in Newfoundland & Labrador
Permitting in Newfoundland & Labrador Strong government support and leveraging existing permits to fast-track any future expansion For personal use only The Federal Environmental Assessment (EA) Process Impact Assessment Act 2019 • In Canada, approvals are Province-based, however for large- • The Fe
Slide 46: Copper – The Macro Landscape
Copper – The Macro Landscape Nearly twice the amount of copper mined in human history is required in the For personal use only next 27 years to achieve net zero by 20501 Global Copper Mining Issues ● Decreasing copper grades ● Reduced discovery rates ● Time and cost to production ● 700mt of Cu have
Slide 47: Appendix – Learning From The Past: An Opportunity
Appendix 4 – Learning From The Past: An Opportunity GROWING THE RESOURCE AND OPERATING AT THE RIGHT SCALE • For personal use only Two key areas have prevented the past success of the Ming operation – Orebody definition and a high-cost structure driven by inappropriately sized infrastructure relative
Slide 48: Learning From The Past: An Opportunity
Learning From The Past: An Opportunity EXAMPLE OF POOR PRE-MINING DEFINITION DRILLING For personal use only Stope Cross Section 1 • The 760L Lower Footwall drive was mined prior to grade control drilling • In-drive drilling identified significant mineralisation in the 760L footwall originally not mo
Slide 49: Appendix – 2023 Copper Production Data
Appendix 5 – 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 50: Appendix – 2023 Copper Production Data
Appendix 5 – 2023 Copper Production Data 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/2924-02657109-6A1146280 2.
Slide 51: Appendix - References
Appendix 6 - References: ‘ Green Bay Copper & Gold A potential company making project’ For personal use only Number FOOTNOTES Resources for Green Bay and McIlvenna Bay are calculated under the Canadian NI 43-101 standards and are regarded as Foreign Estimates. Resources for Cobar and Ernest Henry 1
Slide 52: Appendix 7- External Company Resources & Reserves
Appendix 7- External Company Resources & Reserves Mineral Reserve Estimate– Mineral Resources – Foran Mining McIlvenna Bay Project1 Foran Mining McIlvenna Bay Project2 For personal use only Measured Indicated TOTAL M&I Inferred Proven Probable TOTAL MINERAL RESERVE McIlvenna McIlvenna McIlvenna Tonn
Slide 53: Appendix – Supplementary Information for Excellent Ground Conditions
Appendix 8 – 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
Slide 54: Appendix – Supplementary Information for Excellent Ground Conditions
Appendix 8 – Supplementary Information for slide titled ‘ Excellent Ground Conditions’ For personal use only PROPERTY LOCATION CURRENT OWNER SOURCE DATA Gold, Silver, Zinc, Agnico Eagle website, https://www.agnicoeagle.com/English/operations/operations/laronde/default.aspx Commodity Copper Project S