Firefly Metals Ltd · ASX:FFM
Firefly Metals — CG 3rd Annual Global Metals and Mining Conference (May 2024)
34 slides from Firefly Metals's conference presentation, May 7, 2024
Slide 1: High-Grade Copper and Gold
ASX FFM For personal use only 7 May 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 infras
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 For personal use only GREEN BAY COPPER GOLD PICKLE CROW GOLD PROVEN TRACK RECORD • High grade copper and gold in Newfoundland & Labrador, • Management team with a • High grade gold in Ontario, pr
Slide 5: The Rapid Transformation of FireFly Metals
The Rapid Transformation of FireFly Metals Continued catalyst rich growth to unlock value for shareholders and stakeholders For personal use only Results: Cu Au re-assays FFM Results: VMS • 46.4m @ 5.6% CuEq Port access • 47.2m @ 4.7% Cu & 2.2g/t Au • 17.8m @ 6.6% CuEq agreement • 41.2m @ 5.9% Cu &
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 STRUCTURE CURRENT Shares on issue 477.5M1 A$0.78 A$372M Management performance rights 37.8M2 Current Share Market Top 20 Shareholders 50%3 Price4
Slide 7: Board and Management
Board and Management A Leadership team with proven success in the Resources Sector For personal use only Maddison Cramer COMPANY SECRETARY Cygnus Metals, Midas Kevin Tomlinson Steve Parsons Michael Naylor Jessie Liu-Ernsting Darren Cooke Minerals, formerly of Bellevue Gold Independent Independent Ch
Slide 8: Exceptional In-Country Team
Exceptional In-Country Team Management team with in-depth Canadian mining expertise For personal use only Juan Gutierrez Tabatha LeBlanc Jim Edwards Gus Simbanegavi Corey Greenham Bonnie Matthews Group Chief Vice President Exploration Vice President Environment and Vice President Geologist Environme
Slide 9: Green Bay Copper-Gold Project
Green Bay Copper-Gold Project A large-scale VMS mineralised system with two distinct mineralised zones For personal use only 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
Slide 10: Copper Production - Tonnes, CY2022 ASX
For personal use only COPPER PRODUCTION - TONNES CY 2022 (ACTUAL) - ASX ASX FFM 0 100,000 50,000 Mount Carlton (Navarre) Savannah (Panoramic) Peak (Aurelia) copper production in 2022 Ming Mine Please see Appendix 4 for original source data. Antas (BHP) Nova-Bollinger (IGO) Eloise (AIC Mines) Telfer
Slide 11: Green Bay Copper-Gold Highlights (100% FFM Ownership)
Green Bay Copper-Gold Highlights (100% FFM Ownership) A low-cost acquisition that transforms FireFly into a leading ASX copper-gold developer For personal use only Upside Mines Resources Infrastructure Significant Resource Operationally ready UG High Grade Copper-Gold +A$250M of Infrastructure Growt
Slide 12: A True Tier One Mining Jurisdiction
Newfoundland A Maritime & Mining Provence A True Tier 1 Mining Jurisdiction Ming UG Mine & Little For personal use only Deer Cu-Au Mine • Strong government support Complex • Rated top 4 2022 Fraser Institute • Skilled mining workforce readily available Hydro Power Stations • Track record of expedite
Slide 13: On Location – Green Bay, all set up ready to go
On Location – Green Bay, all set up ready to go For personal use only Hydro Power Underground Portal Propane Mine Heating High-Grade Stockpiles Workshop Drillers Shed Workshop/ Water Treatment Plant Core Shed Training Underground Room Changerooms Storage Admin/Offices 50-person Sealed Camp Road 24/7
Slide 14: A Major VMS Copper-Gold Mineralised System
A Major VMS Copper-Gold Mineralised System Two distinct mineralised zones – Both zones open 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 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 For personal use only Shaft 630m (6mx3m) Surface Portal 0m MING MINE RESOURCE Upper Zones UNMINED: UNMINED & OPEN Starts from 250m below surface •
Slide 16: Consistent and Continuous Large Scale Ore Bodies
Consistent and Continuous Large Scale Ore Bodies Large-Scale VMS Orebodies: Footwall Zone similar For personal use only 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 - Drill testing UN
Slide 17: 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 18: Underground Mine is Ready and Fully Operational
Underground Mine is Ready and Fully Operational • Underground drilling already ~15,500m Massive Sulphide For personal use only completed Excellent Underground Conditions High-Grade Copper-Gold (~10 metre wide development at 750 level) • Two drill rigs operating (double meters and news flow) • Third
Slide 19: 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 20: 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 • Underground
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 For personal use only Strong Cash Position of A$52 Million2 for Immediate Growth Throughout 2024-2025 GREEN BAY COPPER-GOLD • A fully operational underground mine in
Slide 22: 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. 2022 Copper Production Data ASX FFM 22
Slide 23: 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 24: 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 24
Slide 25: 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 26: 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 27: 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 28: Appendix - Green Bay Project Additional Information
Appendix 3 - Green Bay Project Additional Information 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 Geotech
Slide 29: 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 30: 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 31: 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 32: 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 20501,2 Global Copper Mining Issues ● Decreasing copper grades ● Reduced discovery rates ● Time and cost to production ● 700mt of Cu hav
Slide 33: Appendix – 2022 Copper Production Data
Appendix 4 – 2022 Copper Production Data S&P GLOBAL – 2022 Asset Copper Production Source Data 2022 Cu For personal use only 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 ht
Slide 34: Appendix – 2022 Copper Production Data
APPENDIX 4 – 2022 COPPER PRODUCTION DATA S&P GLOBAL – 2022 Asset Copper Production Source Data (Continued) For personal use only 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-
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