FireFly Metals (FFM) investor relations material

Project highlights and resource growth

• Green Bay Copper-Gold Project features 60 million tons at 2% copper, 1 million tons contained copper, and 500,000 ounces of gold.

• Over $250 million in infrastructure and 20 km of decline already in place, supporting rapid development.

• Resource increased by 51% in less than two years, with another update expected in November.

• Extensive drilling program with eight rigs, targeting infield, extensional, and regional discoveries.

• Land holding expanded to 300 sq km, including eight historic VMS mines and significant regional potential.

Financial position and corporate strategy

• $145 million cash on hand, fully funded to final investment decision, with no debt or off-take agreements.

• Recent capital raise at $0.96 per share; market cap grown from $70 million to $819 million in under two years.

• 60% institutional ownership, led by BlackRock and Regal; board and management own 8%.

• Average institutional price target is $1.70 per share.

• Strategic review of Pickle Crow Gold Project nearing completion, with an announcement expected in 4–6 weeks.

Operational and jurisdictional advantages

• Fully permitted for a 1.8 million ton/year processing plant; environmental approval achieved in 45 days.

• Located in Newfoundland, a top-tier mining jurisdiction with strong government and community support.

• Hydropower provides low-cost, green energy at $0.06/kWh.

• Clean concentrate with up to 28% copper and 10–15 g/t gold, attractive to off-takers.

• Team of experienced mine builders assembled for development over the next 12–18 months.