FireFly Metals (FFM) Diggers & Dealers Mining Forum 2026 summary

Investment Highlights and Asset Overview

• High-grade copper-gold VMS asset in Newfoundland with 80 million tons at 2.2% copper equivalent, including 1.4 million tons of contained copper and 1.1 million ounces of gold, surpassing several well-known copper projects in scale.

• Measured & Indicated resource: 50.4Mt at 2.0% CuEq; Inferred: 29.3Mt at 2.5% CuEq, with a high-grade core zone of 19.9Mt at 3.9% CuEq prioritized for upfront cash flow.

• World-class intersections with grades routinely over 10% copper equivalent and significant thicknesses, supporting long mine life.

• Recent infill drilling results show over 60 m at 4% copper and up to 13% copper equivalent, supporting a resource update and mining study due in August.

• Extensive drilling (~197,700m since Oct 2023) and ongoing underground exploration support further expansion.

Jurisdiction, Infrastructure, and Community

• Newfoundland is a top-ranked mining jurisdiction with strong government and community support, excellent infrastructure, and hydropower.

• Brownfield site with 900 m underground access, close to port and European markets, and benefits from AUD 250 million in prior investment.

• Well-connected to local communities and infrastructure, with paved road access and ongoing environmental and community engagement.

• Historic mining area with eight past-producing mines, now systematically explored with modern techniques.

Team, Strategy, and Growth Plans

• Highly experienced management and board with a track record in mine building, funding, and resource growth across global majors.

• Strategy focuses on resource growth, large-scale mine rebuild, and district-scale discovery, with over 200,000 m drilled in 2.5 years.

• Mining studies to assess production rates up to 4 million tons per annum, with copper recoveries over 98% and gold over 86%.

• In-country technical, operations, and ESG specialists drive project advancement and compliance.

• ESG commitments include renewable energy use, strong community support, and robust governance aligned with international standards.