FireFly Metals (FFM) Q4 2026 TU earnings summary

Executive summary

• Outstanding high-grade copper-gold drilling results from the Core Zone at Green Bay, with intersections such as 42.0m @ 6.1% CuEq and 51.5m @ 4.9% CuEq, underpinning early, high-margin production potential.

• Updated Mineral Resource Estimate and PEA/Scoping Study for Green Bay to incorporate new results, with completion targeted for August 2026.

• Sale of Ontario Gold Assets to Bellavista completed, allowing focus on Green Bay; pro-rata distribution of Bellavista shares to eligible shareholders.

• Inclusion in the S&P/ASX 200 Index effective 22 June 2026, reflecting increased market capitalisation and institutional profile.

Financial highlights

• Cash balance of A$184.3 million (unaudited) as of 30 June 2026.

• Net cash outflows for the quarter: A$1.3 million from operating, A$20.4 million from investing, and A$0.2 million from financing activities.

• Receipts of A$2.3 million in interest income and A$0.1 million in grant income during the quarter.

• Estimated 9.2 quarters of funding available at current expenditure rates.

Outlook and guidance

• PEA/Scoping Study for an upscaled restart at Green Bay expected in August 2026, assessing development scenarios, haulage, production rates, and life-of-mine output.

• Near-term priorities include upgrading Mineral Resource confidence, extension drilling, advancing permitting, and early works for future development.

• Ongoing engagement with potential offtake partners and export credit agencies.