• Infill drilling program aims to upgrade Inferred Resources to Indicated category
• Drilling continues to intersect high-grade copper-gold mineralization
• Broad copper-rich footwall zone shows potential for large-scale bulk mining

FireFly Metals Ltd (ASX/TSX: FFM) has reported a highly successful quarter, during which the company continued to produce exceptional drilling results from its Green Bay Copper-Gold Project in Canada as part of its multi-pronged strategy to create significant shareholder wealth. The aggressive drilling campaign aims to extend known mineralization, unlock full value by upgrading Inferred Resources to Indicated Resources, and test new targets. Drilling from the 805 Exploration drive continues to demonstrate continuity of the high-grade copper-gold rich VMS mineralization, with key intersections including 14.2m @ 7.5% CuEq, 14.5m @ 4.6% CuEq, 9.0m @ 5.5% CuEq and 19.0m @ 3.8% CuEq. Infill drilling of the broad copper-rich zone exceeded expectations, with thick and continuous zones exceeding 2% copper routinely intersected, including 50.9m @ 2.6% CuEq, 46.8m @ 2.2% CuEq and 66.8m @ 2.1% CuEq. Drilling at the northern extent of the current Mineral Resource continues to show the development of a strong copper-rich footwall zone directly beneath the upper VMS lenses, resulting in a thick continuous zone of high-grade mineralization. FireFly remains committed to accelerating its growth strategy, with a total of six drill rigs currently operating at Green Bay and an additional rig scheduled to arrive in May. Mineral Resource updates and preliminary economic mining studies are expected to be delivered later in 2025.

FireFly expects its mining studies will outline a substantial production profile with a long life at the Green Bay Copper-Gold Project.