• Latest drilling has intersected high-grade copper and gold mineralisation more than 200m beyond the current Mineral Resource
• Downhole Electromagnetic survey reveals a conductive anomaly that extends more than 700m beyond current drill extents
• Drilling shows the continuity and thickness of the high-grade upper copper and gold massive sulphide zone and the thick high-grade copper footwall zone

FireFly Metals Ltd (ASX: FFM, TSX: FFM) is pleased to announce further exceptional extensional drilling results at the Green Bay Copper-Gold Project. The latest drilling has intersected high-grade copper and gold mineralisation more than 200m beyond the current Mineral Resource, which currently stands at 24.4Mt at 1.9% CuEq Measured & Indicated Resource and 34.5Mt at 2.0% CuEq Inferred Resource. The drilling shows the continuity and thickness of the high-grade upper copper and gold massive sulphide zone (VMS), with results from the two step-out holes intersecting 12.4m @ 6.8% CuEq (3.6% Cu & 3.5g/t Au) and 25.8m @ 5.1% CuEq (4.6% Cu & 0.5g/t Au). The extensional drilling also intersected multiple zones of the thick high-grade copper footwall zone (FWZ) stringer style mineralisation. A Down Hole Electromagnetic geophysical (DHEM) survey completed from the deepest step-out hole (MUG25-040) reveals a conductive anomaly that extends more than 700m beyond current drill extents, which is highly significant as previous DHEM anomalies at the Ming Mine were directly associated with copper and gold mineralisation. These results validate FireFly's extensive drilling program designed to create value by simultaneously extending known mineralisation, upgrading the Mineral Resource and making new discoveries.

The Company plans to accelerate underground drilling ahead of mining studies with a sixth underground rig due on site in late May, taking the total number of rigs on site to seven. The Company remains well funded for its accelerated growth strategy with ~A$68.5M in cash, receivables and liquid investments at 31 March 2025.

FireFly will continue to focus on three key areas: Mineral Resource Growth, Upgrading the Mineral Resource (infill) and New Discoveries. Step-out drilling reported in this announcement demonstrates the growth potential at Ming Mine, with mineralisation now confirmed more than 200m from the limits of the current Mineral Resource. Infill drilling will contribute to upgrading the Inferred Resource to the higher quality Measured and Indicated Resource category, which will form the basis of economic studies FireFly expects to complete in late 2025. The Company will also continue with discovery drilling to explore for parallel high-grade VMS lodes and additional broad footwall stringer-style mineralisation.