• Extremely strong demand for the SPP, with applications totalling ~A$28.2 million
• Proceeds of the Equity Raising and SPP to be used for continued growth and upgrading of the Green Bay Copper Gold Project
• Successful completion of the Equity Raising and the SPP will see FireFly emerge with ~A$145m cash and liquid investment position

FireFly Metals Ltd (ASX: FFM, TSX: FFM) is pleased to advise that it has doubled the size of its recently-announced share purchase plan (SPP) to A$10 million, in accordance with the terms of the SPP Offer Document released to ASX on 16 June 2025. The decision followed extremely strong demand for the SPP, with applications totalling approximately A$28.2 million, greatly exceeding the original A$5 million target. The SPP was undertaken concurrently with the Company's ~A$98.1 million equity raising, comprising a charity flow-through placement, an institutional placement, and a Canadian bought deal offering. The proceeds of the Equity Raising and SPP will be used primarily to continue growing and upgrading the mineral resource at FireFly's Green Bay Copper Gold Project, as well as for underground development, pre-construction works, mining studies, and working capital. FireFly Managing Director Steve Parsons said the strong demand for the SPP has come from the Company's loyal retail shareholders, and they have taken the opportunity to double the total provision to A$10 million. The Company is about to add an eighth drill rig to its program at Green Bay to ensure it can unlock the value of the near-mine opportunities and the regional targets as rapidly as possible. With so many rigs turning and mining studies underway, FireFly anticipates continuing to generate strong results and news flow as it pushes hard to create maximum shareholder value.

Successful completion of the Equity Raising and the SPP will see FireFly emerge with ~A$145m cash and liquid investment position to drive eight-rig drilling strategy and mining studies.