• Numerous significant drill-ready targets defined at Green Bay using extensive geophysical surveys
• 325 geophysical targets identified which are considered to be look-alikes to the major deposits at Green Bay
• Ground-based EM follow-up provides further strong evidence of the potential for copper and gold discoveries

FireFly Metals Ltd has announced that a recent geophysics campaign has identified numerous compelling regional targets at its Green Bay copper-gold project in Newfoundland, Canada. The company conducted airborne electrical (VTEM) and magnetic surveys across the central Green Bay project claims, as well as localised detailed ground electromagnetic surveys. These surveys have confirmed a total of 325 significant conductive responses potentially caused by copper-gold bearing sulphide mineralisation. Many of these anomalies exhibit similar geological settings, orientation and electromagnetic responses to known mineralisation at historically mined deposits, such as the Ming, Rambler Main and East Mines. The company plans to systematically drill test these targets as part of its upcoming exploration drilling campaigns throughout 2025. FireFly has also commenced exploration at the nearby Tilt Cove Project, where a ground-based EM survey has confirmed the presence of a large-scale conductive anomaly first identified by Newmont Exploration in the 1980s. Drill testing of this anomaly is planned for the latter part of 2025. The company remains well funded, with anticipated cash and liquid investments of ~A$145M, and plans to accelerate its regional discovery program at Green Bay with C$16M in funding.

The company plans to accelerate the regional discovery program at Green Bay, with C$16M to be invested in early-stage exploration over the period to December 2026. Surface drilling during 2025 will focus on extensions of mineralisation at Rambler Main Mine and testing priority targets beyond the known deposits, including the Hillbog prospect and Southwest target area. Exploration will also ramp up at the Tilt Cove Project, with the first airborne geophysical survey over the entire 115km2 project area planned for August 2025 and follow-up drill testing of the historical Newmont conductive anomaly scheduled before the end of 2025.