Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Firefly Metals Ltd (FFM.ASX)
Release Time 31 Jul 2025, 8:20 a.m.
Price Sensitive Yes
 Firefly Metals reports exceptional drilling results at Green Bay
Key Points
  • Successful quarter with outstanding drilling results at Green Bay copper-gold project
  • Drilling intersected high-grade copper and gold mineralization over 200m beyond current resource
  • Maiden drilling at Rambler Main Mine returned high-grade gold-copper-zinc intersections
Full Summary

Firefly Metals Ltd (ASX/TSX: FFM) reported a highly successful quarter, generating a host of outstanding drilling results at its Green Bay Copper-Gold Project in Canada. The step-out drilling from the 805 exploration development demonstrated that both Volcanogenic Massive Sulphide (VMS) and Footwall Zone (FWZ) mineralization continues for more than 200m beyond the extent of the current Mineral Resource. Significant intersections included 12.4m @ 6.8% CuEq and 25.8m @ 5.1% CuEq in the VMS zone, as well as 19.5m @ 3.0% CuEq and 14.5m @ 1.9% CuEq in the FWZ. A Downhole Electromagnetic (DHEM) survey indicated the potential for significant future Mineral Resource growth. The Company's maiden drilling program at the historical Rambler Main Mine within Green Bay also returned high-grade gold-copper-zinc intersections, highlighting the potential for a repeat of the high-grade large-scale Ming Mine. Firefly is focused on three key areas: Mineral Resource growth, upgrading the Mineral Resource, and new discoveries from both underground and surface. The Company has completed 192 drill holes for ~99,700 meters of underground diamond drilling, with six underground rigs and a second surface rig continuing to advance the project.

Outlook

Firefly is focused on three key areas at the Green Bay project: Mineral Resource growth, upgrading the Mineral Resource, and new discoveries from both underground and surface. The Company plans to continue aggressive drilling to test the Ming mineralization more than 400m beyond the current Mineral Resource boundary and upgrade the Inferred Resource to the higher-confidence Measured and Indicated category.