Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Firefly Metals Ltd (FFM.ASX)
Release Time 30 Oct 2025, 9:01 a.m.
Price Sensitive Yes
 Exceptional drilling results support high grade, large scale and continuity of FireFly's Green Bay Copper-Gold Project
Key Points
  • Consistently strong intersections extend known mineralisation ahead of December quarter Mineral Resource Estimate update
  • First results from economic studies due early next year
  • Growing global investor recognition reflected in FireFly's addition to the S&P/ASX 300 Index
Full Summary

FireFly Metals Ltd (ASX/TSX: FFM) has reported a highly productive quarter, generating outstanding drilling results ahead of its next Mineral Resource Estimate update and progressing studies on an upscaled production restart at the Green Bay Copper-Gold Project in Canada. The drilling results continue to demonstrate the project's world-class potential, with consistently strong intersections extending the known mineralisation. Highlights include 49.0m @ 6.1% copper equivalent, including 14.3m @ 13.7% copper equivalent. Infill drilling of the Volcanogenic Massive Sulphide (VMS) lenses and the broad Footwall Stringer Zone also returned exceptional assays. The company has completed approximately 123,064m of diamond core drilling at the project to date. FireFly also made progress on economic studies, with metallurgical tests showing the mineralisation is amenable to conventional, low-cost processing, and the company securing environmental approvals for an upscaled 1.8Mtpa restart operation. Exploration activities commenced at the prospective Tilt Cove Project, which was acquired in late 2024. The company emerged from the quarter with around A$129.7 million in cash and liquid investments, ensuring it is well-funded to execute its aggressive eight-rig drilling strategy and mining studies.

Outlook

FireFly is rapidly laying the foundations for a staged upscaled production restart at Green Bay, with environmental approvals secured and economic and mining studies underway. The company is looking forward to feeding the exceptional drilling results into the upcoming Mineral Resource Estimate update and progressing its plans for an upscaled restart of operations at the project.