Presentation - Equity Raise

• Building world-class scale with upgraded resource of 1.4Mt Cu and 1.1Moz Au
• Exceptional high-grade core zone of 346kt CuEq in M&I and 414kt CuEq Inferred
• Continued growth with resource remaining open and multiple drill rigs turning

Firefly Metals Ltd is raising A$139.5 million through an institutional placement, flow-through share offering, and share purchase plan to drive growth and development at its flagship Green Bay copper-gold project in Newfoundland & Labrador, Canada, and the Pickle Crow gold project in Ontario, Canada. The Green Bay project has a large-scale, high-grade mineral resource of 1.4Mt of contained copper equivalent at 2.2% copper equivalent, including a 50.4Mt measured and indicated resource grading 2.0% copper equivalent for 1.0Mt of contained copper, and a 29.3Mt inferred resource grading 2.5% copper equivalent for 722kt of contained copper. The project also has an exceptional high-grade core zone of 346kt of copper equivalent in the measured and indicated category and 414kt of copper equivalent in the inferred category. The resource remains open for continued growth, with multiple drill rigs turning to expand the resource. The company also owns the Pickle Crow gold project in Ontario, which has an inferred resource of 2.8Moz at 7.2g/t gold. The equity raise will fund underground development, drilling, technical studies, and regional exploration across the company's projects.

The equity raise will allow Firefly Metals to accelerate growth through drilling and advance development studies at its high-grade copper-gold and gold projects in Canada.