• Substantial increase in the Resource at Green Bay Copper-Gold Project in Canada
• Four rigs drilling underground as part of fully-funded 130,000m drill campaign
• Completed transaction to acquire highly prospective Tilt Cove copper-gold regional exploration project

FireFly Metals Ltd (ASX/TSX: FFM) reported on a highly successful quarter, during which the company posted a substantial Resource increase at its Green Bay Copper-Gold Project in Canada and embarked on a new drilling program to grow and upgrade the Resource. The Measured and Indicated Resource at the Green Bay Copper-Gold Project grew to 24.4Mt at 1.9% for 460kt CuEq and the Inferred Resource grew to 34.5Mt at 2% for 690kt CuEq, reflecting the results of the highly successful 2023-2024 underground drilling campaign. The Resource increase was driven mainly by mineralisation from the large-scale footwall copper zone. Four rigs are now drilling underground as part of a fully-funded 130,000m drill campaign with a combined focus on Resource growth and conversion infill. During the quarter, FireFly also listed on the Toronto Stock Exchange (TSX) under the symbol 'FFM', in addition to its primary listing on the ASX, with the aim of significantly increasing its profile in the North American investment community. The company also completed the transaction to acquire the 115km2 highly prospective Tilt Cove copper-gold regional exploration project in Newfoundland, strengthening its regional land holding.

FireFly is well funded for its accelerated growth strategy with ~A$84.1 million in cash, receivables and liquid investments at 31 December 2024.