FireFly Metals (FFM) Investor Presentation summary

Resource growth and project scale

• Green Bay Project upgraded to 50.4Mt @ 2.0% CuEq (863kt Cu, 546koz Au) in M&I and 29.3Mt @ 2.5% CuEq (566kt Cu, 563koz Au) Inferred, with a high-grade core zone of 8.8Mt @ 3.9% CuEq M&I and 10.9Mt @ 3.8% CuEq Inferred.

• Resource remains open with multiple drill rigs operating, targeting further growth and new discoveries through 2026 and 2027.

• Discovery cost is low at C$25.12 (US$17.83) per CuEq tonne, with M&I resource at Ming growing 121% since acquisition.

• Significant regional exploration potential with 325 geophysical targets and multiple VMS clusters identified for testing.

• Environmental approval secured for upscaled restart, with economic studies and mine upscaling underway for 2026.

Financial position and equity raising

• A$139.5 million equity raise through institutional placement, flow-through shares, Canadian offering, and share purchase plan.

• Proceeds to fund underground development, drilling, technical studies, and regional exploration, with a pro-forma cash balance of A$244.5 million.

• No debt, no offtake or streaming agreements, and strong institutional shareholding (71%).

• Share price at A$1.95, market capitalization ~A$1.3B, and average daily volume of 4.8M shares.

Project infrastructure and operational advantages

• Fully operational underground mine, shaft, processing plant, and access to deepwater port and low-cost hydro power.

• Existing infrastructure valued at A$250M, with mine permitted and ready for start-up.

• Excellent geotechnical conditions allow for deeper mining at lower cost compared to Western Australia.

• Project located in a top-tier mining jurisdiction with strong government support and expedited permitting.