FireFly Metals (FFM) Noosa Mining Investor Conference summary

Project evolution and growth

• Market capitalization increased from $70 million to $770 million in under two years, with share price rising from $0.37 to $1.16.

• Resource expanded by 20 million tons to 60 million tons at 2% copper equivalent, with land holdings growing from 56 to 346 square kilometers.

• Eight drill rigs now active, up from zero in October 2023, driving significant resource growth.

• Focus on copper and gold due to strong long-term demand and supply constraints in global markets.

• Project positioned as a unique copper-gold development opportunity on the ASX and TSX.

Operational and financial position

• Recently completed a capital raise, resulting in $145 million AUD in cash and no debt or offtake agreements.

• Strong institutional investor base, including BlackRock and Regal Funds.

• Dual-listed on ASX and TSX, attracting global investor interest.

• Existing infrastructure valued at $250 million provides a head start for redevelopment.

• Environmental clearance for mill rebuild achieved in just 45 days, expediting project timelines.

Exploration and resource development

• Nearly 100,000 meters drilled in the last 18 months, significantly extending the ore body.

• High-grade intersections include 25.8m at 5.1% copper and 12.4m at 6.8% copper equivalent.

• Infill drilling aims to increase measured and indicated resources from 34% to a target of 80%.

• Three value drivers identified: resource growth, mining studies, and new discoveries.

• Regional exploration targets multiple VMS clusters, with ongoing surface drilling and strong discovery potential.