FireFly Metals (FFM) Q2 2026 TU earnings summary

Executive summary

• Achieved outstanding infill drilling results at the Green Bay Copper-Gold Project, confirming scale, grade, and continuity of the high-grade Core Zone.

• Advanced economic studies and permitting for an upscaled restart of copper-gold production at Green Bay.

• Completed the sale of Ontario Gold Assets, including Pickle Crow, to Bellavista Resources, with in-specie distribution of Bellavista shares to shareholders.

• Promoted to FTSE Global Equity Index Series Small Cap and FTSE All Cap, reflecting increased market capitalisation.

Financial highlights

• Cash and liquid investments of approximately A$219.9 million as of 31 March 2026.

• Net cash outflows for the quarter: A$1.0 million (operating), A$19.2 million (investing), A$1.2 million (financing).

• Cash balance at quarter end: A$206.8 million.

• Estimated 10.5 quarters of funding available based on current cash and outgoings.

Outlook and guidance

• Resource update and Preliminary Economic Assessment (PEA) for Green Bay scheduled for June and mid-2026, respectively.

• Early works and construction permitting underway, with selective low-cost activities to commence soon.

• Regional exploration accelerating, with maiden drilling at Tilt Cove expected in coming months.