FireFly Metals (FFM) Q3 2025 TU earnings summary

Executive summary

• Achieved exceptional drilling results at the Green Bay Copper-Gold Project, extending known mineralisation by over 650m and confirming high-grade, large-scale continuity.

• Progressed four key growth pillars: resource growth, resource upgrade, new discoveries, and economic studies for an upscaled production restart.

• Added to the S&P/ASX 300 Index, reflecting increased investor recognition.

• Secured environmental approvals for an upscaled restart; mining studies and permitting underway.

• Well-funded with A$114.3 million in cash at quarter-end, following successful equity raisings.

Financial highlights

• Cash balance at 30 September 2025: A$114.3 million.

• Net cash outflows: A$2.8 million from operating activities, A$17.8 million from investing activities.

• Net cash inflows from financing: A$35.3 million, mainly from equity raisings.

• Completed A$98.1 million equity raising and A$10 million share purchase plan.

Outlook and guidance

• Updated Mineral Resource Estimate (MRE) for Green Bay due by year-end 2025.

• First economic studies (Scoping Study) scheduled for completion in Q1 2026.

• Aggressive drilling and exploration to continue, targeting both resource growth and new discoveries.

• Strategic review of Pickle Crow Gold Project expected to conclude by end of 2025.