FireFly Metals (FFM) RIU Explorers Conference 2026 summary

Project growth and resource expansion

• Resource has grown to 80 million tonnes at 2.2% copper equivalent, with a high-grade core of nearly 20 million tonnes at close to 4% copper equivalent, and ongoing drilling is expected to further increase the resource size.

• Focus on converting Inferred resources to Measured & Indicated, with almost 50 million tonnes now in the M&I category, supporting upcoming study work.

• Recent drilling produced the best intersection to date: nearly 50 meters at 6% copper, including a core of almost 14% copper and gold, indicating strong potential for further growth.

• Exploration is expanding beyond the main ore body to regional tenements, targeting additional large-scale discoveries and parallel lodes.

• The ore body is now recognized as one of the largest copper resources on the ASX and TSX, with 1.4 million tonnes of contained copper.

Operational and financial position

• Fully permitted for a 1.8 million tonne per annum operation, with infrastructure advantages including cheap hydroelectric power, port access, and skilled local workforce.

• AUD 250 million in cash, no debt, no streaming, and only a minor royalty, providing a strong financial base for growth and exploration.

• Study work to demonstrate potential for a larger, longer-life mine is scheduled for mid-year, with further updates expected by year-end as the project moves toward FID.

• Institutional ownership is high, with strong daily trading volumes and recent inclusion in the ASX 300.

• The project benefits from a supportive mining jurisdiction, with rapid permitting and government backing.

Strategic transactions and shareholder value

• Recently sold the Pickle Crow gold project, retaining a 10% stake and distributing Bellavista shares to existing shareholders, offering additional upside.

• Bellavista, led by experienced industry figures, is well-capitalized and positioned for further growth, enhancing value for shareholders.

• Ongoing news flow is expected from both the main project and regional exploration, as well as from the Pickle Crow transaction.