Green Bay Resource Grows to 50.4Mt M&I Containing 863kt Copper and 546koz Gold

A Growing Copper-Gold Asset in a Tier-One Jurisdiction

FireFly Metals Ltd has delivered a significant mineral resource update for its Green Bay Copper-Gold Project in Newfoundland, Canada, confirming the project’s rapid growth trajectory. The updated resource now stands at 50.4 million tonnes measured and indicated (M&I) containing 863,000 tonnes of copper and 546,000 ounces of gold, alongside an inferred resource of 29.3 million tonnes with 566,000 tonnes of copper and 563,000 ounces of gold. This positions Green Bay as a large-scale, high-grade asset in a globally recognized mining jurisdiction.

The project’s high-grade core zone, boasting an impressive 3.9% copper equivalent grade, remains open for expansion. FireFly is actively drilling with six underground rigs and two surface rigs, targeting further resource growth and regional exploration. This aggressive drilling campaign underscores the company’s commitment to unlocking the full potential of the Green Bay district.

Infrastructure and Permitting – A Head Start on Development

One of Green Bay’s standout features is its existing infrastructure, including an operational underground mine, shaft, processing plant, and proximity to a deep-water port. The availability of low-cost hydroelectric power and a skilled local workforce further enhances the project’s economics. Environmental permitting is well advanced, with approvals secured for an initial upscaled mining operation and tailings storage facility, setting the stage for a smooth transition to production.

FireFly plans to complete maiden economic studies in the first half of 2026, which will evaluate various mining and processing scenarios. These studies will leverage the upgraded resource base and existing infrastructure to outline a pathway toward a mid-tier copper-gold operation.

Complementary Gold Upside at Pickle Crow

Beyond Green Bay, FireFly’s Pickle Crow Gold Project in Ontario offers a high-grade inferred gold resource of 2.8 million ounces at 7.2 grams per tonne. This project remains open for expansion and presents a valuable opportunity to diversify the company’s asset base and enhance shareholder value.

Strong Financial Position and Experienced Management

FireFly enters this growth phase well-funded, with approximately A$129.7 million in cash and liquid assets, no debt, and a strong shareholder register including major institutional investors. The management team brings deep expertise in Canadian mining, with a proven track record of advancing projects from discovery to production efficiently.

With a clear strategy focused on resource growth, infrastructure leverage, and timely economic studies, FireFly Metals is positioning itself as a compelling copper-gold developer amid a tightening global copper supply outlook.