Firefly Metals – Interim Financial Report for the Year Ended 31 December 2025
Press Release
DIRECTORS’ REPORT
The Directors of FireFly Metals Ltd (FireFly or the Company) and its controlled entities (collectively, the Group) present their half year report together with the interim financial statements of the Group for the half year period ended 31 December 2025.
Board of Directors
The Directors of the Company in office during the half year and until the date of this report are set out below. Directors were in office for the entire period unless otherwise stated.
Kevin Tomlinson Non-Executive Chairman
Stephen Parsons Managing Director
Michael Naylor Executive Director
Renée Roberts Non-Executive Director
Leanne Heywood Non-Executive Director (appointed 3 November 2025)
About FireFly Metals Ltd
FireFly Metals Ltd (ASX, TSX: FFM) is an emerging copper-gold company focused on advancing the high-grade Green Bay Copper-Gold Project in Newfoundland, Canada. The Green Bay Copper-Gold Project currently hosts a Mineral Resource Estimate (MRE) of 50.4Mt of Measured and Indicated (M&I) Mineral Resources at 2.0% for 1,016Kt copper equivalent (CuEq) and 29.3Mt of Inferred Mineral Resources at 2.5% for 722Kt CuEq, prepared and disclosed in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012) and Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101). The Company has a clear strategy to rapidly grow and upgrade the copper-gold Mineral Resource and advance upscaled economic studies to demonstrate a globally significant copper-gold asset.
FireFly also holds a 70% interest in the high-grade Pickle Crow Gold Project, located in the Red Lake Mining District in Northwestern Ontario, Canada. At present, the Pickle Crow Gold Project has an Inferred Mineral Resource of 11.9Mt at 7.2g/t for 2.8Moz gold, with exceptional discovery potential on the 500km2 tenement holding.
On 2 February 2026, the Company announced that it has entered into a binding share sale and purchase deed with Bellavista Resources Ltd (ASX: BVR) (Bellavista) to sell to Bellavista its Ontario Gold Assets, comprising its 70% interest in the Pickle Crow Gold Project and 100% of the Sioux Lookout Project, subject to and conditional upon the satisfaction or waiver of certain conditions precedent. Further details regarding the transaction are set out in the Pickle Crow Gold Project section of this report.
The Company also holds a 90% interest in the Limestone Well Vanadium-Titanium Project in Western Australia.
Further information regarding FireFly is available on the ASX platform (ASX: FFM) www.asx.com.au or the Company’s website www.fireflymetals.com.au or SEDAR+ at www.sedarplus.ca.
Principal Activities
The principal activities of the Group during the period consisted of mineral exploration and evaluation at the Green Bay Copper-Gold Project in Newfoundland and Labrador, Canada, the Pickle Crow Gold Project in Ontario, Canada and the Limestone Well Vanadium-Titanium Project in Western Australia.
IBF4
