Green Bay Copper Gold Project Mineral Resources

The Green Bay copper-gold project is located in the Baie Verte district of north-east Newfoundland, Canada. The province of Newfoundland and Labrador has been recognised as a top four global mining investment jurisdiction in the 2022 Fraser Institute Annual Survey of Mining Companies.

1. FireFly Metals Ltd Resources for the Green Bay Copper-Gold project, incorporating the Ming Deposit and Little Deer Complex, are reported in accordance with the JORC Code (2012 Edition);
2. Mineral resources have been reported at a 1.0% copper cut-off grade.
3. Metal equivalents for the Resource Estimate has been calculated at a copper price of US$8,750/t, gold price of US$2,500/oz and silver price of US$25/oz. Metallurgical recoveries have been set at 95% for copper and 85% for both gold and silver.  CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) + (Ag(g/t) X 0.00822)
4. Totals may vary due to rounding

Pickle Crow Gold Project Mineral Resources

2.8 Moz at 7.2 g/t Gold Inferred Resource

The mineral Resource estimation was prepared in accordance with the JORC Code (2012 edition) by reputable Australian firm Cube Consulting Pty Ltd with oversight from FireFly personnel. The Resource estimate as at 31 December 2022 which was released on 4 May 2023 is presented in the table below.