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Exceptional high-grade copper and gold

Corporate Updates

FireFly Metals Ltd

+61 8 9220 9030

[email protected]

www.fireflymetals.com.au

ACN 110 336 733

Principal & Registered Office:

Level 2/8 Richardson Street West Perth WA 6005

ASX: FFM | TSX: FFM

Company Announcement

9 October 2025

Green Bay Copper-Gold Project, Canada

Exceptional high-grade copper and gold

results pave the way for a significant Mineral

Resource Estimate update this quarter

Six rig drill campaign continues underground; Step-out results from extension drilling at

Ming Mine expected in the coming weeks; Regional exploration programmes underway

KEY POINTS

• Latest drill results demonstrate both the continuity, quality and scale of the copper and gold

mineralisation at Green Bay

• Results from infill drilling targeting the upper high-grade copper and gold rich Volcanogenic

Massive Sulphide ( VMS) zones demonstrate consistent high -grade mineralisation,

including:

o 4.4m @ 19.5% CuEq1 (3.1% Cu & 19.2g/t Au) in hole MUG25-113 (~ true thickness)

o 10.1m @ 10.1% CuEq (6.6% Cu & 4.1g/t Au) in hole MUG25-110 (~ true thickness)

o 8.0m @ 8.6% CuEq (3.2% Cu & 5.8g/t Au) in hole MUG25-068 (~ true thickness)

o 11.4m @ 6.3% CuEq (4.4% Cu & 2.1g/t Au) in hole MUG25-083 (~ true thickness)

o 5.5m @ 5.7% CuEq (4.2% Cu & 1.6g/t Au) in hole MUG25-108 (~ true thickness)

• In addition, broad intersections of Footwall Zone (FWZ) style copper mineralisation continue

to highlight areas of thick and consistent copper mineralisation, indicating potential for

large-scale bulk mining. Intersections include:

o 21.9m @ 4.0% CuEq (3.8% Cu & 0.1g/t Au) within a broader zone of 117.0m @ 2.1% CuEq (2.0%

Cu & 0.1g/t Au) in hole MUG25-078 (~ true thickness), including an internal zone grading 21.9m @ 4.0%

CuEq (3.8% Cu & 0.1g/t Au)

o 22.1m @ 4.9% CuEq (4.6% Cu & 0.2g/t Au) in hole MUG25-083 (~ true thickness)

o 25.0m @ 2.8% CuEq (2.6% Cu & 0.2g/t Au) followed by a further zone of 10.6m @ 2.2% CuEq

(2.0% Cu & 0.2g/t Au) in hole MUG25-081 (~ true thickness)

o 51.9m @ 2.0% CuEq (1.9% Cu & 0.1g/t Au) in hole MUG25-058 (~ true thickness)

• An updated Mineral Resource Estimate is planned for release later this quarter

1 Metal equivalent for drill results reported in this announcement have been calculated at a copper price of US$8,750/t, gold

price of US$2,500/oz, silver price of US$25/oz and zinc price of US$2,500/t. Metallurgical recoveries have been set at 95% for

copper, 85% for precious metals and 50% for zinc. CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) + (Ag(g/t) x 0.00822) + (Zn(%) x

0.15038). In the opinion of the Company, all elements included in the metal equivalent calculation have a reasonable

potential to be sold and recovered based on current market conditions, metallurgical test work, and historical performance

achieved at the Green Bay project whilst in operation.

ASX: FFM | TSX: FFM

Page | 2

• The current Mineral Resource Estimate for Green Bay totals 24.4Mt at 1.9% for 460Kt CuEq of

Measured & Indicated Resource s and 34.5Mt at 2.0% for 690Kt CuEq of Inferred Resource s

(see ASX announcement dated 29 October 2024)

• The infill drilling results in this announcement suggest a significant increase in higher

confidence Measured and Indicated (M&I) Mineral Resource category may be expected in

the upcoming Mineral Resource Estimate update ; The highly valuable M&I Resource will

underpin preliminary economic studies that are scheduled for completion in Q1 2026

• Assay results are due in the coming weeks for step -out drilling targeting down -plunge

extensions of Ming mineralisation

• Eight diamond rigs now operating (six underground and two on surface) to upgrade the

current Mineral Resource, extend known mineralisation and make new regional discoveries

• Regional exploration is well underway, with drill rigs systematically testing conductive

geophysical anomalies in the central Green Bay leases (see ASX announcement dated 24 July

2025). A VTEM survey is being completed over the Company’s Tilt Cove Project

• FireFly was admitted to the ASX 300 index on 22 September 2025 highlighting the Company’s

rapid growth since the acquisition of the Green Bay Copper-Gold Project in October 2023

• FireFly has a strong balance sheet with cash and liquid investments of ~A$145M 2 following

successful completion of the recent equity raise. These funds will be used to accelerate

exploration activities and complete the feasibility study on the upscaled Green Bay Project

FireFly Managing Director Steve Parsons said: “ Our aggressive drilling strategy, now being

advanced with eight diamond rigs, is paying huge dividends.

“These latest infill drilling results pave the way for growth in the Measured and Indicated

Resource.

“With eight drill rigs turning and a Mineral Resource Estimate update planned for later this

quarter, we expect to continue generating strong news flow as we seek to drive Mineral Resource

growth and unlock more value from our increasingly valuable copper and gold asset in a true

tier-one location”.

FireFly Metals Ltd (ASX, TSX: FFM) (Company or FireFly) is pleased to announce further high-grade

infill drilling results from its underground drilling at the Green Bay Copper-Gold Project.

An extensive six-rig underground drill campaign is underway at the Ming Mine with the dual

objectives of growing the current Mineral Resource and , most importantly, upgrading more of the

Inferred Resources to the comparatively more valuable Measured and Indicated ( M&I) Mineral

Resource categories.

2 Cash, receivables and liquid investment position at 30 June 2025, plus A$10 million gross proceeds received from the Share

Purchase Plan first announced on 5 June 2025 and completed on 14 July 2025 , plus net proceeds of ~A$26.6 million from

the second tranche of the institutional placement first announced on 5 June 2025 and completed on 3 September 2025.

ASX: FFM | TSX: FFM

Page | 3

Infill drilling continues to confirm the presence of strong and consistent mineralisation in areas

previously subject to wide-spaced drilling. Drilling of the upper high-grade copper and gold VMS

lenses has returned exceptional intersections, including 4.4m @ 19.5% CuEq, 10.1m @ 10.1% CuEq

and 8.0m @ 8.6%CuEq (all approximate true thickness). Additional drilling of the broad copper

stringer FWZ continues to highlight thick zones of mineralisation that are likely suitable for large -

scale bulk mining. Infill intersections returned recently include world-class results such as 117m @

2.1% CuEq, 51.9m @ 2.0% CuEq and 22.1m @ 4.9% CuEq.

The infill drill ing results in this announcement suggest a significant increase in the higher

confidence Measured and Indicated (M&I) Mineral Resource category may be expected in the

Mineral Resource Estimate update planned for later this quarter.3

The current Mineral Resource Estimate stands at 24.4Mt @ 1.9% for 460Kt CuEq of M&I Resources

and a further 34.5Mt @ 2.0% for 690Kt CuEq of Inferred Resources.4

Figure 1: Long section through the Green Bay Ming underground mine showing the location of select drill results

from this announcement only. Results from both the high -grade copper -gold VMS zone and broad copper

Footwall Zone are shown. The green shape is a modelled DHEM anomaly demonstrating the mineralisation

remains open at depth ready for drill testing (from hole MUG25-040 - see ASX announcement dated 7 May 2025

for further details) Drill assays >0.5% copper are shown in red. Refer to all drill results and loca tions further in this

ASX announcement.

The higher -confidence M&I categories of Mineral Resources are important because they will

underpin the economic studies into upscaled production at Green Bay that the Company plans to

complete in H1 2026.

Regionally, exploration programmes are also well underway, following the North American summer

break period, with two diamond drill rigs now on site and ready to accelerate the regional discovery

3 Timeframes are indicative and may be subject to change.

4 See ASX announcement dated 29 October 2024.

ASX: FFM | TSX: FFM

Page | 4

campaign. Geophysical data collection continues, with a detailed helimagnetic survey being

conducted over the central Green Bay leases. A comprehensive VTEM survey is being completed

over the entire 115km 2 of the adjacent Tilt Cove Project to the east of the Ming Mine. The new

geophysical data is expected to be available in the coming weeks. The rigs will systematically test

geophysical anomalies generated by this new data and the Company’s previous airborne VTEM

surveys.

FireFly is well funded to accelerate its growth campaign and engineering studies with a recent well

supported equity raising which has strengthened the Company’s balance sheet, with cash and

liquid investments of ~A$145 million5.

About the Drilling Results

Drilling at the Ming underground copper-gold mine recommenced following the acquisition of the

Green Bay Copper-Gold Project by FireFly in October 2023 . In total, FireFly has completed 241

underground holes for a total of ~123,673m of underground diamond drilling to 6 October 2025.

This announcement contains the results of 49 drill holes. The drilling results reported in this

announcement are predominantly the results of infill drilling and drilling of holes targeting the

lateral margins of the mineralisation. Logging and analysis of additional drill holes is ongoing, and

further details will be reported as results are received. In addition, step -out growth drilling is

underway with the results due in the coming weeks.

There are two distinct styles of mineralisation present at the Green Bay Ming Mine, consisting of a

series of upper copper-gold rich VMS lenses underlain by a broad copper-rich stringer zone, known

as the Footwall Zone (or FWZ).

The Footwall Zone is extensive, with the copper stringer mineralisation observed over thicknesses

of ~150m and widths exceeding 200m. The known strike of the mineralisation defined to date is

2.3km and it remains open down-plunge.

Six drill rigs are currently operating underground , with the focus split between both step-out

extension and exploration (two rigs) and infill Resource conversion drilling (four rigs).

The location of drill positions and holes reported in this announcement is presented in Figure 2.

Significant assay results are presented in Appendix B of this announcement.

5 Cash, receivables and liquid investment position at 30 June 2025, plus A$10 million gross proceeds received from the Share

Purchase Plan first announced on 5 June 2025 and completed on 14 July 2025 , plus net proceeds of ~A$26.6 million from

the second tranche of the institutional placement first announced on 5 June 2025 and completed on 3 September 2025.

ASX: FFM | TSX: FFM

Page | 5

Figure 2: Long section through the Ming Mine showing the location of drill platforms and drilling reported in this

announcement as well as the significant DHEM conductor (see ASX announcement dated 7 May 2025) . Assay

results greater than 0.5% Cu are shown in red.

Resource Conversion Drilling from the 805L Exploration Drive

Drilling from the 805L drill drive focused primarily on upgrading the data density in the high-grade

copper-gold dominated VMS lenses defined by previously reported exploration drilling. The results

demonstrate strong continuity and consistent high grades in both the Ming North and South VMS

lenses in addition to the broad Footwall Zone (where targeted).

Drilling from the 805L is shown in Figure 3.

ASX: FFM | TSX: FFM

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Figure 3: Isometric view of drill positions in the 805L Exploration drill drive. Drill results from this announcement

are shown with copper assays >0.5% shown in red.

820L Resource Conversion Drilling

Resource definition drilling from the 8 20L Access was planned to infill the lower FWZ between

800mRL and 1,000mRL. This drilling was undertaken beneath the upper VMS mineralisation, thus no

intersections of VMS style mineralisation were returned. All drilling returned multiple zones of broad

FWZ style mineralisation and all mineralisation is ~ true thickness. Key intersections include, but

are not limited to:

Hole MUG25-064 intersected multiple footwall stringer zones:

• 6m @ 2.1% Cu, 0.1g/t Au, 3.4g/t Ag, 0.07% Zn (2.2% CuEq) from 65.0m (FWZ Stringer-style)

• 10m @ 2.3% Cu, 0.1g/t Au, 3.1g/t Ag, 0.07% Zn (2.5% CuEq) from 110.0m (FWZ Stringer-style)

• 5m @ 1.2% Cu, 0.1g/t Au, 1.6g/t Ag, 0.03% Zn (1.3% CuEq) from 149.0m (FWZ Stringer-style)

• 7m @ 1.5% Cu, 0g/t Au, 2g/t Ag, 0.01% Zn (1.5% CuEq) from 219.0m (FWZ Stringer-style)

• 6m @ 2.2% Cu, 0.1g/t Au, 3.7g/t Ag, 0.01% Zn (2.4% CuEq) from 239.0m (FWZ Stringer-style)

• 7m @ 1.8% Cu, 0.1g/t Au, 2.1g/t Ag, 0.02% Zn (1.9% CuEq) from 252.0m (FWZ Stringer-style)

• 5m @ 1.3% Cu, 0g/t Au, 1.9g/t Ag, 0.01% Zn (1.3% CuEq) from 333.0m (FWZ Stringer-style)

Hole MUG25-066 hosted several footwall stringer zones throughout the hole:

• 9m @ 1.5% Cu, 0.1g/t Au, 2.2g/t Ag, 0.02% Zn (1.6% CuEq) from 61.0m (FWZ Stringer-style)

• 4m @ 1.6% Cu, 0.1g/t Au, 2.2g/t Ag, 0.05% Zn (1.7% CuEq) from 90.0m (FWZ Stringer-style)

• 11.6m @ 1.4% Cu, 0.1g/t Au, 1.9g/t Ag, 0.03% Zn (1.5% CuEq) from 122.4m (FWZ Stringer-style)

• 2.9m @ 1.8% Cu, 0.3g/t Au, 2.7g/t Ag, 0.02% Zn (2.1% CuEq) from 147.0m (FWZ Stringer-style)

• 16m @ 1.8% Cu, 0.2g/t Au, 1.7g/t Ag, 0.01% Zn (1.9% CuEq) from 231.2m (FWZ Stringer-style)

• 9m @ 1.3% Cu, 0.1g/t Au, 1.3g/t Ag, 0.02% Zn (1.3% CuEq) from 252.2m (FWZ Stringer-style)

ASX: FFM | TSX: FFM

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Hole MUG25-071 was consistently mineralised throughout the hole :

• 8.8m @ 1.4% Cu, 0.1g/t Au, 2.2g/t Ag, 0.04% Zn (1.5% CuEq) from 61.5m (FWZ Stringer-style)

• 5.3m @ 2.5% Cu, 0.1g/t Au, 3.4g/t Ag, 0.1% Zn (2.6% CuEq) from 111.0m (FWZ Stringer-style)

• 4.0m @ 1.5% Cu, 0.1g/t Au, 2.1g/t Ag, 0.03% Zn (1.6% CuEq) from 124.0m (FWZ Stringer-style)

• 3.1m @ 3.2% Cu, 0.2g/t Au, 4.7g/t Ag, 0.02% Zn (3.4% CuEq) from 214.6m (FWZ Stringer-style)

• 3m @ 2.4% Cu, 0.1g/t Au, 3g/t Ag, 0.01% Zn (2.5% CuEq) from 239.0m (FWZ Stringer-style)

• 6.8m @ 1.6% Cu, 0.1g/t Au, 1.8g/t Ag, 0.02% Zn (1.7% CuEq) from 247.0m (FWZ Stringer-style)

• 7.4m @ 2.2% Cu, 0.1g/t Au, 3.3g/t Ag, 0.02% Zn (2.4% CuEq) from 262.6m (FWZ Stringer-style)

• 9.5m @ 1.4% Cu, 0.1g/t Au, 2g/t Ag, 0.01% Zn (1.4% CuEq) from 311.2m (FWZ Stringer-style)

• 4.5m @ 1.6% Cu, 0g/t Au, 1.9g/t Ag, 0.01% Zn (1.7% CuEq) from 326.6m (FWZ Stringer-style)

Hole MUG25-074 returned multiple mineralised zones:

• 7.1m @ 2.8% Cu, 0.3g/t Au, 2.4g/t Ag, 0.42% Zn (3.1% CuEq) from 13.8m (FWZ Stringer-style)

• 13.4m @ 1.1% Cu, 0.1g/t Au, 1.2g/t Ag, 0.01% Zn (1.3% CuEq) from 61.2m (FWZ Stringer-style)

• 2.9m @ 1.9% Cu, 0.2g/t Au, 2.1g/t Ag, 0.03% Zn (2.1% CuEq) from 176.1m (FWZ Stringer-style)

• 16.8m @ 2.3% Cu, 0.1g/t Au, 2.4g/t Ag, 0.02% Zn (2.4% CuEq) from 188.8m (FWZ Stringer-style)

• 6.9m @ 2.8% Cu, 0.4g/t Au, 3.6g/t Ag, 0.01% Zn (3.1% CuEq) from 220.4m (FWZ Stringer-style)

• 7.6m @ 2.0% Cu, 0.1g/t Au, 2g/t Ag, 0.03% Zn (2.2% CuEq) from 290.5m (FWZ Stringer-style)

Hole MUG25-078 contained a thick consistent zone of FWZ mineralisation, including a zone of 2%

CuEq exceeding 100m:

• 15.4m @ 1.9% Cu, 0.2g/t Au, 2.2g/t Ag, 0.18% Zn (2% CuEq) from 9.0m (FWZ Stringer-style)

• 8.5m @ 1.5% Cu, 0.1g/t Au, 1.2g/t Ag, 0.01% Zn (1.6% CuEq) from 120.5m (FWZ Stringer-style)

• 117m @ 2.0% Cu, 0.1g/t Au, 2g/t Ag, 0.01% Zn (2.1% CuEq) from 139.3m (FWZ Stringer-style)

o Including 21.9m @ 3.82% Cu, 0.1g/t Au, 4.1g/t Ag, 0.01% Zn (4.0% CuEq) from 234.4m

MUG25-081 drilled several zones of copper mineralisation, including:

• 11.4m @ 3.0% Cu, 0.2g/t Au, 3.1g/t Ag, 0.12% Zn (3.2% CuEq) from 30.5m (FWZ Stringer-style)

• 2m @ 2.3% Cu, 0.2g/t Au, 3.5g/t Ag, 0.04% Zn (2.5% CuEq) from 96.0m (FWZ Stringer-style)

• 5.3m @ 1.3% Cu, 0.2g/t Au, 1.6g/t Ag, 0.02% Zn (1.5% CuEq) from 118.0m (FWZ Stringer-style)

• 5.7m @ 1.2% Cu, 0.1g/t Au, 1.6g/t Ag, 0.01% Zn (1.3% CuEq) from 133.3m (FWZ Stringer-style)

• 25m @ 2.6% Cu, 0.2g/t Au, 3.9g/t Ag, 0.02% Zn (2.8% CuEq) from 188.0m (FWZ Stringer-style)

• 10.6m @ 2.0% Cu, 0.2g/t Au, 3.4g/t Ag, 0.03% Zn (2.2% CuEq) from 292.4m (FWZ Stringer-style)

Hole MUG25 -085 intersected multiple lower grade zones at the margins of expected footwall

zone mineralisation:

• 5m @ 1.4% Cu, 0.1g/t Au, 2.3g/t Ag, 0.06% Zn (1.6% CuEq) from 65m (FWZ Stringer-style)

• 10.7m @ 1.4% Cu, 0.1g/t Au, 1.6g/t Ag, 0.02% Zn (1.5% CuEq) from 253m (FWZ Stringer-style)

Hole MUG25-088 returned a thick and consistent zone of FWZ mineralisation from 118.4m:

• 2.1m @ 1.9% Cu, 0.2g/t Au, 2.8g/t Ag, 0.05% Zn (2.1% CuEq) from 71.3m (FWZ Stringer-style)

• 3m @ 1.9% Cu, 0.1g/t Au, 2.4g/t Ag, 0.02% Zn (2.1% CuEq) from 82.8m (FWZ Stringer-style)

• 28.6m @ 1.7% Cu, 0.1g/t Au, 2.5g/t Ag, 0.07% Zn (1.8% CuEq) from 118.4m (FWZ Stringer-style)

805L Exploration Drive - Crosscut 1 Resource Conversion Drilling

The drilling in the 805L Crosscut 1 targeted predominantly high-grade VMS mineralisation . Holes

were extended to test for footwall style stringer mineralisation , however lower grade results were

anticipated due to the holes being planned outside of the high -grade core of the FWZ. Significant

intersections include, but are not limited to (all approximate true thickness):

ASX: FFM | TSX: FFM

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Hole MUG25 -095 intersected an upper high -grade VMS zone underlain by multiple zones of

footwall mineralisation:

• 6.5m @ 3.2% Cu, 1.9g/t Au, 8.2g/t Ag, 0.13% Zn (4.9% CuEq) from 41.5m (VMS-style)

• 5.6m @ 1.4% Cu, 0.1g/t Au, 1.1g/t Ag, 0.06% Zn (1.5% CuEq) from 130m (FWZ Stringer-style)

• 3.9m @ 5.8% Cu, 0.8g/t Au, 7.5g/t Ag, 0.2% Zn (6.5% CuEq) from 163.8m (FWZ Stringer-style)

• 10.0m @ 1.2% Cu, 0.1g/t Au, 1.6g/t Ag, 0.03% Zn (1.3% CuEq) from 184m (FWZ Stringer-style)

Hole MUG25 -100 encountered a thick upper VMS zone and numerous lower -grade footwall

zones:

• 9.1m @ 2.8% Cu, 1.3g/t Au, 10.7g/t Ag, 0.14% Zn (3.9% CuEq) from 42.9m (VMS-style)

• 12.7m @ 1.5% Cu, 0.2g/t Au, 2.5g/t Ag, 0.05% Zn (1.7% CuEq) from 78.3m (FWZ Stringer-style)

• 5.8m @ 1.4% Cu, 0.1g/t Au, 1.9g/t Ag, 0.03% Zn (1.5% CuEq) from 199.7m (FWZ Stringer-style)

• 4.0m @ 1.7% Cu, 0.1g/t Au, 2.1g/t Ag, 0.01% Zn (1.7% CuEq) from 356.3m (FWZ Stringer-style)

Hole MUG25 -108 successfully delineated the upper VMS zone in addition to multiple

intersections of stringer-style mineralisation:

• 5.5m @ 4.2% Cu, 1.6g/t Au, 14.6g/t Ag, 0.25% Zn (5.7% CuEq) from 47.6m (VMS-style)

• 3.7m @ 5.4% Cu, 0.6g/t Au, 7.5g/t Ag, 0.07% Zn (6% CuEq) from 74.6m (FWZ Stringer-style)

• 11.4m @ 2.6% Cu, 0.4g/t Au, 4.3g/t Ag, 0.07% Zn (3% CuEq) from 84.6m (FWZ Stringer-style)

• 11.5m @ 1.1% Cu, 0.3g/t Au, 1.7g/t Ag, 0.04% Zn (1.3% CuEq) from 106m (FWZ Stringer-style)

• 7.9m @ 1.4% Cu, 0.1g/t Au, 2.3g/t Ag, 0.02% Zn (1.5% CuEq) from 223m (FWZ Stringer-style)

• 10.5m @ 1.0% Cu, 0.1g/t Au, 1.7g/t Ag, 0.02% Zn (1.1% CuEq) from 339m (FWZ Stringer-style)

805L Exploration Drive - Crosscut 2 Resource Conversion Drilling

Resource definition drilling from the 805L Crosscut 2 targeted peripheral high-grade VMS

mineralisation identified by initial wide -spaced drilling. This drilling aimed to define the limits of

individual sulphide channels . Select holes were extended to intersect the broad footwall style

mineralisation. Significant intersections include, but are not limited to (all approximate true

thickness):

Hole MUG25-061 returned a thin upper VMS zone intersected at the edge of the channel and was

underlain by multiple stringer zones:

• 1.2m @ 2.7% Cu, 3.2g/t Au, 16.5g/t Ag, 0.61% Zn (5.6% CuEq) from 82.4m (VMS-style)

• 9.2m @ 1.6% Cu, 0.1g/t Au, 2g/t Ag, 0.01% Zn (1.7% CuEq) from 271.4m (FWZ Stringer-style)

• 17.7m @ 1.8% Cu, 0.1g/t Au, 2.2g/t Ag, 0.02% Zn (1.9% CuEq) from 287m (FWZ Stringer-style)

• 2.9m @ 2.7% Cu, 0.2g/t Au, 4.4g/t Ag, 0.02% Zn (2.9% CuEq) from 333.5m (FWZ Stringer-style)

Hole MUG25 -070 contained numerous intersections of both VMS and stringer style

mineralisation:

• 1.1m @ 3.7% Cu, 3.0g/t Au, 19.5g/t Ag, 0.65% Zn (6.4% CuEq) from 74.2m (VMS-style)

• 1.9m @ 1.3% Cu, 2.0g/t Au, 10.7g/t Ag, 1.29% Zn (3.2% CuEq) from 102.1m (VMS-style)

• 5.2m @ 1.3% Cu, 0.1g/t Au, 1.8g/t Ag, 0.01% Zn (1.4% CuEq) from 263m (FWZ Stringer-style)

Hole MUG25 -075 intersected a gold -rich VMS horizon underlain by thick footwall -style

mineralisation:

• 6.2m @ 2.0% Cu, 2.7g/t Au, 17.4g/t Ag, 0.72% Zn (4.4% CuEq) from 97.1m (VMS-style)

• 25m @ 1.6% Cu, 0.1g/t Au, 2.1g/t Ag, 0.01% Zn (1.7% CuEq) from 259m (FWZ Stringer-style)