FireFly appoints highly experienced resources specialist as Non-Executive Director
FireFly Metals Ltd
+61 8 9220 9030
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
3 November 2025
FireFly appoints highly experienced resources
specialist as Non-Executive Director
Leanne Heywood was most recently a senior international copper
marketing executive with Rio Tinto
FireFly Metals L td (ASX/TSX: FFM ) ( FireFly or the Company) is pleased to announce the
appointment of highly regarded resources executive and company director Leanne Heywood as
an Independent Non-Executive Director.
Ms Heywood, who is a Fellow of accounting body CPA Australia, has significant experience as an
international executive in the mining sector.
Most recently, she held a senior international copper marketing role with Rio Tinto Limited (ASX: RIO)
and, prior to that, she was Chief Financial Officer of a copper mine in the Rio Tinto portfolio.
Ms Heywood currently serves as a Non -Executive Director of Deterra Royalties Limited (ASX: DRR),
Snowy Hydro Limited, Lotus Resources Limited (ASX: LOT), Advanced Energy Minerals, Denison Gas
Limited and The Royal Flying Doctor Service of Australia (South Eastern Section).
She previously served as a Non -Executive Director of MAC Copper Limited before its US$1.0 billion
takeover by Harmony Gold Mining Company Limited in October 2025, and served as Non-Executive
Director and Chair of the Audit Committee at Arcadium Lithium plc (NYSE: ALTM) , prior to its
acquisition by Rio Tinto in March 2025.
Ms Heywood was New South Wales Business Woman of the Year in 2019 and in 2021 was awarded
the Medal of the Order of Australia (OAM).
She holds an MBA from the University of Melbourne, is a Graduate of the Australian Institute of
Company Directors (GAICD) and a Fellow of CPA Australia.
FireFly Non -Executive Chairman, Kevin Tomlinson said: “We are delighted to welcome
Leanne to the Board . Her wealth of experience in the copper sector and in financial
management will enable her to contribute valuable insights as the Company continues to
progress towards becoming a copper and gold producer.
“Importantly, Leanne’s appointment also strengthens the independence and gender diversity
of the Board, and appropriately enhances the Board’s composition following a period of rapid
growth and FireFly’s recent addition to the S&P/ASX 300 Index.”
FireFly Managing Director , Steve Parsons said: “Leanne will bring invaluable skills and
experience to FireFly, particularly in the specialised area of copper marketing.
“With the copper -gold Mineral Resource continuing to grow at our Green Bay Project and
economic studies underway, Leanne is perfectly placed to help us prepare for what will be
an increasingly important aspect of our business.”
ASX: FFM | TSX: FFM
Page | 2
Steve Parsons
Managing Director
FireFly Metals Ltd
+61 8 9220 9030
Jessie Liu-Ernsting
Chief Development Officer
FireFly Metals Ltd
+1 709 800 1929
Media
Paul Armstrong
Read Corporate
+61 8 9388 1474
ABOUT FIREFLY METALS
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 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) of 24.4Mt of Measured and Indicated Resources at 1.9%
for 460Kt CuEq and 34.5Mt of Inferred Resources at 2% for 690Kt CuEq. The Company has a clear
strategy to rapidly grow the copper -gold Mineral Resource to demonstrate a globally significant
copper-gold asset. FireFly has commenced a 130,000m diamond drilling program.
FireFly holds a 70% interest in the high -grade Pickle Crow Gold Project in Ontario. The current
Inferred Resource stands at 11.9Mt at 7.2g/t for 2.8Moz gold, with exceptional discovery potential on
the 500km2 tenement holding.
The Company also holds a 90% interest in the Limestone Well Vanadium -Titanium Project in
Western Australia.
For furthe r information regarding FireFly Metals Ltd please visit the ASX platform (ASX:FFM) , the
Company’s website www.fireflymetals.com.au or SEDAR+ at www.sedarplus.ca.
COMPLIANCE STATEMENTS
Mineral Resources Estimate – Green Bay Project
The Mineral Resource Estimate for the Green Bay Project referred to in this announcement and set out in
Appendix A was first reported in the Company’s ASX announcement dated 29 October 2024, titled
“Resource increases 42% to 1.2Mt of contained metal at 2% Copper Eq” and is also set out in the Technical
Reports for the Ming Copper Gold Mine, titled “National Instrument 43-101 Technical Report, FireFly Metals
Ltd., Ming Copper-Gold Project, Newfoundland” with an effective date of 29 November 2024 and the Little
Deer Copper Project, titled “Technical Report and Updated Mineral Resource Estimate of the Little Deer
Complex Copper Deposits, Newfoundland, Canada” with an effective date of 26 June 2024, each of
which is available on SEDAR+ at www.sedarplus.ca.
The Company confirms that it is not aware of any new information or data that materially affects the
information included in the original announcement and that all material assumptions and technical
parameters underpinning the Mineral Resource Estimate in the original announcement continue to
apply and have not materially changed.
Mineral Resources Estimate – Pickle Crow Project
The Mineral Resource Estimate for the Pickle Crow Project referred to in this announcement was first
reported in the Company’s ASX announcement dated 4 May 2023, titled “High -Grade Inferred Gold
Resource Grows to 2.8Moz at 7.2g/t” and is also set out in the Technical Report for the Pickle Crow Project,
ASX: FFM | TSX: FFM
Page | 3
titled “NI 43-101 Technical Report Mineral Resource Estimate Pickle Crow Gold Project, Ontario, Canada”
with an effective date of 29 November 2024 , as amended on 11 June 2025, available on SEDAR+ at
www.sedarplus.ca.
The Company confirms that it is not aware of any new information or data that materially affects the
information included in the original announcement and that all material assumptions and technical
parameters underpinning the Mineral Resource Estimate in the original announcement continue to
apply and have not materially changed.
COMPETENT PERSON AND QUALIFIED PERSON STATEMENTS
All technical and scientific information in this announcement has been reviewed and approved by
Group Chief Geologist, Mr Juan Gutierrez BSc, Geology (Masters), Geostatistics (Postgraduate Diploma),
who is a Member and Chartered Professional of the Australasian Institute of Mining and Metallurgy and
a Member of the Australian Institute of Geoscientists. Mr Gutierrez is a Competent Person as defined in
the JORC Code 2012 and a Qualified Person as defined in NI 43-101. Mr Gutierrez is a full-time employee
of FireFly Metals Ltd and holds securities in FireFly Metals Ltd. M r Gutierrez has sufficient experience that
is relevant to the style of mineralisation and type of deposit under consideration and to the activity being
undertaken to qualify as a Competent Person as defined in the JORC Code 2012 and a Qualified Person
as defined in NI 43-101. Mr Gutierrez consents to the inclusion in this announcement of the matters based
on his information in the form and context in which it appears.
FORWARD-LOOKING INFORMATION
This announcement may contain certain forward -looking statements and projections, including
statements regarding FireFly’s plans, forecasts and projections with respect to its mineral properties and
programs. Forward-looking statements may be identified by the use of words such as “may”, “might”,
“could”, “would”, “will”, “expect”, “intend”, “believe”, “forecast”, “milestone”, “objective”, “predict”, “plan”,
“scheduled”, “estimate”, “anticipate”, “continue”, or other similar words and may include, without
limitation, statements regarding plans, strategies and objectives.
Although the forward -looking statements contained in this announcement reflect management’s
current beliefs based upon information currently available to management and based upon what
management believes to be reasonable assumptions, such forward -looking statements and
projections are estimates only and should not be relied upon. They are not guarantees of future
performance and involve known and unknown risks, uncertainties and other factors many of which are
beyond the control of the Company, which may include changes in commodity prices, foreign exchange
fluctuations, economic, social and political conditions, and changes to applicable regulation, and those
risks outlined in the Company’s public disclosures.
The forward -looking statements and projections are inherently uncertain and may therefore differ
materially from results ultimately achieved. For example, there can be no assurance that FireFly will be
able to confirm the presence of Mineral Resources or Ore Reserves, that FireFly’s plans f or development
of its mineral properties will proceed, that any mineralisation will prove to be economic, or that a mine
will be successfully developed on any of FireFly’s mineral properties. The performance of FireFly may be
influenced by a number of factors which are outside of the control of the Company, its directors, officers,
employees and contractors. The Company does not make any representations and provides no
warranties concerning the accuracy of any forward-looking statements or projections, and disclaims
any obligation to update or revise any forward -looking statements or projections based on new
information, future events or circumstances or otherwise, except to the extent required by applicable
laws.
ASX: FFM | TSX: FFM
Page | 4
APPENDIX A
Green Bay Copper-Gold Project Mineral Resources
Ming Deposit Mineral Resource Estimate
TONNES COPPER GOLD SILVER CuEq
(Mt) Grade
(%)
Metal
(‘000 t)
Grade
(g/t)
Metal
(‘000 oz)
Grade
(g/t)
Metal
(‘000 oz)
Grade
(%)
Measured 4.7 1.7 80 0.3 40 2.3 340 1.9
Indicated 16.8 1.6 270 0.3 150 2.4 1,300 1.8
TOTAL M&I 21.5 1.6 340 0.3 190 2.4 1,600 1.8
Inferred 28.4 1.7 480 0.4 340 3.3 3,000 2.0
Little Deer Mineral Resource Estimate
TONNES COPPER GOLD SILVER CuEq
(Mt) Grade
(%)
Metal
(‘000 t)
Grade
(g/t)
Metal
(‘000 oz)
Grade
(g/t)
Metal
(‘000 oz)
Grade
(%)
Measured - - - - - - - -
Indicated 2.9 2.1 62 0.1 9 3.4 320 2.3
TOTAL M&I 2.9 2.1 62 0.1 9 3.4 320 2.3
Inferred 6.2 1.8 110 0.1 10 2.2 430 1.8
GREEN BAY TOTAL MINERAL RESOURCE ESTIMATE
TONNES COPPER GOLD SILVER CuEq
(Mt) Grade
(%)
Metal
(‘000 t)
Grade
(g/t)
Metal
(‘000 oz)
Grade
(g/t)
Metal
(‘000 oz)
Grade
(%)
Measured 4.7 1.7 80 0.3 45 2.3 340 1.9
Indicated 19.7 1.7 330 0.2 154 2.6 1,600 1.9
TOTAL M&I 24.4 1.7 400 0.3 199 2.5 2,000 1.9
Inferred 34.6 1.7 600 0.3 348 3.1 3,400 2.0
1. Mineral Resource Estimates for the Green Bay Copper -Gold Project, incorporating the Ming Deposit and Little
Deer Complex, are prepared and reported in accordance with the JORC Code 2012 and NI 43-101.
2. Mineral Resources have been reported at a 1.0% copper cut-off grade.
3. Metal equivalents for the Mineral Resource Estimate s have 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. Copper equivalent was calculated based on the formula: CuEq(%) = Cu(%) +
(Au(g/t) x 0.82190) + (Ag(g/t) x 0.00822).
4. Totals may vary due to rounding.