FireFly Metals Ltd: A Surge in Copper-Gold Discoveries at Green Bay Project

In a remarkable development for FireFly Metals Ltd, a materials exploration company based in West Perth, Australia, the Green Bay Copper-Gold Project in Canada has become the center of attention. The company, known for its focus on copper and gold exploration, has recently reported significant findings that could potentially reshape its future trajectory.

On May 7, 2025, FireFly Metals Ltd announced that its latest drilling efforts at the Green Bay Project have yielded promising results. The company’s exploration team has intersected high-grade copper and gold mineralization extending more than 200 meters beyond the current Mineral Resource. This discovery is not just a testament to the project’s potential but also highlights the company’s aggressive and successful exploration strategy.

Steve Parsons, the Managing Director of FireFly Metals Ltd, expressed his enthusiasm about the project’s prospects. “We are about to add a seventh rig because we have so many opportunities to pursue. There are very few projects which could justify such an aggressive drilling campaign, but we have more than enough avenues of growth to warrant this,” Parsons stated. This aggressive expansion plan underscores the company’s confidence in the Green Bay Project’s potential and its commitment to capitalizing on the opportunities it presents.

The drilling results have been particularly impressive, showcasing the continuity and thickness of the high-grade upper copper and gold massive sulphide zone (VMS). Notable intersections include:

• 12.4 meters at 6.8% CuEq (3.6% Cu & 3.5g/t Au) in hole MUG25-040
• 25.8 meters at 5.1% CuEq (4.6% Cu & 0.5g/t Au) in hole MUG24-124

Additionally, the extensional drilling intersected multiple zones of the thick high-grade copper footwall zone (FWZ), further emphasizing the project’s richness in mineral resources.

A Down Hole Electromagnetic geophysical (DHEM) survey, completed from the deepest step-out hole (MUG25-), has also highlighted the potential for significant mineralization well beyond the current drilling efforts. This advanced survey technique has provided FireFly Metals Ltd with a clearer picture of the subsurface, enabling more targeted exploration strategies.

Despite these promising developments, it’s important to note that FireFly Metals Ltd’s financial metrics, such as a Price Earnings Ratio of -28.21, reflect the speculative nature of the exploration industry. However, the recent discoveries at the Green Bay Project could significantly impact the company’s valuation and market perception.

As FireFly Metals Ltd continues to push the boundaries of exploration at the Green Bay Project, the company’s strategic decisions and the project’s outcomes will be closely watched by investors and industry observers alike. With a market capitalization of 445.2 million AUD and a history of exploration in Newfoundland and Labrador, as well as the Pickle Crow Gold project in Ontario, FireFly Metals Ltd is poised to make significant strides in the metals and mining sector.

For more information, FireFly Metals Ltd can be reached at their principal office in West Perth, WA, or through their website at www.fireflymetals.com.au . As the company gears up to add a seventh rig to its operations, the future looks bright for FireFly Metals Ltd and its stakeholders.