Drilling results to drive resource update and economic assessment
HIGHLIGHTS Outstanding infill drilling results continue to establish the scale, grade and continuity of the +800m high-grade core zone at the Green Bay Copper-Gold Project ( Core Zone ); Post-quarter results of 70.8m @ 4.0% CuEq and 53.3m @ 4.1% CuEq from hole MUG25-096 and MUG25-209 respectively (see ASX announcement dated 8 April 2026) The Green Bay Mineral Resource Estimate ( MRE ) stands at 50.4Mt @ 2.0% CuEq in the Measured & Indicated ( M&I ) categories plus 29.3Mt @ 2.5% CuEq in Inferred . A MRE update is planned for the June 2026 quarter and will underpin the Preliminary Economic Assessment ( PEA ) (see ASX announcement dated 18 November 2025) High-grade Core Zone of 8.8Mt @ 3.9% CuEq M&I and 10.9Mt @ 3.8% CuEq Inferred has potential to be an extremely valuable feed source in early years of production (see ASX announcement dated 18 November 2025) PEA / Scoping Study on track for completion in mid-2026, covering multiple development scenarios for an upscaled restart of copper-gold production FireFly has satisfied all conditions of the provincial Environmental Assessment release and has commenced applying for construction permits; selective low-cost seasonal early works are expected to commence in the coming months (see ASX announcement dated 5 August 2025) FireFly agreed to sell its Ontario Gold Assets – comprising its 70% interest in the Pickle Crow Gold Project and 100% of the Sioux Lookout Project – to ASX-listed Bellavista Resources Ltd (ASX: BVR) ( Bellavista ) for total scrip consideration, with eligible FireFly shareholders to receive Bellavista shares via an in-specie distribution (see ASX announcement dated 2 February 2026) Shareholder approval required to be obtained in respect of the transaction was received on 22 April 2026, all conditions precedent required to be satisfied or waived prior to completion occurring were satisfied or waived on 24 April 2026 and the transaction completed on 29 April 2026 (see ASX announcements dated 24 April 2026 and