Upcoming Firefly PEA and PFS to signal strong economics & drive shares skyward

Big footprints of insider buying, a A$ 150 million treasury to fund growth ready to capitalize on Ming Mine's upsized deposit of 50 million tons copper gold

Resourceful Insights as previously profiled Firefly Metals ( MNXMF, FFM in Canada) in article June 16th titled: Firefly Metals - Fast Track to Copper-Gold Production when Firefly’s share price was C$ 1.00 See archive for paid subscribers for past articles.

Firefly Metals could also plausibly be labeled as ‘Fast Track Metals’ as it continues its aggressive approach to reviving the past-producing Ming Mine and developing the likely nearly cluster of numerous copper-gold VMS deposits.

Firefly will be out with its inaugural PEA and then PFS by year-end 2025, and showcase the Ming Mine’s strong profitability, NPV and IRR. These studies will be the debut of Firefly’s economic appraisal of its successful expansion to extend its Ming Mine deposit

Insight==> Resourceful Insights’ research leads to the expectation of upside surprises from Firefly Metals. Expectation of upside for Firefly Metal’s shares is corroborated by several sources of 2025 ‘insider buying’ as detailed at bottom in the Financial Resources section.

UPCOMING CATALYSTS — PEA & PFS coming within 180 days

Firefly has truly made impressive progress toward bringing its Ming Mine ‘back to life’ - and this progress will soon be quantified by impending economic reports, i.e. PEA (preliminary economic assessment) and PFS (preliminary feasibility study) and, importantly, a Resource Update.

This series of reports during Q4-2025 or Q1-2026 reports will profile the Firefly’s mining economics and produce measures of valuation indicated by NPV and IRR ( Net Present Value % and Internal Rate of Return % on required investment).

Resourceful Insight’s analysis is that these reports will highlight ( within 180 days ) the Ming Mine’s low costs (ASIC), strong profitability, attractive NPV valuation, and elevated return on capital invested (IRR%), for the reasons that are developed below. Firefly Metals has: