FireFly Metals Conference Summary Company Overview - **Company**: FireFly Metals (OTCPK:MNXM.F) - **Industry**: Metals, specifically copper and gold mining - **Conference Date**: February 17, 2026 Key Points Project Scale and Growth - FireFly has grown its project to **80 million tons** with a **2.2% copper equivalent** grade, which includes a gold credit [2][3] - A high-grade core zone of nearly **20 million tons** is reported at approximately **4% copper equivalent** [3] - The company is actively infilling and expanding its resource base, with expectations to grow beyond the current **80 million tons** [4] Regional Exploration and Value Drivers - FireFly is exploring regional tenements to potentially add another **20 to 80 million tons** to its resource base [4] - The company is focused on de-risking through mining studies and converting inferred resources into measured and indicated (M&I) categories [11][18] - The project has a **1.8 million tons per annum** operation permit, suggesting a potential **45-year mine life** based on current resources [16] Financial Position - FireFly holds **AUD 250 million** in cash, with no debt, no streaming agreements, and minimal royalties, positioning it strongly for growth [7][23] - The company is institutionally owned and has recently been included in the **ASX 300** [6] Recent Developments - FireFly sold its **Pickle Crow** project, containing almost **3 million ounces of gold** at nearly **7 grams per ton**, to Bellavista Resources while retaining a **10% shareholding** [5] - Shareholders will receive free shares in Bellavista, enhancing shareholder value [5] Infrastructure and Operational Advantages - The project benefits from existing infrastructure, including hydroelectric power at **CAD 0.06/kWh**, a nearby port facility, and access to skilled labor [17] - The company is leveraging its historical mining operations to upscale and optimize its current project [16] Future Outlook - FireFly aims to demonstrate the potential for a larger mine through ongoing studies and exploration, with updates expected throughout the year [22][23] - The company is focused on expanding its resource base and exploring regional targets, with multiple drill rigs currently operational [19][23] Market Position - FireFly's Green Bay project is positioned as a significant copper ore body, with **1.4 million tons of actual copper** in the M&I category [20] - Comparisons are made to other mining projects, highlighting the potential for FireFly to be a leading copper producer [21][22] Additional Insights - The mining jurisdiction of Newfoundland and Labrador contributes **32%** of its GDP from mining, indicating a supportive regulatory environment [18] - The company emphasizes the importance of resource growth and operational efficiency as key components of its strategy moving forward [10][19]