FireFly Metals Ltd has reported promising new drill results from its Green Bay Copper‐Gold Project in Canada, underscoring significant upside potential. Recent step‐out drilling – extending more than 200 meters beyond the current Mineral Resource – has intersected high-grade copper and gold mineralisation. One drill hole returned 12.4 meters grading 6.8% copper equivalent (comprising approximately 3.6% copper and 3.5 g/t gold) while another yielded an interval of 25.8 meters averaging 5.1% copper equivalent. Additional intersections within the same drill hole confirmed multiple zones, including 19.5 meters at 3.0% copper equivalent and 14.5 meters at nearly 1.9% copper equivalent. A key highlight from the announcement is the downhole electromagnetic survey, which detected a conductive anomaly extending over 700 meters beyond the limits of current drilling. Geophysical modelling suggests that this anomaly is linked to copper and gold mineralisation, similar to previous successful results at the longstanding Ming Mine. Complementing these strong technical results, the company reiterated that the existing Mineral Resource stands at 24.4 million tonnes at 1.9% copper equivalent for measured and indicated categories, with an additional 34.5 million tonnes at approximately 2.0% copper equivalent inferred. The project’s drilling campaign, which has now completed nearly 79,200 meters of its planned 130,000-meter diamond drill program, continues aggressively. FireFly Metals is expanding its efforts by adding a seventh drill rig – increasing the current fleet to six (five underground and one on surface) – with one more expected on site in late May. This intensified drilling programme targets not only resource extensions and infill to upgrade inferred resources to higher confidence categories but also new discoveries near historic deposits such as the Rambler Main, where initial assays will be reported in the coming weeks. The company’s robust financial position – with approximately A$68.5 million in cash, receivables, and liquid investments as of March 2025 – supports its growth strategy. FireFly Metals’ extensive drilling and downhole electromagnetic survey results suggest a substantial potential to add value through resource growth at a project situated in a tier one location for copper-gold projects. Investor sentiment may lean bullish as the company capitalises on a rare opportunity: aggressive drilling delivering multiple high-grade intersections beyond the known resource and a geophysical anomaly that hints at a much larger mineralised system. However, caution is also warranted since the project remains in the exploration and resource expansion phase, and future results will need to validate these early promising indications before production-related risks are fully mitigated.