Firetail Resources Quarterly Activities Report For the period ending 31 March 2024

Australian battery minerals explorer, Firetail Resources Limited (“Firetail” or the “Company”) (ASX: FTL) is pleased to provide a summary of its activities for the three month period ending 31 March 2024.

HIGHLIGHTS

• Strong cash position at approx. $4.8M AUD.
• Picha Copper Project, Peru (“Picha”): 3,756m completed of ~5,000m diamond drill (“DD”) program, with results received from 6 drillholes, and assay results pending for a further 4 drillholes.
  • Cobremani Target: Assay results received for 23PCMD0001 included 1.3m @ 18.6 g/t Ag from 64.10m adding to the previous best result of 13m @ 2.81% Cu and 27.1g/t Ag from 2m (using a cut-off of 0.1% Cu).

• Cumbre Coya Target: Drilling intersected significant polymetallic mineralisation, results included 15.5m @ 0.72% Cu, 130g/t Ag 1.92% Pb and 0.16% Zn from 3.25m. Firetail confirmed the mineralised structure extends over 170m in strike lengthe and is open in all directions.
• Fundicion Target: Drilling intersected distal indicators of a potential porphyry system from around 250m, including sheeted quartz veins, intervals of phyllic alteration and significant pyrite mineralisation.

• Charaque Project in Peru (“Charaque”): Minera Barrick Perú S.A., a subsidiary of Barrick Gold Corporation (collectively, ‘Barrick’), has continued its exploration program at Charaque with further geological mapping and rock chip sampling, centred on the Teresa target.
• Asset base well positioned to leverage strong Copper and Silver commodity prices

Commenting on the March Quarter, Firetail's Executive Chairman, Brett Grosvenor, said:

“It has been a positive quarter for Firetail, and it has been great to see the progress that our team has made in Peru in broadening our understanding of the copper / base metals system at Picha. With each new target drilled we gain more insight into the mineralisation, and it has been particularly encouraging to have the drilling result to validate our exploration model. In summary, our maiden drill campaign at Picha has been highly sucessful with several minrealisaed intersections reported.

“We are also pleased to see work moving forward at the Charaque Project through the Barrick team under the earn-in agreement on this project. We look forward to providing more news as the program of mapping and surveying is advanced.

“In closing, I’d like to thank the Firetail team for their excellent work and all of our shareholders for their ongoing support.”

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