Mineralised Structure at Cumbre Coya Extended to Over 170m Strike Length

Australian battery minerals explorer, Firetail Resources Limited (“Firetail” or the “Company”) (ASX: FTL) is pleased to provide an update on the maiden diamond drilling (DD) program at the Picha Copper Project in Peru.

Assay results have been received from drill hole 23PCCD0002 at the Cumbre Coya target, which has intersected the same mineralised structure as the first drill hole (23PCCD0001) thereby confirming the mineralised structure extends over 170m in strike length and is open in all directions.

Highlights include:

• Mineralised structure at Cumbre Coya now extended to at least 170m strike length and is open in all directions.
• Same structure has been mapped at surface, extending for at least 500m strike length.
• This NW-SE trending structural corridor is interpreted to be the same as that intersected in the previous drill hole at Cumbre Coya¹ (23PCCD0001) which returned 15.5m @ 0.72% Cu and 130g/t Ag from 3.25m

Figure 1a: Plan view of drillholes at Cumbre Coya Target overlain on Geological Map

Executive Chairman, Brett Grosvenor, commented:

"The latest results from our Cumbre Coya target at Picha are starting to demonstrate the potential of scale and what a special project this could be. The confirmation of the continuation of the mineralisation over 170m with the structure open in all directions gives us huge encouragment for what we may have here.

“We continue to be excited about the potential at Picha, and these latest results are a validation of all the hard work by the team in advancing this project.

“Work continues on site as we move into the latter part of the drill program, and we eagerly await the next results to to further develop our understanding of this system.”

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