Picha Project, Peru Delivers Shallow High Grade Copper Results as Exploration at York Harbour Copper Project, Canada Set to Commence

Australian battery minerals explorer, Firetail Resources Limited (“Firetail” or the “Company”) (ASX: FTL) is pleased to provide an update on the York Harbour Copper-Zinc-Silver Project in Newfoundland Canada, and the Picha Copper Project in Peru.

Final results from maiden drilling progam at Picha Copper Project, Peru highlight shallow, high- grade copper results for potential follow up. Firetail’s focus will now shift to upcoming York Harbour geophysics and drilling campaign.

Shallow, high grade diamond drill results from program in Peru, significant assays include:

• 5.12m @ 5.40% Cu and 44.9g/t Ag from 2.88m (24PCMD0003)
• 13.00m @ 2.81% Cu and 27.1g/t Ag from 2.00m (23PCMD0001)¹

York Harbour Project exploration plan advancing as earn-in deal due to complete:

• Tenders for Drilling, LiDAR and Geophysics received
• Dahrouge Geological Consultants engaged to provide technical support for upcoming exploration campaign

Chief Executive Officer, Glenn Poole, commented:

"The latest high grade drill intercepts from Peru highlight the prospectivity of the area, this maiden drill progam only beginning to test true potential of the project.

The primary exploration focus will now shift to our York Harbour Copper project as we prepare to get the geophysics and drilling activites underway. The second half of this year is set to be an exciting period for the company as we look to grow the potential of what is an already very promising asset.”

York Harbour Copper-Zinc-Silver Project, Newfoundland, Canada

Firetail holds a Binding Option Agreement for the acquisition of up to 80% of the York Harbour Project² via a staged earn-in. The Project is a Cyprus-type volcanogenic massive sulphide (VMS) copper exploration project covering 189 contiguous claims (~47km²) of highly prospective geology, hosting the historic, high grade York Harbour Copper Mine.

The proposed York Harbour acquisition provides an advanced exploration project that complements Firetail’s existing portfolio of copper and battery metals projects. York Harbour was undeveloped and underexplored, however increasing battery and electrification metals commodity demand has brought this prospective project back into focus.

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