Latest update from...

Latest update from Sprott

https://sprott.com/media/3926/210520-scp-ffx-mill-commissioning.pdf

The commencement of commissioning is an important milestone for Firefinch. The mill was in good condition during our site visit earlier this month, with mill re-lining completed, equipment vendor inspection and testing completed,and the structural steel replaced and upgraded where needed. The comminution circuit processed satellite ore in 2017 and 2018 while the CIL circuit has operated since 2000, and the team on site has significant experience at the operation. These factors give us confidence in the ability to ramp up the mill quickly while achieve required throughput and design recovery (~91%). We reiterate our BUY rating and price target of A$0.70/sh based on 0.9x NAV5%-1850. With a market cap of US$295m or 0.55x SCPe NAV5%-1850, we believe there is significant upside to base case 160koz/pa production with further upside potential from 4-6g/t underground potential to the NE of the Superpit, plus regional exploration on >700km2 of belt scale tenement holdings,to reward investors for coming down cap.