FireFly Metals

FireFly Metals (ASX:FFM) Managing Director Steve Parsons: “This is a golden opportunity to secure a large parcel of compelling exploration tenure right next to our Green Bay Project.” https://lnkd.in/geaa9-mt #miningnews #acquisition #copper #gold #canada

FireFly Metals Ltd (ASX:FFM) is going all-in on the Green Bay Copper-Gold Project area in Canada, signing a binding agreement to purchase an adjacent project called Tilt Cove, which will increase the company’s landholding by 115 square kilometres ahead of a major regional exploration program. With a resource of 59 million tonnes at 2% #copper equivalent already established at Green Bay, FireFly intends to move quickly to define Tilt Cove’s prospectivity – the project holds a historical mine and potential for volcanogenic massive sulphide (VMS) deposits similar to Green Bay’s Ming mine. “This is a golden opportunity to secure a large parcel of compelling exploration tenure right next to our Green Bay project,” FireFly Metals managing director Steve Parsons said. More at #Proactive #ProactiveInvestors #FFM #ASX #GoldMining #CopperMining #GoldStocks http://ow.ly/uYyP105NTSp

FireFly has reached commercial terms with Signal Gold to acquire the Tilt Cove exploration property in Newfoundland, Canada. The transaction strengthens our regional land holding by adding a further 115km2 of exploration tenure that is continuous to the emerging world-class Green Bay copper-gold project. The 54% increase in land holding sees the Green Bay project grow to a total area of ~326km2. Our Managing Director Steve Parsons said: “This is a golden opportunity to secure a large parcel of compelling exploration tenure right next to our Green Bay project. “Tilt Cove’s mining is a compelling geological setting, which offers another potential avenue for substantial resource growth. “We will move quickly to apply our exploration skills and local knowledge at Tilt Cove as part of our overall strategy to keep growing the resource at Green Bay." Read more: https://loom.ly/1ezMkQg

FireFly Metals is pleased to release its Quarterly Activities Report for the quarter ended 30 September 2024. Our Managing Director Steve Parsons said: “Having established Green Bay as a high-grade, world-scale, copper project, we are now perfectly positioned for the next phase of resource growth and discovery. “With cash in the bank of A$88m at the end of October 2024, we are pushing full steam ahead with four rigs drilling underground and phase two of the exploration drive. “The strategy is aimed at extending the known mineralisation down-plunge, infill drilling the resource to upgrade more of it to the measured and indicated category and testing new targets up to 600m away. “We believe there is huge scope to keep growing the resource. This is supported by the open nature of the mineralisation and the compelling targets identified by the recent highly successful geophysics program. “We are set for strong newsflow from the ongoing drilling as we proceed towards our next resource update in the first half of next year." Read the report here: https://loom.ly/eR5gmzg

Yesterday we announced a 42% increase in the Mineral Resource Estimate at our Green Bay Copper-Gold Project in Newfoundland, Canada. The total Resource is now 59Mt at 2% copper-equivalent for 1.2Mt of contained metal. This outstanding result confirms Green Bay’s status as one of the fastest-growing high-grade copper projects with genuine scale in the western world. Hear our Managing Director Steve Parsons discuss with Proactive’s Tylah Tully: https://loom.ly/FeO7h7o

A comprehensive 2023-2024 underground drilling program at the Green Bay Copper-Gold Project has borne fruit for FireFly Metals Ltd (ASX:FFM), which is celebrating a 42% increase in its mineral resource estimate (MRE). The latest MRE for the project in Newfoundland, Canada, stands at 59 million tonnes million tonnes at 2% copper equivalent (CuEq), amounting to 1.2 million tonnes of contained metal. FireFly managing director Steve Parsons said: “This outstanding result confirms Green Bay’s status as one of the fastest-growing high-grade copper projects with genuine scale in the Western world.” The Green Bay project includes 1 million tonnes of copper-dominant mineralisation, with 550,000 ounces of gold and 5.4 million ounces of silver co-products. These quantities reflect a respective 39%, 48% and 57% increase for each commodity. More at #Proactive #ProactiveInvestors #ASX #FFM #Copper #Gold #Silver #Mining #BaseMetals #PreciousMetals http://ow.ly/8iPj105NfnJ

FireFly Metals announces 42% resource upgrade for Green Bay copper-gold project.

[WATCH] Steve Parsons talk about FireFly Metals' big resource increase at Green Bay copper project and why the inventory is set to keep expanding. Read the announcement here: https://ow.ly/f9ik50TV00V #FFM #copper #MRE #growth #Canada #development #ASX #investors

We're pleased to announce a 42% increase in the Mineral Resource Estimate at our Green Bay Copper-Gold Project in Newfoundland, Canada. The total Resource is now 59Mt at 2% copper-equivalent for 1.2Mt of contained metal. Copper is the dominant contained metal in the Resource (1Mt) with significant quantities of gold (550koz) and silver (5.4Moz) as co-products. “This outstanding result confirms Green Bay’s status as one of the fastest-growing high-grade copper projects with genuine scale in the western world,” our Managing Director Steve Parsons said. Read the full ASX release here: https://loom.ly/jARnyxE

We're pleased to announce the successful completion of our Share Purchase Plan. FireFly Managing Director Steve Parsons said: “We are delighted to have had such a strong response to the SPP from our shareholders. We have an exceptional copper asset at Green Bay and we firmly believe that there is further substantial value to be created for shareholders by growing the resource. The outstanding exploration results we are generating support our view that there is immense upside. The proceeds of the placement and SPP will help ensure we unlock the full value of the asset in a timely manner." Read more: https://loom.ly/-txzI8s