FireFly Metals Reports 51% Increase in Green Bay Copper-Gold Resource and Prepares for Economic Studies
FireFly Metals Ltd has reported a 51% increase in the Mineral Resource Estimate for its Green Bay Copper-Gold Project in Newfoundland, now totaling 50.4Mt at 2.0% Copper Equivalent in the Measured and Indicated categories. The company plans to complete a Preliminary Economic Assessment by Q2 2026 and a Feasibility Study by the end of the year, supported by approximately A$250.9 million in cash raised through equity.
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FireFly Metals Ltd announced a significant increase in the Mineral Resource Estimate (MRE) for its Green Bay Copper-Gold Project in Newfoundland, Canada, totaling 50.4Mt at 2.0% Copper Equivalent (CuEq) in the Measured and Indicated categories, alongside 29.3Mt at 2.5% CuEq in the Inferred category. The high-grade core has been delineated at 8.8Mt at 3.9% CuEq in M&I and 10.9Mt at 3.8% CuEq in Inferred, enhancing development prospects.
A Preliminary Economic Assessment is scheduled for completion in Q2 2026, with a Feasibility Study to follow by the end of 2026. The company secured approximately A$139 million through equity raising, providing around A$250.9 million in cash for further exploration and studies. FireFly continues to engage potential funding partners and is advancing permitting for early works at the Ming Mine.
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