Proactive Investors interview: FireFly Metals lifts Green Bay copper resource 51%

Yesterday we announced a substantial Mineral Resource increase comprising strong growth in tonnes, grade and contained metal at our Green Bay Copper-Gold Project in Newfoundland, Canada.

The Resource now stands at 50.4Mt @ 2.0% for 1Mt CuEq in the higher confidence M&I classifications plus an additional 29.3Mt @ 2.5% for 722kt CuEq in the Inferred category. This represents a 35% increase in tonnes and a 51% increase in CuEq metal from the Resource Estimate announced on 29 October 2024.

Hear our Managing Director Steve Parsons discuss with Proactive.

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FireFly Metals Ltd (ASX, TSX: FFM) is an emerging copper-gold company focused on advancing the high-grade Green Bay Copper-Gold Project in Newfoundland, Canada. The Green Bay Copper-Gold Project currently hosts a Mineral Resource prepared and disclosed in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012) and Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101) of 50.4Mt of Measured and Indicated Mineral Resources at 2.0% for 1,016Kt CuEq and 29.3Mt of Inferred Mineral Resources at 2.5% for 722Kt CuEq. The Company has a clear strategy to rapidly grow the copper-gold Mineral Resource to demonstrate a globally significant copper-gold asset. FireFly has completed a 130,000m diamond drilling program.

FireFly holds a 70% interest in the high-grade Pickle Crow Gold Project in Ontario. The current Inferred Mineral Resource stands at 11.9Mt at 7.2g/t for 2.8Moz gold, with exceptional discovery potential on the 500km2 tenement holding.

The Company also holds a 90% interest in the Limestone Well Vanadium-Titanium Project in Western Australia.

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