Key points
- Substantial increase in Mineral Resource at Green Bay Copper-Gold Project
- Exceptional drilling results with wide, high-grade copper-gold intersections
- Commenced trading on TSX in addition to ASX listing
Full summary
Firefly Metals Ltd (ASX: FFM, TSX: FFM) reported strong results for the three and six month periods ended 31 December 2024, highlighted by a substantial increase in the Mineral Resource at its flagship Green Bay Copper-Gold Project in Newfoundland, Canada. The Measured and Indicated Resource grew to 24.4Mt at 1.9% for 460kt CuEq, and the Inferred Resource increased to 34.5Mt at 2% for 690kt CuEq. This growth was driven primarily by successful exploration and drilling, with the company completing over 50,000m of underground drilling to test down-plunge extensions of the high-grade volcanogenic massive sulphide (VMS) mineralisation and the broad footwall copper stringer zone (FWZ). The drilling results revealed exceptional intersections, including 86.3m @ 3.7% CuEq and 76.3m @ 2.9% CuEq, demonstrating the significant potential for ongoing Mineral Resource growth. Firefly also completed the acquisition of the highly prospective Tilt Cove copper-gold regional exploration project in Newfoundland and commenced trading on the Toronto Stock Exchange in December 2024, in addition to its primary listing on the ASX.