Results show continuity of high-grade copper core zone
| Stock | Firefly Metals Ltd (FFM.ASX) |
|---|---|
| Release Time | 2 Jul 2026, 9:02 a.m. |
| Price Sensitive | Yes |
Firefly Metals Ltd Announces High-Grade Copper-Gold Results
- Drilling returns exceptional results extending high-grade core zone
- Results will be incorporated into an updated resource model
- Economic studies will be completed in July-August 2026
- Strong continuity of mineralisation across various zones
- Six rigs continue drilling, regional exploration ongoing
Firefly Metals Ltd has announced significant drilling results from its Green Bay Copper-Gold Project in Newfoundland and Labrador, Canada. The results demonstrate the strong continuity of high-grade copper-gold mineralization, with notable intersections such as 42m @ 6.1% CuEq and 9.8m @ 16.5% CuEq. These results will be incorporated into an updated resource model and economic studies, which are expected to be completed in July-August 2026. The company is currently operating six rigs underground, focusing on infill drilling and extending the known mineral resource. Regional exploration is also underway, with maiden drilling commencing at the Tilt Cove project. Firefly Metals Ltd is well-funded, with approximately A$219.9 million in cash and liquid investments as of 31 March 2026.
Economic studies to be completed in July-August 2026
The company is optimistic about the potential development scenarios for the future operation at Green Bay, based on the strong continuity and grade of the high-grade core zone.