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FireFly Metals Ltd (ASX:FFM)

ALERT: Price-sensitive ASX Announcement for FFM
Current share price for FFM : $1.890 0.505 (36.46%)+
Announcement
Release
16 Oct 2025 8:52AM
Price at Release
$1.385
Full Release
download
Summary
FireFly Metals Ltd announced successful drilling results from their Green Bay Copper-Gold Project, which have extended known mineralization by more than 650 meters beyond the October 2024 Mineral Resource Estimate. The most significant intersection recorded was 49.0 meters at 6.1% copper equivalent, including a high-grade zone of 14.3 meters at 13.7% copper equivalent. These results are part of a comprehensive exploration campaign involving multiple drill rigs aimed at expanding and upgrading the mineral resource. The findings confirm the presence of Volcanogenic Massive Sulphide (VMS) lenses and a copper-rich Footwall Zone, both of which remain open for further exploration. The company is well-funded and plans to accelerate exploration activities, including regional geophysical surveys, to potentially increase the mineral resource base.
Key Points
  • High-grade intersections extend known mineralization by 650m
  • 49.0 meters at 6.1% copper equivalent from recent drilling
  • 14.3 meters at 13.7% copper equivalent in a high-grade zone
  • Volcanogenic Massive Sulphide (VMS) and Footwall Zone mineralization
  • Exploration aims to upgrade and expand the mineral resource
  • Eight diamond rigs operating for exploration and resource conversion
  • FireFly Metals Ltd is well-funded with approximately A$145M cash
  • Ongoing regional exploration and geophysical surveys planned
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.