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FireFly Metals Ltd (ASX:FFM)

ALERT: Price-sensitive ASX Announcement for FFM
Current share price for FFM : $1.665 -0.465 (-21.83%)+
Announcement
Release
30 Apr 2026 8:58AM
Price at Release
$2.130
Full Release
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Summary
FireFly Metals Ltd, an emerging copper-gold company listed on ASX and TSX, provided an update on its Green Bay Copper-Gold Project in Newfoundland, Canada. The company advanced its exploration and development activities, including the completion of 49 new drill holes showing high-grade copper-gold mineralization. Financially, the company reported a net decrease in cash and cash equivalents, with significant expenditures on exploration, development, and related activities. FireFly also highlighted its strategic initiatives such as the sale of the Pickle Crow Gold Project to Bellavista Resources Ltd, as well as updates on ongoing economic and technical studies aiming for a mid-2026 completion to restart operations. The company entered the June quarter well-funded and positioned with six rigs operating, a Mineral Resource Estimate update, and a Preliminary Economic Assessment expected soon.
Key Points
  • 49 new drill holes confirmed high-grade copper-gold mineralization.
  • Net cash from operating activities was negative, reflecting high exploration and development costs.
  • Completion of the sale of the Pickle Crow Gold Project.
  • Economic and technical studies for Green Bay Project are progressing, targeting mid-2026 completion.
  • Entered the June quarter well-funded, with six rigs operating.
  • Expectations for a Mineral Resource Estimate update and Preliminary Economic Assessment.
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.