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FireFly Metals Ltd (ASX:FFM)

ALERT: Price-sensitive ASX Announcement for FFM
Current share price for FFM : $1.650 -0.25 (-13.16%)+
Announcement
Release
25 Aug 2026 9:48AM
Price at Release
$1.900
Full Release
download
Summary
The Green Bay Preliminary Economic Assessment (PEA) by FireFly Metals Ltd confirms the project's scale, long life, and strong returns. It projects an annual production of 70,000 tonnes with a cost of US$1.02 per pound of copper. The PEA indicates a post-tax NPV of A$2,194 million and a post-tax IRR of 39.7%, with an estimated payback period of 3.7 years. The project life is estimated to be 15 years, based on a long-term copper price assumption of US$5.00 per pound. The PEA also includes sensitivity analyses for various copper price scenarios, emphasizing its financial robustness.
Key Points
  • Green Bay PEA confirms scale, long life and strong returns.
  • FireFly's Green Bay project is projected to produce 70,000 tonnes annually.
  • Cost per pound of copper is estimated at US$1.02.
  • The project has a post-tax NPV (Net Present Value) of A$2,194 million at base case.
  • The post-tax IRR (Internal Rate of Return) is 39.7%.
  • Payback period is estimated at 3.7 years.
  • Sensitivity analysis based on copper price variations was conducted.
  • The PEA assumes a long-term copper price of US$5.00 per pound.
  • The project life is estimated at 15 years.
  • The Green Bay project includes the Ming Deposit and Little Deer.
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.