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FireFly Metals ( (AU:FFM) ) just unveiled an announcement.
FireFly Metals Ltd has announced a substantial increase in its Mineral Resource at the Green Bay Copper-Gold Project, with a 51% rise in copper equivalent metal and a 35% increase in total tonnes. The project now includes a high-grade core zone that significantly enhances its development potential, particularly in the early years of production. The company is actively converting Inferred Mineral Resources to Measured and Indicated categories to support economic studies and is in discussions with potential offtake customers and funding entities, reflecting strong market interest in its product.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
More about FireFly Metals
FireFly Metals Ltd is a company operating in the mining industry, focusing on the extraction and development of copper and gold resources. The company is primarily engaged in the Green Bay Copper-Gold Project located in Newfoundland, Canada, which is known for its significant copper and gold deposits.
YTD Price Performance: 92.43%
Average Trading Volume: 3,780,052
Technical Sentiment Signal: Buy
Current Market Cap: A$1.22B
Learn more about FFM stock on TipRanks’ Stock Analysis page.