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FireFly Metals ( (AU:FFM) ) has provided an announcement.
FireFly Metals Ltd has reported significant progress in its December quarterly update, particularly with the Green Bay Copper-Gold Project in Canada. The company has increased its Measured and Indicated Resource to 24.4Mt and the Inferred Resource to 34.5Mt, reflecting successful underground drilling efforts. FireFly’s strategy involves a comprehensive 130,000m drill campaign to enhance resource growth and conversion. Additionally, the company’s listing on the TSX marks a further step in its international market presence, and the successful acquisition of the Tilt Cove project and a strong financial position with A$84.1 million in cash and investments bolster its accelerated growth strategy.
More about FireFly Metals
FireFly Metals Ltd is a company operating in the mining industry, primarily focused on the exploration and development of copper and gold resources. Its market focus includes the Green Bay Copper-Gold Project in Canada and other regional exploration projects, with its shares traded on the ASX and TSX.
YTD Price Performance: 1.75%
Average Trading Volume: 22,503
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $306M
For detailed information about FFM stock, go to TipRanks’ Stock Analysis page.
