FireFly Metals ( (AU:FFM) ) just unveiled an update.
FireFly Metals has announced a significant increase in its resource base, with a 42% growth in its Mineral Resource Estimate at the Green Bay Project. The company is utilizing six drill rigs to accelerate resource growth, aiming to achieve a world-class scale. This expansion is supported by exceptional infrastructure and is expected to enhance FireFly Metals’ positioning in the mining industry, benefiting stakeholders by potentially increasing the company’s market value and operational capabilities.
More about FireFly Metals
FireFly Metals is a company operating in the mining industry, focusing on the extraction of high-grade copper and gold. The company is led by experienced executives from Bellevue Gold and Northern Star, and it is rapidly expanding its resource base. FireFly Metals is building a world-class operation with significant infrastructure, including an operational underground shaft, processing plant, deep water port, and hydro power, situated in Canada, a tier-one mining jurisdiction.
YTD Price Performance: 13.01%
Average Trading Volume: 75,738
Technical Sentiment Signal: Sell
Current Market Cap: $369M
See more insights into FFM stock on TipRanks’ Stock Analysis page.