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The latest announcement is out from FireFly Metals ( (AU:FFM) ).
FireFly Metals reported strong March-quarter progress at its Green Bay Copper-Gold Project, with extensive underground drilling confirming the scale, grade and continuity of an +800m high-grade core zone. The project’s Mineral Resource Estimate currently totals 50.4Mt in Measured and Indicated and 29.3Mt Inferred, including a high-grade core that is expected to provide valuable early feed for a future restart of production.
A resource update is planned for the June quarter to underpin a preliminary economic assessment due mid-2026, while permitting has advanced with construction applications underway and early works planned. The company completed the sale of its Ontario gold assets to Bellavista Resources, paving the way for an in-specie share distribution to FireFly investors, and it enters the June quarter well funded with about A$219.9 million in cash and liquid investments to drive drilling, studies and pre-construction activities.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.75 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 is an Australia- and Canada-listed base metals company focused on developing the Green Bay Copper-Gold Project in Newfoundland and Labrador. The company is advancing underground drilling, resource definition and permitting to support an upscaled restart of copper-gold production, while divesting non-core Ontario gold assets and benefiting from growing index inclusion and institutional interest.
Average Trading Volume: 5,416,002
Technical Sentiment Signal: Buy
Current Market Cap: A$1.68B
See more data about FFM stock on TipRanks’ Stock Analysis page.