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FireFly Metals ( (AU:FFM) ) has shared an announcement.
FireFly Metals has reported a major upgrade to the Mineral Resource at its Green Bay Copper-Gold Project, lifting total resources to 50.4Mt at 2.0% copper equivalent in the Measured and Indicated categories and 29.3Mt at 2.5% copper equivalent in the Inferred category, representing a 51% increase in contained metal since late 2024. The company has defined a substantial high‑grade core at the Ming deposit, significantly expanded higher‑confidence resources that will underpin economic studies, and completed approximately A$149 million in equity and share purchase plan funding, leaving it with about A$250.9 million in cash and liquid investments to drive an aggressive multi‑rig drilling program, advance a Preliminary Economic Assessment due in the June 2026 quarter, and progress a Feasibility Study by year-end, while early discussions with potential offtake partners and export credit agencies indicate strong interest in its future copper concentrate.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.50 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 an Australian-listed base and precious metals explorer and developer focused on the Green Bay Copper-Gold Project in Newfoundland, Canada. The company is advancing a large-scale copper-gold resource at the Ming and Little Deer deposits, targeting high-grade production to benefit from a strong copper market, and is dual-listed on the ASX and TSX under the code FFM.
Average Trading Volume: 3,936,687
Technical Sentiment Signal: Buy
Current Market Cap: A$1.62B
Learn more about FFM stock on TipRanks’ Stock Analysis page.