Firefly Metals' Resource update to feed August economic study

FireFly Metals Ltd managing director Steve Parsons talked with Proactive about the company’s progress at the Green Bay Copper-Gold Project during the June 2026 quarter, including high-grade drilling results, resource development and preparations for an upcoming economic study. Parsons said drilling at the project continued to deliver some of the strongest copper and gold intersections recorded on the property. He explained that FireFly Metals is undertaking infill drilling to convert more of the approximately 80-million-tonne mineral resource into the measured and indicated categories. Discussing the project’s high-grade Core Zone, Parsons said it contained nearly 20 million tonnes at close to 4% copper equivalent. He described Green Bay as primarily a copper orebody with an additional gold credit, noting that copper represented most of the contained metal value. The updated resource is expected to support a preliminary economic assessment and scoping study for an upscaled restart of production at Green Bay. FireFly Metals is targeting completion of the study in August 2026, with the high-grade Core Zone expected to play an important role during the early years of the proposed mine plan. Parsons also highlighted the company’s strong funding position, with approximately A$196.4 million in cash and liquid investments at the end of the quarter. Six underground drill rigs were operating at Green Bay, while drilling and targeting activities were also progressing around nearby deposits and regional exploration areas, including Rambler, East Mine and Tilt Cove. Visit Proactive’s YouTube channel for more company interviews and market updates. Please give the video a like, subscribe to the channel and enable notifications for future content.