FireFly bolsters funding for project development and ongoing resource growth with A$190m raising
Original announcement by globenewswire on
- Company
- FireFly Metals Ltd
- Ticker
- FFM
- Exchange
- Unavailable
- Region
- Newfoundland, Canada
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver
- Document categories
- Resource update, Capital raise
- Extracted
- 2026-09-12 02:04:41 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
FireFly Metals has announced a A$190 million equity raising to fund the development and ongoing resource growth of its Green Bay Copper-Gold Project in Canada. The capital will be used for early project works, long-lead item procurement, advancing feasibility studies, and further resource expansion. The company also provided an updated Mineral Resource Estimate for the Green Bay project, detailing Measured, Indicated, and Inferred resources for copper, gold, and silver across the Ming Deposit and Little Deer areas.
Reasoning: FireFly Metals has successfully secured A$190 million in funding through a combination of institutional placement, Canadian bought deal, and a share purchase plan, significantly bolstering its financial position to accelerate the development of its Green Bay Copper-Gold Project and continue resource expansion. The updated resource estimate underpins the project's potential.
Positive factors
- Significant capital raise of A$190 million
- Funds allocated to project development, feasibility studies, and resource growth
- Strengthens balance sheet for Green Bay Copper-Gold Project
- Updated resource estimate provides a strong project foundation
Negative factors
- Shareholder dilution from equity issuance
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 44
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource Estimate for the Green Bay Copper-Gold Project is prepared and reported in accordance with the JORC Code 2012.
Evidence · text
“prepared and disclosed in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ( JORC Code 2012 )”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resource Estimate for the Green Bay Copper-Gold Project is prepared and reported in accordance with Canadian National Instrument 43-101.
Evidence · text
“Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ( NI 43-101 )”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Mr Juan Gutierrez, Group Chief Geologist, is named as the Competent Person and Qualified Person who reviewed and approved the technical and scientific information.
Evidence · text
“All technical and scientific information in this announcement has been reviewed and approved by Group Chief Geologist, Mr Juan Gutierrez BSc, Geology (Masters), Geostatistics (Postgraduate Diploma), who is a Member and Chartered Professional of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Gutierrez is a Competent Person as defined in the JORC Code 2012 and a Qualified Person as defined in NI 43-101.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Mineral Resources have been reported at a 1.0% copper cut-off grade.
Evidence · text
“Mineral Resources have been reported at a 1.0% copper cut-off grade.”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The Green Bay Copper-Gold Project is underpinned by 60.2Mt of Measured and Indicated Mineral Resources at 2.43% for 1,464Kt copper equivalent (CuEq) and 23.5Mt of Inferred Mineral Resources at 2.51% for 592Kt CuEq, indicating significant scale.
Evidence · text
“The Green Bay Copper-Gold Project is underpinned by 60.2Mt of Measured and Indicated Mineral Resources at 2.43% for 1,464Kt copper equivalent (CuEq) and 23.5Mt of Inferred Mineral Resources at 2.51% for 592Kt CuEq”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The Green Bay project includes 3.5 Mt of Measured Resources for copper, gold, and silver.
Evidence · table
“3.5”
Context: Measured
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Green Bay project includes 56.7 Mt of Indicated Resources for copper, gold, and silver.
Evidence · table
“56.7”
Context: Indicated
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Green Bay project includes 23.5 Mt of Inferred Resources for copper, gold, and silver.
Evidence · table
“23.5”
Context: Inferred
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents an updated Mineral Resource Estimate for the Green Bay Copper-Gold Project.
Evidence · text
“Mineral Resource Estimate – Green Bay Project”
Extracted facts
Stored fact records: 44. Some facts used in scoring do not have a stored record.
Resource Estimates (44)
measuredMing Deposit · copperTonnes: 3500000Grade: 1.5Grade Unit: %Contained Metal: 52Contained Unit: '000 tView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:54a50dc55b4ede67619f
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 1.5
- Grade Unit
- %
- Contained Metal
- 52
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit reports a Measured resource of 3.5 Mt at 1.5% copper, providing a high-confidence base for project planning.
Positive factors
- High confidence Measured category
- Good copper grade for deposit type
Evidence · table
“1.5”
Context: 3.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredMing Deposit · goldTonnes: 3500000Grade: 0.2Grade Unit: g/tContained Metal: 20Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:54a50dc55b4ede67619f
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit includes a Measured resource of 3.5 Mt at 0.2 g/t gold, contributing to the polymetallic nature of the deposit.
Positive factors
- High confidence Measured category
Evidence · table
“0.2”
Context: 3.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredMing Deposit · silverTonnes: 3500000Grade: 1.3Grade Unit: g/tContained Metal: 147Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:54a50dc55b4ede67619f
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 147
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's Measured resource includes 3.5 Mt at 1.3 g/t silver, adding to the overall metal endowment.
Positive factors
- High confidence Measured category
Evidence · table
“1.3”
Context: 3.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredMing Deposit · copperTonnes: 3500000View all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:54a50dc55b4ede67619f
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's Measured resource of 3.5 Mt at 1.7% CuEq indicates strong overall metal value in the highest confidence category.
Positive factors
- High confidence Measured category
- Good CuEq grade
Evidence · table
“1.7”
Context: 3.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMing Deposit · copperTonnes: 53800000Grade: 1.9Grade Unit: %Contained Metal: 1041Contained Unit: '000 tView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:b5647ee72573d6670b84
Resource Data
- Category
- indicated
- Tonnes
- 53800000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 1041
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's Indicated resource of 53.8 Mt at 1.9% copper represents a substantial and well-defined copper inventory, supporting future economic studies.
Positive factors
- Large Indicated tonnage
- Strong copper grade
- Significant contained copper metal
Evidence · table
“1.9”
Context: 53.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedMing Deposit · goldTonnes: 53800000Grade: 0.5Grade Unit: g/tContained Metal: 878Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:b5647ee72573d6670b84
Resource Data
- Category
- indicated
- Tonnes
- 53800000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 878
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's Indicated resource includes 53.8 Mt at 0.5 g/t gold, providing a substantial gold credit to the project.
Positive factors
- Large Indicated tonnage
- Significant contained gold metal
Evidence · table
“0.5”
Context: 53.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedMing Deposit · silverTonnes: 53800000Grade: 4.5Grade Unit: g/tContained Metal: 7707Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:b5647ee72573d6670b84
Resource Data
- Category
- indicated
- Tonnes
- 53800000
- Grade
- 4.5
- Grade Unit
- g/t
- Contained Metal
- 7707
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's Indicated resource of 53.8 Mt at 4.5 g/t silver adds considerable silver byproduct potential.
Positive factors
- Large Indicated tonnage
- Significant contained silver metal
Evidence · table
“4.5”
Context: 53.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedMing Deposit · copperTonnes: 53800000View all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:b5647ee72573d6670b84
Resource Data
- Category
- indicated
- Tonnes
- 53800000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's Indicated resource of 53.8 Mt at 2.5% CuEq highlights the significant overall economic potential of this category.
Positive factors
- Large Indicated tonnage
- Strong CuEq grade
Evidence · table
“2.5”
Context: 53.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMing Deposit · copperTonnes: 57300000Grade: 1.9Grade Unit: %Contained Metal: 1093Contained Unit: '000 tView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:1c970b0dae2cd9d16a59
Resource Data
- Category
- indicated
- Tonnes
- 57300000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 1093
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's total Measured and Indicated resource of 57.3 Mt at 1.9% copper provides a robust foundation for project development.
Positive factors
- Large combined M&I tonnage
- Strong copper grade
- Significant contained copper metal
Evidence · table
“1.9”
Context: 57.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedMing Deposit · goldTonnes: 57300000Grade: 0.5Grade Unit: g/tContained Metal: 899Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:1c970b0dae2cd9d16a59
Resource Data
- Category
- indicated
- Tonnes
- 57300000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 899
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's total M&I resource includes 57.3 Mt at 0.5 g/t gold, adding substantial gold value.
Positive factors
- Large combined M&I tonnage
- Significant contained gold metal
Evidence · table
“0.5”
Context: 57.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedMing Deposit · silverTonnes: 57300000Grade: 4.3Grade Unit: g/tContained Metal: 7853Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:1c970b0dae2cd9d16a59
Resource Data
- Category
- indicated
- Tonnes
- 57300000
- Grade
- 4.3
- Grade Unit
- g/t
- Contained Metal
- 7853
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's total M&I resource of 57.3 Mt at 4.3 g/t silver provides substantial silver byproduct potential.
Positive factors
- Large combined M&I tonnage
- Significant contained silver metal
Evidence · table
“4.3”
Context: 57.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedMing Deposit · copperTonnes: 57300000View all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:1c970b0dae2cd9d16a59
Resource Data
- Category
- indicated
- Tonnes
- 57300000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.4
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's total M&I resource of 57.3 Mt at 2.4% CuEq demonstrates significant overall economic value in the higher confidence categories.
Positive factors
- Large combined M&I tonnage
- Strong CuEq grade
Evidence · table
“2.4”
Context: 57.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMing Deposit · copperTonnes: 17300000Grade: 2Grade Unit: %Contained Metal: 344Contained Unit: '000 tView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:cb2a3d6c08fceed7f746
Resource Data
- Category
- inferred
- Tonnes
- 17300000
- Grade
- 2
- Grade Unit
- %
- Contained Metal
- 344
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's Inferred resource of 17.3 Mt at 2.0% copper provides significant exploration upside and potential for future conversion.
Positive factors
- Significant Inferred tonnage
- Strong copper grade
Negative factors
- Lower confidence Inferred category
Evidence · table
“2.0”
Context: 17.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredMing Deposit · goldTonnes: 17300000Grade: 0.7Grade Unit: g/tContained Metal: 404Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:cb2a3d6c08fceed7f746
Resource Data
- Category
- inferred
- Tonnes
- 17300000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 404
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's Inferred resource includes 17.3 Mt at 0.7 g/t gold, indicating further gold potential.
Positive factors
- Significant Inferred tonnage
- Good gold grade
Negative factors
- Lower confidence Inferred category
Evidence · table
“0.7”
Context: 17.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredMing Deposit · silverTonnes: 17300000Grade: 6.3Grade Unit: g/tContained Metal: 3522Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:cb2a3d6c08fceed7f746
Resource Data
- Category
- inferred
- Tonnes
- 17300000
- Grade
- 6.3
- Grade Unit
- g/t
- Contained Metal
- 3522
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's Inferred resource of 17.3 Mt at 6.3 g/t silver suggests further silver byproduct potential.
Positive factors
- Significant Inferred tonnage
- Good silver grade
Negative factors
- Lower confidence Inferred category
Evidence · table
“6.3”
Context: 17.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredMing Deposit · copperTonnes: 17300000View all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:cb2a3d6c08fceed7f746
Resource Data
- Category
- inferred
- Tonnes
- 17300000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.8
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Ming Deposit's Inferred resource of 17.3 Mt at 2.8% CuEq indicates strong overall metal value with potential for future upgrades.
Positive factors
- Significant Inferred tonnage
- Strong CuEq grade
Negative factors
- Lower confidence Inferred category
Evidence · table
“2.8”
Context: 17.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedLittle Deer · copperTonnes: 2900000Grade: 2.1Grade Unit: %Contained Metal: 62Contained Unit: '000 tView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:4950ab1008272a03e650
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 2.1
- Grade Unit
- %
- Contained Metal
- 62
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit reports an Indicated resource of 2.9 Mt at 2.1% copper, contributing to the overall project's copper inventory.
Positive factors
- Good Indicated tonnage
- Strong copper grade
Evidence · table
“2.1”
Context: 2.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLittle Deer · goldTonnes: 2900000Grade: 0.1Grade Unit: g/tContained Metal: 9Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:4950ab1008272a03e650
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit includes an Indicated resource of 2.9 Mt at 0.1 g/t gold, adding minor gold credits.
Positive factors
- Good Indicated tonnage
Evidence · table
“0.1”
Context: 2.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLittle Deer · silverTonnes: 2900000Grade: 3.4Grade Unit: g/tContained Metal: 320Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:4950ab1008272a03e650
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 3.4
- Grade Unit
- g/t
- Contained Metal
- 320
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit's Indicated resource includes 2.9 Mt at 3.4 g/t silver, providing additional byproduct potential.
Positive factors
- Good Indicated tonnage
Evidence · table
“3.4”
Context: 2.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLittle Deer · copperTonnes: 2900000View all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:4950ab1008272a03e650
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.3
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit's Indicated resource of 2.9 Mt at 2.3% CuEq indicates good overall metal value in this category.
Positive factors
- Good Indicated tonnage
- Strong CuEq grade
Evidence · table
“2.3”
Context: 2.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedLittle Deer · copperTonnes: 2900000Grade: 2.1Grade Unit: %Contained Metal: 62Contained Unit: '000 tView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:4950ab1008272a03e650
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 2.1
- Grade Unit
- %
- Contained Metal
- 62
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit's total M&I resource of 2.9 Mt at 2.1% copper provides a solid base for this part of the project.
Positive factors
- Good combined M&I tonnage
- Strong copper grade
Evidence · table
“2.1”
Context: 2.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLittle Deer · goldTonnes: 2900000Grade: 0.1Grade Unit: g/tContained Metal: 9Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:4950ab1008272a03e650
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit's total M&I resource includes 2.9 Mt at 0.1 g/t gold, contributing minor gold credits.
Positive factors
- Good combined M&I tonnage
Evidence · table
“0.1”
Context: 2.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLittle Deer · silverTonnes: 2900000Grade: 3.4Grade Unit: g/tContained Metal: 320Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:4950ab1008272a03e650
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 3.4
- Grade Unit
- g/t
- Contained Metal
- 320
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit's total M&I resource includes 2.9 Mt at 3.4 g/t silver, adding to byproduct potential.
Positive factors
- Good combined M&I tonnage
Evidence · table
“3.4”
Context: 2.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLittle Deer · copperTonnes: 2900000View all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:4950ab1008272a03e650
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.3
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit's total M&I resource of 2.9 Mt at 2.3% CuEq indicates good overall metal value in the higher confidence categories.
Positive factors
- Good combined M&I tonnage
- Strong CuEq grade
Evidence · table
“2.3”
Context: 2.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLittle Deer · copperTonnes: 6200000Grade: 1.8Grade Unit: %Contained Metal: 110Contained Unit: '000 tView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:2eb71e5ba48ca773283a
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 1.8
- Grade Unit
- %
- Contained Metal
- 110
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit's Inferred resource of 6.2 Mt at 1.8% copper provides further exploration upside.
Positive factors
- Significant Inferred tonnage
- Good copper grade
Negative factors
- Lower confidence Inferred category
Evidence · table
“1.8”
Context: 6.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLittle Deer · goldTonnes: 6200000Grade: 0.1Grade Unit: g/tContained Metal: 10Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:2eb71e5ba48ca773283a
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit's Inferred resource includes 6.2 Mt at 0.1 g/t gold, adding minor gold potential.
Positive factors
- Significant Inferred tonnage
Negative factors
- Lower confidence Inferred category
Evidence · table
“0.1”
Context: 6.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLittle Deer · silverTonnes: 6200000Grade: 2.2Grade Unit: g/tContained Metal: 430Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:2eb71e5ba48ca773283a
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 430
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit's Inferred resource includes 6.2 Mt at 2.2 g/t silver, indicating further silver potential.
Positive factors
- Significant Inferred tonnage
Negative factors
- Lower confidence Inferred category
Evidence · table
“2.2”
Context: 6.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLittle Deer · copperTonnes: 6200000View all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:2eb71e5ba48ca773283a
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Little Deer deposit's Inferred resource of 6.2 Mt at 1.8% CuEq indicates further overall metal potential.
Positive factors
- Significant Inferred tonnage
- Good CuEq grade
Negative factors
- Lower confidence Inferred category
Evidence · table
“1.8”
Context: 6.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredGREEN BAY TOTAL · copperTonnes: 3500000Grade: 1.5Grade Unit: %Contained Metal: 52Contained Unit: '000 tView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:f7b43ab897d49de1f658
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 1.5
- Grade Unit
- %
- Contained Metal
- 52
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Measured resource of 3.5 Mt at 1.5% copper provides a high-confidence base for the entire project.
Positive factors
- High confidence Measured category
- Good copper grade
Evidence · table
“1.5”
Context: 3.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredGREEN BAY TOTAL · goldTonnes: 3500000Grade: 0.2Grade Unit: g/tContained Metal: 20Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:f7b43ab897d49de1f658
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Measured resource includes 3.5 Mt at 0.2 g/t gold, contributing to the project's overall gold endowment.
Positive factors
- High confidence Measured category
Evidence · table
“0.2”
Context: 3.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredGREEN BAY TOTAL · silverTonnes: 3500000Grade: 1.3Grade Unit: g/tContained Metal: 147Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:f7b43ab897d49de1f658
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 147
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Measured resource includes 3.5 Mt at 1.3 g/t silver, adding to the project's silver potential.
Positive factors
- High confidence Measured category
Evidence · table
“1.3”
Context: 3.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredGREEN BAY TOTAL · copperTonnes: 3500000View all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:f7b43ab897d49de1f658
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Measured resource of 3.5 Mt at 1.7% CuEq indicates strong overall metal value in the highest confidence category for the project.
Positive factors
- High confidence Measured category
- Good CuEq grade
Evidence · table
“1.7”
Context: 3.5
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedGREEN BAY TOTAL · copperTonnes: 56700000Grade: 1.9Grade Unit: %Contained Metal: 1103Contained Unit: '000 tView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:9eddf8010aa588b9f9b9
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 1103
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Indicated resource of 56.7 Mt at 1.9% copper represents a substantial and well-defined copper inventory for the project.
Positive factors
- Large Indicated tonnage
- Strong copper grade
- Significant contained copper metal
Evidence · table
“1.9”
Context: 56.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGREEN BAY TOTAL · goldTonnes: 56700000Grade: 0.5Grade Unit: g/tContained Metal: 887Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:9eddf8010aa588b9f9b9
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 887
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Indicated resource includes 56.7 Mt at 0.5 g/t gold, providing substantial gold credits to the project.
Positive factors
- Large Indicated tonnage
- Significant contained gold metal
Evidence · table
“0.5”
Context: 56.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGREEN BAY TOTAL · silverTonnes: 56700000Grade: 4.4Grade Unit: g/tContained Metal: 8027Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:9eddf8010aa588b9f9b9
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Grade
- 4.4
- Grade Unit
- g/t
- Contained Metal
- 8027
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Indicated resource of 56.7 Mt at 4.4 g/t silver adds considerable silver byproduct potential to the project.
Positive factors
- Large Indicated tonnage
- Significant contained silver metal
Evidence · table
“4.4”
Context: 56.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGREEN BAY TOTAL · copperTonnes: 56700000View all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:9eddf8010aa588b9f9b9
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Indicated resource of 56.7 Mt at 2.5% CuEq highlights the significant overall economic potential of this category for the project.
Positive factors
- Large Indicated tonnage
- Strong CuEq grade
Evidence · table
“2.5”
Context: 56.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedGREEN BAY TOTAL · copperTonnes: 60200000Grade: 1.9Grade Unit: %Contained Metal: 1155Contained Unit: '000 tView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:a5e932d6cf179fc81ad9
Resource Data
- Category
- indicated
- Tonnes
- 60200000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 1155
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Measured and Indicated resource of 60.2 Mt at 1.9% copper provides a very robust foundation for project development.
Positive factors
- Very large combined M&I tonnage
- Strong copper grade
- Significant contained copper metal
Evidence · table
“1.9”
Context: 60.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGREEN BAY TOTAL · goldTonnes: 60200000Grade: 0.5Grade Unit: g/tContained Metal: 908Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:a5e932d6cf179fc81ad9
Resource Data
- Category
- indicated
- Tonnes
- 60200000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 908
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total M&I resource includes 60.2 Mt at 0.5 g/t gold, adding substantial gold value to the project.
Positive factors
- Very large combined M&I tonnage
- Significant contained gold metal
Evidence · table
“0.5”
Context: 60.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGREEN BAY TOTAL · silverTonnes: 60200000Grade: 4.2Grade Unit: g/tContained Metal: 8173Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:a5e932d6cf179fc81ad9
Resource Data
- Category
- indicated
- Tonnes
- 60200000
- Grade
- 4.2
- Grade Unit
- g/t
- Contained Metal
- 8173
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total M&I resource of 60.2 Mt at 4.2 g/t silver provides substantial silver byproduct potential for the project.
Positive factors
- Very large combined M&I tonnage
- Significant contained silver metal
Evidence · table
“4.2”
Context: 60.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGREEN BAY TOTAL · copperTonnes: 60200000View all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:a5e932d6cf179fc81ad9
Resource Data
- Category
- indicated
- Tonnes
- 60200000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.4
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total M&I resource of 60.2 Mt at 2.4% CuEq demonstrates significant overall economic value in the higher confidence categories for the project.
Positive factors
- Very large combined M&I tonnage
- Strong CuEq grade
Evidence · table
“2.4”
Context: 60.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredGREEN BAY TOTAL · copperTonnes: 23500000Grade: 1.9Grade Unit: %Contained Metal: 454Contained Unit: '000 tView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:ac7edd3a8c39d661bb69
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 454
- Contained Unit
- '000 t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Inferred resource of 23.5 Mt at 1.9% copper provides significant exploration upside and potential for future conversion for the project.
Positive factors
- Large Inferred tonnage
- Strong copper grade
Negative factors
- Lower confidence Inferred category
Evidence · table
“1.9”
Context: 23.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredGREEN BAY TOTAL · goldTonnes: 23500000Grade: 0.6Grade Unit: g/tContained Metal: 414Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:ac7edd3a8c39d661bb69
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 414
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Inferred resource includes 23.5 Mt at 0.6 g/t gold, indicating further gold potential for the project.
Positive factors
- Large Inferred tonnage
- Good gold grade
Negative factors
- Lower confidence Inferred category
Evidence · table
“0.6”
Context: 23.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredGREEN BAY TOTAL · silverTonnes: 23500000Grade: 5.2Grade Unit: g/tContained Metal: 3952Contained Unit: '000 ozView all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:ac7edd3a8c39d661bb69
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Grade
- 5.2
- Grade Unit
- g/t
- Contained Metal
- 3952
- Contained Unit
- '000 oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Inferred resource of 23.5 Mt at 5.2 g/t silver suggests further silver byproduct potential for the project.
Positive factors
- Large Inferred tonnage
- Good silver grade
Negative factors
- Lower confidence Inferred category
Evidence · table
“5.2”
Context: 23.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredGREEN BAY TOTAL · copperTonnes: 23500000View all detailsHide details
Identity
- Project
- GREEN BAY TOTAL
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:ac7edd3a8c39d661bb69
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- low
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The Green Bay Total Inferred resource of 23.5 Mt at 2.5% CuEq indicates strong overall metal value with potential for future upgrades for the project.
Positive factors
- Large Inferred tonnage
- Strong CuEq grade
Negative factors
- Lower confidence Inferred category
Evidence · table
“2.5”
Context: 23.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.