FireFly Completes Equity Raising
Original announcement by tmx on
- Company
- FireFly Metals Ltd
- Ticker
- FFM
- Exchange
- TSX
- Region
- Newfoundland, Canada
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver
- Document categories
- Resource update, Capital raise
- Extracted
- 2026-09-12 01:07:51 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
FireFly Metals Ltd has successfully completed an equity raising totaling approximately A$180 million through an institutional placement and a bought deal offering. The company also plans a Share Purchase Plan to raise up to an additional A$10 million. Proceeds will primarily fund the Green Bay Copper-Gold Project's development, including underground works, drilling, technical studies, and corporate costs, supported by the project's substantial existing mineral resource estimate.
Reasoning: FireFly Metals has successfully completed a significant equity raising of A$180M, providing substantial funding for the Green Bay Copper-Gold Project's development, including DFS and early works. The document also re-states the project's substantial JORC/NI 43-101 compliant resource estimate, which underpins the project's value, although this resource data itself is not new information in this announcement.
Positive factors
- Successful completion of significant equity raise
- Funds secured for project development and DFS
- Strong balance sheet for project financing
- Resource estimate underpins project value
Negative factors
- Resource estimate is a re-statement, not new information in this release
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 28
Classification and evidence
Equity Raise Completedpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The company announced the completion of its institutional placement and bought deal offering, raising ~A$180M.
Evidence · text
“FireFly is pleased to announce that it has completed the equity raising announced on 25 and 26 August 2026”
SPP Announcedneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: FireFly intends to offer a non-underwritten share purchase plan to eligible shareholders to raise up to A$10 million.
Evidence · text
“FireFly intends to offer to eligible shareholders ... the opportunity to participate in a non-underwritten share purchase plan ( SPP ) and subscribe for a maximum of A$30,000 worth of new fully paid Ordinary Shares”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Green Bay Copper-Gold Project's Mineral Resources are 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 Edition)).
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 Edition) )”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Green Bay Copper-Gold Project's Mineral Resources are prepared and disclosed in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101).
Evidence · text
“and 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 a Competent Person under JORC and a Qualified Person under NI 43-101, and has reviewed and approved the technical information.
Evidence · text
“All technical and scientific information in this announcement has been reviewed and approved by Group Chief Geologist, Mr Juan Gutierrez ... Mr Gutierrez is a Competent Person as defined in the JORC Code (2012 Edition) 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.”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The resource estimate presented in this document was first reported in a prior announcement dated 25 August 2026 (for Green Bay Total/Ming) and 29 October 2024 (for Little Deer), indicating it is not new information in this release.
Evidence · text
“The Mineral Resource Estimate for the Green Bay Copper-Gold Project referred to in this announcement ... was first reported in the Company’s ASX announcement dated 25 August 2026”
Extracted facts
Stored fact records: 24. Some facts used in scoring do not have a stored record.
Resource Estimates (24)
measuredGreen Bay Copper-Gold Project · copperTonnes: 3500000Grade: 1.5Grade Unit: %Contained Metal: 52Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:4d151c7129a206a97483
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 1.5
- Grade Unit
- %
- Contained Metal
- 52
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Measured resource for copper at Ming Deposit provides high-confidence tonnage and grade, underpinning project value, though the data itself is not new in this announcement.
Positive factors
- High confidence Measured category
- Good copper grade
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredGreen Bay Copper-Gold Project · goldTonnes: 3500000Grade: 0.2Grade Unit: g/tContained Metal: 20Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:4d151c7129a206a97483
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Measured resource for gold at Ming Deposit contributes to the overall project value, though the data itself is not new in this announcement.
Positive factors
- High confidence Measured category
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredGreen Bay Copper-Gold Project · silverTonnes: 3500000Grade: 1.3Grade Unit: g/tContained Metal: 147Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:4d151c7129a206a97483
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 147
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Measured resource for silver at Ming Deposit adds to the polymetallic nature of the project, though the data itself is not new in this announcement.
Positive factors
- High confidence Measured category
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedGreen Bay Copper-Gold Project · copperTonnes: 53800000Grade: 1.9Grade Unit: %Contained Metal: 1041Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:fd9c5dc28f1f62a5680f
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- indicated
- Tonnes
- 53800000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 1041
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Indicated resource for copper at Ming Deposit represents a significant portion of the project's value, providing a strong base for future studies, though the data itself is not new in this announcement.
Positive factors
- Large Indicated tonnage
- Good copper grade
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedGreen Bay Copper-Gold Project · goldTonnes: 53800000Grade: 0.5Grade Unit: g/tContained Metal: 878Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:fd9c5dc28f1f62a5680f
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- indicated
- Tonnes
- 53800000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 878
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Indicated resource for gold at Ming Deposit significantly contributes to the project's overall contained metal, though the data itself is not new in this announcement.
Positive factors
- Large Indicated tonnage
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedGreen Bay Copper-Gold Project · silverTonnes: 53800000Grade: 4.5Grade Unit: g/tContained Metal: 7707Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:fd9c5dc28f1f62a5680f
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- indicated
- Tonnes
- 53800000
- Grade
- 4.5
- Grade Unit
- g/t
- Contained Metal
- 7707
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Indicated resource for silver at Ming Deposit adds significant byproduct potential to the project, though the data itself is not new in this announcement.
Positive factors
- Large Indicated tonnage
- Good silver grade
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredGreen Bay Copper-Gold Project · copperTonnes: 17300000Grade: 2Grade Unit: %Contained Metal: 344Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:450ec92f8ceba87c1418
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- inferred
- Tonnes
- 17300000
- Grade
- 2
- Grade Unit
- %
- Contained Metal
- 344
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Inferred resource for copper at Ming Deposit indicates significant exploration upside and potential for future conversion, though the data itself is not new in this announcement.
Positive factors
- Good copper grade
- Potential for resource growth
Negative factors
- Resource data is re-stated, not new
- 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredGreen Bay Copper-Gold Project · goldTonnes: 17300000Grade: 0.7Grade Unit: g/tContained Metal: 404Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:450ec92f8ceba87c1418
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- inferred
- Tonnes
- 17300000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 404
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Inferred resource for gold at Ming Deposit adds to the project's exploration potential, though the data itself is not new in this announcement.
Positive factors
- Potential for resource growth
Negative factors
- Resource data is re-stated, not new
- 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredGreen Bay Copper-Gold Project · silverTonnes: 17300000Grade: 6.3Grade Unit: g/tContained Metal: 3522Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:450ec92f8ceba87c1418
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- inferred
- Tonnes
- 17300000
- Grade
- 6.3
- Grade Unit
- g/t
- Contained Metal
- 3522
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Inferred resource for silver at Ming Deposit further enhances the project's polymetallic potential, though the data itself is not new in this announcement.
Positive factors
- Good silver grade
- Potential for resource growth
Negative factors
- Resource data is re-stated, not new
- 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedGreen Bay Copper-Gold Project · copperTonnes: 2900000Grade: 2.1Grade Unit: %Contained Metal: 62Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:4e19572cc173f535c73c
- Deposit or zone
- Little Deer
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 2.1
- Grade Unit
- %
- Contained Metal
- 62
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Metal Eq. Grade
- 2.3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-29T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Indicated resource for copper at Little Deer contributes to the overall project resource base, though the data itself is not new in this announcement.
Positive factors
- Good copper grade
- Indicated category
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
indicatedGreen Bay Copper-Gold Project · goldTonnes: 2900000Grade: 0.1Grade Unit: g/tContained Metal: 9Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:4e19572cc173f535c73c
- Deposit or zone
- Little Deer
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-29T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Indicated resource for gold at Little Deer adds to the project's overall metal inventory, though the data itself is not new in this announcement.
Positive factors
- Indicated category
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
indicatedGreen Bay Copper-Gold Project · silverTonnes: 2900000Grade: 3.4Grade Unit: g/tContained Metal: 320Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:4e19572cc173f535c73c
- Deposit or zone
- Little Deer
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 3.4
- Grade Unit
- g/t
- Contained Metal
- 320
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-29T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Indicated resource for silver at Little Deer contributes to the project's byproduct potential, though the data itself is not new in this announcement.
Positive factors
- Indicated category
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredGreen Bay Copper-Gold Project · copperTonnes: 6200000Grade: 1.8Grade Unit: %Contained Metal: 110Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:d1890ced604198b53ff8
- Deposit or zone
- Little Deer
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 1.8
- Grade Unit
- %
- Contained Metal
- 110
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-29T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Inferred resource for copper at Little Deer adds to the project's exploration upside, though the data itself is not new in this announcement.
Positive factors
- Good copper grade
- Potential for resource growth
Negative factors
- Resource data is re-stated, not new
- 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredGreen Bay Copper-Gold Project · goldTonnes: 6200000Grade: 0.1Grade Unit: g/tContained Metal: 10Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:d1890ced604198b53ff8
- Deposit or zone
- Little Deer
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-29T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Inferred resource for gold at Little Deer contributes to the project's overall exploration potential, though the data itself is not new in this announcement.
Positive factors
- Potential for resource growth
Negative factors
- Resource data is re-stated, not new
- 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredGreen Bay Copper-Gold Project · silverTonnes: 6200000Grade: 2.2Grade Unit: g/tContained Metal: 430Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:d1890ced604198b53ff8
- Deposit or zone
- Little Deer
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 430
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-10-29T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Inferred resource for silver at Little Deer adds to the project's overall exploration potential, though the data itself is not new in this announcement.
Positive factors
- Potential for resource growth
Negative factors
- Resource data is re-stated, not new
- 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
measuredGreen Bay Copper-Gold Project · copperTonnes: 3500000Grade: 1.5Grade Unit: %Contained Metal: 52Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:c97a049c9bd60e9e970d
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 1.5
- Grade Unit
- %
- Contained Metal
- 52
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Measured resource for copper at Green Bay Total provides high-confidence tonnage and grade, underpinning project value, though the data itself is not new in this announcement.
Positive factors
- High confidence Measured category
- Good copper grade
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredGreen Bay Copper-Gold Project · goldTonnes: 3500000Grade: 0.2Grade Unit: g/tContained Metal: 20Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:c97a049c9bd60e9e970d
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Measured resource for gold at Green Bay Total contributes to the overall project value, though the data itself is not new in this announcement.
Positive factors
- High confidence Measured category
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredGreen Bay Copper-Gold Project · silverTonnes: 3500000Grade: 1.3Grade Unit: g/tContained Metal: 147Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:c97a049c9bd60e9e970d
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 147
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Measured resource for silver at Green Bay Total adds to the polymetallic nature of the project, though the data itself is not new in this announcement.
Positive factors
- High confidence Measured category
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedGreen Bay Copper-Gold Project · copperTonnes: 56700000Grade: 1.9Grade Unit: %Contained Metal: 1103Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:d09b83b7343e79c54b2e
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 1103
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Indicated resource for copper at Green Bay Total represents a significant portion of the project's value, providing a strong base for future studies, though the data itself is not new in this announcement.
Positive factors
- Large Indicated tonnage
- Good copper grade
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedGreen Bay Copper-Gold Project · goldTonnes: 56700000Grade: 0.5Grade Unit: g/tContained Metal: 887Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:d09b83b7343e79c54b2e
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 887
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Indicated resource for gold at Green Bay Total significantly contributes to the project's overall contained metal, though the data itself is not new in this announcement.
Positive factors
- Large Indicated tonnage
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedGreen Bay Copper-Gold Project · silverTonnes: 56700000Grade: 4.4Grade Unit: g/tContained Metal: 8027Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:d09b83b7343e79c54b2e
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Grade
- 4.4
- Grade Unit
- g/t
- Contained Metal
- 8027
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Indicated resource for silver at Green Bay Total adds significant byproduct potential to the project, though the data itself is not new in this announcement.
Positive factors
- Large Indicated tonnage
- Good silver grade
Negative factors
- Resource data is re-stated, not new
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredGreen Bay Copper-Gold Project · copperTonnes: 23500000Grade: 1.9Grade Unit: %Contained Metal: 454Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:9fe1180415dd88ea6e5f
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 454
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Inferred resource for copper at Green Bay Total indicates significant exploration upside and potential for future conversion, though the data itself is not new in this announcement.
Positive factors
- Good copper grade
- Potential for resource growth
Negative factors
- Resource data is re-stated, not new
- 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredGreen Bay Copper-Gold Project · goldTonnes: 23500000Grade: 0.6Grade Unit: g/tContained Metal: 414Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:9fe1180415dd88ea6e5f
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 414
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Inferred resource for gold at Green Bay Total adds to the project's exploration potential, though the data itself is not new in this announcement.
Positive factors
- Potential for resource growth
Negative factors
- Resource data is re-stated, not new
- 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredGreen Bay Copper-Gold Project · silverTonnes: 23500000Grade: 5.2Grade Unit: g/tContained Metal: 3952Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- 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:9fe1180415dd88ea6e5f
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Grade
- 5.2
- Grade Unit
- g/t
- Contained Metal
- 3952
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-25T00:00:00.000Z
Dates
- Event date
- 2026-09-03T00:00:00.000Z
Reasoning: The re-stated Inferred resource for silver at Green Bay Total further enhances the project's polymetallic potential, though the data itself is not new in this announcement.
Positive factors
- Good silver grade
- Potential for resource growth
Negative factors
- Resource data is re-stated, not new
- 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
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.