# FireFly completes in-specie distribution of Bellavista shares to eligible shareholders Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276 Original source: https://money.tmx.com/en/quote/FFM/news/5866582335154049/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh Publisher: tmx Original announcement: 2026-05-11T12:40:24.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: FireFly Metals Ltd - Ticker: FFM - Exchange: TSX - Region: Newfoundland, Canada - Primary commodity: Copper - Secondary commodities: Gold, Silver - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-12 03:42:13 UTC Narrative sentiment: 0.00 · Neutral ## Minestarters Atlas summary FireFly Metals Ltd has completed an in-specie distribution of Bellavista Resources Ltd shares to its eligible shareholders, with one Bellavista share distributed for approximately every 12.8 FireFly shares held. The company also re-stated its Mineral Resource Estimate for the Green Bay Copper-Gold Project, which includes 50.4 Mt of Measured and Indicated resources at 2.0% CuEq and 29.3 Mt of Inferred resources at 2.5% CuEq, prepared in accordance with JORC Code 2012 and NI 43-101. Reasoning: The document announces the completion of an in-specie share distribution and re-states the company's current mineral resource estimates, which were previously announced. Metal equivalent calculations are transparent, using a copper price of US$8,750/t, gold price of US$2,500/oz, and silver price of US$25/oz, with copper recovery at 95% and gold/silver recovery at 85%. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 22 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 22. Some facts used in scoring do not have a stored record. ## Resource Estimates (22) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-0) Green Bay Copper-Gold Project · copper Historical result Needs review: historical\_restatement #### 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:4478d47d9a1f0cd2488c - Deposit or zone: Ming Deposit #### Resource Data - Category: measured - Tonnes: 6300000 - Grade: 1.5 - Grade Unit: % - Contained Metal: 94 - Contained Unit: kt - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 1.5 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-1) Green Bay Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### 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:4478d47d9a1f0cd2488c - Deposit or zone: Ming Deposit #### Resource Data - Category: measured - Tonnes: 6300000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 50 - Contained Unit: koz - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 0.3 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-2) Green Bay Copper-Gold Project · silver Historical result Needs review: historical\_restatement #### 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:4478d47d9a1f0cd2488c - Deposit or zone: Ming Deposit #### Resource Data - Category: measured - Tonnes: 6300000 - Grade: 1.9 - Grade Unit: g/t - Contained Metal: 388 - Contained Unit: koz - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 1.9 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-3) Green Bay Copper-Gold Project Historical result Needs review: historical\_restatement #### Identity - Project: Green Bay Copper-Gold Project - 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:4478d47d9a1f0cd2488c - Deposit or zone: Ming Deposit #### Resource Data - Category: measured - Tonnes: 6300000 - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### 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: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 1.7 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-4) Green Bay Copper-Gold Project · copper Historical result Needs review: historical\_restatement #### 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:750e9438e1c060b54b05 - Deposit or zone: Ming Deposit #### Resource Data - Category: indicated - Tonnes: 41200000 - Grade: 1.7 - Grade Unit: % - Contained Metal: 708 - Contained Unit: kt - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 1.7 Context: 41.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-5) Green Bay Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### 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:750e9438e1c060b54b05 - Deposit or zone: Ming Deposit #### Resource Data - Category: indicated - Tonnes: 41200000 - Grade: 0.4 - Grade Unit: g/t - Contained Metal: 488 - Contained Unit: koz - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 0.4 Context: 41.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-6) Green Bay Copper-Gold Project · silver Historical result Needs review: historical\_restatement #### 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:750e9438e1c060b54b05 - Deposit or zone: Ming Deposit #### Resource Data - Category: indicated - Tonnes: 41200000 - Grade: 3.2 - Grade Unit: g/t - Contained Metal: 4320 - Contained Unit: koz - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 3.2 Context: 41.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-7) Green Bay Copper-Gold Project Historical result Needs review: historical\_restatement #### Identity - Project: Green Bay Copper-Gold Project - 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:750e9438e1c060b54b05 - Deposit or zone: Ming Deposit #### Resource Data - Category: indicated - Tonnes: 41200000 - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Metal Eq. Grade: 2.1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 2.1 Context: 41.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-8) Green Bay Copper-Gold Project · copper Historical result Needs review: historical\_restatement #### 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:a0a6606fd67011f1e680 - Deposit or zone: Ming Deposit #### Resource Data - Category: inferred - Tonnes: 23100000 - Grade: 2 - Grade Unit: % - Contained Metal: 456 - Contained Unit: kt - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed - Negative factor: Inferred Resource Evidence · table > 2.0 Context: 23.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-9) Green Bay Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### 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:a0a6606fd67011f1e680 - Deposit or zone: Ming Deposit #### Resource Data - Category: inferred - Tonnes: 23100000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 553 - Contained Unit: koz - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed - Negative factor: Inferred Resource Evidence · table > 0.7 Context: 23.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-10) Green Bay Copper-Gold Project · silver Historical result Needs review: historical\_restatement #### 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:a0a6606fd67011f1e680 - Deposit or zone: Ming Deposit #### Resource Data - Category: inferred - Tonnes: 23100000 - Grade: 5.9 - Grade Unit: g/t - Contained Metal: 4379 - Contained Unit: koz - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed - Negative factor: Inferred Resource Evidence · table > 5.9 Context: 23.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-11) Green Bay Copper-Gold Project Historical result Needs review: historical\_restatement #### Identity - Project: Green Bay Copper-Gold Project - 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:a0a6606fd67011f1e680 - Deposit or zone: Ming Deposit #### Resource Data - Category: inferred - Tonnes: 23100000 - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Metal Eq. Grade: 2.6 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Ming Deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed - Negative factor: Inferred Resource Evidence · table > 2.6 Context: 23.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-12) Green Bay Copper-Gold Project · copper Historical result Needs review: historical\_restatement #### 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: % #### 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: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Little Deer deposit, previously announced on 2024-10-29. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 2.1 Context: 2.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-13) Green Bay Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### 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: % #### 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: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Little Deer deposit, previously announced on 2024-10-29. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 0.1 Context: 2.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-14) Green Bay Copper-Gold Project · silver Historical result Needs review: historical\_restatement #### 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: % #### 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: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Little Deer deposit, previously announced on 2024-10-29. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 3.4 Context: 2.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-15) Green Bay Copper-Gold Project Historical result Needs review: historical\_restatement #### Identity - Project: Green Bay Copper-Gold Project - 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 - Cutoff Grade: 1 - Cutoff Unit: % #### 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: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Little Deer deposit, previously announced on 2024-10-29. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 2.3 Context: 2.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-16) Green Bay Copper-Gold Project · copper Historical result Needs review: historical\_restatement #### 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: % #### 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: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Little Deer deposit, previously announced on 2024-10-29. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed - Negative factor: Inferred Resource Evidence · table > 1.8 Context: 6.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-17) Green Bay Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### 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: % #### 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: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Little Deer deposit, previously announced on 2024-10-29. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed - Negative factor: Inferred Resource Evidence · table > 0.1 Context: 6.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-18) Green Bay Copper-Gold Project · silver Historical result Needs review: historical\_restatement #### 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: % #### 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: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Little Deer deposit, previously announced on 2024-10-29. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed - Negative factor: Inferred Resource Evidence · table > 2.2 Context: 6.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-19) Green Bay Copper-Gold Project Historical result Needs review: historical\_restatement #### Identity - Project: Green Bay Copper-Gold Project - 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 - Cutoff Grade: 1 - Cutoff Unit: % #### 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: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Little Deer deposit, previously announced on 2024-10-29. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed - Negative factor: Inferred Resource Evidence · table > 1.8 Context: 6.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-20) Green Bay Copper-Gold Project · copper Historical result Needs review: historical\_restatement #### 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:3b19aa6bc8be86389f4f - Deposit or zone: Green Bay Total #### Resource Data - Category: measured - Tonnes: 6300000 - Grade: 1.5 - Grade Unit: % - Contained Metal: 94 - Contained Unit: kt - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Green Bay Total deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 1.5 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-completes-in-specie-distribution-of-bellavista-shares-to-eligible-shareh--815412b9-a747-4960-bac2-2de754eae276#fact-resource-facts-21) Green Bay Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### 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:3b19aa6bc8be86389f4f - Deposit or zone: Green Bay Total #### Resource Data - Category: measured - Tonnes: 6300000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 50 - Contained Unit: koz - Cutoff Grade: 1 - Cutoff Unit: % #### Prior Estimate - Resource Date: 2025-11-18 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-11-18T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Re-stated mineral resource estimate for the Green Bay Total deposit, previously announced on 2025-11-18. - Positive factor: JORC Compliant - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: Metal Equivalent Assumptions Disclosed Evidence · table > 0.3 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## 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.