# FireFly releases Independent Technical Report for Preliminary Economic Assessment and Resource Estimate Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/firefly-releases-independent-technical-report-for-preliminary-economic-assessmen--846f1c91-0f8e-4760-90f1-f40b9d22de41 Original source: https://www.globenewswire.com/news-release/2026/09/22/3367016/0/en/firefly-releases-independent-technical-report-for-preliminary-economic-assessment-and-resource-estimate.html Publisher: globenewswire Original announcement: 2026-09-22T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: FireFly Metals Limited - Ticker: FFM - Exchange: Unavailable - Region: Newfoundland, Canada - Primary commodity: Copper - Secondary commodities: Gold, Silver - Document categories: Resource update, Economic study - Extracted: 2026-09-23 00:32:36 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary FireFly Metals has released an NI 43-101 compliant Technical Report for its Green Bay Copper-Gold Project in Newfoundland, Canada. The report supports a Preliminary Economic Assessment \(PEA\) and a Mineral Resource Estimate comprising 60.2 Mt of M&I resources at 2.4% CuEq. Reasoning: The document is a technical report filing for a previously announced PEA and MRE. While the resource grades are strong, the novelty is low as it primarily formalizes previously disclosed data. - Positive factor: High-grade copper-gold resource - Positive factor: Strong M&I component \(60.2 Mt\) - Positive factor: PEA completed with clear metal equivalent assumptions - Negative factor: Stale data re-release \(Technical Report for a PEA/MRE announced in August 2026\) Facts used in scoring: 3 ## Classification and evidence **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The technical report is for a Preliminary Economic Assessment. Evidence · text > Technical Report for Preliminary Economic Assessment and Resource Estimate **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The report is prepared in accordance with NI 43-101 standards. Evidence · text > Technical Report required by Canadian National Instrument NI43-101 **Stale Data Re-release** Polarity: negative Story-specific tag Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The report formalizes a PEA and MRE that were already announced on 25 August 2026. Evidence · text > announced by the Company on 25 August 2026 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The resource was reported at a 1.0% copper cut-off grade. Evidence · text > Mineral Resources have been reported at a 1.0% copper cut-off grade. ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-releases-independent-technical-report-for-preliminary-economic-assessmen--846f1c91-0f8e-4760-90f1-f40b9d22de41#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: Juan Gutierrez - Resource group id: resource:5e4abd1292b691f0ca74 - Deposit or zone: Green Bay - Mining method: other - Material type: unknown - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 56700000 - Grade: 1.9 - Grade Unit: % - Contained Metal: 1103000 - Contained Unit: t - Cutoff Grade: 1 - Cutoff Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The resource estimate shows high-grade copper-gold mineralization. - Positive factor: Strong M&I component Evidence · table > 1.9 Context: 56.7 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-releases-independent-technical-report-for-preliminary-economic-assessmen--846f1c91-0f8e-4760-90f1-f40b9d22de41#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: Juan Gutierrez - Resource group id: resource:5e4abd1292b691f0ca74 - Deposit or zone: Green Bay - Mining method: other - Material type: unknown - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 56700000 - Grade: 0.5 - Grade Unit: g/t - Contained Metal: 887000 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The resource estimate shows high-grade copper-gold mineralization. - Positive factor: Strong M&I component Evidence · table > 0.5 Context: 56.7 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-releases-independent-technical-report-for-preliminary-economic-assessmen--846f1c91-0f8e-4760-90f1-f40b9d22de41#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: Juan Gutierrez - Resource group id: resource:5e4abd1292b691f0ca74 - Deposit or zone: Green Bay - Mining method: other - Material type: unknown - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 56700000 - Grade: 4.4 - Grade Unit: g/t - Contained Metal: 8027000 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The resource estimate shows high-grade copper-gold mineralization. - Positive factor: Strong M&I component Evidence · table > 4.4 Context: 56.7 #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. 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.