FireFly to unlock value from Pickle Crow Gold Project by sale for up to A$86.1M
Original announcement by tmx on
- Company
- FireFly Metals Ltd
- Ticker
- FFM
- Exchange
- TSX
- Region
- Ontario
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Resource update, Agreement transaction
- Extracted
- 2026-09-12 05:02:31 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
FireFly Metals Ltd has agreed to sell its Ontario Gold Assets, including its 70% interest in the Pickle Crow Gold Project, to Bellavista Resources Ltd for up to A$86.1 million in scrip consideration. This strategic transaction allows FireFly to unlock value from non-core assets and focus on its Green Bay Copper-Gold Project, while FireFly shareholders will receive Bellavista shares, maintaining exposure to the Ontario Gold Assets' exploration upside. The deal is subject to shareholder approvals and is expected to complete in early April 2026.
Reasoning: FireFly Metals is selling its non-core Ontario Gold Assets, including the Pickle Crow Gold Project, for up to A$86.1 million in scrip consideration. This strategic transaction allows the company to focus on its Green Bay Copper-Gold Project and provides shareholders with continued exposure to the sold assets' exploration upside through Bellavista shares.
Positive factors
- Unlocks value from non-core assets
- Significant consideration received
- Shareholders retain exposure to upside through buyer's shares
- Company can focus on core Green Bay Copper-Gold Project
- Buyer led by experienced mining executives
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 25
Classification and evidence
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: The announcement states that Mr Juan Gutierrez, Group Chief Geologist, reviewed and approved all technical and scientific information and is a Competent Person as defined in JORC Code 2012 and a Qualified Person as defined in NI 43-101.
Evidence · text
“All technical and scientific information in this announcement has been reviewed and approved by Group Chief Geologist, Mr Juan Gutierrez BSc, Geology (Masters), Geostatistics (Postgraduate Diploma), who is a Member and Chartered Professional of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Gutierrez is a Competent Person as defined in the JORC Code 2012 and a Qualified Person as defined in NI 43-101.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource Estimates for Green Bay and Pickle Crow Projects are stated to be 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).
Evidence · text
“The Green Bay Copper-Gold Project currently hosts a Mineral Resource prepared and disclosed in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ( JORC Code 2012 )”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resource Estimates for Green Bay and Pickle Crow Projects are stated to be 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 )”
Metal Equivalent Opaquepositive · Story-specific tag
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: The metal equivalent calculation for CuEq is provided with specific prices and recoveries for copper, gold, and silver, making the assumptions transparent.
Evidence · text
“Metal equivalents for the Mineral Resource Estimates have been calculated at a copper price of US$8,750/t, gold price of US$2,500/oz and silver price of US$25/oz. ... Copper equivalent was calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) + (Ag(g/t) x 0.00822). Metallurgical factors have been applied to the metal equivalent calculation. Copper recovery used was 95%. ... Precious metal (gold and silver) metallurgical recovery was assumed at 85%.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Mineral Resources for the Green Bay Copper-Gold Project are 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 effective date for the Little Deer Mineral Resource Estimate is June 26, 2024, which is over a year old relative to the announcement date of February 1, 2026.
Evidence · text
“with an effective date of 26 June 2024”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The effective date for the Pickle Crow Project Mineral Resource Estimate is November 29, 2024, which is over a year old relative to the announcement date of February 1, 2026.
Evidence · text
“with an effective date of 29 November 2024”
All Inferrednegative
M&I share below the weak bound — very early stage, no engineering confidence.
Why it applies: The Pickle Crow Gold Project's resource estimate of 11.9Mt at 7.2g/t for 2.8Moz gold is entirely in the Inferred category.
Evidence · text
“current high grade Inferred Mineral Resource estimate of 11.9Mt at 7.2g/t for 2.8Moz gold”
Extracted facts
Stored fact records: 25. Some facts used in scoring do not have a stored record.
Resource Estimates (25)
inferredPickle Crow Gold Project · goldTonnes: 11900000Grade: 7.2Grade Unit: g/tContained Metal: 2.8Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pickle Crow Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, 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:ed15493a67eb74b9c456
Resource Data
- Category
- inferred
- Tonnes
- 11900000
- Grade
- 7.2
- Grade Unit
- g/t
- Contained Metal
- 2.8
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2024-11-29
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-05-04T00:00:00.000Z
Dates
- Event date
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing high-grade Inferred gold resource for the Pickle Crow Project, providing context for its sale. The estimate is JORC/NI 43-101 compliant and QP signed, but is entirely in the Inferred category and is historical.
Positive factors
- High-grade resource
- Significant contained metal
- JORC/NI 43-101 compliant
- QP signed
Negative factors
- Resource is 100% Inferred category
- Stale estimate (effective date >1 year old)
Evidence · text
“current high grade Inferred Mineral Resource estimate of 11.9Mt at 7.2g/t for 2.8Moz gold”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredMing Deposit · copperTonnes: 6300000Grade: 1.5Grade Unit: %Contained Metal: 94Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:a336414cee241305d4d8
Resource Data
- Category
- measured
- Tonnes
- 6300000
- Grade
- 1.5
- Grade Unit
- %
- Contained Metal
- 94
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Measured copper resource for the Ming Deposit, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Measured category indicates high confidence
Evidence · table
“1.5”
Context: 6.3
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredMing Deposit · goldTonnes: 6300000Grade: 0.3Grade Unit: g/tContained Metal: 50Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:a336414cee241305d4d8
Resource Data
- Category
- measured
- Tonnes
- 6300000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 50
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Measured gold resource for the Ming Deposit, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Measured category indicates high confidence
Evidence · table
“0.3”
Context: 6.3
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredMing Deposit · silverTonnes: 6300000Grade: 1.9Grade Unit: g/tContained Metal: 388Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:a336414cee241305d4d8
Resource Data
- Category
- measured
- Tonnes
- 6300000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 388
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Measured silver resource for the Ming Deposit, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Measured category indicates high confidence
Evidence · table
“1.9”
Context: 6.3
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
indicatedMing Deposit · copperTonnes: 41200000Grade: 1.7Grade Unit: %Contained Metal: 708Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:66f9422d57aa3518504e
Resource Data
- Category
- indicated
- Tonnes
- 41200000
- Grade
- 1.7
- Grade Unit
- %
- Contained Metal
- 708
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Indicated copper resource for the Ming Deposit, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Indicated category indicates good confidence
Evidence · table
“1.7”
Context: 41.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedMing Deposit · goldTonnes: 41200000Grade: 0.4Grade Unit: g/tContained Metal: 488Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:66f9422d57aa3518504e
Resource Data
- Category
- indicated
- Tonnes
- 41200000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 488
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Indicated gold resource for the Ming Deposit, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Indicated category indicates good confidence
Evidence · table
“0.4”
Context: 41.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedMing Deposit · silverTonnes: 41200000Grade: 3.2Grade Unit: g/tContained Metal: 4320Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:66f9422d57aa3518504e
Resource Data
- Category
- indicated
- Tonnes
- 41200000
- Grade
- 3.2
- Grade Unit
- g/t
- Contained Metal
- 4320
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Indicated silver resource for the Ming Deposit, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Indicated category indicates good confidence
Evidence · table
“3.2”
Context: 41.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredMing Deposit · copperTonnes: 23100000Grade: 2Grade Unit: %Contained Metal: 456Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:d9cc007ae8657cdffc75
Resource Data
- Category
- inferred
- Tonnes
- 23100000
- Grade
- 2
- Grade Unit
- %
- Contained Metal
- 456
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Inferred copper resource for the Ming Deposit, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
Negative factors
- Inferred category indicates lower confidence
Evidence · table
“2.0”
Context: 23.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredMing Deposit · goldTonnes: 23100000Grade: 0.7Grade Unit: g/tContained Metal: 553Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:d9cc007ae8657cdffc75
Resource Data
- Category
- inferred
- Tonnes
- 23100000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 553
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Inferred gold resource for the Ming Deposit, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
Negative factors
- Inferred category indicates lower confidence
Evidence · table
“0.7”
Context: 23.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredMing Deposit · silverTonnes: 23100000Grade: 5.9Grade Unit: g/tContained Metal: 4379Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ming Deposit
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:d9cc007ae8657cdffc75
Resource Data
- Category
- inferred
- Tonnes
- 23100000
- Grade
- 5.9
- Grade Unit
- g/t
- Contained Metal
- 4379
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Inferred silver resource for the Ming Deposit, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
Negative factors
- Inferred category indicates lower confidence
Evidence · table
“5.9”
Context: 23.1
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
indicatedLittle Deer · copperTonnes: 2900000Grade: 2.1Grade Unit: %Contained Metal: 62Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:051ef0638d86fee13786
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Indicated copper resource for the Little Deer Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Indicated category indicates good confidence
Negative factors
- Stale estimate (effective date >1 year old)
Evidence · table
“2.1”
Context: 2.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLittle Deer · goldTonnes: 2900000Grade: 0.1Grade Unit: g/tContained Metal: 9Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:051ef0638d86fee13786
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Indicated gold resource for the Little Deer Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Indicated category indicates good confidence
Negative factors
- Stale estimate (effective date >1 year old)
Evidence · table
“0.1”
Context: 2.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLittle Deer · silverTonnes: 2900000Grade: 3.4Grade Unit: g/tContained Metal: 320Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:051ef0638d86fee13786
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Indicated silver resource for the Little Deer Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Indicated category indicates good confidence
Negative factors
- Stale estimate (effective date >1 year old)
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
inferredLittle Deer · copperTonnes: 6200000Grade: 1.8Grade Unit: %Contained Metal: 110Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:768c7339a0f2c52722b8
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Inferred copper resource for the Little Deer Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
Negative factors
- Inferred category indicates lower confidence
- Stale estimate (effective date >1 year old)
Evidence · table
“1.8”
Context: 6.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLittle Deer · goldTonnes: 6200000Grade: 0.1Grade Unit: g/tContained Metal: 10Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:768c7339a0f2c52722b8
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Inferred gold resource for the Little Deer Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
Negative factors
- Inferred category indicates lower confidence
- Stale estimate (effective date >1 year old)
Evidence · table
“0.1”
Context: 6.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLittle Deer · silverTonnes: 6200000Grade: 2.2Grade Unit: g/tContained Metal: 430Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Little Deer
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Juan Gutierrez
- Resource group id
- resource:768c7339a0f2c52722b8
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Inferred silver resource for the Little Deer Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
Negative factors
- Inferred category indicates lower confidence
- Stale estimate (effective date >1 year old)
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
measuredGreen Bay Copper-Gold Project · copperTonnes: 6300000Grade: 1.5Grade Unit: %Contained Metal: 94Contained 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
- Juan Gutierrez
- Resource group id
- resource:2090f54bfe4220e205df
Resource Data
- Category
- measured
- Tonnes
- 6300000
- Grade
- 1.5
- Grade Unit
- %
- Contained Metal
- 94
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Measured copper resource for the Green Bay Copper-Gold Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Measured category indicates high confidence
Evidence · table
“1.5”
Context: 6.3
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredGreen Bay Copper-Gold Project · goldTonnes: 6300000Grade: 0.3Grade Unit: g/tContained Metal: 50Contained 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
- Juan Gutierrez
- Resource group id
- resource:2090f54bfe4220e205df
Resource Data
- Category
- measured
- Tonnes
- 6300000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 50
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Measured gold resource for the Green Bay Copper-Gold Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Measured category indicates high confidence
Evidence · table
“0.3”
Context: 6.3
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredGreen Bay Copper-Gold Project · silverTonnes: 6300000Grade: 1.9Grade Unit: g/tContained Metal: 388Contained 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
- Juan Gutierrez
- Resource group id
- resource:2090f54bfe4220e205df
Resource Data
- Category
- measured
- Tonnes
- 6300000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 388
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Measured silver resource for the Green Bay Copper-Gold Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Measured category indicates high confidence
Evidence · table
“1.9”
Context: 6.3
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
indicatedGreen Bay Copper-Gold Project · copperTonnes: 44100000Grade: 1.7Grade Unit: %Contained Metal: 769Contained 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
- Juan Gutierrez
- Resource group id
- resource:4f0f97b1c95dad4a0d8d
Resource Data
- Category
- indicated
- Tonnes
- 44100000
- Grade
- 1.7
- Grade Unit
- %
- Contained Metal
- 769
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Indicated copper resource for the Green Bay Copper-Gold Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Indicated category indicates good confidence
Evidence · table
“1.7”
Context: 44.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGreen Bay Copper-Gold Project · goldTonnes: 44100000Grade: 0.4Grade Unit: g/tContained Metal: 496Contained 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
- Juan Gutierrez
- Resource group id
- resource:4f0f97b1c95dad4a0d8d
Resource Data
- Category
- indicated
- Tonnes
- 44100000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 496
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Indicated gold resource for the Green Bay Copper-Gold Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Indicated category indicates good confidence
Evidence · table
“0.4”
Context: 44.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGreen Bay Copper-Gold Project · silverTonnes: 44100000Grade: 3.3Grade Unit: g/tContained Metal: 4638Contained 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
- Juan Gutierrez
- Resource group id
- resource:4f0f97b1c95dad4a0d8d
Resource Data
- Category
- indicated
- Tonnes
- 44100000
- Grade
- 3.3
- Grade Unit
- g/t
- Contained Metal
- 4638
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Indicated silver resource for the Green Bay Copper-Gold Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
- Indicated category indicates good confidence
Evidence · table
“3.3”
Context: 44.1
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
inferredGreen Bay Copper-Gold Project · copperTonnes: 29300000Grade: 1.9Grade Unit: %Contained Metal: 566Contained 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
- Juan Gutierrez
- Resource group id
- resource:ec5d0b1103d7da07ae68
Resource Data
- Category
- inferred
- Tonnes
- 29300000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 566
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2025-11-18
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
- 2025-11-18T00:00:00.000Z
Dates
- Event date
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Inferred copper resource for the Green Bay Copper-Gold Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
Negative factors
- Inferred category indicates lower confidence
Evidence · table
“1.9”
Context: 29.3
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
inferredGreen Bay Copper-Gold Project · goldTonnes: 29300000Grade: 0.6Grade Unit: g/tContained Metal: 563Contained 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
- Juan Gutierrez
- Resource group id
- resource:ec5d0b1103d7da07ae68
Resource Data
- Category
- inferred
- Tonnes
- 29300000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 563
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Inferred gold resource for the Green Bay Copper-Gold Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
Negative factors
- Inferred category indicates lower confidence
Evidence · table
“0.6”
Context: 29.3
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
inferredGreen Bay Copper-Gold Project · silverTonnes: 29300000Grade: 5.1Grade Unit: g/tContained Metal: 4810Contained 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
- Juan Gutierrez
- Resource group id
- resource:ec5d0b1103d7da07ae68
Resource Data
- Category
- inferred
- Tonnes
- 29300000
- Grade
- 5.1
- Grade Unit
- g/t
- Contained Metal
- 4810
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
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
- 2026-02-01T00:00:00.000Z
Reasoning: Re-statement of an existing Inferred silver resource for the Green Bay Copper-Gold Project, providing context for the company's core asset. The estimate is JORC/NI 43-101 compliant and QP signed, with disclosed metal equivalent assumptions.
Positive factors
- JORC/NI 43-101 compliant
- QP signed
Negative factors
- Inferred category indicates lower confidence
Evidence · table
“5.1”
Context: 29.3
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
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.