# FireFly to unlock value from Pickle Crow Gold Project by sale for up to&\#xA0;A$86.1M

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6

Original source: https://money.tmx.com/en/quote/FFM/news/8234110940478072/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86

Publisher: tmx

Original announcement: 2026-02-01T23:07:22.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Unlocks value from non-core assets

- Positive factor: Significant consideration received

- Positive factor: Shareholders retain exposure to upside through buyer's shares

- Positive factor: Company can focus on core Green Bay Copper-Gold Project

- Positive factor: 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 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: 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 Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 Opaque**

Polarity: positive

Story-specific tag

Definition: 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 Disclosed**

Polarity: positive

Definition: 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 Estimate**

Polarity: negative

Definition: 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 Estimate**

Polarity: negative

Definition: 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 Inferred**

Polarity: negative

Definition: 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)

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-0)

Pickle Crow Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: High-grade resource

- Positive factor: Significant contained metal

- Positive factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Resource is 100% Inferred category

- Negative factor: 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 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was 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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-1)

Ming Deposit · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Measured category indicates high confidence

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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-2)

Ming Deposit · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Measured category indicates high confidence

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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-3)

Ming Deposit · silver

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Measured category indicates high confidence

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-4)

Ming Deposit · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Indicated category indicates good confidence

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-5)

Ming Deposit · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Indicated category indicates good confidence

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-6)

Ming Deposit · silver

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Indicated category indicates good confidence

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-7)

Ming Deposit · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred category indicates lower confidence

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-8)

Ming Deposit · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred category indicates lower confidence

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-9)

Ming Deposit · silver

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred category indicates lower confidence

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-10)

Little Deer · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Indicated category indicates good confidence

- Negative factor: Stale estimate \(effective date >1 year old\)

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-11)

Little Deer · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Indicated category indicates good confidence

- Negative factor: Stale estimate \(effective date >1 year old\)

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-12)

Little Deer · silver

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Indicated category indicates good confidence

- Negative factor: Stale estimate \(effective date >1 year old\)

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-13)

Little Deer · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred category indicates lower confidence

- Negative factor: Stale estimate \(effective date >1 year old\)

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-14)

Little Deer · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred category indicates lower confidence

- Negative factor: Stale estimate \(effective date >1 year old\)

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-15)

Little Deer · silver

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred category indicates lower confidence

- Negative factor: Stale estimate \(effective date >1 year old\)

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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#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: 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Measured category indicates high confidence

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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#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: 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Measured category indicates high confidence

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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#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: 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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Measured category indicates high confidence

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-19)

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: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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Indicated category indicates good confidence

Evidence · table

> 1.7

Context: 44.1

#### 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-20)

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: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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Indicated category indicates good confidence

Evidence · table

> 0.4

Context: 44.1

#### 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-21)

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: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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Positive factor: Indicated category indicates good confidence

Evidence · table

> 3.3

Context: 44.1

#### 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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-22)

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: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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred category indicates lower confidence

Evidence · table

> 1.9

Context: 29.3

#### 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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-23)

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: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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred category indicates lower confidence

Evidence · table

> 0.6

Context: 29.3

#### 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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/firefly-to-unlock-value-from-pickle-crow-gold-project-by-sale-for-up-to-xa0-a-86--a033ae50-576c-4f7d-aa31-192e24fbcff6#fact-resource-facts-24)

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: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 factor: JORC/NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred category indicates lower confidence

Evidence · table

> 5.1

Context: 29.3

#### 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

## 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.