Outstanding drilling results from high-grade core to drive impending resource update and economic assessment
Original announcement by tmx on
- Company
- FireFly Metals Ltd
- Ticker
- FFM
- Exchange
- TSX
- Region
- Newfoundland and Labrador, Canada
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver
- Document categories
- Resource update, Drill results, Agreement transaction, Metallurgy
- Extracted
- 2026-09-12 03:45:04 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
FireFly Metals Ltd reports outstanding historical drilling results from the high-grade core zone at its Green Bay Copper-Gold Project, which will feed into an impending resource update and preliminary economic assessment (PEA) due mid-2026. The current Green Bay Mineral Resource stands at 50.4 Mt Measured & Indicated at 2.0% CuEq and 29.3 Mt Inferred at 2.5% CuEq. The company also completed the sale of its Ontario Gold Assets, including the Pickle Crow Gold Project, to Bellavista Resources Ltd for scrip consideration, streamlining its portfolio and strengthening its financial position for Green Bay's development.
Reasoning: The announcement highlights a substantial copper-gold resource base, supported by strong historical drill results confirming high-grade continuity and positive metallurgical testwork. The company is progressing towards economic assessments and permitting, and has strategically divested non-core assets. While the drill results are historical, they are presented as foundational to the upcoming resource update and economic assessment, indicating strong project fundamentals.
Positive factors
- Significant Measured & Indicated resource base for copper, gold, and silver at Green Bay, supporting economic studies.
- High-grade drill intercepts confirm continuity and potential for resource conversion and expansion.
- Metallurgical testwork indicates high recoveries for copper and gold with conventional processing.
- Strategic divestment of non-core gold assets streamlines portfolio and unlocks value for shareholders.
- Advancement of permitting and economic studies (PEA/Scoping Study) indicates progress towards development.
Negative factors
- Drill results reported are historical, having been announced in a prior release, reducing novelty.
- The Pickle Crow resource estimate is historical and for a divested asset, not directly contributing to current project value.
- No new QA/QC methods or laboratory details were disclosed for the drill results in this announcement.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 43
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource Estimate for the Green Bay Project is prepared and reported in accordance with the JORC Code 2012.
Evidence · text
“Mineral Resource Estimates and Exploration Results are calculated in accordance with the JORC Code 2012 and NI 43-101.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resource Estimate for the Green Bay Project is prepared and reported in accordance with NI 43-101.
Evidence · text
“Mineral Resource Estimates and Exploration Results are calculated in accordance with the JORC Code 2012 and NI 43-101.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Mr Juan Gutierrez, Group Chief Geologist, is a Competent Person and Qualified Person who reviewed and approved the technical information.
Evidence · text
“All technical and scientific information in this announcement has been reviewed and approved by Group Chief Geologist, Mr Juan Gutierrez 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.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Mineral Resources have been reported at a 1.0% copper cut-off grade.
Evidence · text
“Mineral Resources have been reported at a 1.0% copper cut-off grade.”
Metal Equivalent Opaquenegative
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: Metal equivalent grades are reported with full disclosure of prices, recoveries, and formula used.
Evidence · text
“Metal equivalents for the Mineral Resource Estimates and Exploration Results 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).”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The drill results highlighted in the announcement were previously reported in an ASX announcement dated 8 April 2026.
Evidence · text
“Post-quarter results of 70.8m @ 4.0% CuEq and 53.3m @ 4.1% CuEq from hole MUG25-096 and MUG25-209 respectively (see ASX announcement dated 8 April 2026)”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Pickle Crow Gold Project resource estimate is historical and for a divested asset.
Evidence · text
“The Inferred Mineral Resource stands at 11.9Mt at 7.2g/t for 2.8Moz gold”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The announcement states that all technical and scientific information has been reviewed and approved by a Qualified Person.
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.”
High Recoverypositive · Story-specific tag
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Copper recoveries averaging above 98% and gold recoveries exceeding 85% are considered high for their respective commodities and processing routes.
Evidence · text
“copper recoveries averaging above 98% and gold recoveries exceeding 85%”
Recovery Improvingpositive · Story-specific tag
Recovery improved versus a like-for-like prior test program on the same domain and route.
Why it applies: The metallurgical testwork represents a significant improvement to historical recoveries at the Nugget Pond processing facility.
Evidence · text
“representing a significant improvement to historical recoveries at the Nugget Pond processing facility.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
Why it applies: The Green Bay MRE is not a maiden resource, but the Core Zone is a high-grade subset of the overall resource.
Evidence · text
“The Green Bay Mineral Resource Estimate ( MRE ) stands at 50.4Mt @ 2.0% CuEq in the Measured & Indicated ( M&I ) categories plus 29.3Mt @ 2.5% CuEq in Inferred .”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: A MRE update is planned for the June 2026 quarter and will underpin the Preliminary Economic Assessment ( PEA ).
Evidence · text
“A MRE update is planned for the June 2026 quarter and will underpin the Preliminary Economic Assessment ( PEA )”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The MRE update is planned to underpin the Preliminary Economic Assessment (PEA).
Evidence · text
“A MRE update is planned for the June 2026 quarter and will underpin the Preliminary Economic Assessment ( PEA )”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("concentrate")
Extracted facts
Stored fact records: 43. Some facts used in scoring do not have a stored record.
Drill Results (14)
MUG25-096Green Bay · copperGrade: 3.4Grade Unit: %Intercept: 70.8 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-096
- Project
- Green Bay
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Grade
- 3.4
- Grade Unit
- %
- Intercept
- 70.8 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
- Group ID
- MUG25-096:0-70.8
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 4
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows exceptional copper grade over a significant length, confirming high-grade continuity within the Core Zone, which is highly material for the project.
Positive factors
- Exceptional copper grade for a VMS deposit.
- Strong intercept length, indicating good continuity.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“70.8m @ 4.0% CuEq (3.4% Cu & 0.6g/t Au)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-096Green Bay · goldGrade: 0.6Grade Unit: g/tIntercept: 70.8 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-096
- Project
- Green Bay
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Grade
- 0.6
- Grade Unit
- g/t
- Intercept
- 70.8 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
- Group ID
- MUG25-096:0-70.8
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 4
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows a moderate gold grade over a significant length, contributing to the overall high-grade CuEq, which is material for the project.
Positive factors
- Strong intercept length, indicating good continuity.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Gold grade is moderate for a VMS deposit.
- This is a historical drill result, reducing novelty.
Evidence · text
“70.8m @ 4.0% CuEq (3.4% Cu & 0.6g/t Au)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-096Green Bay · copperIntercept: 19.2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-096
- Project
- Green Bay
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Intercept
- 19.2 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 7.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical sub-interval shows an exceptionally high CuEq grade over a good width, indicating a bonanza zone within the broader intercept, which is highly material.
Positive factors
- Exceptional metal equivalent grade for a VMS deposit.
- Significant intercept length for a sub-interval.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“19.2m @ 7.5% CuEq”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-209Green Bay · copperGrade: 3.4Grade Unit: %Intercept: 53.3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-209
- Project
- Green Bay
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Grade
- 3.4
- Grade Unit
- %
- Intercept
- 53.3 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
- Group ID
- MUG25-209:0-53.3
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 4.1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows exceptional copper grade over a significant length, confirming high-grade continuity within the Core Zone, which is highly material for the project.
Positive factors
- Exceptional copper grade for a VMS deposit.
- Strong intercept length, indicating good continuity.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“53.3m @ 4.1% CuEq (3.4% Cu & 0.8g/t Au)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-209Green Bay · goldGrade: 0.8Grade Unit: g/tIntercept: 53.3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-209
- Project
- Green Bay
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Grade
- 0.8
- Grade Unit
- g/t
- Intercept
- 53.3 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
- Group ID
- MUG25-209:0-53.3
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 4.1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows a moderate gold grade over a significant length, contributing to the overall high-grade CuEq, which is material for the project.
Positive factors
- Strong intercept length, indicating good continuity.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Gold grade is moderate for a VMS deposit.
- This is a historical drill result, reducing novelty.
Evidence · text
“53.3m @ 4.1% CuEq (3.4% Cu & 0.8g/t Au)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-209Green Bay · copperIntercept: 18.2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-209
- Project
- Green Bay
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Intercept
- 18.2 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 5.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical sub-interval shows an exceptionally high CuEq grade over a good width, indicating a bonanza zone within the broader intercept, which is highly material.
Positive factors
- Exceptional metal equivalent grade for a VMS deposit.
- Significant intercept length for a sub-interval.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“18.2m @ 5.8% CuEq”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-219Green Bay · copperGrade: 6Grade Unit: %Intercept: 11.9 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-219
- Project
- Green Bay
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Grade
- 6
- Grade Unit
- %
- Intercept
- 11.9 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
- Group ID
- MUG25-219:0-11.9
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 8.1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptionally high copper grade over a good width, indicating a bonanza zone, which is highly material for the project.
Positive factors
- Exceptional copper grade for a VMS deposit.
- Good intercept length.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“11.9m @ 8.1% CuEq (6.0% Cu & 2.3g/t Au)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-219Green Bay · goldGrade: 2.3Grade Unit: g/tIntercept: 11.9 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-219
- Project
- Green Bay
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Grade
- 2.3
- Grade Unit
- g/t
- Intercept
- 11.9 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
- Group ID
- MUG25-219:0-11.9
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 8.1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows a strong gold grade over a good width, contributing significantly to the overall high-grade CuEq, which is highly material for the project.
Positive factors
- Strong gold grade for a VMS deposit.
- Good intercept length.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“11.9m @ 8.1% CuEq (6.0% Cu & 2.3g/t Au)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-187Green Bay · copperGrade: 4.4Grade Unit: %Intercept: 25.7 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-187
- Project
- Green Bay
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Grade
- 4.4
- Grade Unit
- %
- Intercept
- 25.7 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
- Group ID
- MUG25-187:0-25.7
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 7.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptionally high copper grade over a strong width, indicating a bonanza zone, which is highly material for the project.
Positive factors
- Exceptional copper grade for a VMS deposit.
- Strong intercept length.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“25.7m @ 7.8% CuEq (4.4% Cu & 3.5g/t Au)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-187Green Bay · goldGrade: 3.5Grade Unit: g/tIntercept: 25.7 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-187
- Project
- Green Bay
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Grade
- 3.5
- Grade Unit
- g/t
- Intercept
- 25.7 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
- Group ID
- MUG25-187:0-25.7
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 7.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptionally high gold grade over a strong width, contributing significantly to the overall high-grade CuEq, which is highly material for the project.
Positive factors
- Exceptional gold grade for a VMS deposit.
- Strong intercept length.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“25.7m @ 7.8% CuEq (4.4% Cu & 3.5g/t Au)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-206Green Bay · copperGrade: 4.3Grade Unit: %Intercept: 16.3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-206
- Project
- Green Bay
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Grade
- 4.3
- Grade Unit
- %
- Intercept
- 16.3 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
- Group ID
- MUG25-206:0-16.3
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 7.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptionally high copper grade over a good width, indicating a bonanza zone, which is highly material for the project.
Positive factors
- Exceptional copper grade for a VMS deposit.
- Good intercept length.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“16.3m @ 7.7% CuEq (4.3% Cu & 3.5g/t Au)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-206Green Bay · goldGrade: 3.5Grade Unit: g/tIntercept: 16.3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-206
- Project
- Green Bay
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Grade
- 3.5
- Grade Unit
- g/t
- Intercept
- 16.3 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
- Group ID
- MUG25-206:0-16.3
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 7.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptionally high gold grade over a good width, contributing significantly to the overall high-grade CuEq, which is highly material for the project.
Positive factors
- Exceptional gold grade for a VMS deposit.
- Good intercept length.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“16.3m @ 7.7% CuEq (4.3% Cu & 3.5g/t Au)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
MUG25-254Green Bay · copperIntercept: 4.4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MUG25-254
- Project
- Green Bay
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Intercept
- 4.4 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
Location
- Location
- Upper Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 11.3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-04-08T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptionally high CuEq grade, indicating a bonanza zone, though over a narrow width, which is material for the project.
Positive factors
- Exceptional metal equivalent grade for a VMS deposit.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
- Narrow intercept length.
Evidence · text
“4.4m @ 11.3% CuEq in hole MUG25-254”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Fact 14Green Bay · copperIntercept: 49 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Green Bay
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- FFM
Geometry
- Intercept
- 49 m
Classification
- Deposit Type
- vms
- Program
- mixed
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 6.1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-10-16T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: This historical drill intercept shows an exceptionally high CuEq grade over a significant length, indicating strong continuity at depth, which is highly material for the project.
Positive factors
- Exceptional metal equivalent grade for a VMS deposit.
- Strong intercept length, indicating good continuity.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical drill result, reducing novelty.
Evidence · text
“49.0m @ 6.1% CuEq”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Resource Estimates (27)
measuredGreen Bay Copper-Gold Project (Ming Deposit) · copperTonnes: 6300000Grade: 1.5Grade Unit: %Contained Metal: 94Contained Unit: ktView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Ming Deposit)
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:7bc861fa656ee8258e59
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- measured
- Tonnes
- 6300000
- Grade
- 1.5
- Grade Unit
- %
- Contained Metal
- 94
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % 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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Measured resource for copper at Ming Deposit is a high-confidence estimate with a strong grade, supporting project viability, though it is a re-stated historical figure.
Positive factors
- High confidence Measured category resource.
- Strong copper grade for a VMS deposit.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical estimate, reducing novelty.
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 (Ming Deposit) · goldTonnes: 6300000Grade: 0.3Grade Unit: g/tContained Metal: 50Contained Unit: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Ming Deposit)
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:7bc861fa656ee8258e59
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- measured
- Tonnes
- 6300000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 50
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % 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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Measured resource for gold at Ming Deposit is a high-confidence estimate, but the grade is moderate, and it is a re-stated historical figure.
Positive factors
- High confidence Measured category resource.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Gold grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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 (Ming Deposit) · silverTonnes: 6300000Grade: 1.9Grade Unit: g/tContained Metal: 388Contained Unit: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Ming Deposit)
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:7bc861fa656ee8258e59
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- measured
- Tonnes
- 6300000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 388
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % 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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Measured resource for silver at Ming Deposit is a high-confidence estimate, but the grade is moderate, and it is a re-stated historical figure.
Positive factors
- High confidence Measured category resource.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Silver grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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 (Ming Deposit) · copperTonnes: 41200000Grade: 1.7Grade Unit: %Contained Metal: 708Contained Unit: ktView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Ming Deposit)
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:930130dc75a354d858b3
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- indicated
- Tonnes
- 41200000
- Grade
- 1.7
- Grade Unit
- %
- Contained Metal
- 708
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % 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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Indicated resource for copper at Ming Deposit shows a strong grade, supporting project viability, though it is a re-stated historical figure.
Positive factors
- Strong copper grade for a VMS deposit.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical estimate, reducing novelty.
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
indicatedGreen Bay Copper-Gold Project (Ming Deposit) · goldTonnes: 41200000Grade: 0.4Grade Unit: g/tContained Metal: 488Contained Unit: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Ming Deposit)
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:930130dc75a354d858b3
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- indicated
- Tonnes
- 41200000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 488
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % 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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Indicated resource for gold at Ming Deposit shows a moderate grade, and it is a re-stated historical figure.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Gold grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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
indicatedGreen Bay Copper-Gold Project (Ming Deposit) · silverTonnes: 41200000Grade: 3.2Grade Unit: g/tContained Metal: 4320Contained Unit: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Ming Deposit)
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:930130dc75a354d858b3
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- indicated
- Tonnes
- 41200000
- Grade
- 3.2
- Grade Unit
- g/t
- Contained Metal
- 4320
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % 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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Indicated resource for silver at Ming Deposit shows a moderate grade, and it is a re-stated historical figure.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Silver grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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
inferredGreen Bay Copper-Gold Project (Ming Deposit) · copperTonnes: 23100000Grade: 2Grade Unit: %Contained Metal: 456Contained Unit: ktView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Ming Deposit)
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:256a564fa3c29361f5d4
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- inferred
- Tonnes
- 23100000
- Grade
- 2
- Grade Unit
- %
- Contained Metal
- 456
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % 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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Inferred resource for copper at Ming Deposit shows a strong grade, indicating potential, but its lower confidence category and historical nature reduce its immediate impact.
Positive factors
- Strong copper grade for a VMS deposit.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Inferred category has lower geological confidence.
- This is a historical estimate, reducing novelty.
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
inferredGreen Bay Copper-Gold Project (Ming Deposit) · goldTonnes: 23100000Grade: 0.7Grade Unit: g/tContained Metal: 553Contained Unit: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Ming Deposit)
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:256a564fa3c29361f5d4
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- inferred
- Tonnes
- 23100000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 553
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % 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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Inferred resource for gold at Ming Deposit shows a moderate grade, but its lower confidence category and historical nature reduce its immediate impact.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Inferred category has lower geological confidence.
- Gold grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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
inferredGreen Bay Copper-Gold Project (Ming Deposit) · silverTonnes: 23100000Grade: 5.9Grade Unit: g/tContained Metal: 4379Contained Unit: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Ming Deposit)
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:256a564fa3c29361f5d4
- Deposit or zone
- Ming Deposit
Resource Data
- Category
- inferred
- Tonnes
- 23100000
- Grade
- 5.9
- Grade Unit
- g/t
- Contained Metal
- 4379
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % 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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Inferred resource for silver at Ming Deposit shows a moderate grade, but its lower confidence category and historical nature reduce its immediate impact.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Inferred category has lower geological confidence.
- Silver grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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
indicatedGreen Bay Copper-Gold Project (Little Deer) · copperTonnes: 2900000Grade: 2.1Grade Unit: %Contained Metal: 62Contained Unit: ktView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Little Deer)
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2024-06-26T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:bf7b6a14ae8946fd57ef
- Deposit or zone
- Little Deer
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 2.1
- Grade Unit
- %
- Contained Metal
- 62
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Metal Eq. Grade
- 2.3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Indicated resource for copper at Little Deer shows a strong grade, supporting project viability, though it is a re-stated historical figure.
Positive factors
- Strong copper grade for a VMS deposit.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical estimate, reducing novelty.
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
indicatedGreen Bay Copper-Gold Project (Little Deer) · goldTonnes: 2900000Grade: 0.1Grade Unit: g/tContained Metal: 9Contained Unit: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Little Deer)
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2024-06-26T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:bf7b6a14ae8946fd57ef
- Deposit or zone
- Little Deer
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Metal Eq. Grade
- 2.3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Indicated resource for gold at Little Deer shows a weak grade, and it is a re-stated historical figure.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Gold grade is weak for a VMS deposit.
- This is a historical estimate, reducing novelty.
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
indicatedGreen Bay Copper-Gold Project (Little Deer) · silverTonnes: 2900000Grade: 3.4Grade Unit: g/tContained Metal: 320Contained Unit: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Little Deer)
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2024-06-26T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:bf7b6a14ae8946fd57ef
- Deposit or zone
- Little Deer
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 3.4
- Grade Unit
- g/t
- Contained Metal
- 320
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Metal Eq. Grade
- 2.3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Indicated resource for silver at Little Deer shows a weak grade, and it is a re-stated historical figure.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Silver grade is weak for a VMS deposit.
- This is a historical estimate, reducing novelty.
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
inferredGreen Bay Copper-Gold Project (Little Deer) · copperTonnes: 6200000Grade: 1.8Grade Unit: %Contained Metal: 110Contained Unit: ktView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Little Deer)
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2024-06-26T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:3a29e652377994e717bb
- Deposit or zone
- Little Deer
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 1.8
- Grade Unit
- %
- Contained Metal
- 110
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Inferred resource for copper at Little Deer shows a strong grade, indicating potential, but its lower confidence category and historical nature reduce its immediate impact.
Positive factors
- Strong copper grade for a VMS deposit.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Inferred category has lower geological confidence.
- This is a historical estimate, reducing novelty.
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
inferredGreen Bay Copper-Gold Project (Little Deer) · goldTonnes: 6200000Grade: 0.1Grade Unit: g/tContained Metal: 10Contained Unit: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Little Deer)
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2024-06-26T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:3a29e652377994e717bb
- Deposit or zone
- Little Deer
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Inferred resource for gold at Little Deer shows a weak grade, and its lower confidence category and historical nature reduce its immediate impact.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Inferred category has lower geological confidence.
- Gold grade is weak for a VMS deposit.
- This is a historical estimate, reducing novelty.
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
inferredGreen Bay Copper-Gold Project (Little Deer) · silverTonnes: 6200000Grade: 2.2Grade Unit: g/tContained Metal: 430Contained Unit: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project (Little Deer)
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2024-06-26T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:3a29e652377994e717bb
- Deposit or zone
- Little Deer
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 430
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-06-26
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The Inferred resource for silver at Little Deer shows a weak grade, and its lower confidence category and historical nature reduce its immediate impact.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Inferred category has lower geological confidence.
- Silver grade is weak for a VMS deposit.
- This is a historical estimate, reducing novelty.
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: ktView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:17e598522f4335dc4789
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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The total Measured resource for copper at Green Bay is a high-confidence estimate with a strong grade, supporting project viability, though it is a re-stated historical figure.
Positive factors
- High confidence Measured category resource.
- Strong copper grade for a VMS deposit.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical estimate, reducing novelty.
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: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:17e598522f4335dc4789
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
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The total Measured resource for gold at Green Bay is a high-confidence estimate, but the grade is moderate, and it is a re-stated historical figure.
Positive factors
- High confidence Measured category resource.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Gold grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:17e598522f4335dc4789
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
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The total Measured resource for silver at Green Bay is a high-confidence estimate, but the grade is moderate, and it is a re-stated historical figure.
Positive factors
- High confidence Measured category resource.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Silver grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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: ktView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:2fc5df17af49fce5e087
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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The total Indicated resource for copper at Green Bay shows a strong grade, supporting project viability, though it is a re-stated historical figure.
Positive factors
- Strong copper grade for a VMS deposit.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- This is a historical estimate, reducing novelty.
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: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:2fc5df17af49fce5e087
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
- Metal Eq. Grade
- 2.1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The total Indicated resource for gold at Green Bay shows a moderate grade, and it is a re-stated historical figure.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Gold grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:2fc5df17af49fce5e087
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
- Metal Eq. Grade
- 2.1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The total Indicated resource for silver at Green Bay shows a moderate grade, and it is a re-stated historical figure.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Silver grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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: ktView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:5ebbea9eb74a8cc086af
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
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The total Inferred resource for copper at Green Bay shows a strong grade, indicating potential, but its lower confidence category and historical nature reduce its immediate impact.
Positive factors
- Strong copper grade for a VMS deposit.
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Inferred category has lower geological confidence.
- This is a historical estimate, reducing novelty.
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: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:5ebbea9eb74a8cc086af
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
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The total Inferred resource for gold at Green Bay shows a moderate grade, but its lower confidence category and historical nature reduce its immediate impact.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Inferred category has lower geological confidence.
- Gold grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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: kozView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-18T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:5ebbea9eb74a8cc086af
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
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The total Inferred resource for silver at Green Bay shows a moderate grade, but its lower confidence category and historical nature reduce its immediate impact.
Positive factors
- Metal equivalent assumptions are fully disclosed.
Negative factors
- Inferred category has lower geological confidence.
- Silver grade is moderate for a VMS deposit.
- This is a historical estimate, reducing novelty.
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
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
- Effective date
- 2024-11-29T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr Juan Gutierrez
- Resource group id
- resource:8fcf449acc704f6a798f
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
- 2026-04-29T00:00:00.000Z
Reasoning: The Inferred gold resource at Pickle Crow is high-grade but is a historical estimate for a project that has been divested, making it less material to FireFly's current operations.
Positive factors
- High gold grade for an Inferred resource.
Negative factors
- Resource is in the Inferred category, indicating lower confidence.
- This is a historical estimate for a divested asset, reducing its relevance to the current company.
- Cut-off grade not disclosed in this document.
Evidence · text
“The Inferred Mineral Resource stands at 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
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
Fact 26Pickle Crow Gold ProjectView all detailsHide details
Identity
- Project
- Pickle Crow Gold Project
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- FFM
Resource scope
- Resource group id
- resource:38fd82bbcd288caacfcb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The completed sale of the Ontario Gold Assets is a significant strategic move, allowing FireFly to focus on its core Green Bay project while providing immediate and potential future value to shareholders.
Positive factors
- Strategic divestment of non-core assets streamlines the company's focus.
- Transaction completed, providing clear value for shareholders through in-specie distribution.
- Performance rights provide potential future upside based on Bellavista's milestones.
Evidence · text
“FireFly agreed to sell its Ontario Gold Assets – comprising its 70% interest in the Pickle Crow Gold Project and 100% of the Sioux Lookout Project – to ASX-listed Bellavista Resources Ltd (ASX: BVR) ( Bellavista ) for total scrip consideration, with eligible FireFly shareholders to receive Bellavista shares via an in-specie distribution (see ASX announcement dated 2 February 2026)”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 27Sioux Lookout ProjectView all detailsHide details
Identity
- Project
- Sioux Lookout Project
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- FFM
Resource scope
- Resource group id
- resource:ff5201a4ded1df5de205
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: The completed sale of the Ontario Gold Assets is a significant strategic move, allowing FireFly to focus on its core Green Bay project while providing immediate and potential future value to shareholders.
Positive factors
- Strategic divestment of non-core assets streamlines the company's focus.
- Transaction completed, providing clear value for shareholders through in-specie distribution.
- Performance rights provide potential future upside based on Bellavista's milestones.
Evidence · text
“FireFly agreed to sell its Ontario Gold Assets – comprising its 70% interest in the Pickle Crow Gold Project and 100% of the Sioux Lookout Project – to ASX-listed Bellavista Resources Ltd (ASX: BVR) ( Bellavista ) for total scrip consideration, with eligible FireFly shareholders to receive Bellavista shares via an in-specie distribution (see ASX announcement dated 2 February 2026)”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (2)
conventional processingGreen Bay Copper-Gold Project · copperRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Test Work
- Program Status
- detailed
- Test Type
- conventional processing
- Processing Route
- conventional processing, optimised flowsheet
Recovery
- Recovery
- 98 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-05T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: Historical metallurgical testwork shows excellent copper recoveries with a conventional and optimized flowsheet, which is highly positive for project economics, though the results are not new.
Positive factors
- High recovery for copper, indicating efficient processing.
- Conventional processing route suggests lower technical risk.
- Significant improvement to historical recoveries.
Negative factors
- This is a historical metallurgical result, reducing novelty.
Evidence · text
“copper recoveries averaging above 98%”
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 98% is at or above the exceptional band (92%)
conventional processingGreen Bay Copper-Gold Project · goldRecovery: 85 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Green Bay Copper-Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland and Labrador, Canada
- Ticker
- FFM
Test Work
- Program Status
- detailed
- Test Type
- conventional processing
- Processing Route
- conventional processing, optimised flowsheet
Recovery
- Recovery
- 85 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-05T00:00:00.000Z
Dates
- Event date
- 2026-04-29T00:00:00.000Z
Reasoning: Historical metallurgical testwork shows strong gold recoveries with a conventional and optimized flowsheet, which is positive for project economics, though the results are not new.
Positive factors
- Strong recovery for gold, indicating efficient processing.
- Conventional processing route suggests lower technical risk.
- Significant improvement to historical recoveries.
Negative factors
- This is a historical metallurgical result, reducing novelty.
Evidence · text
“gold recoveries exceeding 85%”
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.