# Outstanding drilling results from high-grade core to drive impending resource update and economic assessment Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa Original source: https://money.tmx.com/en/quote/FFM/news/6693635395905190/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up Publisher: tmx Original announcement: 2026-04-29T23:17:12.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: FireFly Metals Ltd - Ticker: FFM - Exchange: TSX - Region: Newfoundland 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant Measured & Indicated resource base for copper, gold, and silver at Green Bay, supporting economic studies. - Positive factor: High-grade drill intercepts confirm continuity and potential for resource conversion and expansion. - Positive factor: Metallurgical testwork indicates high recoveries for copper and gold with conventional processing. - Positive factor: Strategic divestment of non-core gold assets streamlines portfolio and unlocks value for shareholders. - Positive factor: Advancement of permitting and economic studies \(PEA/Scoping Study\) indicates progress towards development. - Negative factor: Drill results reported are historical, having been announced in a prior release, reducing novelty. - Negative factor: The Pickle Crow resource estimate is historical and for a divested asset, not directly contributing to current project value. - Negative factor: 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 Compliant** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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 Disclosed** Polarity: positive Definition: 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 Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: 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-release** Polarity: negative Definition: 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 Only** Polarity: negative Definition: 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 Disclosed** Polarity: positive Definition: 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 Recovery** Polarity: positive Story-specific tag Definition: 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 Improving** Polarity: positive Story-specific tag Definition: 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 Resource** Polarity: neutral Definition: 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 Update** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Route** Polarity: neutral Definition: 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) ### MUG25-096 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-25) Green Bay · copper Historical result Needs review: historical\_restatement #### 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 factor: Exceptional copper grade for a VMS deposit. - Positive factor: Strong intercept length, indicating good continuity. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-096 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-26) Green Bay · gold Historical result Needs review: historical\_restatement #### 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 factor: Strong intercept length, indicating good continuity. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Gold grade is moderate for a VMS deposit. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-096 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-27) Green Bay · copper Historical result Needs review: historical\_restatement #### 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 factor: Exceptional metal equivalent grade for a VMS deposit. - Positive factor: Significant intercept length for a sub-interval. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: This is a historical drill result, reducing novelty. Evidence · text > 19.2m @ 7.5% CuEq #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-209 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-28) Green Bay · copper Historical result Needs review: historical\_restatement #### 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 factor: Exceptional copper grade for a VMS deposit. - Positive factor: Strong intercept length, indicating good continuity. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-209 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-29) Green Bay · gold Historical result Needs review: historical\_restatement #### 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 factor: Strong intercept length, indicating good continuity. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Gold grade is moderate for a VMS deposit. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-209 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-30) Green Bay · copper Historical result Needs review: historical\_restatement #### 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 factor: Exceptional metal equivalent grade for a VMS deposit. - Positive factor: Significant intercept length for a sub-interval. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: This is a historical drill result, reducing novelty. Evidence · text > 18.2m @ 5.8% CuEq #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-219 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-31) Green Bay · copper Historical result Needs review: historical\_restatement #### 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 factor: Exceptional copper grade for a VMS deposit. - Positive factor: Good intercept length. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-219 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-32) Green Bay · gold Historical result Needs review: historical\_restatement #### 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 factor: Strong gold grade for a VMS deposit. - Positive factor: Good intercept length. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-187 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-33) Green Bay · copper Historical result Needs review: historical\_restatement #### 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 factor: Exceptional copper grade for a VMS deposit. - Positive factor: Strong intercept length. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-187 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-34) Green Bay · gold Historical result Needs review: historical\_restatement #### 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 factor: Exceptional gold grade for a VMS deposit. - Positive factor: Strong intercept length. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-206 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-35) Green Bay · copper Historical result Needs review: historical\_restatement #### 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 factor: Exceptional copper grade for a VMS deposit. - Positive factor: Good intercept length. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-206 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-36) Green Bay · gold Historical result Needs review: historical\_restatement #### 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 factor: Exceptional gold grade for a VMS deposit. - Positive factor: Good intercept length. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MUG25-254 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-37) Green Bay · copper Historical result Needs review: historical\_restatement #### 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 factor: Exceptional metal equivalent grade for a VMS deposit. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: This is a historical drill result, reducing novelty. - Negative factor: Narrow intercept length. Evidence · text > 4.4m @ 11.3% CuEq in hole MUG25-254 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### Fact 14 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-drill-facts-38) Green Bay · copper Historical result Needs review: drill\_no\_hole\_id #### 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 factor: Exceptional metal equivalent grade for a VMS deposit. - Positive factor: Strong intercept length, indicating good continuity. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: This is a historical drill result, reducing novelty. Evidence · text > 49.0m @ 6.1% CuEq #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ## Resource Estimates (27) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-0) Green Bay Copper-Gold Project \(Ming Deposit\) · copper #### 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 factor: High confidence Measured category resource. - Positive factor: Strong copper grade for a VMS deposit. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 1.5 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-1) Green Bay Copper-Gold Project \(Ming Deposit\) · gold #### 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 factor: High confidence Measured category resource. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Gold grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 0.3 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-2) Green Bay Copper-Gold Project \(Ming Deposit\) · silver #### 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 factor: High confidence Measured category resource. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Silver grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 1.9 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-3) Green Bay Copper-Gold Project \(Ming Deposit\) · copper #### 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 factor: Strong copper grade for a VMS deposit. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 1.7 Context: 41.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-4) Green Bay Copper-Gold Project \(Ming Deposit\) · gold #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Gold grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 0.4 Context: 41.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-5) Green Bay Copper-Gold Project \(Ming Deposit\) · silver #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Silver grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 3.2 Context: 41.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-6) Green Bay Copper-Gold Project \(Ming Deposit\) · copper #### 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 factor: Strong copper grade for a VMS deposit. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Inferred category has lower geological confidence. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 2.0 Context: 23.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-7) Green Bay Copper-Gold Project \(Ming Deposit\) · gold #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Gold grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 0.7 Context: 23.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-8) Green Bay Copper-Gold Project \(Ming Deposit\) · silver #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Silver grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 5.9 Context: 23.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-9) Green Bay Copper-Gold Project \(Little Deer\) · copper #### 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 factor: Strong copper grade for a VMS deposit. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 2.1 Context: 2.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-10) Green Bay Copper-Gold Project \(Little Deer\) · gold #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Gold grade is weak for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 0.1 Context: 2.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-11) Green Bay Copper-Gold Project \(Little Deer\) · silver #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Silver grade is weak for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 3.4 Context: 2.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-12) Green Bay Copper-Gold Project \(Little Deer\) · copper #### 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 factor: Strong copper grade for a VMS deposit. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Inferred category has lower geological confidence. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 1.8 Context: 6.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-13) Green Bay Copper-Gold Project \(Little Deer\) · gold #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Gold grade is weak for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 0.1 Context: 6.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-14) Green Bay Copper-Gold Project \(Little Deer\) · silver #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Silver grade is weak for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 2.2 Context: 6.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-15) Green Bay Copper-Gold Project · copper #### 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 factor: High confidence Measured category resource. - Positive factor: Strong copper grade for a VMS deposit. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 1.5 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-16) Green Bay Copper-Gold Project · gold #### 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 factor: High confidence Measured category resource. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Gold grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 0.3 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-17) Green Bay Copper-Gold Project · silver #### 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 factor: High confidence Measured category resource. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Silver grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 1.9 Context: 6.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-18) Green Bay Copper-Gold Project · copper #### 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 factor: Strong copper grade for a VMS deposit. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 1.7 Context: 44.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-19) Green Bay Copper-Gold Project · gold #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Gold grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 0.4 Context: 44.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-20) Green Bay Copper-Gold Project · silver #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Silver grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 3.3 Context: 44.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-21) Green Bay Copper-Gold Project · copper #### 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 factor: Strong copper grade for a VMS deposit. - Positive factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Inferred category has lower geological confidence. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 1.9 Context: 29.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-22) Green Bay Copper-Gold Project · gold #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Gold grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 0.6 Context: 29.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-23) Green Bay Copper-Gold Project · silver #### 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 factor: Metal equivalent assumptions are fully disclosed. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Silver grade is moderate for a VMS deposit. - Negative factor: This is a historical estimate, reducing novelty. Evidence · table > 5.1 Context: 29.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-24) Pickle Crow Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pickle Crow Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario, Canada - Ticker: FFM #### Resource scope - Estimate type: resource - 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 factor: High gold grade for an Inferred resource. - Negative factor: Resource is in the Inferred category, indicating lower confidence. - Negative factor: This is a historical estimate for a divested asset, reducing its relevance to the current company. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### Fact 26 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-41) Pickle Crow Gold Project #### 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 factor: Strategic divestment of non-core assets streamlines the company's focus. - Positive factor: Transaction completed, providing clear value for shareholders through in-specie distribution. - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 27 [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-resource-facts-42) Sioux Lookout Project #### 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 factor: Strategic divestment of non-core assets streamlines the company's focus. - Positive factor: Transaction completed, providing clear value for shareholders through in-specie distribution. - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## Metallurgical Results (2) ### conventional processing [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-metallurgical-facts-39) Green Bay Copper-Gold Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Green Bay Copper-Gold Project - Commodity: copper - Region: canada\_nl - Reported Region: Newfoundland 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 factor: High recovery for copper, indicating efficient processing. - Positive factor: Conventional processing route suggests lower technical risk. - Positive factor: Significant improvement to historical recoveries. - Negative factor: This is a historical metallurgical result, reducing novelty. Evidence · text > copper recoveries averaging above 98% #### Tags used in scoring **High Recovery** Polarity: positive Definition: 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 processing [Link to this fact](https://atlas-extractions.minestarters.com/news/outstanding-drilling-results-from-high-grade-core-to-drive-impending-resource-up--298a97c9-9925-40bd-a9af-c09e2b9452fa#fact-metallurgical-facts-40) Green Bay Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Green Bay Copper-Gold Project - Commodity: gold - Region: canada\_nl - Reported Region: Newfoundland 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 factor: Strong recovery for gold, indicating efficient processing. - Positive factor: Conventional processing route suggests lower technical risk. - Positive factor: Significant improvement to historical recoveries. - Negative factor: 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.