Green Bay's Drilling Success: A New Era for Copper-Gold Mining

The Green Bay Copper-Gold Project, operated by FireFly Metals Ltd, has recently made headlines with its exceptional drilling results. The aggressive six-rig drilling campaign has not only extended known mineralization but also upgraded Inferred Resources to the more valuable Measured & Indicated categories. This strategic move is set to unlock significant value for the project, positioning it as a global-scale operation in a tier-one location.

The latest drilling results from the Ming Mine within the Green Bay Project have been nothing short of spectacular. High-grade intersections, such as "10.7m @ 12.2% CuEq (9.0% Cu & 3.9g/t Au) in hole MUG24-095" and "17.3m @ 7.4% CuEq (7.0% Cu & 0.4g/t Au) in hole MUG24-089," have been reported. These results are part of a broader strategy to create value by extending known mineralization, upgrading Inferred Resources, and making new discoveries.

The current Mineral Resource at Green Bay stands at 24.4Mt at 1.9% CuEq in the Measured & Indicated category and 34.5Mt at 2% CuEq in the Inferred category. The latest drilling results are expected to significantly increase the quantity of Measured and Indicated Resources in the next update. This upgrade is crucial because higher-confidence Resources typically attract increased valuations and can be used to underpin mining studies, demonstrating the production and cash flow potential of the project.

The implications of these results for the project's future valuation and shareholder confidence are substantial. The aggressive drilling campaign, which includes six rigs, is aimed at establishing Green Bay as a global-scale project in a tier-one location. This standing is expected to drive substantial growth for shareholders. FireFly Metals Ltd remains well-funded for its accelerated growth strategy with ~A$84.1M in cash, receivables, and liquid investments at 31 December 2024, which further supports the confidence in the project's future.



The key factors driving FireFly Metals Ltd's decision to employ a six-rig drilling campaign are multifaceted. The primary goal is to extend known mineralization, as evidenced by the high-grade results obtained from drilling at the Ming Mine. Additionally, the campaign aims to upgrade Inferred Resources to the more valuable Measured & Indicated categories, which typically attract significantly higher comparative valuations. The drilling campaign is also designed to make new discoveries, supported by ongoing surface exploration drilling and geophysics.

The overall strategy is aimed at creating significant shareholder value. As stated by FireFly Metals Ltd, "FireFly’s decision to employ six rigs at Green Bay reflects our strong belief in the immense value which stands to be created by growing and upgrading the resource." This aggressive drilling campaign is aimed at establishing Green Bay as a global-scale project, which is expected to drive substantial growth for shareholders.

The drilling campaign is also designed to support future resource updates and mining studies. For example, the latest exceptional assays from drilling at the Ming Mine will form part of the next Mineral Resource update. Additionally, infill drilling has commenced with the aim of creating value by converting Inferred Resources to the Measured and Indicated categories for inclusion in future mining studies.

In conclusion, the exceptional drilling results at the Green Bay Copper-Gold Project are a testament to FireFly Metals Ltd's strategic vision and execution. The six-rig drilling campaign is a multi-faceted strategy that aims to extend known mineralization, upgrade Inferred Resources to Measured & Indicated, make new discoveries, and create shareholder value. This aligns with FireFly Metals Ltd's overall growth objectives for 2025, which include establishing Green Bay as a global-scale project and driving substantial growth for shareholders. The future looks bright for the Green Bay Copper-Gold Project, and investors are taking notice.