FireFly Metals Ltd (FFM) Reports High-Grade Drilling Outside Current Resource
1 min read
FireFly reported Ming Mine intersections outside the August 2026 Mineral Resource, including 16.4m at 9.2% CuEq. The results will inform an updated resource planned for Q1 2027 and a Feasibility Study targeted for late Q1 2027.
Material Details
| # | Detail | AI Analyst View |
|---|---|---|
| 1 | Outside-resource result: 16.4m at 9.2% CuEq | Lateral extensions could add high-grade material to the mine plan, but resource inclusion and economic value remain to be established. |
| 2 | Infill result: 9.8m at 14.2% CuEq | Infill results support potential conversion of Inferred resources to higher-confidence M&I categories; the release reports consistency with estimates. |
| 3 | Updated MRE planned for Q1 2027 | The estimate will incorporate drilling since August 2026 and underpin the Feasibility Study. |
| 4 | Feasibility Study targeted for late Q1 2027 | The study is a key step toward a development decision; timing remains a company target. |
| 5 | A$349.7M cash and liquid investments, unaudited | Provides funding visibility for drilling, studies and early works; no prior-period comparison was prov...

