FFM: Independent Technical Report for PEA and Resource Update

Original announcement by asx on

Company
FireFly Metals Ltd
Ticker
FFM
Exchange
ASX
Region
Newfoundland, Canada
Primary commodity
Copper
Secondary commodities
Gold, Silver
Document categories
Resource update, Other
Extracted
2026-09-23 00:31:19 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

FireFly Metals has released an Independent Technical Report for the Green Bay Copper-Gold Project, supporting its Preliminary Economic Assessment. The report confirms a combined Measured and Indicated resource of 60.2Mt at 2.43% CuEq.

Reasoning: The release provides a formal technical report for a recently updated resource estimate, confirming the scale of the Green Bay project.

Positive factors

  • Large M&I resource base
  • High-grade copper equivalent
  • Compliance with JORC and NI 43-101

Negative factors

  • Low novelty as results were first reported in August 2026

Facts used in scoring: 15

Classification and evidence

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The technical report is prepared in accordance with NI 43-101 standards.

Evidence · text

“Technical Report required by Canadian National Instrument NI43-101”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate is prepared in accordance with the JORC Code (2012 Edition).

Evidence · text

“prepared and disclosed in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code (2012 Edition))”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Mr Juan Gutierrez, a Qualified Person as defined by NI 43-101, has reviewed and approved the disclosure.

Evidence · text

“Mr Juan Gutierrez... a Qualified Person as defined by NI 43-101, has reviewed and approved the scientific and technical disclosure”

Extracted facts

Stored fact records: 15. Some facts used in scoring do not have a stored record.

Resource Estimates (15)

measuredGreen Bay Copper-Gold Project · copperTonnes: 3500000Grade: 1.5Grade Unit: %Contained Metal: 52000Contained Unit: ktView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
copper
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:1ba8f1690eb7065a6a65
Deposit or zone
Ming Deposit

Resource Data

Category
measured
Tonnes
3500000
Grade
1.5
Grade Unit
%
Contained Metal
52000
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Measured resource component of the Ming Deposit.

Evidence · table

“1.5”

Context: 3.5

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

measuredGreen Bay Copper-Gold Project · goldTonnes: 3500000Grade: 0.2Grade Unit: g/tContained Metal: 20000Contained Unit: ozView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:1ba8f1690eb7065a6a65
Deposit or zone
Ming Deposit

Resource Data

Category
measured
Tonnes
3500000
Grade
0.2
Grade Unit
g/t
Contained Metal
20000
Contained Unit
oz
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Measured gold component of the Ming Deposit.

Evidence · table

“0.2”

Context: 3.5

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

measuredGreen Bay Copper-Gold Project · silverTonnes: 3500000Grade: 1.3Grade Unit: g/tContained Metal: 147000Contained Unit: ozView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
silver
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:1ba8f1690eb7065a6a65
Deposit or zone
Ming Deposit

Resource Data

Category
measured
Tonnes
3500000
Grade
1.3
Grade Unit
g/t
Contained Metal
147000
Contained Unit
oz
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Measured silver component of the Ming Deposit.

Evidence · table

“1.3”

Context: 3.5

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGreen Bay Copper-Gold Project · copperTonnes: 53800000Grade: 1.9Grade Unit: %Contained Metal: 1041000Contained Unit: tView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
copper
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:acef892f7b2aadc1fcd7
Deposit or zone
Ming Deposit

Resource Data

Category
indicated
Tonnes
53800000
Grade
1.9
Grade Unit
%
Contained Metal
1041000
Contained Unit
t
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Indicated copper component of the Ming Deposit.

Evidence · table

“1.9”

Context: 53.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGreen Bay Copper-Gold Project · goldTonnes: 53800000Grade: 0.5Grade Unit: g/tContained Metal: 878000Contained Unit: ozView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:acef892f7b2aadc1fcd7
Deposit or zone
Ming Deposit

Resource Data

Category
indicated
Tonnes
53800000
Grade
0.5
Grade Unit
g/t
Contained Metal
878000
Contained Unit
oz
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Indicated gold component of the Ming Deposit.

Evidence · table

“0.5”

Context: 53.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGreen Bay Copper-Gold Project · silverTonnes: 53800000Grade: 4.5Grade Unit: g/tContained Metal: 7707000Contained Unit: ozView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
silver
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:acef892f7b2aadc1fcd7
Deposit or zone
Ming Deposit

Resource Data

Category
indicated
Tonnes
53800000
Grade
4.5
Grade Unit
g/t
Contained Metal
7707000
Contained Unit
oz
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Indicated silver component of the Ming Deposit.

Evidence · table

“4.5”

Context: 53.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredGreen Bay Copper-Gold Project · copperTonnes: 17300000Grade: 2Grade Unit: %Contained Metal: 344000Contained Unit: tView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
copper
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:8d47c6ea0d4910b21694
Deposit or zone
Ming Deposit

Resource Data

Category
inferred
Tonnes
17300000
Grade
2
Grade Unit
%
Contained Metal
344000
Contained Unit
t
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Inferred copper component of the Ming Deposit.

Evidence · table

“2.0”

Context: 17.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredGreen Bay Copper-Gold Project · goldTonnes: 17300000Grade: 0.7Grade Unit: g/tContained Metal: 404000Contained Unit: ozView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:8d47c6ea0d4910b21694
Deposit or zone
Ming Deposit

Resource Data

Category
inferred
Tonnes
17300000
Grade
0.7
Grade Unit
g/t
Contained Metal
404000
Contained Unit
oz
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Inferred gold component of the Ming Deposit.

Evidence · table

“0.7”

Context: 17.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredGreen Bay Copper-Gold Project · silverTonnes: 17300000Grade: 6.3Grade Unit: g/tContained Metal: 3522000Contained Unit: ozView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
silver
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:8d47c6ea0d4910b21694
Deposit or zone
Ming Deposit

Resource Data

Category
inferred
Tonnes
17300000
Grade
6.3
Grade Unit
g/t
Contained Metal
3522000
Contained Unit
oz
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Inferred silver component of the Ming Deposit.

Evidence · table

“6.3”

Context: 17.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGreen Bay Copper-Gold Project · copperTonnes: 2900000Grade: 2.1Grade Unit: %Contained Metal: 62000Contained Unit: tView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
copper
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:7197f1182f5578ae7869
Deposit or zone
Little Deer

Resource Data

Category
indicated
Tonnes
2900000
Grade
2.1
Grade Unit
%
Contained Metal
62000
Contained Unit
t
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Indicated copper component of the Little Deer Deposit.

Evidence · table

“2.1”

Context: 2.9

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGreen Bay Copper-Gold Project · goldTonnes: 2900000Grade: 0.1Grade Unit: g/tContained Metal: 9000Contained Unit: ozView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:7197f1182f5578ae7869
Deposit or zone
Little Deer

Resource Data

Category
indicated
Tonnes
2900000
Grade
0.1
Grade Unit
g/t
Contained Metal
9000
Contained Unit
oz
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Indicated gold component of the Little Deer Deposit.

Evidence · table

“0.1”

Context: 2.9

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedGreen Bay Copper-Gold Project · silverTonnes: 2900000Grade: 3.4Grade Unit: g/tContained Metal: 320000Contained Unit: ozView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
silver
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:7197f1182f5578ae7869
Deposit or zone
Little Deer

Resource Data

Category
indicated
Tonnes
2900000
Grade
3.4
Grade Unit
g/t
Contained Metal
320000
Contained Unit
oz
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Indicated silver component of the Little Deer Deposit.

Evidence · table

“3.4”

Context: 2.9

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredGreen Bay Copper-Gold Project · copperTonnes: 6200000Grade: 1.8Grade Unit: %Contained Metal: 110000Contained Unit: tView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
copper
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:aabe5903d7eb4bd5683a
Deposit or zone
Little Deer

Resource Data

Category
inferred
Tonnes
6200000
Grade
1.8
Grade Unit
%
Contained Metal
110000
Contained Unit
t
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Inferred copper component of the Little Deer Deposit.

Evidence · table

“1.8”

Context: 6.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredGreen Bay Copper-Gold Project · goldTonnes: 6200000Grade: 0.1Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
gold
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:aabe5903d7eb4bd5683a
Deposit or zone
Little Deer

Resource Data

Category
inferred
Tonnes
6200000
Grade
0.1
Grade Unit
g/t
Contained Metal
10000
Contained Unit
oz
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Inferred gold component of the Little Deer Deposit.

Evidence · table

“0.1”

Context: 6.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredGreen Bay Copper-Gold Project · silverTonnes: 6200000Grade: 2.2Grade Unit: g/tContained Metal: 430000Contained Unit: ozView all details
Link to this fact

Identity

Project
Green Bay Copper-Gold Project
Commodity
silver
Region
canada_nl
Reported Region
Newfoundland, Canada
Ticker
FFM

Resource scope

Estimate type
resource
Reporting standards
jorc, ni_43_101
QP Signed
Yes
Qualified person names
Juan Gutierrez
Resource group id
resource:aabe5903d7eb4bd5683a
Deposit or zone
Little Deer

Resource Data

Category
inferred
Tonnes
6200000
Grade
2.2
Grade Unit
g/t
Contained Metal
430000
Contained Unit
oz
Cutoff Grade
1
Cutoff Unit
%

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Inferred silver component of the Little Deer Deposit.

Evidence · table

“2.2”

Context: 6.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

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.