FireFly releases Independent Technical Report for Preliminary Economic Assessment and Resource Estimate
Original announcement by globenewswire on
- Company
- FireFly Metals Ltd
- Ticker
- FFM
- Exchange
- Unavailable
- Region
- Newfoundland, Canada
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver
- Document categories
- Resource update
- Extracted
- 2026-09-23 00:37:03 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
FireFly Metals Ltd has released an Independent Technical Report for its Green Bay Copper-Gold Project in Newfoundland, Canada, which includes an updated Mineral Resource Estimate. The project now boasts a combined Measured and Indicated Mineral Resource of 60.2 Mt at 2.43% copper equivalent (CuEq) and an Inferred Mineral Resource of 23.5 Mt at 2.51% CuEq. The report, compliant with JORC Code (2012 Edition) and NI 43-101, underpins a Preliminary Economic Assessment showing potential for a high-grade, low-cost operation.
Reasoning: FireFly Metals has released an Independent Technical Report for its Green Bay Copper-Gold Project, detailing a substantial Measured and Indicated Mineral Resource of 60.2 Mt at 2.43% CuEq, alongside a significant Inferred Resource. The estimate is compliant with JORC and NI 43-101 standards, with full disclosure of metal equivalent assumptions and QP sign-off, indicating high confidence and strong potential for development.
Positive factors
- Significant Measured and Indicated Resource
- High confidence in resource estimate (JORC and NI 43-101 compliant)
- QP/CP signed off on technical disclosure
- Metal equivalent assumptions fully disclosed
- Clear pathway to produce 100kt of copper per annum
Negative factors
- Ming Deposit Inferred resource has higher grade than M&I, suggesting potential for grade dilution upon further infill drilling
Facts used in scoring: 32
Classification and evidence
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The document reports a significant Indicated Mineral Resource of 56.7 Mt at 1.9% copper for the Green Bay Total project, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: 56.7
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The document reports a Measured Mineral Resource of 3.5 Mt at 1.5% copper for the Green Bay Total project, representing the highest confidence category.
Evidence · table
“Measured”
Context: 3.5
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource Estimate is explicitly stated to be prepared and reported in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (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) )”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resource Estimate is explicitly stated to be prepared and reported in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101).
Evidence · text
“Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ( NI 43-101 )”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Mr Juan Gutierrez, Group Chief Geologist at FireFly and a Qualified Person as defined by NI 43-101, has reviewed and approved the scientific and technical disclosure.
Evidence · text
“Mr Juan Gutierrez, BSc, Geology (Masters), Geostatistics (Postgraduate Diploma), Group Chief Geologist at FireFly, and a Qualified Person as defined by NI 43-101, has reviewed and approved the scientific and technical disclosure contained in this announcement.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The document clearly states that 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.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The document reports a total Inferred Mineral Resource of 23.5 Mt at 1.9% copper for the Green Bay Project, which is a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 23.5
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The Technical Report is in respect of the Preliminary Economic Assessment (PEA) and Mineral Resource Estimate, indicating its purpose is to support this early-stage study.
Evidence · text
“Technical Report required by Canadian National Instrument NI43-101 in respect of the Preliminary Economic Assessment and Mineral Resource Estimate”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The announcement refers to the 'Mineral Resource Estimate' and 'Mineral Resource Update' and states it was 'first reported in the Company’s ASX announcement dated 25 August 2026', indicating it is an update to a previously announced estimate.
Evidence · text
“Mineral Resource Update”
Extracted facts
Stored fact records: 32. Some facts used in scoring do not have a stored record.
Resource Estimates (32)
measuredGreen Bay Copper-Gold Project · copperTonnes: 3500000Grade: 1.5Grade Unit: %Contained Metal: 52000Contained Unit: tView all detailsHide details
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
- t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Ming Deposit's Measured resource of 3.5 Mt at 1.5% copper represents a high-confidence, economically viable portion of the resource, contributing positively to the overall project.
Positive factors
- High confidence Measured category
- Good copper grade for a porphyry 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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The gold grade of 0.2 g/t in the Ming Deposit's Measured resource is a byproduct credit, contributing to the overall project economics but not a primary driver.
Positive factors
- High confidence Measured category
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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The silver grade of 1.3 g/t in the Ming Deposit's Measured resource provides a minor credit to the project economics.
Positive factors
- High confidence Measured category
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
measuredGreen Bay Copper-Gold Project · copperTonnes: 3500000View all detailsHide details
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
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Measured resource of 3.5 Mt at 1.7% CuEq for the Ming Deposit indicates a robust, high-confidence portion of the resource.
Positive factors
- High confidence Measured category
- Good copper equivalent grade
Evidence · table
“1.7”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource of 53.8 Mt at 1.9% copper for the Ming Deposit represents a substantial and well-defined portion of the project, providing a strong foundation for future studies.
Positive factors
- Large Indicated tonnage
- Strong copper grade for a porphyry 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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource of 53.8 Mt at 0.5 g/t gold for the Ming Deposit provides a material gold credit, enhancing the overall project value.
Positive factors
- Significant contained gold ounces
- Good gold grade for a porphyry 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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource of 53.8 Mt at 4.5 g/t silver for the Ming Deposit provides a valuable silver credit, contributing to the polymetallic nature of the project.
Positive factors
- Significant contained silver ounces
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
indicatedGreen Bay Copper-Gold Project · copperTonnes: 53800000View all detailsHide details
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
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource of 53.8 Mt at 2.5% CuEq for the Ming Deposit highlights a significant and high-grade portion of the resource, supporting the project's economic potential.
Positive factors
- Large Indicated tonnage
- Strong copper equivalent grade
Evidence · table
“2.5”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource of 17.3 Mt at 2.0% copper for the Ming Deposit indicates significant exploration upside and potential for future resource conversion.
Positive factors
- Significant Inferred tonnage
- Good copper grade for a porphyry 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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource of 17.3 Mt at 0.7 g/t gold for the Ming Deposit adds substantial gold potential, which could be upgraded with further drilling.
Positive factors
- Significant contained gold ounces
- Good gold grade for a porphyry 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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource of 17.3 Mt at 6.3 g/t silver for the Ming Deposit provides additional silver credits, contributing to the overall polymetallic value.
Positive factors
- Significant contained silver ounces
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
inferredGreen Bay Copper-Gold Project · copperTonnes: 17300000View all detailsHide details
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
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.8
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource of 17.3 Mt at 2.8% CuEq for the Ming Deposit indicates strong potential for resource growth, though the higher grade compared to M&I suggests further drilling is needed to confirm continuity.
Positive factors
- Significant Inferred tonnage
- Strong copper equivalent grade
Negative factors
- Inferred resource has higher grade than M&I, suggesting potential for grade dilution upon further infill drilling
Evidence · table
“2.8”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Little Deer deposit contributes 2.9 Mt at 2.1% copper in the Indicated category, adding a high-grade component to the overall project.
Positive factors
- Good copper grade for a porphyry deposit
- Indicated category provides reasonable confidence
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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The gold grade of 0.1 g/t in the Little Deer Indicated resource is a minor byproduct credit.
Positive factors
- Indicated category provides reasonable confidence
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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The silver grade of 3.4 g/t in the Little Deer Indicated resource provides a minor credit to the project economics.
Positive factors
- Indicated category provides reasonable confidence
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
indicatedGreen Bay Copper-Gold Project · copperTonnes: 2900000View all detailsHide details
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
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.3
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource of 2.9 Mt at 2.3% CuEq for Little Deer adds a high-grade, confident component to the overall project.
Positive factors
- Good copper equivalent grade
- Indicated category provides reasonable confidence
Evidence · table
“2.3”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource of 6.2 Mt at 1.8% copper for Little Deer provides additional exploration potential for the project.
Positive factors
- Significant Inferred tonnage
- Good copper grade for a porphyry 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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The gold grade of 0.1 g/t in the Little Deer Inferred resource is a minor byproduct credit.
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 detailsHide details
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
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The silver grade of 2.2 g/t in the Little Deer Inferred resource provides a minor credit to the project economics.
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
inferredGreen Bay Copper-Gold Project · copperTonnes: 6200000View all detailsHide details
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
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource of 6.2 Mt at 1.8% CuEq for Little Deer indicates further exploration potential for the project.
Positive factors
- Significant Inferred tonnage
- Good copper equivalent grade
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 · copperTonnes: 3500000Grade: 1.5Grade Unit: %Contained Metal: 52000Contained Unit: tView all detailsHide details
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:5649c2d705a99a632f64
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 1.5
- Grade Unit
- %
- Contained Metal
- 52000
- Contained Unit
- t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Measured resource of 3.5 Mt at 1.5% copper for the Green Bay Project provides a high-confidence base for development.
Positive factors
- High confidence Measured category
- Good copper grade for a porphyry 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 detailsHide details
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:5649c2d705a99a632f64
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 20000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Measured resource includes 0.2 g/t gold, providing a minor byproduct credit.
Positive factors
- High confidence Measured category
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 detailsHide details
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:5649c2d705a99a632f64
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 147000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Measured resource includes 1.3 g/t silver, providing a minor byproduct credit.
Positive factors
- High confidence Measured category
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
measuredGreen Bay Copper-Gold Project · copperTonnes: 3500000View all detailsHide details
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:5649c2d705a99a632f64
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Measured resource of 3.5 Mt at 1.7% CuEq for the Green Bay Project provides a robust, high-confidence base.
Positive factors
- High confidence Measured category
- Good copper equivalent grade
Evidence · table
“1.7”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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: 56700000Grade: 1.9Grade Unit: %Contained Metal: 1103000Contained Unit: tView all detailsHide details
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:f6739b8d3a37dbf2c186
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 1103000
- Contained Unit
- t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated resource of 56.7 Mt at 1.9% copper for the Green Bay Project represents a substantial and well-defined portion of the resource, providing a strong foundation for future studies.
Positive factors
- Large Indicated tonnage
- Strong copper grade for a porphyry deposit
Evidence · table
“1.9”
Context: 56.7
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: 56700000Grade: 0.5Grade Unit: g/tContained Metal: 887000Contained Unit: ozView all detailsHide details
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:f6739b8d3a37dbf2c186
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 887000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated resource of 56.7 Mt at 0.5 g/t gold provides a material gold credit, enhancing the overall project value.
Positive factors
- Significant contained gold ounces
- Good gold grade for a porphyry deposit
Evidence · table
“0.5”
Context: 56.7
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: 56700000Grade: 4.4Grade Unit: g/tContained Metal: 8027000Contained Unit: ozView all detailsHide details
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:f6739b8d3a37dbf2c186
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Grade
- 4.4
- Grade Unit
- g/t
- Contained Metal
- 8027000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated resource of 56.7 Mt at 4.4 g/t silver provides a valuable silver credit, contributing to the polymetallic nature of the project.
Positive factors
- Significant contained silver ounces
Evidence · table
“4.4”
Context: 56.7
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 · copperTonnes: 56700000View all detailsHide details
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:f6739b8d3a37dbf2c186
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- indicated
- Tonnes
- 56700000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated resource of 56.7 Mt at 2.5% CuEq for the Green Bay Project highlights a significant and high-grade portion of the resource, supporting the project's economic potential.
Positive factors
- Large Indicated tonnage
- Strong copper equivalent grade
Evidence · table
“2.5”
Context: 56.7
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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: 23500000Grade: 1.9Grade Unit: %Contained Metal: 454000Contained Unit: tView all detailsHide details
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:57d7cee441e6995b7a08
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Grade
- 1.9
- Grade Unit
- %
- Contained Metal
- 454000
- Contained Unit
- t
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Inferred resource of 23.5 Mt at 1.9% copper for the Green Bay Project indicates significant exploration upside and potential for future resource conversion.
Positive factors
- Significant Inferred tonnage
- Good copper grade for a porphyry deposit
Evidence · table
“1.9”
Context: 23.5
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: 23500000Grade: 0.6Grade Unit: g/tContained Metal: 414000Contained Unit: ozView all detailsHide details
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:57d7cee441e6995b7a08
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 414000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Inferred resource of 23.5 Mt at 0.6 g/t gold adds substantial gold potential, which could be upgraded with further drilling.
Positive factors
- Significant contained gold ounces
- Good gold grade for a porphyry deposit
Evidence · table
“0.6”
Context: 23.5
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: 23500000Grade: 5.2Grade Unit: g/tContained Metal: 3952000Contained Unit: ozView all detailsHide details
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:57d7cee441e6995b7a08
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Grade
- 5.2
- Grade Unit
- g/t
- Contained Metal
- 3952000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Inferred resource of 23.5 Mt at 5.2 g/t silver provides additional silver credits, contributing to the overall polymetallic value.
Positive factors
- Significant contained silver ounces
Evidence · table
“5.2”
Context: 23.5
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 · copperTonnes: 23500000View all detailsHide details
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:57d7cee441e6995b7a08
- Deposit or zone
- Green Bay Total
Resource Data
- Category
- inferred
- Tonnes
- 23500000
- Cutoff Grade
- 1
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-08-25
Metal Equivalent
- Metal Eq. Grade
- 2.5
- Metal Eq. Unit
- %
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Inferred resource of 23.5 Mt at 2.5% CuEq for the Green Bay Project indicates strong potential for resource growth, though the similar grade to M&I suggests further drilling is needed to confirm continuity.
Positive factors
- Significant Inferred tonnage
- Strong copper equivalent grade
Negative factors
- Inferred resource has similar grade to M&I, suggesting potential for grade dilution upon further infill drilling
Evidence · table
“2.5”
Context: 23.5
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.