FireFly Metals releases PEA for Green Bay and raises about A$185 million
FireFly Metals has published a preliminary economic assessment for its Green Bay copper-gold project and closed roughly A$185 million in equity and SPP raises.
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what happened
Australian company FireFly Metals Ltd has released a preliminary economic assessment (PEA) for its Green Bay copper-gold project. According to the document, the project shows potential for large-scale, long-life production. Measured and indicated resources stand at 60.2 Mt grading 2.4% copper equivalent.
The company also completed equity and SPP raises totaling about A$185 million, which will fund drilling and studies. Cash stood at A$337.1 million as of 30 September 2026. FireFly additionally announced the Mount Joy volcanogenic massive sulphide discovery near existing infrastructure. The information was published via GlobeNewswire.
why it matters
For copper and gold markets, this is mainly a development update for a single mid-sized project. A feasibility study is due in Q1 2027, with a final investment decision planned for mid-2027.
tags
instruments
sources
- FireFly Metals Ltd (FFM) Releases PEA, Raises ~$185M for Green Bay — globenewswire.com, 29 October 2026 at 00:03 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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