https://www.miningweekly.com
ASX|Bellavista Resources|FireFly Metals|Green Bay|Ming Mine|Copper|Gold Mining|TSX|Steve Parsons|Newfoundland And Labrador
|||||
asx|bellavista-resources|firefly-metals|green-bay|ming-mine|copper|gold-mining|tsx|steve-parsons|newfoundland-and-labrador

FireFly delays Greenbay PEA to incorporate meaningful drill results

Green Bay project area

Green Bay project area

28th July 2026

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

TSX- and ASX-listed FireFly Metals says its underground drilling campaign at the Green Bay copper/gold project, in Newfoundland and Labrador, continues to deliver outstanding results that reinforce the scale and continuity of the high-grade Core zone and underpin plans for early production.

MD Steve Parsons says the company has decided to incorporate the latest drill results into an updated mineral resource estimate (MRE) ahead of economic studies on Green Bay, owing to the strength of the results.

This means the preliminary economic assessment (PEA) and scoping study for Green Bay will only be published in August. The PEA will assess development scenarios for an upscaled restart of copper and gold production at Green Bay.

The current Green Bay MRE stands at 50.4-million tonnes grading 2% copper-equivalent in the measured and indicated category, plus 29.3-million tonnes grading 2.5% copper-equivalent in the inferred category.

FireFly continues to undertake regional exploration, with two surface rigs testing geophysical targets near the Ming mine and a third rig conducting maiden drilling at the Tilt Cove project.

The company remains well-funded with A$196-million in cash and liquid investments as of June 30.

FireFly sold its Ontario-based gold assets to ASX-listed Bellavista Resources in May, to focus on Green Bay's development.

 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Projects

An image of gold bars
Horne 5 project, Canada
Updated 3 hours ago By: Sheila Barradas

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Astore Keymak
Astore Keymak

Astore Keymak is one of South Africa’s leading suppliers of high-quality Thermoplastic Pipeline Systems, with branches in the major provinces.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

MinRes Pilbara hub
MinRes posts strongest full-year financials yet
27th August 2026 By: Marleny Arnoldi
Resources Watch
Resources Watch
26th August 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.053 0.078s - 140pq - 2rq
Subscribe Now