19 Nov 2024investor presentation● Neutral
AGM presentation repeating the 42% resource increase to 59Mt @ 2% CuEq for 1.2Mt. Its disclaimer states no new information or data.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Nov 2024investor presentation● Neutral
Revised UBS Australasia Conference presentation, repeating the 42% resource increase to 59Mt @ 2% CuEq for 1.2Mt. Its disclaimer says no new information or data. Re-release of the earlier presentation.
12 Nov 2024investor presentation● Neutral
UBS Australasia Conference presentation promoting Green Bay and the 59Mt @ 2% CuEq resource. Its disclaimer states no new information or data, so it repeats known facts.
6 Nov 2024security holder rights change● Neutral
Notice that 666,667 shares will be released from voluntary escrow on 13 November 2024. Administrative notice only.
4 Nov 2024asset acquisition disposition▲ GoodMajor
FireFly agreed to buy the Tilt Cove copper-gold project (115 sq km, next to Green Bay) from Signal Gold for C$570,000 cash plus C$2.5M in shares (2,317,869 shares). A further C$1M is payable if a 500,000oz resource is defined.
29 Oct 2024resource reserve update▲ GoodMajor
Green Bay's first JORC resource is 59Mt @ 2% CuEq for 1.2Mt contained copper-equivalent, up 42% from the 811,000t foreign estimate. 41% is Measured and Indicated. Engineering studies are planned for the second half of 2025.
25 Oct 2024capital raising announcement● Neutral
Supplementary prospectus lifts the share purchase plan cap from A$5M to A$8M (up to 8,421,690 shares at A$0.95) after demand exceeded the target. Shares will be issued under existing placement capacity. BlackRock is listed with 14.49%.
What it means for a shareholder
8.4m new shares at A$0.950 to raise about A$8.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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25 Oct 2024capital raising announcement▲ GoodMajor
The share purchase plan closed with about A$27.7M of applications, so FireFly lifted it to A$8M and scaled applications back. Together with the A$65M placement, A$73M was raised before costs. 8,421,690 new shares were issued at A$0.95.
What it means for a shareholder
8.4m new shares at A$0.950 to raise about A$8.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
8 Oct 2024capital raising announcement● Neutral
Letter to eligible shareholders says the share purchase plan is open, with applications of A$2,500 to A$30,000 at A$0.95. It closes 22 October 2024, with results due 29 October. Administrative notice of the already announced plan.
8 Oct 2024capital raising announcement● Neutral
Prospectus for the share purchase plan announced 26 September: up to 5,263,158 shares at A$0.95 to raise up to A$5M from eligible shareholders. This is the paperwork for the previously announced raising, with no new terms.
What it means for a shareholder
5.3m new shares at A$0.950 to raise about A$5.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
3 Oct 2024drilling result▲ Good
New Green Bay assays include 22.2m @ 5.1% CuEq in the high-grade zone and 61.8m @ 1.8% CuEq in the footwall zone, extending mineralisation 650m past the existing resource and still open. Resource update remains due this month.
2 Oct 2024security holder rights change● Neutral
Notice that 36,929 shares are released from voluntary escrow on 10 October 2024 and 5,866,667 on 23 October 2024. The shares are held by Stephen Parsons, Michael Naylor and Darren Cooke. Administrative notice.
26 Sept 2024capital raising announcement▲ GoodMajor
Firm commitments for an A$65M institutional placement at A$0.95 per share (68.4M shares, 9.1% discount to last close), plus a planned ~A$5M share purchase plan. Funds 100,000m more drilling, drill-drive extension to 1,500m and the final Rambler acquisition payment; resource update due October.
16 Sept 2024drilling result▲ Good
Downhole EM surveys show conductors suggesting copper mineralisation continues well beyond current drilling, plus possible new massive sulphide channels west of Ming North. Drill testing has begun; resource update still on track for September-October 2024.
12 Sept 2024admin correction▼ Bad
After ASX discussions, FireFly retracted slide 11 of the 11 September presentation (peer comparisons not compliant with ASX guidance) and re-released it without that slide. Investors should not rely on the slide. No new results.
11 Sept 2024investor presentation● Neutral
Precious Metals Summit presentation promoting Green Bay and Pickle Crow. Disclaimer states no new information or data; the 39.2Mt foreign estimate and 2.8Moz Pickle Crow resource are repeated.
6 Sept 2024annual report● Neutral
FY24 annual report recaps the Green Bay acquisition, raisings, drilling 460m beyond the 39.2Mt foreign estimate and the 2.8Moz Pickle Crow resource. The text shown contains no new figures; a resource model update is being compiled.
6 Sept 2024other● Neutral
Annual Corporate Governance Statement and Appendix 4G for FY24. It states two new board committees have been established: Audit and Risk Management, and Nomination and Remuneration. This resolves part of the earlier plan to form committees.
3 Sept 2024drilling result▲ Good
New Green Bay assays include 3.2m @ 11.8% CuEq and a 43.2m @ 2.2% CuEq footwall zone, extending mineralisation about 500m beyond the 39.2Mt foreign estimate. A downhole EM trial worked. Resource update now due September-October 2024; cash A$38.1M at 30 June.
22 Aug 2024drilling scheduled▲ Good
FireFly outlined regional copper-gold targets at Green Bay from a historical data review, including Rambler Main (25.0m @ 4.7g/t Au) and Little Deer (9.1Mt @ 1.91% CuEq). Gravity and downhole EM surveys are underway, VTEM imminent; resource updates planned Sep quarter 2024 and March quarter 2025.
6 Aug 2024investor presentation● Neutral
Diggers & Dealers presentation promoting Green Bay, listing previously released drill results outside the 39.2Mt foreign estimate. It repeats known results and the foreign estimate; no new data shown in the text provided.
31 July 2024quarterly activities report▲ GoodMajor
June 2024 quarter: cash A$38.1M, four rigs turning, and mineralisation continuous 460m beyond the 39.2Mt foreign estimate, with a resource update due September 2024. A strategic review of Pickle Crow was started to evaluate options to maximise shareholder value.
30 July 2024admin correction● Neutral
After discussions with ASX, FireFly replaced slide 41 (ground conditions) of its 23 July presentation and added two supplementary slides. Clarification only; no new results.
23 July 2024investor presentation● Neutral
Melbourne Mining Club presentation promoting Green Bay and Pickle Crow. Disclaimer states no new information or data; the 39.2Mt foreign estimate and 2.8Moz resource are repeated.
22 July 2024director officer appointment● Neutral
Renée Roberts, a former NAB, QBE and APRA executive, joins as Non-Executive Director from 23 July 2024, giving the board a majority of independent directors. The company plans to form audit, remuneration and safety committees.
19 July 2024director officer appointment● Neutral
Board approved pay rises effective 1 July 2024: Managing Director Steve Parsons to A$517,000 and Executive Director Michael Naylor to A$376,000 fixed annual remuneration, following an independent review. Other contract terms unchanged.
19 June 2024drilling result▲ GoodMajor
New Green Bay assays show continuous high-grade mineralisation for 460m beyond the 39.2Mt foreign estimate, including 13.1m @ 14.3% CuEq. Rigs double to four, geophysics starts, and the resource update remains scheduled for the September quarter.
31 May 2024admin correction● Neutral
Corrected version of the Securities Trading Policy released 21 May, fixing typographical errors in clauses 4 and 8. Administrative only.
23 May 2024capital raising announcement● Neutral
Cleansing prospectus for up to 100 shares at A$0.61, issued so shares from the second institutional tranche (T2) of the March raising can be freely traded. It adds no new funds beyond the announced raising. Timetable suggests T2 shares issue around 24-27 May (inference: after the 20 May vote).
21 May 2024other● Neutral
Board adopted a new Securities Trading Policy from 21 May 2024, setting out insider trading rules and blackout periods for directors and staff. Administrative document with no effect on projects or finances.