Each one in plain English, with the numbers worked through for a shareholder.
12 Feb 2025drilling result▲ GoodMajor
New Ming drilling includes 10.7m @ 12.2% CuEq and 58.2m @ 3.1% CuEq, with results proving the earlier downhole EM anomalies are mineralised. FireFly is expanding to six rigs: a fifth underground rig is being mobilised and a sixth is drilling surface targets.
31 Jan 2025quarterly activities report▲ Good
December quarter report recaps the October resource increase, the TSX listing, completion of the Tilt Cove acquisition and the new General Counsel. Four rigs are drilling underground. Cash, receivables and liquid investments were about A$84.1M at 31 December 2024.
23 Dec 2024security holder rights change● Neutral
Notice that 1,133,334 shares will be released from voluntary escrow on 2 January 2025. Administrative notice only.
18 Dec 2024director officer appointment● Neutral
Laura Noonan-Crowe, a lawyer with 17 years in resources and TSX compliance experience, becomes General Counsel and Company Secretary from 15 January 2025. Maddison Cramer steps down from the secretary role on that date.
16 Dec 2024other▲ Good
FireFly began trading on the Toronto Stock Exchange main board on 16 December 2024 under FFM, alongside its primary ASX listing. Completes the dual listing announced on 11 December.
13 Dec 2024security holder rights change● Neutral
Notice that 800,001 shares will be released from voluntary escrow on 22 December 2024. Administrative notice only.
11 Dec 2024other▲ GoodMajor
FireFly received conditional approval to list on the Toronto Stock Exchange main board, expected 16 December 2024, as a compliance listing with no capital raising. It is also filing Canadian technical reports. The resource is unchanged, now split into M&I (460kt CuEq) and Inferred (690kt CuEq).
10 Dec 2024drilling result▲ GoodMajor
Best Green Bay hole yet: 86.3m @ 3.7% CuEq, plus 76.3m @ 2.9% CuEq, received after the October resource. Mineralisation remains open, and the results will feed into the next resource update. Cash was about A$88M at end October.
3 Dec 2024investor presentation● Neutral
December 2024 Resources Rising Stars presentation repeating the 59Mt @ 2% CuEq, 1.2Mt resource and Pickle Crow's 2.8Moz Inferred resource. Its disclaimer states no new information or data.
19 Nov 2024agm notice● Neutral
All resolutions at the 19 November 2024 AGM passed on a poll, including the remuneration report (97.96% for), director elections and LTI performance rights for Stephen Parsons and Michael Naylor. Resolves the open AGM results thread; routine.
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.
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.
31 Oct 2024quarterly activities report▲ Good
September quarter report recaps the 42% resource increase to 59Mt @ 2% CuEq and the A$65M placement plus A$8M share purchase plan. Cash was A$88M at end of October. Four rigs continue underground; next resource update is due in the first half of 2025.
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.
20 Sept 2024agm notice● Neutral
AGM set for 19 November 2024; director nominations close 30 September 2024. Directors will be elected or re-elected. Administrative notice only.
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.
