Each one in plain English, with the numbers worked through for a shareholder.
7 May 2024investor presentation● Neutral
Presentation at the CG Global Metals and Mining Conference promoting Green Bay and Pickle Crow. Its disclaimer states no new information or data; the 39.2Mt foreign estimate and 2.8Moz Pickle Crow resource are repeated.
First holes from the underground drill drive hit copper well outside the 39.2Mt estimate, such as 9.1m @ 5.4% CuEq and 12.0m @ 4.8% CuEq. A third rig is due in May, a new CFO (Cheng Sun) starts, and A$14.7M of the raising awaits the 20 May vote.
FireFly replied to an ASX query over an AFR article that reported the A$52M raise during the trading halt. It says it had no involvement in the article, does not know how the details leaked, and considers its disclosure controls adequate.
April 2024 'Resources Rising Stars' presentation repeating known Green Bay and Pickle Crow information. The disclaimer states no new information or data.
Cleansing prospectus for up to 9,009,010 shares at A$0.7503 (C$0.666), covering the charity flow-through part of the March raising so those shares can be resold. It adds no new funds beyond the announced raising.
What it means for a shareholder
9.0m new shares at A$0.7503 to raise about A$6.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
28 Mar 2024capital raising announcement▲ GoodMajor
FireFly raised A$52.2M via flow-through and institutional placements, about 81.5M shares at an average A$0.64. Funds will pay for a third drill rig at Green Bay. The company says this funds it for the next 18 months.
What it means for a shareholder
81.5m new shares at about A$0.6405 to raise about A$52.2m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
March 2024 investor presentation promoting Green Bay and Pickle Crow, repeating the known 39.2Mt foreign estimate and 2.8Moz resource. The disclaimer states no new information or data.
FireFly signed a port access agreement to export up to 1Mtpa of concentrate via Pine Cove port, 6km from Green Bay, in return for a C$2.5M investment in Maritime Resources (8.4% stake). The Gold Hunter ground acquisition is completing the same day.
Transaction-specific prospectus covering issue of 30,290,624 shares to Gold Hunter and 3,029,062 to Kluane Capital, both at a deemed A$0.5519. This is the share consideration for the Gold Hunter deal and the related liability; no new money is raised.
More Footwall Zone assays at Green Bay, including 63.1m @ 2.2% CuEq and 51.0m @ 2.2% CuEq, follow the early March results. Management points to a resource update in the September quarter; the 39.2Mt foreign estimate is not JORC.
19 Mar 2024director officer appointment● NeutralMajor
Kevin Tomlinson, also chair of Bellevue Gold, becomes Non-Executive Chair, and Jessie Liu-Ernsting joins as a Non-Executive Director. Ray Shorrocks has resigned as Chairman and director.
Half-year report to 31 December 2023 covering the Green Bay acquisition and drilling. The visible text is largely a recap of known activity; the financial figures are not in the excerpt provided.
First drilling into Green Bay's large Footwall Zone returned wide intercepts, such as 67.8m @ 1.6% CuEq containing 22.8m @ 2.4% CuEq (hole MUG23-010). Results validate historical drilling. Two rigs are turning underground; company says it is funded for Phase 1.
S&P Dow Jones Indices' March 2024 rebalance adds FireFly (FFM) to the All Ordinaries index, effective 18 March 2024. This is an index notice, not a company announcement of operational news.
BMO Global Metals & Mining Conference presentation repeating known Green Bay and Pickle Crow information. The disclaimer states no new information or data.
Roadshow presentation for east coast Australia investors, repeating known Green Bay and Pickle Crow material. The disclaimer states no new information or data.
January 2024 investor presentation promoting Green Bay copper-gold growth, repeating the known 39.2Mt foreign estimate and 2.8Moz Pickle Crow resource. The disclaimer states no new information or data.
First assays from FireFly's own Green Bay drilling include 46.4m @ 4.6% Cu, 1.2g/t Au and 2.7m @ 13.5% Cu. They extend mineralisation about 350m down plunge, outside the 39.2Mt estimate. A second rig has arrived; more assays are due.
333,334 shares held by the Mishkeegogamang Ojibway First Nation will be released from voluntary escrow on 24 January 2024. Routine administrative notice.
22 Dec 2023asset acquisition disposition▲ GoodMajor
FireFly agreed to buy 169 sq km of ground next to Green Bay from Gold Hunter Resources for C$15.5M (C$500,000 cash plus C$15M in shares). Completion is expected February 2024, subject to Gold Hunter shareholder approval and other conditions.
The ASX code changed from AUT to FFM from the start of trading on 14 December 2023, completing the name change to FireFly Metals. Administrative notice only.
Re-assaying of 18 historic 2022 holes found high-grade copper, gold and zinc outside the existing resource, including 16.8m @ 6.7% Cu, 3.5g/t Au (11.2% CuEq) and 9.3m @ 9.4% Cu. Supports the resource-growth thesis; first new assays are due in coming weeks.
The 15-for-1 consolidation is complete, leaving 360,760,906 shares on issue (versus about 354M estimated). Fractions were rounded up, and holding statements have been sent. Normal trading starts 8 December.
Macquarie conference presentation on Green Bay and Pickle Crow, repeating the known resources and growth strategy. The disclaimer states no new information or data.
Post-consolidation shares began trading on a deferred settlement basis on 29 November under code AUTDA. Normal trading is due 8 December and the FFM code change around 14 December. Timetable update only.
The name change from AuTECO Minerals to FireFly Metals has been implemented after shareholder approval, with new branding and website. Shares trade post-consolidation from 8 December and under the new code FFM from 14 December. Restates the known resources.
Shareholder approval for the 15-for-1 consolidation is confirmed, with the timetable set. Shares fall from an estimated 5,313,390,596 to 354,226,040; options and performance rights consolidate on the same basis. Normal trading is due 8 December.
AGM presentation promoting Green Bay copper-gold and Pickle Crow gold, repeating the known 39.2Mt Green Bay foreign estimate and 2.8Moz Pickle Crow resource. The disclaimer states no new information or data.
Mining of the exploration drill drive has started at Green Bay, now described as 750m rather than 700m. First three drill holes are at the lab, with results expected in December. Rigs are to rise to three in Q1 2024; A$24M is available for Phase 1.
Resources Rising Stars roadshow presentation on Green Bay and Pickle Crow, repeating the known resource estimates and growth strategy. No new results in the readable text.