16 Jan 2024investor presentation● Neutral
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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Jan 2024drilling result▲ GoodMajor
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.
15 Jan 2024other● Neutral
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.
14 Dec 2023admin correction● Neutral
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.
11 Dec 2023drilling result▲ GoodMajor
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.
7 Dec 2023security holder rights change● Neutral
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.
30 Nov 2023investor presentation● Neutral
Macquarie conference presentation on Green Bay and Pickle Crow, repeating the known resources and growth strategy. The disclaimer states no new information or data.
29 Nov 2023security holder rights change● Neutral
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.
27 Nov 2023other● Neutral
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.
23 Nov 2023other● Neutral
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.
23 Nov 2023investor presentation● Neutral
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.
23 Nov 2023agm notice● Neutral
All nine resolutions passed at the 23 November AGM, including the name change and the 15-for-1 consolidation (both about 99.6-99.8% in favour). Performance rights for Parsons and Naylor passed with about 76% support. Kevin Tomlinson was elected and Ray Shorrocks re-elected.
21 Nov 2023drilling progress report▲ Good
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.
14 Nov 2023investor presentation● Neutral
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.
31 Oct 2023quarterly activities report● Neutral
September quarter report: Green Bay purchase completed after quarter end and the 40,000m drilling is underway, with first results expected in the December quarter. Cash was A$6.8M at 30 September and A$24.1M at 24 October after the raisings. Repeats the known resource.
25 Oct 2023investor presentation● Neutral
Northern Hemisphere roadshow presentation promoting Green Bay as a high-grade copper-gold project with exploration upside. Repeats known material; no new results appear in the readable text.
24 Oct 2023security holder rights change● NeutralMajor
Proposed 15-for-1 share consolidation, cutting about 5.31bn shares to about 354M, subject to shareholder approval at the 23 November 2023 meeting. Options and performance rights are consolidated too. New shares start trading on a deferred basis on 29 November.
23 Oct 2023drilling spud▲ GoodMajor
Underground diamond drilling has started at Green Bay, the first stage of the 40,000m program plus a 700m exploration drive. First results are expected this quarter; mining of the drive is planned to begin in December 2023, with more rigs in early 2024.
20 Oct 2023asset acquisition disposition▲ GoodMajor
Green Bay acquisition completed on 20 October 2023, giving a 100% interest through the Rambler Group and resolving the pending deal. Steve Parsons becomes Managing Director and Michael Naylor Executive Director, each on A$199,800 fixed pay. The A$55M placement is also confirmed complete.
18 Oct 2023capital raising announcement● Neutral
SPP share issue pushed back to 23 October 2023, as it depends on the Rambler (Green Bay) acquisition completing, now expected 20 October. Trading is expected from 24 October. Only a timing change to the earlier plan.
18 Oct 2023capital raising announcement● Neutral
Supplementary prospectus formalising the SPP increase to A$5M: an extra 80,000,363 shares at 2.5c, so 200,000,363 in total. No shares will be issued under the shortfall offer. Legal paperwork for the already announced upsizing.
What it means for a shareholder
80.0m new shares at $0.025 to raise about $2.0m. 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.
17 Oct 2023capital raising announcement▲ GoodMajor
Share purchase plan raised to A$5M from A$3M at 2.5c after about A$9.1M of applications; 200,000,363 shares to be issued, with applications scaled back. Brings total raised with the placement to A$60M, funding the Green Bay drilling program.
What it means for a shareholder
200m new shares at about A$0.025 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.
11 Oct 2023other● Neutral
Copy of the company constitution prepared by Hamilton Locke. Administrative document; the readable text shows no stated change or new information.
6 Oct 2023capital raising announcement▲ Good
Share purchase plan received applications well above the A$3M target, so it will close early on 12 October 2023 to limit scale-backs. Shares are expected to be issued 19 October. The board may accept oversubscriptions.
29 Sept 2023other● Neutral
Annual corporate governance statement and Appendix 4G, approved by the board on 29 September 2023. Compliance paperwork with no new business information.
29 Sept 2023annual report● Neutral
2023 annual report. The chairman's letter calls Green Bay game-changing, noting court approval and a pending shareholder vote, and repeats the 2.8Moz Pickle Crow resource and 40,000m drilling plan. Financial statements are not shown in the readable text.
26 Sept 2023agm notice● Neutral
Annual general meeting set for 23 November 2023, with director nominations closing 4 October 2023. Administrative notice only.
25 Sept 2023investor presentation● Neutral
Sydney roadshow presentation for Green Bay, describing it as a high-grade copper-gold project led by former Bellevue Gold and Northern Star executives. Repeats the known growth plan and resource; no new results are stated in the readable text.
21 Sept 2023other● Neutral
Notice that 534,132 shares will be released from voluntary escrow on 28 September 2023. Administrative, with no new information.