Firefly Metals PEA values Green Bay copper-gold project at A$2.2 billion NPV in 1.8 Mtpa base case

Reuters2026/08/25 00:44

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Firefly Metals released a PEA for restarting the Green Bay Ming copper-gold mine in Canada, outlining a multi-decade operation.
Base 1.8 Mtpa case: after-tax NPV(7%) about A$ 2.2 billion, IRR 41%, initial mine life about 32 years, payback 1.9 years.
Alternative 4.6 Mtpa case: after-tax NPV(7%) about A$ 3 billion, IRR 39%, initial mine life about 22 years, payback about 3.7 years.
Initial capital estimated at A$ 513 million for the base case; expansion capital A$ 476 million for the larger case.
An A$ 180 million equity raising at A$ 1.78 per share was launched, with a share purchase plan targeting up to A$ 10 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Firefly Metals Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608242044PRIMZONEFULLFEED9815368) on August 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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