OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor FFM ASX (primary listing) and TSX

FireFly Metals Ltd

Scoping Study Developer · Copper · Gold · CA Rating locked: sign in to view v8.1 · ffm-20261031t172750-full
Last 2026-11-06
A$1.32
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$1.2B
EV
A$816.5M
Cash
A$337.1M
Debt
A$0

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory21 documents
Application for quotation of securities - FFMCorporate Action · LowExtracted

Appendix 2A: 100,000 ordinary shares issued on conversion of performance rights; 872,770,736 ordinary shares and 44,949,180 unquoted performance rights on issue after quotation.

Document ID
appx2a_20261029
Published UTC
2026-10-29T06:10:56Z
Projects
—
Commodities
—
Open original source ↗
FFM.AX ASX close 30 October 2026Market Data · LowExtracted

Latest eligible local ASX close for one FFM ordinary share: A$1.355 (high 1.415, low 1.35, volume 4,310,798) on 30 Oct 2026, 1 calendar day before the cutoff; provider market data provider via miners.collect_stock_prices; command python -m miners.reference_price FFM --valuation-date 2026-10-31.

Document ID
ref_price_20261030
Published UTC
2026-10-30T05:10:00Z
Projects
—
Commodities
—
Open original source ↗
Market snapshot: price performance, liquidity and commodity spotMarket Data · MediumExtracted

python -m miners.v8db.market_snapshot FFM --cutoff 2026-10-31: 52-week range A$1.225-2.32, 12M return -23.0% (-31.9% relative to the mining index), 20-day average traded value A$7.3m; copper US$14,509/t (US$6.58/lb) on 29 Oct 2026 against a one-year average US$13,290/t and a three-year average US$10,897/t; gold US$4,031/oz; silver US$52.19/oz; AUD/USD 0.694. The peer table of the stock database is empty for copper.

Document ID
market_snapshot_20261031
Published UTC
2026-10-30T05:10:00Z
Projects
—
Commodities
copper · gold · silver
Open original source ↗
Local ASX price and market-cap database: copper peer setMarket Data · LowExtracted

Peer closes on 30 Oct 2026 and 12-month returns from daily_stock_prices, and share counts implied by asx_mining_companies market cap divided by price on 9 Aug 2026, for Sandfire (SFR), 29Metals (29M), Aeris (AIS), Cyprium (CYM) and Hot Chili (HCH). Peer resource, production and EBITDA data were not retrieved, so those metrics are left null.

Document ID
peer_prices_20261030
Published UTC
2026-10-30T05:10:00Z
Projects
—
Commodities
copper
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted

September 2026 quarterly activities report and Appendix 5B: PEA, August 2026 MRE, A$180m raising plus A$4.975m SPP, cash A$337.1m at 30 Sep 2026, Mount Joy VMS discovery, FID targeted mid-2027.

Document ID
q_sep26_20261029
Published UTC
2026-10-28T22:16:45Z
Projects
green_bay_ming · little_deer
Commodities
copper · gold · silver
Open original source ↗
FireFly LME Week Investor PresentationPresentation · MediumExtracted

LME Week investor presentation: development timeline (DFS Q1 2027, debt and offtake Q2 2027, FID 2027, copper production 2029), resource statistics and copper project comparison appendix.

Document ID
lme_presentation_20261020
Published UTC
2026-10-19T23:06:15Z
Projects
green_bay_ming
Commodities
copper
Open original source ↗
Becoming a substantial holderCorporate Action · LowExtracted

Form 603: State Street Corporation became a substantial holder on 9 Oct 2026; the holder ceased on 20 Oct 2026 after oscillating around the 5% threshold.

Document ID
holder_statestreet_20261013
Published UTC
2026-10-13T08:38:35Z
Projects
—
Commodities
—
Open original source ↗
Change of Director's Interest Notice x 4Governance · LowExtracted

Appendix 3Y notices: each of four directors acquired 16,853 shares under the SPP on 30 Sep 2026.

Document ID
director_interests_20260930
Published UTC
2026-09-30T06:51:00Z
Projects
—
Commodities
—
Open original source ↗
Results of Share Purchase PlanFinancing · MediumExtracted

SPP closed 23 Sep 2026: 333 applications, A$4,975,000 at A$1.78, 2,794,621 new shares issued 30 Sep 2026.

Document ID
spp_results_20260930
Published UTC
2026-09-29T22:56:44Z
Projects
—
Commodities
—
Open original source ↗
Independent Technical Report for PEA and Resource UpdateStudy · MediumExtracted

Announcement of the NI 43-101 technical report for the PEA and MRE; states filed report contains immaterial capex updates to the expansion case with no impact on NPV.

Document ID
itr_notice_20260923
Published UTC
2026-09-22T23:23:38Z
Projects
green_bay_ming
Commodities
copper
Open original source ↗
Annual Report to shareholdersResults · HighExtracted

FY26 annual report (year to 30 Jun 2026): audited statements, share capital note, Pickle Crow divestment to Bellavista, board and executives, top-20 and substantial holders, resource statement.

Document ID
ar_fy26_20260918
Published UTC
2026-09-17T22:19:43Z
Projects
green_bay_ming · little_deer
Commodities
copper
Open original source ↗
Green Bay PEA confirms Scale, Long Life and Strong ReturnsStudy · HighExtracted

Green Bay Ming Mine PEA (1.8Mtpa base case and 4.6Mtpa upscale case) and August 2026 Mineral Resource update: NPV7% A$2.2B/A$3.0B, capex, opex, tax, sensitivities, permitting and funding.

Document ID
pea_20260825
Published UTC
2026-08-24T23:48:00Z
Projects
green_bay_ming · little_deer
Commodities
copper · gold · silver
Open original source ↗
FireFly Bolsters Funding for Project Development and GrowthFinancing · HighExtracted

Launch of the A$180m equity raising at A$1.78 (ASX placement A$150m via Canaccord, TSX bought deal ~A$30m via BMO) plus up to A$10m SPP; use of funds.

Document ID
raise_launch_20260825
Published UTC
2026-08-24T23:52:00Z
Projects
green_bay_ming
Commodities
copper
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportResults · MediumExtracted

June 2026 quarterly Appendix 5B: cash A$184.3m at 30 Jun 2026.

Document ID
q_jun26_20260728
Published UTC
2026-07-27T23:04:44Z
Projects
green_bay_ming
Commodities
copper
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportResults · LowExtracted

March 2026 quarterly Appendix 5B: cash A$206.8m at 31 Mar 2026.

Document ID
q_mar26_20260430
Published UTC
2026-04-29T22:58:26Z
Projects
green_bay_ming
Commodities
copper
Open original source ↗
Global refined copper market to swing to surplus in 2026, group says (ICSG April 2026 forecast)Commodity Data · LowMetadata Only

International Copper Study Group April 2026 forecast as reported by Engineering News: refined copper balance swings to a small surplus (about 96kt) in 2026 and a larger surplus (about 377kt) in 2027, on refined output growth of about 3% against demand growth of about 2%. Read from the search-result summary only (page body not retrieved).

Document ID
web_icsg_20260423
Published UTC
2026-04-23T01:00:00Z
Projects
—
Commodities
copper
Open original source ↗
Copper: medium-term upside on tightening outlook - Commerzbank (FXStreet, 17 April 2026)Commodity Data · LowMetadata Only

Commerzbank (via FXStreet) sees medium-term copper upside on a tightening outlook, conditional on ICSG showing persistent shortages in 2027; contrasts with the ICSG surplus call. Read from the search-result summary only (page body not retrieved).

Document ID
web_commerzbank_20260417
Published UTC
2026-04-17T01:00:00Z
Projects
—
Commodities
copper
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportResults · LowExtracted

December 2025 quarterly Appendix 5B: cash A$230.0m at 31 Dec 2025.

Document ID
q_dec25_20260130
Published UTC
2026-01-29T21:51:34Z
Projects
green_bay_ming
Commodities
copper
Open original source ↗
Highly successful A$139m raising to fund growth and studiesFinancing · MediumExtracted

December 2025 raising: ~A$134.1m firm commitments (institutional placement A$1.70, charity flow-through A$2.09, Canadian bought deal) plus A$5m SPP, funding a nine-rig drilling campaign and upscaled studies.

Document ID
raise_dec25_20251204
Published UTC
2025-12-03T22:29:51Z
Projects
green_bay_ming
Commodities
copper
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportResults · LowExtracted

September 2025 quarterly Appendix 5B: cash A$114.3m at 30 Sep 2025.

Document ID
q_sep25_20251030
Published UTC
2025-10-29T22:01:03Z
Projects
green_bay_ming
Commodities
copper
Open original source ↗
Annual Report to shareholdersTransaction · MediumExtracted

FY24 annual report: acquisition of Rambler Metals and Mining Canada Ltd and 1948565 Ontario Inc (Green Bay project) on 19 Oct 2023 for A$65.1m total consideration; Maritime port access agreement.

Document ID
ar_fy24_20240906
Published UTC
2024-09-05T22:17:41Z
Projects
green_bay_ming · little_deer
Commodities
copper
Open original source ↗
Evidence facts35
q-cashCash and cash equivalents

337115000 AUD

2026-09-30
q-pea-npvPEA 1.8Mtpa after-tax NPV7%

2200000000.0 AUD

2026-08-25
q-capexInitial capital (net of tax credits), 1.8Mtpa

516000000.0 AUD

2026-10-29
q-fidFID target

mid-2027 None

2026-10-29
a2a-sharesOrdinary shares on issue

872770736 shares

2026-10-29
a2a-rightsUnquoted performance rights

44949180 rights

2026-10-29
pea-npvAfter-tax NPV7%, 1.8Mtpa

2194000000.0 AUD

2026-08-25
pea-irrAfter-tax IRR, 1.8Mtpa

41.8 %

2026-08-25
pea-opexOperating cost, 1.8Mtpa

127 AUD/t milled

2026-08-25
pea-taxEffective project tax rate

39 %

2026-08-25
rl-priceOffer price

1.78 AUD/share

2026-08-25
rl-sizeEquity raising size

180000000.0 AUD

2026-08-25
spp-amtSPP applications received

4975000 AUD

2026-09-30
spp-shSPP shares issued

2794621 shares

2026-09-30
ar-equityTotal equity

425174000 AUD

2026-06-30
ar-sharesOrdinary shares at 30 Jun 2026

768785998 shares

2026-06-30
ar-shares-pyOrdinary shares at 30 Jun 2025

643069099 shares

2025-06-30
ar-ocfOperating cash flow FY26

-8218000 AUD

2026-06-30
ar24-consTotal consideration for Rambler Metals and Mining Canada Ltd and 1948565 Ontario Inc

65100000.0 AUD

2023-10-19
itr-capexFiled technical report carries immaterial capex updates to expansion case

immaterial text

2026-09-23
lme-dfsDFS targeted

Q1 2027 text

2026-10-20
di-parsonsShares acquired by Stephen Parsons under SPP

16853 shares

2026-09-30
ss-dateState Street became substantial holder

2026-10-09 date

2026-10-09
qj-cashCash at 30 Jun 2026

184295000 AUD

2026-06-30
qm-cashCash at 31 Mar 2026

206835000 AUD

2026-03-31
qd-cashCash at 31 Dec 2025

229967000 AUD

2025-12-31
qs-cashCash at 30 Sep 2025

114318000 AUD

2025-09-30
rd-priceInstitutional placement price

1.7 AUD/share

2025-12-04
rd-sizeFirm commitments

134100000.0 AUD

2025-12-04
px-closeASX close

1.355 AUD/share

2026-10-30
px-volVolume

4310798 shares

2026-10-30
ms-cuCopper spot

14508.62 USD/t

2026-10-29
ms-auGold spot

4031.4 USD/oz

2026-10-29
ms-agSilver spot

52.191 USD/oz

2026-10-29
ms-fxAUD per USD

1.4407 AUD/USD

2026-10-29
Conflicts requiring judgment1
  • Initial capital cost, 1.8Mtpa base case (net of refundable tax credits)

    The 29 Oct 2026 quarterly restates initial capex at A$516M (A$513M in the 25 Aug 2026 PEA) and sustaining capex at A$898M (A$876M); the later, post-technical-report figure is used and the A$3M initial capex difference is immaterial to value.