Firefly Metals (ASX:FFM) is progressing with plans to restart operations at the Green Bay Copper Gold Project in Canada. The company is laying the groundwork for an upscaled production restart, including constructing a new processing facility at the mine site. Firefly Metals is focused on copper and gold exploration and development. With a market capitalisation of $682.89 million, the company aims to become a significant player in the global resources sector.
Firefly Metals has already secured environmental approvals for the project’s processing plant, and construction permitting is underway. Concurrently, the company is conducting various studies to optimise mine design, scheduling, geotechnical aspects, power analysis, and tailings design. The company recently completed metallurgical testwork, a key component of the economic studies.
The testwork results showed metal recoveries to final copper concentrate from all samples averaged more than 98% for copper, 75% for gold, and 78% for silver, using an optimised flowsheet. Recent testing of pyrite flotation tails has achieved further improvements in precious metals recovery, with gold increasing to more than 85% and silver to 84%. These results demonstrate the potential for improved economic outcomes at the Green Bay project.
The company plans to complete a Scoping Study in Q1 2026, underpinned by a resource estimate update planned for Q4 2025. Managing Director Steve Parsons stated the company has ticked another important box along the path to unlocking the value of this asset with the metallurgical results returned.
