FireFly Metals Ltd has finalized the in-specie distribution of Bellavista Resources shares to its eligible shareholders while maintaining rigorous reporting standards for its Green Bay project.
FireFly Metals Ltd Mineral Resource Estimates for the Green Bay Copper-Gold Project, incorporating the Ming Deposit and Little Deer Complex, are prepared and reported in accordance with the JORC Code 2012 and NI 43-101.. Mineral Resources have been reported at a 1.0% copper cut-off grade.. Metal equivalents for the Mineral Resource Estimates have been calculated at a copper price of US$8,750/t, gold price of US$2,500/oz and silver price of US$25/oz.. Metallurgical recoveries have been set at 95% for copper and 85% for both gold and silver.. These assumptions are made of the basis of historical production at the Ming Mine and additional metallurgical test work.. Copper equivalent was calculated based on the formula: CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) + (Ag(g/t) x 0.00822).. Totals may vary due to rounding.
FireFly Metals, Bellavista Resources, Green Bay project, copper mining, JORC Code, mineral resources, in-specie distribution