Overview

The addition of the Tilt Cove exploration property strengthens FireFly’s regional land holding by adding a further 115sqkm of exploration tenure that is continuous to the emerging world-class Green Bay copper-gold project. The 54% increase in land holding sees the Green Bay project grow to a total area of ~326sqkm.

The Tilt Cove property is highly prospective for volcanogenic massive sulphide (VMS) deposits similar to FireFly’s rapidly growing Ming mine that has recently increased its Resource to 59Mt @ 2% CuEq. Furthermore, the project contains strong potential for high-grade orogenic-style gold mineralisation.

A key target within the acquisition area is the namesake Tilt Cove copper-gold VMS deposit, which was one the world’s largest copper mines in the late 19th Century. A total of ~170,000t of copper and 50,000oz of gold was first mined between 1864 and 1917, with operations briefly resuming between 1957 and 1967.