FireFly Metals Ends September Quarter With Nearly AU$350 Million Cash, Liquid Investments; Shares Down 3%
MT Newswires Live08:08
FireFly Metals (ASX:FFM) held about AU$349.7 million in unaudited cash and liquid investments as of Sept. 30, according to a Thursday Australian bourse filing.
Over the quarter, a preliminary economic assessment, supported by an independent technical report, established the potential for its Green Bay project to become a large-scale, multi-decade operation, the filing added.
The 4.6 million tonne-per-year case shows a net present value, discounted at 7%, of AU$3 billion and an internal rate of return of 39%, the filing added.
FireFly Metals shares fell 3% in recent Thursday trade.
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