March 26, 2024
ASX Announcement
FireFly secures valuable port access just
6km from Green Bay Copper Project
Pivotal agreement follows latest strong drilling results and marks another step in strategy to establish Green Bay as major project with world-scale copper production
ASX FFM
Key Points
• FireFly secures Port Access Agreement to export up to 1Mt / year of mineral concentrate from Pine Cove Deep Water Port, located only 6km from Green Bay Copper-Gold Project
• Pine Cove Deep Water Port can receive Panamax Vessels and provides a much closer export facility than the Goodyear’s Cove Port currently available to Green Bay
• Process underway to monetise the Company’s Goodyear’s Cove Port
• FireFly is completing the acquisition of the additional 169sqkm of ground adjacent to
Green Bay from Gold Hunter Resources today
• Multiple high-priority targets to drill test over coming months with the additional tenure
• FireFly takes 8.4% (non-diluted) stake in Point Rousse Project owner, Maritime Resources Corp
FireFly Metals Ltd (ASX: FFM) is pleased to announce it has signed a Port Access Agreement with TSXV-listed Maritime Resources Corp (TSXV:MAE) (Maritime) under which FireFly can export up to 1Mtpa of mineral concentrate.
The agreement gives FireFly free and uninterrupted passage over Maritime’s Point Rousse tenements to provide access to the Pine Cove deep water Port (Property) for the purpose of transporting and exporting mineral concentrate.
The agreement also includes the right to construct storage and handling facilities on the Property.
The Company anticipates working with Maritime and other stakeholders of the Property and these related facilities to coordinate its operations as the development plan is implemented.
My Comments
There is a much larger development plan for all of these related facilities now being progressively implemented including consolidation of processing operations
ie the Hub and Spoke Bussiness Plan is in its implementation stages...