AuTECO Minerals has big plans for Green Bay following name change | News Direct

AuTECO Minerals has big plans for Green Bay following name change

AuTECO Minerals Ltd
News release by AuTECO Minerals Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon Melbourne, Victoria | November 27, 2023 01:30 PM Eastern Standard Time

AuTECO Minerals Ltd (ASX:AUT) MD Steve Parsons speaks with Proactive following news a name change to FireFly Metals Ltd has been implemented following shareholder approval. Shareholders have also approved the one-for-15 consolidation of the company’s share capital. Parsons says the new name and share consolidation mark the company’s emergence as a significant copper and gold explorer following the acquisition of the Green Bay Copper-Gold Project in Newfoundland in Canada.

“Green Bay already has a resource of 39.2 million tonnes at 2.1% for 811,000 tonnes copper equivalent and a multi-rig drilling program which is aimed at achieving substantial and rapid growth in the resource," Parsons said.

“The combination of the substantial existing resource, the outstanding growth potential, the high-grade and the tier-one location positions FireFly perfectly to capitalise on the widely forecast demand boom coming in energy transition metals."



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