Firefly Metals outlines Green Bay PEA with post-tax NPV(7%) above A$2.2 billion for 1.8 Mtpa option
Reuters2026/08/25 00:25- Firefly Metals outlined a preliminary economic assessment for the Green Bay copper-gold project in Newfoundland, Canada, with two restart scale options.
- Post-tax NPV(7%) estimated at about A$2.2 billion for the 1.8 Mtpa case, with a 42% IRR.
- Upscaled 4.6 Mtpa case showed post-tax NPV(7%) of about A$3.0 billion, with a 40% IRR.
- Initial capital estimated at about A$513 million for 1.8 Mtpa; expansion capital about A$476 million for 4.6 Mtpa; payback 1.9 years or 3.7 years.
- Cash and liquid investments totaled about A$183.4 million with no debt; copper equivalent resources of 60.2 Mt at 2.4% CuEq (M&I).
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