We recently completed a site visit to FFM’s Ming Mine and Green Bay Project area, Newfoundland, Canada. The project appears to be everything promised and more. FFM has achieved a solid amount of work since taking possession of the project 11 months ago. Development of the exploration drive continues, with multiple rigs testing down plunge extents of the known Resource. The mine is both exceptionally geotechnically stable and dry. Green Bay shows promise for an upscaled mine with a +45ktpa copper production profile. Resource expansion drilling over the coming periods will be key to underpinning future studies. Assay confirmation of mineralisation correlated with recently defined EM targets would be beneficial to the share price. The expected sale of the Pickle Crow gold project would provide additional funding. We anticipate FFM’s October Ming MRE update to materially improve on the current 30.1Mt at 2.1% CuEq Resource.
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