Argonaut acted as Co-Manager to the A$65 million institutional share placement of FireFly Metals Limited (ASX: FFM).
A further 100,000m of resource extension, in-fill, DHEM discovery and regional drilling is planned at Green Bay. Proceeds will also underpin Phase II of the underground exploration drill drive development, pre-construction and study works and final payment for the acquisition.
The placement was strongly supported by several existing and new Australian and international institutions.
Argonaut is delighted to have worked with Steve Parsons, Darren Cooke and the broader FireFly team and looks forward to the Company’s ongoing success.
Additional information regarding the Company can be found on its website at https://fireflymetals.com.au/