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 companys share capital. Parsons says the new name and share consolidation mark the companys 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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AuTECO Minerals Ltd