Speaking at the Diggers & Dealers conference in Kalgoorlie, FireFly managing director Steve Parsons said he saw Pickle Crow as one of the larger high-grade gold opportunities in a tier one jurisdiction globally, with current inferred resources of nearly 3 million ounces grading 7.2 grams per tonne gold.
Given the inferred status, the deposit needs a major drill-out.
Though FireFly had A$40.6 million in cash and liquid assets at the end of June, the explorer has 100,000m of drilling ahead of it in the current financial year at Green Bay.
A new resource estimate for Green Bay is due this half (and next), with the copper deposit currently calculated to be 39.2 million tonnes grading 1.83% copper and 0.5 grams per tonne gold for 811,000t of contained copper.
While Parsons’ major focus in the past couple of decades has been on gold projects — Banfora in Burkina Faso and Bellevue in Western Australia — he sees drilling results from Green Bay as demonstrating “world-class potential”.
He also noted the lack of quality copper opportunities for investors on the ASX.
FireFly aims to complete a bankable feasibility study at Green Bay by the end of next year.
