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Canada

Ming Mine

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Overview

Mine TypeUnderground
StatusCare and Maintenance
Commodities
  • Copper
  • Gold
  • Silver
Mining Method
  • Post Pillar Cut & Fill
  • Longhole stoping
  • Transverse stoping
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SnapshotThe Ming deposit is a high-grade copper-gold deposit located ~9 km east of the township of Baie Verte. The Ming deposit was originally mined from 1972 to 1982 and from 2012 to 2022.

In October 2023, FireFly announced the completion of the acquisition of all shares in Rambler Metals and Mining Canada Limited. As a result, the Company owns 100% of the Green Bay Copper-Gold Project.

The Green Bay Copper-Gold project comprises numerous assets, including:
-Ming underground mine;
-Little Deer exploration project;
-Nugget Pond processing plant & Goodyear’s Cove port;

The Mining Mine has been placed on Care and Maintenance as of 30 March 2023.

The Ming mine consists of a fully operating decline accessible to 950m below surface, and an existing 650m deep shaft. This functional infrastructure provides a significant platform for FireFly to rapidly increase the mineral resource for minimal capital outlay, setting the FireFly up for future mining operations.

Owners

SourceSource
CompanyInterestOwnership
FireFly Metals Canada Ltd. (operator) 100 % Direct
FireFly Metals Ltd. 100 % Indirect
Rambler Metals and Mining Canada Limited has a 100 per cent ownership in the Ming Copper-Gold Mine.

On 19 October 2023, FireFly Metals announced the completion of the acquisition of all shares in Rambler Metals and Mining Canada Limited and 1948565 Ontario Inc. As a result of the Acquisition, the FireFly Metals owns 100% of the Green Bay Copper-Gold Project. The project consists of multiple assets, headlined by the Ming underground mine.

On 20 October 2023, the name of Rambler Metals and Mining Canada Limited (owner and operator of Ming mine) was changed to FireFly Metals Canada Ltd.

Contractors

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Deposit type

  • VMS

Summary:

The Property is a Noranda-type VMS (Volcanogenic massive sulfide) hosted by Cambrian-Ordovician metavolcanic and metasedimentary rocks of the Pacquet Harbour Group. The style of mineralization, alteration, host rock, and tectonism most closely resembles other VMS deposits throughout the world. This deposit type is referred to as type G06 by the British Columbia Ministry of Energy, Mines and Petroleum Resources Deposit Profiles.

The polymetallic sulphide deposits in the Ming Mine area are known to contain copper, zinc and minor lead, gold and silver along with traces of other metals. Mineralization in the deposits has been classified in the past as either massive sulphide, footwall stringer, or disseminated ore.

More recent exploration on the Ming deposit has identified distinct zones of sulphide mineralization. This, in conjunction with ongoing academic studies, imply a somewhat greater complexity in orogeny of the Ming Mine and other deposits in the area based on distinct alteration and sulphide assemblages, mineralogical and textural variations and the structural setting of mineralization. For the current documentation there remain two dominant types of mineralization in the Ming deposit:
- Stratiform volcanogenic massive sulphide (MMS); and
- Disseminated stringers of sulphides (LFZ).

The MMS is recognized as a horizon which is open at depth, locally up to three metres in thickness with a strike length of at least 100 metres. Like other deposits in the area, it follows D2 planar fabric and is roughly parallel to the D2 extension lineation plunging 30 to 35 degrees northeast to a vertical depth of at least 1,000 metres. Several textural varieties of mineralization are recognized in the MMS horizon including massive pyrite ore, banded ore, massive chalcopyrite-pyrrhotite ore, and breccia ore.

The MMS has three different ore types. Massive pyrite ore, which is less than 70% pyrite, with chalcopyrite and minor amounts of galena, sphalerite, and silicate minerals. Banded ore consists of alternating bands of pyrite and chalcopyrite-quartz-actinolite-biotite. Massive chalcopyrite-pyrrhotite ore occurs as lenses and layers with up to 80% chalcopyrite. Minor amounts of arsenopyrite, galena, tetrahedrite, native gold, tennantite, and cubanite occur locally. There is up to 10% disseminated pyrite in the immediate footwall.

The LFZ is another mineralized horizon that lies approximately 100 metres below the MMS horizon. The LFZ strike length is approximately 1,700 metres and has a thickness that varies from 200 metres to 290 metres. Base metal assays from drilling are variable indicating that there are clusters of chalcopyrite and pyrite / pyrrhotite stringers which are separated by less mineralized rock. Gold values in the LFZ are generally less than 0.5 g/t and only trace amounts of zinc have been reported. The LFZ is transected by fine to medium grained basic dykes interpreted as feeder dykes to a mafic sequence in the hanging wall above the MMS.

The LFZ is an alteration zone consisting dominantly of chloritic schist that contains varying percentages of chalcopyrite and pyrite which occur as stringers with lesser amounts of pyrrhotite and sphalerite. The LFZ is parallel to the D2 planar fabric and extension lineation, appears to be conformable to the overlying MMS and as such, can be interpreted as the feeder or stockwork alteration zone to the MMS a relationship consistent with the VMS model. The exact location of the hydrothermal conduit responsible for alteration in the LFZ and mineralization in the overlying MMS has been obscured through deformation; however in its plunge direction the LFZ itself may represent a structural conduit that allowed the ascent of hydrothermal fluid. The extent of the LFZ is unknown as it is open both up and down plunge. Recent drilling has traced mineralization 1,500 metres down plunge.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnits20222021202020192018201720162015
Copper Metal in concentrate M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe129.28.71010
Copper Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe2016151717
Gold Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe4,8874,1893,3577,5495,335
Silver Metal in concentrate oz 53,83039,706

Operational metrics

Metrics20222021202020192018201720162015
Daily milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe1,250 t850 t
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe406,298 dmt364,176 dmt339,631 dmt241,080 dmt215,535 dmt
Daily ore mining rate  ....  Subscribe  ....  Subscribe  ....  Subscribe1,113 t998 t1,118 t650 t650 t
Daily milling rate  ....  Subscribe  ....  Subscribe  ....  Subscribe1,108 t1,260 t

Production Costs

Commodity20212020201920182017
C1 cash costs Copper  ....  Subscribe  ....  Subscribe 2.77 / lb **  USD 3.52 / lb **  USD 2.86 / lb **  USD
C3 fully allocated costs Copper  ....  Subscribe  ....  Subscribe 3.82 / lb **  USD 4.78 / lb **  USD 3.91 / lb **  USD
** Net of By-Product.

Financials

Units20212020201920182017
Revenue M USD  ....  Subscribe  ....  Subscribe 37.1   29.7   30.3  
Gross profit M USD
After-tax Income M USD  ....  Subscribe  ....  Subscribe -12.2   -20   -4.1  
EBITDA M USD  ....  Subscribe  ....  Subscribe -1.3   -7.5   2.8  
Operating Cash Flow M USD  ....  Subscribe  ....  Subscribe -3.2   -2.3   1.3  

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 26, 2024
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EmployeesYear
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Aerial view:

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