NI 43-101 Technical Report Little Deer 2024

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# NI 43-101 Technical Report Little Deer 2024

Source: https://fireflymetals.com.au/wp-content/uploads/2026/04/20240626-FFM_Little_Deer_Tech_Report.pdf
Published: 2024-11-29T00:00:00+00:00
Fetched: 2026-05-12T14:53:42.822+00:00
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# NI 43-101 Technical Report Little Deer 2024
TECHNICAL REPORT
AND UPDATED MINERAL RESOURCE ESTIMATE
OF THE
LITTLE DEER COMPLEX COPPER DEPOSITS,
NEWFOUNDLAND, CANADA
LONGITUDE 56° 02’29” W AND LATITUDE 49° 33’55” N
UTM NAD83 ZONE 21N 569,330 m E AND 5,490,725 m N
FOR
FIREFLY METALS CANADA LIMITED
NI 43-101 & 43-101F1
TECHNICAL REPORT
FINAL
Eugene Puritch, P.Eng., FEC, CET, P&E Mining Consultants Inc.
Jarita Barry, P.Geo., P&E Mining Consultants Inc.
Timothy Froude, P.Geo., Independent Consultant
Prepared by:
P&E Mining Consultants Inc.
Report 459
Effective Date: June 26, 2024
Signing Date: November 29, 2024
TABLE OF CONTENTS
1.0 SUMMARY .........................................................................................................................1
1.1 Property Description and Land Tenure ....................................................................1
1.2 Access, Infrastructure, Physiography ......................................................................1
1.3 Historical Exploration, Development and Mining ...................................................2
1.4 Geology, Mineralization, Deposit Type...................................................................2
1.5 Exploration and Drilling ..........................................................................................3
1.6 Data Security and Verification.................................................................................3
1.7 Mineral Processing and Metallurgical Testing ........................................................4
1.8 Mineral Resources ...................................................................................................4
1.9 Environment, Permitting, and Community and Social Impacts ..............................6
1.10 Conclusions and Recommendations ........................................................................7
2.0 INTRODUCTION ...............................................................................................................9
2.1 Terms of Reference ..................................................................................................9
2.2 Sources of Information ............................................................................................9
2.3 Units and Currency ................................................................................................11
2.4 Glossary and Abbreviation of Terms .....................................................................12
3.0 RELIANCE ON OTHER EXPERTS ................................................................................17
4.0 PROPERTY DESCRIPTION AND LOCATION .............................................................18
4.1 Little Deer Complex Property Location ................................................................18
4.2 Property Description and Tenure ...........................................................................18
4.3 Property Acquisition Deal......................................................................................20
4.3.1 Background ............................................................................................... 21
4.3.2 Consideration ............................................................................................... 21
4.3.3 Conditions Precedent ................................................................................ 22
4.3.4 Completion................................................................................................ 23
4.4 Permits and Obligations .........................................................................................23
4.5 Other Significant Factors and Risks ......................................................................23
5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND
PHYSIOGRAPHY .............................................................................................................24
5.1 Access ....................................................................................................................24
5.2 Climate ...................................................................................................................24
5.3 Local Resources .....................................................................................................25
5.4 Infrastructure ..........................................................................................................25
5.5 Physiography..........................................................................................................28
6.0 HISTORY ..........................................................................................................................29
6.1 Little Deer Property ...............................................................................................29
6.2 Whalesback Property .............................................................................................30
6.3 Rambler Property Ownership 2013-2023 ..............................................................31
6.4 Historical and Previous Mineral Resource Estimates ............................................31
6.4.1 Pre-2009 Mineral Resource Estimates ...................................................... 31
6.4.2 2009-2010 Mineral Resources – Little Deer ............................................. 32
6.4.3 2011 Mineral Resources – Little Deer ...................................................... 34
6.4.4 2012 Mineral Resources – Whalesback .................................................... 35
6.5 Preliminary Economic Assessment........................................................................35
6.6 Past Production .....................................................................................................35
P&E Mining Consultants Inc. Page i
Firefly Metals Canada Limited, Little Deer Complex Copper Deposits, Technical Report No. 459
7.0 GEOLOGICAL SETTING AND MINERALIZATION ...................................................38
7.1 Regional Geology ..................................................................................................38
7.2 Property Scale Geology .........................................................................................39
7.3 Structural Geology .................................................................................................42
7.4 Geology and Mineralization at the Little Deer Deposit .........................................42
7.5 Geology and Mineralization at the Whalesback Deposit .......................................44
8.0 DEPOSIT TYPES ..............................................................................................................47
8.1 Metallogenic Model – Cyprus VMS Deposits .......................................................47
8.2 Deformation at Whalesback Deposit .....................................................................48
8.3 Little Deer Deposit Model .....................................................................................50
9.0 EXPLORATION................................................................................................................52
10.0 DRILLING .........................................................................................................................53
10.1 Little Deer Property ...................................................................................................53
10.1.1 1960 TO 1972 BRINEX ............................................................................ 53
10.1.2 1998 to 2000 Mutapa Gold Corp . ............................................................. 54
10.1.3 2007 to 2011 Cornerstone and Thundermin Joint Venture........................ 55
10.1.4 Rambler and Thundermin 2014 ................................................................ 63
10.2 Whalesback Property .................................................................................................65
11.0 SAMPLE PREPARATION, ANALYSES AND SECURITY ..........................................75
11.1 Sample Preparation and Security ...........................................................................75
11.1.1 2007 to 2011 Drilling ................................................................................ 75
11.2 Sample Preparation and Analysis ..........................................................................76
11.2.1 2007 to 2011 Drilling ................................................................................ 76
11.3 Quality Assurance/Quality Control Review ..........................................................76
11.3.1 2007 to 2009 Drilling ................................................................................ 77
11.3.1.1 Performance of Certified Reference Materials ........................ 77
11.3.1.2 Performance of Blank Material ................................................ 77
11.3.1.3 Performance of Secondary Laboratory Checks ....................... 77
11.3.2 2010 to 2011 Drilling ................................................................................ 77
11.3.2.1 Performance of Certified Reference Materials ........................ 77
11.3.2.2 Performance of Blank Material ................................................ 78
11.3.2.3 Performance of Secondary Laboratory Checks ....................... 78
11.4 Conclusion .............................................................................................................78
12.0 DATA VERIFICATION ...................................................................................................80
12.1 2011 Data Verification ...........................................................................................80
12.2 2011 P&E Site Visit and Independent Sampling ...................................................80
12.3 2021 P&E Site Visit and Independent Sampling ...................................................81
13.0 MINERAL PROCESSING AND METALLURGICAL TESTING .................................84
14.0 MINERAL RESOURCE ESTIMATE ...............................................................................88
14.1 Previous Mineral Resource Estimate .....................................................................89
14.2 Data Supplied .........................................................................................................89
14.3 Economic Considerations ......................................................................................92
14.4 Mineralization Domains.........................................................................................92
14.5 Exploratory Data Analysis .....................................................................................93
14.6 Compositing ...........................................................................................................95
14.7 Treatment of Extreme Values ................................................................................97
P&E Mining Consultants Inc. Page ii
Firefly Metals Canada Limited, Little Deer Complex Copper Deposits, Technical Report No. 459
14.8 Continuity Analysis ...............................................................................................97
14.9 Block Model...........................................................................................................98
14.10 Grade Estimation and Mineral Resource Classification ........................................98
14.11 Mineral Resource Estimate ....................................................................................99
14.12 Validation............................................................................................................

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