(NewsDirect)
AuTECO Minerals Ltd (ASX:AUT) MD SteveParsons speaks with Proactive following news a name change to FireFlyMetals Ltd has been implemented following shareholder approval.Shareholders have also approved the one-for-15 consolidation of thecompany’s share capital. Parsons says the new name and shareconsolidation mark the company’s emergence as a significant copperand gold explorer following the acquisition of the Green BayCopper-Gold Project in Newfoundland in Canada.
“Green Bayalready has a resource of 39.2 million tonnes at 2.1% for 811,000tonnes copper equivalent and a multi-rig drilling program which isaimed at achieving substantial and rapid growth in the resource,"Parsons said.
“The combination of the substantial existingresource, the outstanding growth potential, the high-grade and thetier-one location positions FireFly perfectly to capitalise on thewidely forecast demand boom coming in energy transitionmetals."
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