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Firefly Metals Ltd
Metals and Mining
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About Firefly Metals Ltd
SOURCE
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FUND MANAGER
DATE
Katana Asset Management increased its position in FireFly Metals, topping up the holding at a reduced price during a period of share price indigestion following a $190 million capital raise at $1.78 and an accompanying share purchase plan. The manager regards FireFly's project as the best undeveloped copper mine on the ASX, containing 75 million tonnes at 2.5% copper equivalent, and expects it to become a lowest-quartile-cost producer globally once the mine is built and operational.
Article
11 Sep 2026
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Katana Asset Management
Increased
Article
Commentary
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Frequently asked questions about Firefly Metals Ltd (ASX:FFM)
Frequently asked questions
Who is investing in Firefly Metals Ltd (ASX:FFM)?
Fund managers including Endeavor Asset Management, Paragon Funds, SG Hiscock & Company, Perennial Partners, LSN Capital Partners and Katana Asset Management have invested in Firefly Metals Ltd (ASX:FFM).
What opportunities or catalysts do fund managers highlight for Firefly Metals Ltd?
Katana highlights a large, high-grade copper resource of 75 million tonnes at 2.5% copper equivalent, and LSN notes leverage to rising copper prices.
What are the key risks to the Firefly Metals Ltd investment thesis, according to fund managers?
Endeavor exited after strong gains, and earlier noted pressure following a broker downgrade, while FireFly still needs to fund and develop its project.
What is the short interest in Firefly Metals Ltd (ASX:FFM)?
The short interest in Firefly Metals Ltd (ASX:FFM) is 1.55% which makes it the 167th most shorted stock on the ASX. Of the 762.6M shares that Firefly Metals Ltd has on issue, 11.8M have been sold short.
What does Firefly Metals Ltd (ASX:FFM) do?
FireFly Metals Ltd. is an Australian mineral exploration company headquartered in West Perth. Established on August 3, 2004, the firm focuses on the development of mining projects across three key reporting segments: Green Bay, Pickle Crow, and Limestone Well. FireFly Metals conducts systematic exploration activities to identify and evaluate mineral resources within these designated project areas.