In the Siren Isle, you will have various different sources that will give you different amounts of Flame-Blessed Iron. In general, everything on the island (more or less) drop this currency. The harder content, the more currency.
One relatively new system has been implemented in WoW when it comes to currency drop. Some sources will drop a lesser amount of the currency if looting it again on the same day and sometimes same week.
Here is a list of all the sources and how much Flame-Blessed Iron they drop.
Non-elite mobs
These are mobs that are in the island during the storm and non-storm. Based on what mobs it is, you get different amounts.
Flame-Blessed Iron: 1-5
Elite Mobs
Some of the mobs that on the island are elites. They will drop slightly higher currency.
Flame-Blessed Iron: around 11
Seafarer´s Cache
This type of chest is scattered around the island. You will find most of these Seafarer´s Caches in the water around the island, mainly on the north side.
Flame-Blessed Iron: 8-11
Special chests
There are some on time chests, and weekly chests. Based on which of the type of mobs you have in the island (Vrykul. naga, pirate), there is a chest tied to those mobs, and you achieve it in different ways.
Flame-Blessed Iron: 36
Rares
There are rares scattered around the island during the normal phase and also other types of rares during the storm phase. The rares in the storm phase will always be the same tipe of rares in the storm phase. But, in the normal phase, there are 3 rares that will swap each week, based on what type of mobs are on the island (Vrykul. naga, pirate).
All these rares have different spawn time and also different amount of Flame-Blessed Iron.
Flame-Blessed Iron: 28-182
Warning
When you kill a rare the first of the day, you will get 100% currency loot. But, if you kill the same rare again with the same character, on the same day, you will get approx 50% currency loot.
Flame-Blessed Iron (when killed more than once a day): 28-90
Elite Rares
There are 3 types of elite rares on the island. These elite rares must be spawned via a contribution table in the camp. Once the contribution reaches 100%, you will get access to a cave in which the elite rare will be. Once an elite rare is killed, it will take 5 minutes for the contribution table to be active again for that cave, and then you can contribute again and activate the elite rare again. It takes approx 2 min for the cave to be available once activated.
Flame-Blessed Iron: 180 per elite rare
Warning
When you kill an elite rare the first of the day, you will get 100% currency loot. But, if you kill the same elite rare again with the same character, on the same day, you will get approx 50% currency loot instead.
Flame-Blessed Iron (when killed more than once a day): 180-90
Crate of bygone Riches
These are chests that you will get either from the elite rare event or from the World Quest.
When a contribution has been made (you don't have to contribute), and an elite rare is active, you will be rewarded when killing it. There are two types of rewards, a Crate of Bygone Riches, or a gem for your ring. If you have the gem that it rewards, then it will automatically turn in to a crate as reward. Similar with the world quest which has a gem as main reward, but if you have that gem, you will be rewarded with a crate instead. These crates have a chance to give you veteran gear, or a transmog.
Flame-Blessed Iron: around 16
Weekly Quests
Each week, you will get 7 weekly quests on the island. Most of the quests are in the normal phase of the island (non-storm), and some are in the storm phase. During the normal phase, you will find some located in the camp. Some are scattered on the island with a total of 5.
In the storm phase, you will have 2 scattered on the island.
Flame-Blessed Iron: 200 per quest
WARNING
If you have completed a daily quest on one character, then the reward is 50% less when completing it on another character in your battlenet.
Flame-Blessed Iron: 100 per quest
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