Here's your design with finishing effects, and a few closeups for detail. This design is unique in that the central area of the design is backlit by the flames, so simple drop shadows often don't make sense. The flames now have a more 3D effect, with an outer glow which casts highlights on the horizontal bar and axe handle. The axe blade casts a shadow on the belt, but does not cast a shadow over the flames. The outside type is a smooth metal, with an almost neon highlight, and an embossed outer green trim. This keeps the letters clear and bright to remain readable at a distance, but upon closer inspection the fine detail becomes more apparent. The maltese has gentle metallic highlights, with a slight patina which gives it age. The belt has a leathery texture, with smooth metallic trim. The buckles are also a smooth metal.
The previous version is posted below.