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CuFe Limited ( (AU:CUF) ) has provided an announcement.
CuFe Ltd has strengthened its balance sheet with a $5.4m strategic placement and a further $1.4m from option exercises and asset sales, funding an aggressive work program at its flagship Tennant Creek project, where the combined Gecko-Orlando resource has been upgraded to 24.3Mt at 1.8% copper, 0.55 g/t gold, 2.8 g/t silver and 0.08% bismuth, highlighting meaningful exposure to the critical mineral bismuth. During the quarter the company secured approval for an Environmental Mining Licence covering 140 additional drill holes at Orlando and Gecko, completed archaeological surveys and advanced Aboriginal heritage approvals, and formalised the Tennant Creek Copper Alliance with Emmerson Resources and Tennant Minerals to investigate a shared processing plant, while also progressing early-stage work at its Yarram iron ore and West Arunta niobium-copper projects, underscoring a push toward de-risking and potentially accelerating development options across its portfolio.
The most recent analyst rating on (AU:CUF) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on CuFe Limited stock, see the AU:CUF Stock Forecast page.
More about CuFe Limited
CuFe Ltd is an Australian exploration and development company focused on copper, gold, iron ore and critical minerals, with key assets including a 55% joint venture interest in the Tennant Creek copper-gold project in the Northern Territory, a 50% interest in the Yarram iron ore mining rights, and 100% interests in the Camp Creek, North Dam and West Arunta projects. The company is positioning itself around copper and associated critical minerals such as bismuth, while also assessing near-term iron ore opportunities and gold prospects in Western Australia and the Northern Territory.
YTD Price Performance: 53.33%
Average Trading Volume: 3,482,154
Technical Sentiment Signal: Buy
Current Market Cap: A$75.98M
For an in-depth examination of CUF stock, go to TipRanks’ Overview page.