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CuFe Limited ( (AU:CUF) ) has provided an update.
CuFe Ltd reported a major upgrade to its Tennant Creek Orlando copper-gold mineral resource, with Indicated resources rising from 56% to 87% following new geological modelling and QAQC data, and the inclusion of silver and bismuth. This higher-confidence resource allows underground development options to be assessed, feeds into an expanded Orlando scoping study, and lifts the combined Gecko-Orlando inventory to 24.1Mt containing copper, gold, silver and bismuth, of which CuFe holds 55%.
The company is advancing an expanded Orlando scoping study that integrates open pit and underground mining and adds silver and bismuth revenue, while progressing a Gecko resource update to migrate more tonnes to the Indicated category to enable economic assessments. In parallel, CuFe and its Tennant Creek Copper Alliance partners secured about A$600,000 in government funding for pre-feasibility work on a multi-user processing plant, received traditional owner approvals for West Arunta fieldwork, and continued studies on a shorter-lead, lower-capital iron ore opportunity at Yarram.
More about CuFe Limited
CuFe Ltd is an Australian resources company focused on copper, gold and iron ore projects, primarily in the Tennant Creek region of the Northern Territory and Yarram in the same state, along with the North Dam project in Western Australia. Through joint ventures and its Tennant Creek Copper Alliance partnership, the company targets both development-stage base and precious metal assets and potential shared processing infrastructure to improve project economics and timelines.
YTD Price Performance: 33.33%
Average Trading Volume: 1,806,600
Technical Sentiment Signal: Buy
Current Market Cap: A$69.6M
See more insights into CUF stock on TipRanks’ Stock Analysis page.