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CuFe Limited ( (AU:CUF) ) just unveiled an update.
CuFe Limited has released an expanded scoping study for its 55%-owned Orlando copper-gold project at Tennant Creek, now incorporating underground mining and additional revenue from bismuth and silver. The standalone development envisages an 850,000 tonnes per annum processing plant and leverages Orlando’s existing mining lease and prior open pit and underground operations to streamline approvals.
The study indicates a project NPV of about $705 million on a 100% basis, rising to roughly $908 million at recent spot prices, supported by a production schedule of 4.6 million tonnes from the open pit with attractive copper and gold grades. CuFe plans to investigate capex reduction options, potential plant-sharing with alliance partners, and a fast-start cutback with toll treatment to generate early cash flow, while increasing its Tennant Creek resource conversion and advancing offtake and strategic investment discussions.
More about CuFe Limited
CuFe Limited is an Australian resources company focused on copper and gold exploration and development, with a key presence in the Tennant Creek region of the Northern Territory. The company operates the Orlando/Gecko joint venture, holding a 55% interest in the Orlando project, and targets the production of copper-gold concentrates for export and potential downstream processing.
YTD Price Performance: 36.67%
Average Trading Volume: 1,565,194
Technical Sentiment Signal: Buy
Current Market Cap: A$71.34M
For an in-depth examination of CUF stock, go to TipRanks’ Overview page.