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The latest update is out from CuFe Limited ( (AU:CUF) ).
CuFe Limited has announced a substantial update to its Gecko Copper/Gold Resource at the Tennant Creek Project, resulting in a 400% increase in copper metal tonnes and a significant rise in gold ounces compared to the previous estimate. This update, based on a comprehensive review of historical drill data, expands the resource to 18.4 Mt at 2.01% Cu and 0.25 g/t Au, enhancing the project’s scale and potential for further development. The inclusion of additional metals like bismuth and silver opens up new revenue streams, and the increased resource size supports the assessment of various development options, aligning with the recent Orlando Scoping Study. This development solidifies the Tennant Creek Project’s position as a significant asset in the Northern Territory, offering promising prospects for future exploration and development.
More about CuFe Limited
CuFe Limited is a company operating in the mining industry, primarily focusing on copper and gold resources. The company is involved in the exploration and development of mineral projects, with a significant focus on the Tennant Creek Project, which is a joint venture with a 55% interest held by CuFe.
YTD Price Performance: 20.0%
Average Trading Volume: 1,809,326
Technical Sentiment Signal: Sell
Current Market Cap: A$16.16M
For a thorough assessment of CUF stock, go to TipRanks’ Stock Analysis page.