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CuFe Reports Updated Resource for 55%-Owned Gecko Copper-Gold Project in Northern Territory

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CuFe (ASX:CUF) disclosed a mineral resource update to its 55%-owned Gecko Copper-Gold Resource at its Tennant Creek project in the Northern Territory, according to a Thursday Australian bourse filing.

The company said the total resource stands at 17.8 million tonnes at 2.55% copper equivalent, comprising an indicated resource of 11.73 million tonnes at 2.43% copper equivalent and an inferred resource of 6.05 million tonnes at 2.78% copper equivalent.

The new mineral resource estimate has seen indicated tonnes grow from 4% to 66% through the sourcing of historical data and the creation of a geological model, the filing added.

The company's shares rose 2% in recent Thursday trade.

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