ASX:CUF

4 stories mentioning ASX:CUFUpdated just now

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

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.

ASX:CUF

Asia24d ago

CuFe Says European Lithium Reduces Stake

CuFe (ASX:CUF) received notice that European Lithium (ASX:EUR) decreased their holdings in the company to 16.7% from 17.9%, according to a Monday Australian bourse filing.European Lithium now owns 342.4 million shares in the company, the filing said.

ASX:CUFASX:EUR

Asia30d ago

CuFe to Raise AU$15.4 Million Through Share Subscription Deal

CuFe (ASX:CUF) entered a binding share subscription agreement with Pan African Resources unit Tennant Consolidated Mining Group to raise about AU$15.4 million through the issue of 307 million shares at AU$0.05 each, according to a Tuesday filing with the Australian bourse.The mining firm will use the funds primarily to advance its flagship Tennant Creek projects in the Northern Territory and for working capital purposes.As part of the deal, Tennant nominated Peter Main as a non-executive director on CuFe's board.Additionally, the companies will create a technical committee to evaluate the status of the Tennant Creek project.

ASX:CUF

Asia43d ago

CuFe Completes Expanded Scoping Study at Northern Territory Project; Shares Jump 10%

CuFe (ASX:CUF) said an expanded scoping study on its 55%-owned Orlando project in the Northern Territory shows a net present value of around AU$705 million on a 100%-ownership basis, internal rate of return of 111%, and payback period of 10 months, according to a Wednesday Australian bourse filing.This improves to a net present value of around AU$908 million on a 100% ownership basis if spot prices as of April 8 are used, the company said.The Orlando project is part of the wider Orlando/Gecko project in which CuFe Tennant Creek holds a 55% stake and Gecko Mining, a subsidiary of Gold Valley Group, holds a 45% stake.The expanded study is based on a standalone development of the Orlando deposit, including the construction of a new processing plant, with plant purchase and installation costs of AU$86 million comprising the majority of the estimated AU$141 million total pre-production capital expenditure.The company is considering a cutback to the existing Orlando open pit, re-establishing underground operations and the installation of the plant capable of producing copper, gold, bismuth, and silver, per the filing.CuFe's shares rose past 10% in recent trading on Wednesday.

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