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CuFe Ltd (ASX:CUF)

ALERT: Price-sensitive ASX Announcement for CUF
Current share price for CUF : $0.055 -0.006 (-9.84%)+
Announcement
Release
18 Jun 2026 9:07AM
Price at Release
$0.061
Full Release
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Summary
CuFe Ltd announced a significant update to the Gecko Copper-Gold Resource at the Tennant Creek Project. The updated Mineral Resource Estimate (MRE) for June 2026 increased the confidence in the resource by converting a substantial portion of the Inferred Mineral Resources to Indicated category, raising it from 4% to 66%. This was achieved through the incorporation of historical QAQC data and a geological model. The project, located 25 km northwest of Tennant Creek, is 55% owned by CuFe. The update includes 4,935 historical drillholes and reports the Gecko Mineral Resource above a 1.0% copper equivalent cut-off. The MRE's improvements enhance the potential for mine planning, economic evaluation, and further conversion of resources with upcoming drilling programs.
Key Points
  • JORC 2012 Mineral Resource Estimate update for Gecko Copper – Gold Deposit.
  • Indicated category increased from 4% to 66% through historical QAQC data and geological model.
  • CuFe owns 55% of Gecko deposit as part of Tennant Creek Project.
  • Gecko deposit is located 25 km northwest of Tennant Creek in Northern Territory.
  • Updated Mineral Resource Estimate incorporates 4,935 historical drillholes.
  • Copper equivalent value derived from multiple metal prices and recovery rates.
  • Gecko Mineral Resource reported at a 1.0% Cu equivalent cut-off.
  • Mining historically conducted underground from 1971 to 1999.
  • Plans for further drilling to convert Inferred to Indicated resources.
  • Updated MRE increases potential for development and economic evaluation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.