CuFe ramps up exploration with positive soil results and heritage agreement
April 10, 2024 at 12:51 pm EDT
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CuFe Ltd (ASX:CUF) executive director Mark Hancock sits down with Proactive’s Jonathan Jackson to share insights about the promising outcomes of a comprehensive soil geochemical program and the strategic Heritage Protection Agreement ahead of drilling at the North Dam Project. Hancock discusses the geochemical results, which have not only broadened the scope of lithium oxide anomalies but also sharpened the focus for the initial drilling stage. This development signifies a leap forward in CuFe's exploration efforts, bolstering the company's prospects in identifying viable lithium resources. The partnership with Marlinyu Ghoorlie Native Title Claimant Group through a Heritage Protection Agreement was highlighted as a pivotal step, ensuring exploration activities proceed respectfully and beneficially for both parties. This collaboration underscores the importance of local support and the mutual advantages of sustainable and responsible resource development. With heritage surveys pending, CuFe anticipates starting its drilling operations this quarter, aiming to unveil the potential of a significant lithium system in the Spargoville and North Dam region. Hancock points out the active exploration by various junior and major companies in the area, which underscores the region's mineral potential. Hancock also talks through the company’s copper and iron ore projects and the news expected to flow from those.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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CuFe Ltd is an Australia-based mineral exploration and producing company. The Company is focused on iron ore projects and exposure to key strategic metals, copper and lithium. It has interests in various projects and tenements prospective for copper, gold and iron ore, all located in Australia. Its projects and interests include Tennant Creek Copper Project, Bryah Basin Joint Venture Projects, JWD Deposit and Yarram Iron Ore Project. It operates and holds a 60% interest in the Tennant Creek Project. It also operates and holds a 50% interest in the Yarram Iron Ore JV. The Yarram Iron Ore Project is located approximately 110 kilometers (km) from Darwin Port in the Northern Territory. It also operates two exploration licenses, including E80/5925 and P45/3061. E80/5925 is located in the West Arunta region, approximately 620 km south of Kununurra. P45/3061 is located in the Tambourah region of the Pilbara, approximately 90 km south of Pilgangoora and Wodgina Lithium Operations.
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