Company
CuFe Ltd
ASX:FEL
CuFe Ltd (ASX:CUF) is an emerging iron ore producer with a strategy focused on near-term, high-grade premium product iron ore projects and maintaining exposure to strategic metals. The company has interests in various advanced iron ore projects along with copper and gold interests in Australia.
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CuFe wraps up drill campaign at Yarram Iron Ore Project in the Northern Territory
“It’s pleasing to complete a further drill program at Yarram, which has always been an exciting project for us given there are so few iron ore projects in Australia that host high-grade iron ore so close to available capacity at an establis
CuFe hits high-grade copper and gold in maiden Orlando drilling campaign
“We see an opportunity at Orlando to cut back the existing open pit to access the remaining ore and this drilling provides valuable data to support that,” said executive director Mark Hancock.
CuFe delivers promising results in first pass metallurgical test-work for the Orlando deposit within Tennant Creek
“Not only do the test-work results point to the potential to utilise standard flotation for the Orlando copper oxides but the grade of rougher concentrate in this initial test, at 34.3%, was also very encouraging," said executive director M
CuFe to start drilling high grade iron ore at Yarram while operations continue at JWD
The company's immediate focus is on its upcoming drilling program at the Yarram Iron Ore Project close to the port of Darwin.
CuFe engages in review of Tennant Creek gold and copper resource
The company is forging ahead with an infill drilling program at the 60%-owned asset, including geotechnical and metallurgical drilling to support an updated estimation of the Orlando deposit for use in a possible expansion of the existing o
CuFe confirms high-grade iron ore mineralisation at Yarram Project with assay results
“It’s pleasing to validate the presence of high-grade mineralisation at Yarram via our own drilling. While this campaign was small given known time constraints it has provided us with valuable insight to support our next drilling campaign,"
CuFe advances JWD Iron Ore asset with pivotal Main Roads deal
CuFe's offtake partner has also executed a sale agreement for 360,000 wet metric tonnes of JWD product with a leading South-East Asian steel mill.
CuFe announces variation to terms of Tennant Creek acquisition agreement
The new terms will see CuFe make a cash down-payment of $1 million today, with the remainder delivered via a mix of shares and cash by July 1.
CuFe ramps up mining operation and haulage at JWD Iron Ore Project, will receive approximately $A220 on next shipment
“We will continue to supplement our physical sales with hedge positions to protect downside, as and when the market offers attractive levels to do so, which it has done in recent weeks," says MD.
CuFe makes strong operational progress at JWD Iron Ore Project
“We’ve focused on cost and cashflow management over the last quarter while prices have been weaker and start this quarter in a solid position with the mine fully operational and poised to benefit from the stronger prices expected in coming
CuFe Ltd completes acquisition of 60% Tennant Creek Gold-Copper Project interest and issue of securities
“It’s an exciting time to be entering the Tennant Creek area, with Emmerson Resources Ltd’s recent drilling results at its Hermitage deposit, which is located less than 20 kilometres from CUF’s ground, demonstrating the potential to discove
Fe Limited moves to improve JWD deal and extend mining rights to June 2024
The altered deal means FEL won’t have to front a $4.25 million payment to secure a mining right in January 2022. Instead, it can space out the payments and extend its mining rights into mid-2024.
Fe Limited secures terms much more attractive than current iron ore price for second JWD shipment
Final product quality assays from the first shipment confirm the JWD lump product as a high grade, competent material with a final Fe grade of 62.95%, low phosphorus levels of 0.04% and a low ‘fines in lump’ ratio of 6%.
Fe Limited becomes Australia’s newest exporter with maiden iron ore shipment
The emerging iron ore producer said bon voyage to its first lump iron ore shipment on Saturday, with the MV Bison setting sail for Southeast Asia.
Fe Limited jumps on rare opportunity to diversify copper-gold exposure
“We are pleased to identify this opportunity to diversify our commodity exposure to supplement our high-grade iron ore at Wiluna and our other NT iron ore project Yarram, which is located just over 100km from Darwin port, which presents the
Fe Limited offtake partner books vessel for maiden shipment from JWD Iron Ore Project
FEL has hedged the cargo on the basis of an October quotation period (pricing month) at a floor price of USD 160 per dry metric tonne basis 62% Fe.
Fe Limited builds premium JWD iron ore product at port and locks in prices through hedging
"Iron ore prices have been volatile in recent weeks, so the adoption of a product hedging strategy is wise to smooth this, and it's comforting to know we have attractive pricing locked in on our first three ships while retaining considerabl
Fe Limited exercises option to lift JWD interest to 60% in strong iron ore market
“With our JWD operations progressing well and iron ore prices remaining high it was a simple decision for us to exercise our option to increase our JWD interest to give our shareholders further exposure to this exciting project,” says chair
Fe Limited has “great vote of confidence” through Glencore offtake contract for JWD iron ore products
The leading international trading house will provide a US$7.5 million prepayment facility to assist FEL’s working capital requirements during the ramp-up phase.
Fe Limited sees first road trains leave JWD Iron Ore Project hauling product to port
"Mining and crushing operations have ramped up well so the team is now focused on ensuring the same happens with haulage as we build towards our first shipment,” says chairman Tony Sage.
Fe Limited secures key Geraldton Port contracts, decisions to mine at JWD Iron Ore Project finalised
Two key port agreements bring FEL a step closer to becoming an iron ore producer, with decisions to mine at the JWD project now finalised.
Fe Limited continues to drive JWD towards production with haulage contract awarded
David Campbell Transport Pty Ltd will provide haulage of a minimum of 1,200 tonnes per day with the contract pricing having an innovative floating price element.
Fe Limited sells Pilbara exploration tenements to focus on advanced iron ore projects
The company will now focus all funding and effort going forwards on the development of its advanced iron ore projects.
Fe Limited fires first blast at JWD Project amid robust iron ore market
The company is focused on finalising offtake arrangements to get to the JWD product to market as soon as possible to benefit from the elevated iron ore price.
Fe Limited acquires option to boost equity interest in near-production JWD Iron Ore JV to 60%
The company has paid a A$1 million refundable deposit to its joint venture partner to secure a three-month option to increase its equity in JWD from 51%.
Fe Limited ramps up development at near-production JWD Project in strong iron ore market
Mining contractor Big Yellow is finalising the next scope of works to keep the project on schedule in advance of commencement of full mining operations, with mobilisation of the remaining mining fleet planned to occur this weekend.
Fe Limited closer to production at JWD Iron Ore Project
The company has signed a camp accommodation contract, an LOI with a crushing and screening contractor and has received final environmental approvals to begin mining.
Fe Ltd moves closer to mining with key environmental approval granted for Wiluna West JWD Iron Ore Project
The approval represents the final primary environmental approval for the project and facilitates the construction of the crushing and screening plant and associated infrastructure on site.
Fe Ltd signs letter of intent with contractor Big Yellow as West Wiluna JWD Iron Ore Project nears production
FEL also welcomes two key team members - Eric Kiely and Stephen Danti – further strengthening its management team.
Fe Limited chairman shows sky-high confidence in near-term iron ore production strategy through early exercise of options
The company has two advanced high grade iron ore assets on a fast track to production at a period of strong iron ore prices and a positive outlook.
Fe Limited’s strongly supported $5.5 million placement set to fast-track iron ore projects
Funds raised will be used to fully fund development of the low capex, direct shipping Wiluna West JWD Iron Ore Project and drilling and approvals work at the Yarram Iron Ore Project.
Fe Limited aims to ship first iron ore by second quarter this year
The company outlined its strategy for near-term production from the JWD West Wiluna Iron Ore Project in a new investor presentation.
Fe Limited chairman shows faith in near-term iron ore production strategy by early exercise of options
The company has two near-term iron ore production-ready assets at a period of strong iron ore prices and a positive outlook.
Fe Limited takes another step towards near-term iron ore production with Yarram acquisition completed
"Our team visited the site earlier this month and are excited about its potential, so we look forward to conducting further drilling, environmental and stakeholder work in the new year,” says chairman.
Fe Limited progresses development of JWD Iron Ore Project with key works approval lodged
The company is progressing towards production in the near-term to take advantage of strong iron ore prices and the demand for high-quality product.
Fe Limited’s high-grade iron ore projects progressing on multiple fronts towards near-term production
“We are striving to take advantage of the demand that exists for high-quality product such as that envisaged to be produced from these projects,” says chairman.
Fe Limited directors provide strong vote of confidence in near-term iron ore production strategy
Executive director Mark Hancock and non-executive chairman Tony Sage have each purchased 2.5 million shares with a total value of $100,000.
Fe Limited appoints experienced iron ore executive to drive new projects into production
Mining engineer Jeremy Sinclair, who has experience in iron ore with Atlas Iron and Rio Tinto’s Pilbara Operations, has been appointed projects director.
Fe Limited to investigate gold potential along shear from recent De Grey discoveries
“Although the main focus of the company is getting our two near-term iron ore deposits into production, we should not pass up the opportunity to investigate the gold potential,” says chairman.
Fe Limited to fast-track advanced iron ore projects with royalty sale payment
The final $2.65 million payment from the Evanston Iron Ore royalty sale will be received this week to fund work at the new JWS and Yarram projects.
CuFe ramps up operations at JWD Iron Ore Project
The Wiluna West JWD deposit has a JORC 2004 estimate of 10.7 million tonnes at 63.7% iron with 60% in the measured category.
Fe Limited surges on agreement to acquire 50% of advanced iron ore project
With proximity to port and existing underutilised mining infrastructure, the company is aiming for early production from the Yarram project.
Fe Limited shares surge after Morck Well JV drilling returns high-grade gold hits
Further high-grade gold mineralisation has been intersected in wide spaced, first pass, regional aircore drilling at the Morck Well JV Project.
Fe Limited set for new Hillside work program after boosting cash at bank to $5.2 million
The company has received $3.46 million in proceeds from the first instalment of its $7 million sale of the Evanston Iron Ore Royalty.
Fe Limited step closer to completing $7 million iron ore royalty sale with buyer gaining FIRB approval
The only remaining condition is for the buyer Trident Resources to list on AIM, which is expected next week.
Fe Limited adding $7 million to bank balance after iron ore royalty interest sale is approved
Shareholders voted overwhelmingly in favour of the sale during an extraordinary general meeting on Friday.
Fe Limited aims to add $7 million to bank balance with sale of iron ore royalty
The proposed sale to a Trident Resources subsidiary will be put to a vote of shareholders at a general meeting next month.
Fe Limited buoyed by Sandfire’s broad high-grade gold results at Morck Well JV
The encouraging results follow FEL’s sale last week of a non-core iron ore royalty for $7 million cash.
Fe Limited to sell Evanston iron ore royalty for $7 million
The company is monetising the non-core asset to provide certainty of funding for exploration activities.
Fe Limited encouraged by results from initial drilling of Hillside project
The anomalous copper, cobalt, zinc and gold results support the company’s mineralised gossan model at the project.
Fe Limited boosts cash balance with $731,000 iron ore royalty payment
Increased payments are flowing from the royalty at Deception mine and coincide with Mineral Resources ramping up production.
Fe Limited negotiates shares valued in excess of $400,000 for sale of stake in two Bryah Basin tenements
The company is selling its 20% interest in the Peak Hill Joint Venture to Westgold Resources subsidiary Aragon Resources Pty Ltd.
Fe Limited eagerly awaits results from first phase of drilling targeting copper at Hillside
Results from the drilling of 36 holes for 1,798 metres at the Pilbara earn-in project are expected in early January.
Fe Limited gets drill spinning at Hillside to follow-up high-grade copper samples
Drilling will test potential supergene and hypogene mineralisation above and below the water table along the majority of the gossan line.
Fe Limited cash balance boosted by 2.5 times increase in iron ore royalty payment
The company is fully funded for upcoming drilling at Hillside earn-in project where very high-grade copper and manganese results were returned in sampling.
Fe Limited “very excited” by copper samples up to 18.8% plus 59.4% manganese oxide at Hillside
High-grade copper, gold, silver and base metals results have been received from outcrop sampling of Hillside Gossan over a 14-kilometre strike.
Fe Limited partners reveal encouraging gold and copper results from Bryah Basin
Sandfire Resources’ expenditure on the Bryah Basin Project now exceeds $6 million and a joint venture between Alchemy and Sandfire has been formed.
Fe Limited hits 61.3% and 58.1% iron in samples from North Pilbara earn-in tenement
Samples were taken during a reconnaissance trip to the property, which is directly along strike from the previously mined Atlas Abydos project.
Fe Limited strengthens board by appointment of Mark Hancock as executive director
The company recently encountered strongly anomalous gold and high levels of base metals during reconnaissance work at its Hillside project in WA.
Fe Limited plans to drill Hillside project targets with high levels of gold and base metals after 6.36% copper rock chip assay
Targets have been identified and drilling will begin as soon as possible.
Fe Limited identifies significant prospectivity at Hillside Project
The company’s focus is on the gold, copper and base metals potential of the Hillside Project.
Fe Limited to proceed with earn-in of Macarthur lithium and gold tenements in Pilbara
The decision follows successful due diligence on the package with stage I exploration to begin.
Fe Limited reveals favourable changes to lithium projects acquisition terms
The company is acquiring two highly prospective lithium projects in the Pilbara region.