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.
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 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.