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.
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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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.