CuFe's Acquisition of E80/6052 and Geophysical Targets

CuFe Ltd (ASX: $CUF) has acquired exploration application E80/6052, expanding its position in the emerging West Arunta Niobium province to over 281 km². The geophysical review of 3D inversion modelling magnetic data over the new tenure has identified two prospective targets within E80/6052. The company is in negotiations with the Parna Ngururrpa Traditional Owners Group to facilitate the commencement of on-ground works.

Executive Commentary on West Arunta Tenure Acquisition

We are pleased to acquire new ground in the exciting West Arunta region. This acquisition gives us an additional target area that shows the right geophysical characteristics to represent carbonatites / intrusive bodies. The tenement has synergies with our existing landholding and there has been very little exploration undertaken in this area historically. We continue to work with Parna Ngururrpa Traditional Owners Group in aim of securing a heritage and land access agreement, which is required to commence on ground works given the tenure is located within an Aboriginal Reserve area.

Summary of CuFe's West Arunta Tenure Acquisition

CuFe Ltd (ASX: $CUF) has expanded its position in the emerging West Arunta Niobium province by acquiring exploration application E80/6052, increasing its tenure to over 281 km². The geophysical review has identified two prospective targets within the new tenure. The company is in negotiations with the Parna Ngururrpa Traditional Owners Group to facilitate the commencement of on-ground works. The acquisition provides CuFe with additional target areas showing the right geophysical characteristics for carbonatites / intrusive bodies. The company continues to work towards securing a heritage and land access agreement to commence on-ground works. The new tenement's historical lack of exploration presents an opportunity for CuFe to explore and potentially develop the area. The company's future exploration activities include mapping of any outcrop, soil sampling, and geochemistry to further characterize the anomalies defined in the geophysical review.