CuFe (ASX: $CUF) North Dam Project Update

CuFe Limited (ASX: $CUF) has reported the identification of substantial niobium and tantalum content in columbite rock chip sample ND11 sourced from pegmatite within the North Dam Project. The sample returned significant results for Niobium at 47.1% (Nb) and Tantalum at 9.01% (Ta). This follows the previous announcement on 22 August 2023, where rock chips collected from a stream bed returned results of 43.93% Nb and 14.53% Ta. The company is now preparing for an upcoming RC drill program to test the anomalous niobium in soil geochemistry coincident with outcropping pegmatites within the central area of E15/1495. Additionally, a preliminary heritage survey report has been received, supporting the planned activities, with drilling targeted to commence in July.

Executive Commentary on North Dam Project

CuFe Executive Director, Mark Hancock, expressed, 'The recent work by the team at North Dam further illustrates the potential of the tenement. Although the results are from a columbite chip, it shows the potential of the pegmatites across the tenement to host critical minerals other than lithium. We are eager to start our maiden drilling program to further understand the potential of the region.'

Summary of CuFe's North Dam Project Update

CuFe's identification of significant niobium and tantalum content in the columbite rock chip sample ND11 from the North Dam Project marks a notable development. The company is now gearing up for an upcoming RC drill program to test the anomalous niobium in soil geochemistry coincident with outcropping pegmatites. The preliminary heritage survey report received supports the planned activities, with drilling targeted to commence in July. The broader zones of anomalous niobium from soil geochemistry, coincident with outcropping pegmatites, indicate promising prospects for the company's exploration efforts. CuFe's Executive Director, Mark Hancock, emphasized the potential of the region and the eagerness to commence the maiden drilling program to further understand the tenement's potential.