Highly prospective lithium, Niobium and REE tenure in emerging Yilgarn Lithium Belt

Ownership CuFe Ltd acquired E15/1495 (North Dam Project) from a private vendor. A milestone payment, payable on first production from a mining lease arising from the tenure and a 1% sales royalty. The vendor retains rights to gemstones.
Project Overview Local geology comprises mafic and ultramafic intrusive within felsic volcanics and siliciclastics and regional granites are within 1km of the tenements providing a prospective setting for pegmatite hosted lithium – tantalum mineralisation.
Location/ Infrastructure Located approximately 50km SSE of the township of Coolgardie, within the Southern Yilgarn Lithium Belt that includes the known spodumene deposits such as the Bald Hill Mine, The Mt Marion Mine, the Pioneer Dome Project, Manna Lithium Project and the Buldania Project.

Proximity to existing concentrate plants offers  the potential to toll treat material or utilise CuFe’s logistics capability to export DSO if suitable resource is identified.

Recent Exploration Significant initial rare earth elements (REEs), niobium and lithium results have been defined from the North Dam Project.

Early exploration on E15/1495 has produced rock chip sample results anomalous in Rare Earth Elements (REE) (up to 1,770ppm Total Rare Earth Oxides (TREO)), Niobium (43.93% Nb), Tantalum (14.53% Ta) and Lithium Oxide (up to 3,206 ppm Li2O).

Target zones of anomalous Li2O supported by historical soils and auger work have been identified and will be a focus of upcoming exploration works.

Refer CUF Announcement dated 22 August 2023 – CuFe Delivers Significant Initial REE, Niobium (43.93% Nb) and Lithium Rockchip Results from North Dam Project

Notable Recent Results Table 1 – Anomalous (>500ppm TREO) REE results

SAMPLE ID EASTING NORTHING TREO* (ppm) CREO** (ppm) % CREO
S42 349884 6538937 533 92 17.2
S66 350372 6538487 525 148 28.2
S70 349878 6538937 1,129 169 15.0
S188 350724 6538034 1,770 592 33.5
S229 350740 6538025 548 100 18.4
S232 350773 6538007 1,622 322 19.9
S235 350654 6538219 589 119 20.2
S263 349878 6538939 549 207 37.8

*TREO Total Rare Earth Oxide (La2 O3 +Ce2 O3 +Pr6 O11 +Nd2 O3 +Sm2 O3 +Eu2 O3 +Gd2 O3 +Tb4 O7 +Dy2 O3 +Ho2 O3 +Er2 O3 +Tm2 O3 +Yb2 O3 +Lu2 O3 +Y2 O3 )

**CREO Critical Rare Earth Oxide (Nd2 O3 +Pr6 O11 )

Refer CUF Announcement dated 22 August 2023 – CuFe Delivers Significant Initial REE, Niobium (43.93% Nb) and Lithium Rockchip Results from North Dam Project

YARRAM IRON ORE PROJECT - CuFe Limited