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