CuFe Ltd

An expected 10 million #copper tonne shortfall is driving $BHP’s plans to spend at least $11 billion on expanding its operations. #mining #deficit https://buff.ly/3Otv8GL

Exciting times in the Tennant Creek Mineral field – the last major Australian mineral field to be found by prospectors. Pan African Resources chose this area as its first entry into the Australian market and reinforces the status of the Northern Territory as one of the world’s most attractive mining destinations. 🔥 #NTresources #commodities

A graphic from Wood Mackenzie showing the rapid adoption of #copper intensive technologies driving high future demand for a market on the brink of transformation. ➡️ https://buff.ly/3Ap7LLc

BHP believes global #copper demand will grow by around 70% to beyond 50Mt a year by 2050 and that the pipeline of potential projects is less healthy than in previous cycles. 📊🌍 #resources #mining https://lnkd.in/eg37P5Qr

CuFe Ltd (ASX:CUF) executive director Mark Hancock joined Proactive’s Tylah Tully to discuss the company’s reverse circulation (RC) drilling program at its North Dam Project, 28 kilometres east of Kambalda, Western Australia. This maiden campaign is part of CuFe’s first exploration effort targeting critical minerals like #niobium, #RareEarthElements and #lithium across two tenements: E15/1495 and M15/1841. The program involved 18 RC drill holes totalling 2,068 metres, with the deepest hole reaching 214 metres, the most extensive drilling ever conducted at North Dam. CuFe discovered multiple pegmatite formations, with a significant downhole intersection of 85 metres in hole NDRC004. http://ow.ly/E7OI105IPmL

BHP expects the growth of red metal #demand from AI will see global demand rise by more than 70% by 2050, and this article notes the expectations of a shortfall has triggered a race to secure access to mines. 📈 #copper #electrification https://buff.ly/3Zv8PqV

CuFe (ASX:CUF) is pleased to announce the completion of maiden #drilling at its North Dam Project in #WA – testing priority targets for #lithium, #REEs and #niobium. ⛏️ ➡️ 18 RC holes for a total of 2,068m, with an average depth of 115m ➡️ First batch of downhole samples have been dispatched to a Perth laboratory, with results expected to be received during October 2024 ➡️ Multiple large pegmatites were intersected with down hole intercepts of up to 85m Read more on the #ASX here: https://buff.ly/4e44m34

A report has found the strongest evidence for global copper supply concern is the lack of sufficient resources in the discovery pipeline, with new mines on average now taking almost a quarter century from discovery to being in operation. ⛏️🔍 #exploration #mining https://buff.ly/3MJxjFf

Nearly 44 years after Mt Isa Mines led the #ASX, a #copper miner could soon reclaim the top spot, highlighting the crucial need for new resource discoveries amid limited major developments. 📈🚀 ➡️ https://buff.ly/3z8fw7K #commodities #resources

CuFe (ASX:CUF) has announced the sale of its JWD iron ore rights to Newcam Minerals, allowing CuFe to focus on high-potential exploration projects, including developments at North Dam, where maiden RC drilling is set to commence. 💰🔍 #Mining #IronOre Read more here on the #ASX ➡️ https://buff.ly/3yZD4vg