Highlights

  • CuFe agreed to acquire Gecko Mining Company, lifting its Tennant Creek interest from 55% to 100%.
  • A 20,100m drilling program began at Tennant Creek on 16 October 2026.
  • The Tennant Creek resource is 23.5Mt at 1.73% Cu and 0.72g/t Au.
  • Cash was $17.97 million at 30 September 2026, with no debt.

CuFe Ltd (ASX:CUF) has released its quarterly activities report for the period ended 30 September 2026. The company advanced studies on its Tennant Creek copper-gold project and, after the quarter, agreed to take full ownership of the project.

Tennant Creek Development Studies

CuFe is advancing a full project scoping study covering the Orlando and Gecko deposits. It is assessing development options for Orlando, including existing regional processing infrastructure and toll treatment. The Tennant Creek Copper Alliance is studying a multi-user processing facility, with its pre-feasibility study now expected by the end of November 2026.

The project's JORC resource is 23.5Mt at 1.73% Cu and 0.72g/t Au, containing about 405,000t of copper and 544,000oz of gold.

Gecko Acquisition and Drilling

On 20 October 2026, CuFe signed a binding, conditional agreement to acquire 100% of Gecko Mining Company for 1.6 billion new shares. This would lift its Tennant Creek interest from 55% to 100%. Completion is targeted for January 2027, subject to shareholder approval and other conditions.

A 20,100m drilling program began on 16 October 2026, including about 15,400m of resource definition drilling, 2,600m of geotechnical diamond drilling and 2,100m of RC exploration along the Gecko Corridor. CuFe also appointed Sternship Advisers to support corporate strategy and funding options.

Portfolio and Financial Position

CuFe agreed to sell its non-core Nullagine tenements to Helix Resources for cash, shares and a 1% royalty. Adam Black, a former Rio Tinto geologist, was appointed Exploration and Geology Manager.

Cash was $17.97 million at quarter end, with no debt. Net operating outflow was $1.02 million, and the Appendix 5B estimates about 17.6 quarters of funding.

Key Takeaways

  • CuFe is moving to full ownership of the Tennant Creek project.
  • A 20,100m drilling program is underway to grow and define resources.
  • Development studies are expected to be completed this quarter.
  • The company is well funded with nearly $18 million in cash.