Cufe hasn’t said much about the likelihood in striking good...

Cufe hasn’t said much about the likelihood in striking good grades of Niobium, and time will tell. Once access and partnerships with land owners are confirmed, we will begin to get sample results.

Latest updates (compounded sources) are all pretty positive:

Current Situation

Geophysical review over CuFE’s exploration ground identifies nine targets that could host carbonatite intrusive niobium and REE mineralisation

Target 001 defined by two ovoid pipe shaped bodies with a strike of ~1.5km and depth of up to 1.5km

Land access agreement progressing

Further exploration will identify the presence of any niobium/REE mineralisation and potential drill targets

A geophysical review of available airborne magnetic data – including the re-processing of airborne magnetic data and 3D unconstrained inversion modelling of the reprocessed magnetics – has now identified nine targets that could represent carbonatite intrusive niobium and REE mineralisation in three areas.

CUF highlighted Target 001, which is defined by two vertical to gently plunging ovoid pipe shaped bodies that have a strike length of ~1.5km and depth extent of 1-1.5km about 4km east of LYN’s Stansmore target.

The company is also progressing a land access agreement with the Parna Ngururrpa Traditional Owners Group, with their board meeting to consider the agreement in May.

“The West Arunta region is really showing its potential with the recent successes of explorers such as WA1 and ENR,” executive director Mark Hancock said.

“We believe our tenements have the right setting to host carbonatite intrusions and niobium and rare earth element (REE) mineralisation.

“The broad geophysical review by Southern Geoscience Consultants (SGC) has quickly identified areas that have potential and will be invaluable in guiding our early and initial exploration work fronts.

“Our access to the tenure is progressing well through the regulatory steps and a land access agreement with the Parna Ngururrpa traditional owners is in draft form.”

Next steps

CUF is likely to carry out field inspections, soils sampling, whole rock geochemistry and higher resolution geophysical surveys as the next step of exploration at its West Arunta tenure.

This will help identify the presence of any niobium/REE mineralisation and potential drill targets.

Personally I’m very optimistic/ hopeful but also realistic.
At the end of the day you’re getting great value for your 1.8c share: A company that is currently exporting FE, holds significant tenements of Copper and Iron Ore including at the very accessible Yarram area, and it holds a number of possibly very lucrative sites containing rare earth minerals.