Ann: Quarterly Activities and Cashflow Report, page-9

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    Gold Royalty

    Crossroad gold project

    Through fully owned subsidiary Jackson Minerals, CuFe holds a 2 percent net smelter royalty over M24/462, which contains Northern Star's (ASX:NST) Crossroads gold project. This project is the subject of a recently approved mining proposal envisaging the mining of 2.67 Mt of gold-bearing ore. The project is expected to commence sometime in 2024 and run for a 36-month period, with the majority of ore mined in the second and third years after pre-stripping.

    This project represents a potential near-term revenue source for CuFe with no associated costs.


 
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