Ann: Sale of JWD Iron Ore Mining Rights, page-3

CuFe has a suite of significant assets which it will increase its focus on post the divestment of the JWD
mine. Based on feedback previously received from investors, the Company considers without the
uncertainty created by the variability in JWD cashflows it will improve the market’s willingness to
appropriately value these assets within CuFe. The assets include:
- Tennant Creek – mature copper / gold project which has been mined historically and has an
existing JORC 2012 indicated and inferred mineral resource estimate totalling 7.3MT at 1.7% Cu
and 0.6g/t Au and considerable exploration potential as identified in a recent geological review
(refer CUF ASX announcements of 3 April 2023 and 22 July 2024);
- Yarram Iron Ore – iron ore project which has an inferred JORC 2012 mineral resource estimate
of 12.7MT @ 55.4% including 5.6MT at 60.43% Fe and whose close proximity to Darwin port
offer the opportunity for low operating cost (refer to CUF announcement of 28 February 2023);
- North Dam exploration – with prospectivity for Lithium / Rare Earths and Niobium with initial
exploration drilling campaign to be conducted this quarter;
- West Arunta – greenfields exploration tenure in the highly sought after West Arunta region;
- Tambourough – Pilbara exploration tenure acquired with a focus on lithium, with historical gold
exploration to be revisited;
- Robertson Range project – prospective for iron ore (Refer to ASX announcement dated 17 July
2024); and
- Bryah Basis Copper / Gold exploration projects where the Company has a free carried interest
20% interest.
In addition to these evaluation and exploration opportunities the Company owns a 2% NSR on the
Crossroads gold project operated by Northern Star, which is proposed to mine.2.67Mt of gold bearing
ore over the next three years (refer CUF ASX announcement dated 31 May 2024).