Ann: Sale of JWD Iron Ore Mining Rights, page-30

West Arunta Refined Geophysical Modelling
Mr Thomas Langley, Technical Director commented,“We are extremely encouraged by the further
geophysical modelling completed by industry expert Terry Hoschke, who has worked with
Encounter Resources in the West Arunta region. The Stansmore magnetic anomaly has been
modelled as a pipelike body 500m in diameter, not dissimilar to the other niobium discoveries in
the region made by WA1 and Encounter, and other significant discoveries such as the 8Moz
Havieron gold-copper deposit and Australia’s major Ernst Henry copper gold mine.
“As we have seen with WA1's and Encounter’s recent drill results in the region, this area has
proven to have a very good strike rate of success in drilling regionally significant geophysical
anomalies like our Stansmore target.CUFE QR.
West Arunta Niobium / Copper Project
During the quarter CuFe presented its exploration plans for area to the Parna Ngururrpa Native Title Group
board and their legal representatives Central Desert Native Title Services as part of progressing a Land
Access Agreement. Following the meeting, consultation has been ongoing around the terms of access and
it is intended CuFe will attend the next board meeting in August 2024 with an aim to finalise this. All proposed
Land Access Agreements require endorsement by the full Group at their annual meeting, the next of which
is expected to be held in October 2024.
A review of the recently acquired E80/6052 tenement to the north east of the existing tenure package was
undertaken post quarter end. Two magnetic anomalies were recognised, modelled and interpreted by
Southern Geoscience and this acquisition increases the total CuFe West Arunta landholding to over 281km2
(see ASX announcement 18 July 2024).