What CuFe does

CuFe Limited (ASX: CUF) is an Australian emerging copper and iron ore producer and explorer, founded 1 February 2005 and headquartered in West Leederville, Western Australia. The company operates a diversified portfolio of mineral projects across Western Australia and the Northern Territory, with its principal producing asset being the JWD Iron Ore Project (100% owned since 2023), which ships high-grade DSO hematite iron ore via Geraldton Port under a 12-month port services agreement with Fenix Resources providing 1.4 Mt of reserved berth capacity.

The development pipeline includes the Yarram Iron Ore Project (50% interest, 12.7 Mt @ 55.4% Fe maiden inferred resource), the Tennant Creek Copper Project (55% interest, combined 24.3 Mt @ 1.80% Cu and 0.56 g/t Au for 439 kt Cu and 436 Koz Au at Orlando and Gecko), and the 804 km² Bryah Basin JV package (20% free-carried through Jackson Minerals) with operators including Sandfire Resources, Auris Minerals, Billabong Gold, and Alchemy Resources. CuFe also holds early-stage exposure to lithium, niobium, tantalum, and rare earths via the North Dam, West Arunta, and Tambourah projects, and participates in the Tennant Creek Copper Alliance with Emmerson Resources and Tennant Minerals, which secured AUD $600,000 in matched NT/Federal grant funding in February 2026 for a shared processing facility feasibility study.

CuFe generates revenue primarily through direct B2B iron ore sales to commodity buyers and offtake customers, with export logistics handled at Geraldton Port. The capital structure comprises 1,146,112,365 fully paid ordinary shares plus 70,000,000 listed and 125,750,000 unlisted options; major shareholders are Gold Valley Iron Ore (19.85%) and Cyclone Metals (15.13%). The GTM motion is enterprise field sales into commodity offtake buyers and JV partners; there is no consumer-facing product, no proprietary software, and no disclosed AI/ML technology stack. Revenue diversification is the principal forward driver, with copper-gold (Tennant Creek) and a second iron ore source (Yarram) intended to reduce single-commodity dependence.

Name

CuFe

Legal name

CuFe Ltd

Website

https://cufe.com.au

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

CuFe Limited (ASX: CUF) is an Australian emerging copper and iron ore producer operating the JWD iron ore mine in Western Australia and developing copper, gold, lithium, and rare earth projects across Western Australia and the Northern Territory.

Ownership category

akta.pro rank

Product category

Mineral Production

NAICS

Iron Ore Mining (212210), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000), Wholesale-Metals & Minerals (No Petroleum) (5050), Gold And Silver Ores (1040)

akta.pro primary industry

Ferrous Metals Trading & Distribution (Iron Ore, Pig Iron, DRI/HBI, Ferroalloys) (IMAKAJAA)

akta.pro secondary industry

Iron Ore Tailings, Waste Management & Reclamation (Closure, Remediation) (IMAKAAAI)

Keywords

• Iron ore mining
• Copper exploration
• Mineral production
• Critical minerals exploration
• Strategic metals development

Headquarters

HQ city

Kambalda West

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Iron Ore Sales: CuFe produces and sells direct shipping ore (DSO) hematite iron ore from its JWD deposit in Western Australia, shipping high-grade iron ore to offtake customers. The company also exports iron ore from JWD via Geraldton Port under a port services agreement with Fenix Resources, with reserved capacity of 1.4Mt per year.
2. Mineral Exploration and Development: Revenue is generated through development of copper, gold, and strategic metal deposits (Tennant Creek, Yarram) and potential future sales of mined minerals. The company holds joint venture interests where partners fund exploration in exchange for equity, reducing CuFe's capital burden.
3. Joint Venture and Farm-in Arrangements: CuFe holds free-carried interests in Bryah Basin tenements where JV operators (Billabong Gold, Alchemy Resources, Auris Minerals, Sandfire Resources) fund exploration expenditures. CuFe retains a 20% interest free-carried to decision to mine, generating future royalty streams.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

CuFe Ltd is an Australian ASX-listed mineral producer and explorer that produces and sells high-grade direct shipping ore (DSO) hematite iron ore from its JWD mine in Western Australia. The company also holds development-stage interests in copper-gold (Tennant Creek), iron ore (Yarram), and exploration-stage lithium, niobium, and rare earth element projects in Western Australia and the Northern Territory, generating revenue through commodity sales and farm-in/joint venture arrangements.

Product overview

CuFe Ltd is an Australian ASX-listed (ASX: CUF) mineral producer and explorer with a diversified portfolio of mining projects and tenements. The company operates multiple projects across Western Australia and the Northern Territory, focused on copper, iron ore, lithium, niobium, and rare earth elements. The core portfolio includes the producing JWD Iron Ore Project (100% owned, WA), the developing Yarram Iron Ore Project (50% interest, NT), and the advanced Tennant Creek Copper Project (55% interest, NT). Additional exploration assets include the Bryah Basin Joint Venture Projects (20% free carried, WA), North Dam Project (lithium/REE/niobium, WA), West Arunta Tenure (Nb/REE, WA), and Tambourah Lithium Tenure (WA). The strategy combines near-term high-grade premium product iron ore production with exposure to future-focused strategic metals including copper, lithium, niobium, and rare earths.

Differentiator

Problem solved

Functional benefit

Products and services

• JWD Iron Ore Project Producing high-grade direct shipping ore (DSO) hematite iron ore mine located in Western Australia. CuFe holds 100% ownership and exports product via Geraldton Port under a 12-month port services contract with Fenix Port Services with reserved capacity of 1.4Mt per year. Product is sold under offtake agreements to commodity buyers and traders.
• Yarram Iron Ore Project Development-stage iron ore project located approximately 110km from Darwin Port in the Northern Territory. Held at 50% interest through Gold Valley Iron and Manganese Pty Ltd. Features a Maiden Inferred Mineral Resource of 12.7 Mt at 55.4% Fe, including a high-grade DSO component of 5.6 Mt at +60% Fe, positioning it as a future high-grade iron ore source.
• Tennant Creek Copper Project Mature copper-gold development project in the Northern Territory comprising the Orlando and Gecko deposits with approximately 240 km² of prospective tenure. CuFe operates and holds a 55% interest. Combined JORC 2012 Mineral Resource is 24.3 Mt at 1.80% Cu and 0.56 g/t Au for 439 kt Cu and 436 Koz Au. High-grade bismuth intercepts were also identified in October 2025. The project is part of the Tennant Creek Copper Alliance consortium model.
• Bryah Basin Joint Venture Projects Free-carried exploration joint venture interests covering 804 km² in the highly prospective Bryah Basin in Western Australia. CuFe holds 20% free-carried interests through wholly owned subsidiary Jackson Minerals Pty Limited, with farm-in arrangements held by Billabong Gold, Alchemy Resources, Auris Minerals, and Sandfire Resources NL. Tenure is prospective for gold and base metals.
• North Dam Project
• West Arunta Tenure
• Tambourah Lithium Tenure

Quantifiable outcome

• 24.3 Mt @ 1.80% Cu and 0.56 g/t Au — 439 kt Cu and 436 Koz Au combined resource at Tennant Creek
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Emmerson Resources LimitedcoreStrategic or Co-development Partner · 2 February 2026Emmerson Resources Limited is a member of the Tennant Creek Copper Alliance alongside CuFe and Tennant Minerals Limited. The Alliance secured $600,000 in matched grant funding from the Northern Territory and Federal Governments for a feasibility study into a shared multi-user critical minerals processing facility in Tennant Creek. The study targets completion by June 2026 and covers plant design, site location, infrastructure, environmental requirements, governance, and market potential.
• Tennant Minerals LimitedcoreStrategic or Co-development Partner · 2 February 2026Tennant Minerals Limited is a member of the Tennant Creek Copper Alliance alongside CuFe and Emmerson Resources Limited. The Alliance secured $600,000 in matched grant funding from the Northern Territory and Federal Governments for a feasibility study into a shared multi-user critical minerals processing facility in Tennant Creek, targeting completion by June 2026.
• Sandfire Resources NL (ASX: SFR)minorStrategic or Co-development PartnerSandfire Resources NL is the operator of the Doolgunna Project and DeGrussa copper gold mine, adjacent to CuFe's Bryah Basin tenements. Sandfire holds an 80% interest in various tenements with CuFe (via Jackson Minerals) holding a 20% free-carried interest. Sandfire is actively exploring the Bryah Basin area. In the Sandfire Farm-in arrangement, if a discovery is made and a JV is formed, interests will be 70% SFR, 24% AUR, and 6% CUF.
• Auris Minerals Ltd (ASX: AUR)minorStrategic or Co-development PartnerAuris Minerals Ltd holds an 80% interest in all minerals across various Bryah Basin tenements where CuFe (via Jackson Minerals) holds a 20% free-carried interest in all minerals. AUR is the operator of several Bryah Basin tenements. Auris pays PepinNini Robinson Range Pty Ltd a 0.8% gross revenue royalty from iron ore sales.
• Billabong Gold Pty LtdminorStrategic or Co-development PartnerBillabong Gold Pty Ltd is the operator of several Bryah Basin tenements where CuFe holds a 20% free-carried interest through Jackson Minerals. Billabong holds various earn-in rights for an 80% interest in the tenements.
• Alchemy Resources (Three Rivers) Ltd (ASX: ALY)minorStrategic or Co-development PartnerAlchemy Resources holds various mineral rights for an 80% interest in Bryah Basin tenements under earn-in agreements, with CuFe (via Jackson Minerals) holding a 20% free-carried interest in all minerals.
• Fenix Resources Ltd (ASX: FEX)coreChannel Partner/ Reseller/ DistributorCuFe has a 12-month port services contract with Fenix Port Services P/L (a subsidiary of Fenix Resources Ltd) covering inload and outload of CuFe's iron ore product, provision of storage, and allocation of 1.4Mt reserved berth capacity at Geraldton Port in Western Australia. This enables CuFe to export high-grade iron ore from its JWD project and agglomerate certain third-party tonnes to increase utilization and reduce fixed costs.
• Gold Valley Iron and Manganese Pty LtdcoreStrategic or Co-development PartnerGold Valley Iron and Manganese Pty Ltd is the owner of iron ore rights over the Yarram Iron Ore Project. CuFe operates and holds a 50% interest in this entity. Gold Valley Group is also a major shareholder of CuFe (19.85% via Gold Valley Iron Ore Pty Ltd Group). The restructuring transaction between CuFe and Gold Valley Group also covers the JWD project (now 100% CuFe) and Tennant Creek Joint Venture restructuring.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Liontown Resources Limited: ASX-listed lithium developer advancing the Kathleen Valley project in WA. Comparable stage and commodity mix to CuFe's emerging lithium and critical minerals portfolio.
• Tennant Minerals Limited: Third member of the Tennant Creek Copper Alliance alongside CuFe and Emmerson Resources, advancing copper-gold and bismuth assets in the same NT mineral field.
• Emmerson Resources Limited: Tennant Creek Copper Alliance partner developing copper-gold assets adjacent to CuFe's tenure. Shared member of the consortium pursuing the multi-user critical minerals processing facility.
• Capricorn Metals Ltd: ASX-listed gold producer of comparable scale to CuFe with diversified Australian operations. Useful comparable for governance and mid-tier producer transition.
• Alchemy Resources Limited: ASX-listed Bryah Basin JV earn-in partner holding 80% interests in tenements where CuFe retains a free-carried 20%. Comparable gold/base-metals junior.
• Fenix Resources Ltd: ASX-listed high-grade iron ore producer operating the Geraldton Port shipping hub under contract with CuFe. Same commodity, same jurisdiction, and same port logistics infrastructure - the closest operational peer.
• Auris Minerals Ltd: ASX-listed junior that operates several Bryah Basin tenements where CuFe (via Jackson Minerals) holds a 20% free-carried interest. Directly comparable gold/base-metals explorer.

Broad incumbents

• Sandfire Resources NL: Mid-cap ASX-listed copper-gold producer and operator of CuFe's DeGrussa-adjacent Bryah Basin JV tenements. Provides a scaled comparable for copper-gold business model.
• Pilbara Minerals Limited: ASX-listed hard-rock lithium producer in WA operating the Pilgangoora mine. Provides a scaled benchmark for CuFe's Tambourah and North Dam lithium exposure.

Others

• Cyclone Metals Ltd: ASX-listed mineral exploration company holding 15.13% of CuFe and chaired by Tony Sage. A related-party resource-sector peer sharing corporate infrastructure and management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cufeltd
• LinkedInlinkedin.com/company/cufeltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CuFe