CuFe (ASX:CUF) has announced a significant maiden JORC 2012 Inferred Mineral Resource for its 50% owned Yarram Iron Ore project in the Batchelor region of the Northern Territory.
CuFe says the Overall Inferred Mineral Resource is 12.7 Mt at 55.4% using a 48% Fe cut-off, including a high grade component of 5.6 Mt at 60.4% Fe using a 55% Fe cut-off.
It also says 66% of the inferred resource is located on an existing mining lease, and further exploration potential and opportunity for resource extensions remains.
CuFe says detailed mine planning and development studies are on the way.