Impressive iron grades up to 67.91% show CuFe’s Camp Creek has upside potential

• First-pass fieldwork at Camp Creek identifies iron enrichment across multiple target areas
• Rock chip assays return up to 67.91% Fe with low impurities
• CuFe plans to get back on the ground as soon as possible to carry out more exploration ahead of drilling

Special Report: A desktop review and first-pass fieldwork have identified several iron-enriched rock chip samples at CuFe’s Camp Creek project in the Northern Territory with nine samples returning assays above 60% Fe.

The best assay in the samples gathered by previous explorers between 2013 and 2018 graded 68.78% Fe and the work has defined three target areas for further exploration.

Following the wet season, CuFe (ASX:CUF) personnel conducted a one-day field reconnaissance in June 2025 to validate historical sampling and assess outcropping mineralisation, focusing on one of the three targets.

A total of 15 rock chip samples were collected, with 10 from observed iron-enriched outcrops returning assays exceeding 60% Fe and low levels of deleterious elements, including a maximum of 67.91% Fe from sample CK002.

CUF interprets these early results as encouraging evidence of EL33835’s potential to host high-grade iron mineralisation, enhanced by its closeness to its Yarram iron ore project.

Yarram, which is just 5km away, hosts the Kraken and Captain Morgan deposits, with a combined inferred resource of 12.7Mt at 55.4% Fe.

CUF now plans to advance exploration at Camp Creek through further mapping and sampling across the remaining target areas to guide future drill targeting.

Back on ground as soon as possible

CUF executive director Mark Hancock said it was pleasing to see encouraging results emerging from its first fieldwork at Camp Creek.

“The proximity of the project to Darwin port and our Yarram iron ore resource makes it an attractive location for a direct shipping ore operation so we look forward to getting back on the ground soon to grow our understanding of the region and prepare for drilling,” he said.

The Camp Creek tenement is within the northern Pine Creek Orogen, a Paleoproterozoic province comprising a diverse suite of sedimentary, volcanic and intrusive rocks prospective for iron, uranium and base metals.

The tenement lies along the northern and western margins of the Archaean Waterhouse Dome.

This structural dome has exposed folded and faulted Paleoproterozoic metasediments, including units of the Crater Formation, Coomalie Dolostone of the Mount Partridge Group and Stanley Metamorphics.

The project area may host pockets of the Geolsec Formation above the Coomalie Dolostone, which, despite being unmapped officially, are considered promising for iron enrichment.

Importantly, CuFe’s Kraken and Captain Morgan iron ore deposits at the Yarram project are also hosted within the Coomalie Dolostone.

This article was developed in collaboration with CuFe, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.