Australia's Cufe hits 1-year peak on high-grade iron ore find

Cufe

30/07/2025 04:29

** Shares of Cufe Ltd CUF.AX rise as much as 20% to A$0.012, their highest level since July 29, 2024

** Diversified miner finds iron ore levels exceeding 60% during a review of rock-chip samples from its onshore project in the Northern Territory

** Co identifies further drilling targets at the site with high potential of iron ore

** About 8.8 mln shares change hands, 6.5x the 30-day avg trading volume of about 1.4 mln

** Session lifts YTD gains to 20%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))