Name of the Project
Orlando openpit cutback project.

Location
About 25 km north-west of Tennant Creek, in the Northern Territory of Australia.

Project Owner/s
The project is operated by emerging copper company CuFe, on behalf of the Orlando/Gecko Joint Venture partners Cufe Tennant Creek (55%) and Gecko Mining (45%).

Project Description
The Orlando openpit cutback is part of the wider Orlando/Gecko project, in the Tennant Creek region. A scoping study released in July 2025 has proposed a standalone development of the Orlando openpit, including construction of a new processing plant.

Conventional drill-and-blast, as well as load-and-haul methods, will be used to develop the openpit, with ore delivered to the run-of-mine pad ahead of the process plant and waste to the waste dump adjacent to the final pit crest. Estimated payable metal production is estimated at 39 449 t of copper and 167 419 oz of gold over a five-year life-of-mine.

Potential Job Creation
Not specified.

Net Present Value/Internal Rate of Return
The scoping study shows a pretax net present value, at a 7% discount rate, of about $355-million and an internal rate of return of 59%, with a payback of 1.9 years.

Capital Expenditure
Total preproduction capital expenditure is estimated at $136-million.

Planned Start/End Date
Not stated.

Latest Developments
The project is proceeding to a feasibility study. This study will focus on the Orlando openpit, with the potential to add additional resources from Orlando or Gecko underground and third parties, including the Tennant Creek Alliance partners.

The next phase of study will include further investigation of second-hand plant options, which have the potential to reduce the capital required, and will consider opportunities for value adding beyond the current scoping study assumption of producing concentrate for export through Darwin or sale to Mt Isa. A key focus of the next phase will be progressing the environmental and heritage approvals required to start project development. Funding and offtake discussions will also be progressed as a priority during the next phase of studies to make them available timeously to support a final investment decision once the feasibility study is complete.

Key Contracts, Suppliers and Consultants
None disclosed.

Contact Details for Project Information
CuFe, tel +61 8 6181 9793 or email ir@CuFe.com.au.