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CUFE LTD — Capital/Financing Update 2018
Jan 31, 2018
64723_rns_2018-01-31_5b943eb7-a360-4647-898f-5407bdbf5be9.pdf
Capital/Financing Update
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ASX Announcement
1 February 2018
Australian Securities Exchange Code: FEL
Ordinary Shares: 366,815,463 Unlisted Options:
Update on Drilling Results at Kasombo Copper-Cobalt Project in DRC
On 8 January 2018, Fe Limited ( Company ) (ASX: FEL ) announced that it had completed preliminary reverse circulation ( RC ) drilling at two prospects at its Kasombo Copper-Cobalt Project ( Kasombo Project ) located in the Democratic Republic of Congo ( DRC ).
4,062,500
Board of Directors: Tony Sage Non-Executive Chairman Kenneth Keogh Non-Executive Director Nicholas Sage Non-Executive Director
The Kasombo Project comprises three mineralised areas of approximately 600 hectares, Kasombo 5, 6 and 7, located within two granted mining licenses PE 481 and PE 4886 held by La Generale Des Carrieres Et Des Mines S.A. ( Gecamines ) and situated approximately 25 km from the DRC’s second largest city, Lubumbashi, in the Katanga Copper Belt ( KCB ).
Kasombo 5, highly prospective for copper and lesser cobalt was drilled with two RC holes for a total depth of 149 m, while Kasombo 7, highly prospective for cobalt and lesser copper, was drilled with four RC holes for a total depth of 190 m.
The Company wishes to advise that due to delays in sending the prepared samples from the ALS Laboratory in Lubumbashi to their Johannesburg laboratory for assay, that the first assay results from the drilling and other sampling are now not expected until mid-February 2018. The assay results from the samples lodged late in December 2017 are not expected until late February 2018.
Yours faithfully FE LIMITED
Contact: www.felimited.com.au 32 Harrogate St, West Leederville Western Australia 6007 Australia Telephone +61 8 6181 9793 Email [email protected]
Tony Sage Non-Executive Chairman
Fe Limited is an Australian domiciled mineral resources exploration and development company.
Fe Limited ABN: 31 112 731 638
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felimited.com.au