05
Oct
01:41
CuFe reports higher loss on exploration costs
Australian miner CuFe has reported a higher net loss of AUD 11.15 million ($7.06m) for the fiscal year ended 30 September 2023 (FY23) as compared to AUD 160,000 in FY22, Kallanish notes.
CuFe says the loss results from exploration costs, including joint venture activities and non-cash items comprising amortisation, depreciation and share based payments.
The miner’s total coal mined for the year fell 27% on-year to 509,058 wet metric tonnes (wmt). Its t…
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