CuFe Ltd has updated its previously released announcement regarding the mineral resource at the Orlando deposit. The company re-issued its disclosure to comply with both the JORC code and the ASX Listing Rules. This update reflects significant progress in the quality assurance and quality control (QAQC) data collected from historic and recent drilling campaigns, resulting in a reclassification of resource confidence levels. In technical terms, the updated Mineral Resource Estimate shows that the indicated category has increased from 42% to 56% of the total resource at Orlando, while the inferred portion has decreased accordingly. The overall tonnage remains steady at 5,950 kilotonnes with an average copper grade of 1.16% and gold grade of 1.50 g/t (gold equivalent grade of 3.03 g/t). These unchanged numbers, combined with the upgrade in classification, support a higher level of reliability and serve as an important input for the forthcoming scoping study meant to further assess the deposit’s economic potential. From a market sentiment perspective, the news carries both bullish and bearish elements. On the bullish side, the improved confidence in the QAQC data and the resulting upgrade from inferred to indicated resource are seen as positive signs that strengthen the project’s development prospects. This could be attractive to investors looking for mining projects with a robust technical foundation and clear potential for value enhancement. Conversely, the bearish view highlights that no new drilling has been undertaken since the previous estimate, meaning the overall tonnage and grades have remained static. This reliance on historical data might suggest that although the data quality has improved, the resource size and metal distribution are yet to be expanded through further exploration. Overall, the update positions CuFe Ltd’s Orlando deposit on firmer technical footing, setting the stage for a more definitive assessment in the upcoming scoping study while leaving room for cautious consideration regarding future growth opportunities.