** Shares of CuFe Ltd CUF.AX jump 47% to A$0.025, their highest since January 2023

** Diversified miner raises A$5.4 million ($3.51 million) via placement, issuing 318 million shares at A$0.017 each - same as stock's last close

** Co says proceeds to fund next phase of exploration drilling and study work at its Tennant Creek copper-gold project

** Stock has more than doubled in value so far this year

(1 Australian dollar = 1.0000 Australian dollars)

($1 = 1.5366 Australian dollars)

(Reporting by Atharva Singh in Bengaluru)

((Atharva.singh@thomsonreuters.com))