Rare earths & specialist minerals
Arafura Resources progresses pre-FEED and offtake activities for Nolans Project
Arafura is balancing company activities, project progress and cash conservation around COVID-19 restrictions.
Company
ASX:ARU
Arafura Rare Earths Ltd is developing the Nolans rare earths project in the Northern Territory of Australia.
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Rare earths & specialist minerals
Arafura is balancing company activities, project progress and cash conservation around COVID-19 restrictions.
Hartleys has maintained its speculative buy recommendation for Arafura with a 12-month price target of 10 cents.
The mining inventory production schedule now supports operating costs of less than US$25/kilogram of neodymium and praseodymium.
Rare earths & specialist minerals
The company is focused on developing its Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory.
The updated Ore Reserve now supports 33 years of production, an increase of 10 years on the DFS base case.
Rare earths & specialist minerals
The assays support JORC resource extensions to the Nolans deposit at depth.
Rare earths & specialist minerals
The prescribed body corporates representing the Native Title Holders have resolved to enter into an Indigenous Land Use Agreement for the NdPr project in the Northern Territory.
Rare earths & specialist minerals
Products produced from the pilot operations will be made available for assessment with potential customers.
Rare earths & specialist minerals
The company plans to leverage the significant network and resources of Talaxis and Noble Group to develop the Nolans NdPr Project.
Rare earths & specialist minerals
The White Violet and Samarkand deposits have potential to extend the operational life of Thor Mining’s nearby Molyhil project.
Rare earths & specialist minerals
Arafura aims to progress the Nolans project to development and to improve supply for customers looking beyond China for rare earth materials.
Rare earths & specialist minerals
Globally recognised tier-one project management consultancy KBR has been awarded the contract and will be assisted by Wave International.
Rare earths & specialist minerals
These results have potential to add significantly to the economic life and commercial outcomes of the nearby proposed Molyhil Project.
Piloting of the Nolans rare earth separation flowsheet is in full swing using rare earth chloride solution feedstock generated by Arafura’s rare earth processing pilot plants.
Rare earths & specialist minerals
The initial results from phase I drilling at the deposit are consistent with the company’s expectations.
Rare earths & specialist minerals
The upside case production schedule implied by test results could extend the processing life of the project and improve economic outcomes.
Rare earths & specialist minerals
The company recently completed a second round of drilling at the Bonya Tungsten Project in the Northern Territory.
Rare earths & specialist minerals
Drilling targeted the White Violet and Samarkand tungsten prospects with an aim to establish a JORC resource estimate.
A key catalyst for Arafura will be when and if the company can demonstrate binding offtakes for the NdPr (neodymium and praseodymium).
Demand for rare earths from Western nations could bode well for Arafura’s low-cost Nolans NdPr Project in the Northern Territory.