Arafura Resources’ Nolans NdPr Project is financially and technically robust
An “outstanding” DFS has established that the NT rare earths project is able to support a long-life operation.
Company
ASX:ARU
Arafura Rare Earths Ltd is developing the Nolans rare earths project in the Northern Territory of Australia.
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An “outstanding” DFS has established that the NT rare earths project is able to support a long-life operation.
Samarkand is one of 13 known tungsten deposits within the Bonya project in the Northern Territory.
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Outcrops at surface extended more than 500 metres and were open ended.
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The UK's premier share index added nearly 14 points to close at 7,034
The placement comes after a completed share purchase plan which raised more than $3 million.
Funds will be used to advance the company’s flagship Nolans Neodymium Praseodymium Project in the Northern Territory.
A definitive feasibility study for the Nolans neodymium-praseodymium project is due in early February.
A definitive feasibility study (DFS) is being progressed for the Nolan NdPr Project.
The company expects to finish its definitive feasibility study for the Nolans NdPr Project in February 2019.
The definitive feasibility study will be complete by early February, 2019.
A definitive feasibility study (DFS) is being progressed for the Nolans NdPr Project.
Arafura owns 60% of the tenement alongside operator Thor Mining (40%).
The company is moving into the next phase of development of the Nolans NdPr project in the Northern Territory.
Funding will advance the company's flagship Nolans Neodymium Praseodymium Project.
The company expects to finish its definitive feasibility study for the Northern Territory project in December 2018.
Shares last traded at 7.5 cents before the company entered a trading halt.
The company had previously planned for the Separation Plant to be located in South Korea.
The Nolans rare earths deposit contains 26.4% Neodymium‐Praseodymium (NdPr).