Proactive Investors - Run By Investors For Investors

Arafura Resources receives clearance to drill Bonya tungsten

The Bonya project is held in joint venture with operator Thor Mining Plc (ASX:THR) who owns 40%.
 Map showing Molyhil and Bonya Deposits
Drilling will start early April and is expected to take two weeks to complete

Arafura Resources Ltd (ASX:ARU) is set to commence drilling early April at its 60% owned Bonya tungsten project in the Northern Territory.

The reverse circulation (RC) drilling program of around 2,500 metres is scheduled for each of Samarkand, Jericho, White Violet, and Tashkent deposits.

Notably, each deposit has outcropping tungsten at surface, ensuring the drilling is into, or below, previously known mineralisation.

Further updates are expected on drilling progress, preliminary on-site XRF analysis, followed by formal laboratory assays.

READ: Arafura Resources Nolans NdPr project assessed by NAIF ahead of investment decision

Recently at Arafura’s flagship Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory, the federal government revealed it was assessing the project for possible investment.

The Federal Government’s Northern Australia Infrastructure Facility (NAIF) has completed a strategic assessment.

It will now transition the process through a due diligence assessment, which is the final stage in the assessment process before it makes an investment decision.

View full ARU profile View Profile

Arafura Resources Ltd Timeline

Related Articles

Blackrock gold mine
December 05 2018
The high-grade gold and silver project in north-central Nevada is adjacent to Hecla's Hollister Mine
January 16 2019
The company has been granted a key approval by the State Government to build processing plant and tailings storage facilities.
gold nuggets
January 21 2019
The company has received encouraging exploration results from across its East Pilbara projects in 2018.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use