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Arafura Resources Ltd.
Summary
| Project: | Nolans | |
|---|---|---|
| Deposit: | Nolans | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 3/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-3-2020: Arafura Resources Ltd. announces a Resource Estimation report for its Nolans deposit at the Nolans project. Updated Mineral Reserves at Nolans. Arafura Resources Limited (ASX: ARU) (Arafura or the Company) is pleased to provide an updated Ore R | |
| Resources: | (Reserves, P+P): 29.5Mt @ 2.9% TREO, 13% P2O5, 26.4% NdPr | |
| CP/QP: | [Overall Report]: David Billington (Mining Plus Pty Ltd.) | |
| ABSTRACT: | Arafura Resources Limited (ASX: ARU) (Arafura or the Company) is pleased to provide an updated Ore Reserves estimate for its 100 per cent-owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory. The Ore Reserves and mining inventory tabled below exclude all mineralisation intersected in deep exploration drilling completed at Nolans Bore during 2019 (refer to ASX announcement 9 March 2020). The Ore Reserves estimate has been independently prepared by leading mining technical services provider Mining Plus Pty Ltd (Mining Plus). It incorporates the updated geometallurgical model derived from the results of beneficiation variability test work on mineralised material types that included samples from the 2019 drilling program at Nolans Bore (refer to ASX announcements 17 and 18 December 2019). These Ore Reserves are based on the Project’s Measured and Indicated Mineral Resources (refer to ASX announcement 7 June 2017) and on the pricing, processing and cost assumptions developed during the Definitive Feasibility Study (DFS) (refer to ASX announcement 7 February 2019). | |
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