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Arafura Resources Ltd.
Summary
| Project: | Nolans | |
|---|---|---|
| Deposit: | Nolans Bore | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 12/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 17-12-2019: Arafura Resources Ltd. announces an Exploration/Drilling Update report for its Nolans Bore deposit at the Nolans project. Drilling results incl. 60.63m @ 4.7% TREO from 14.81m. Arafura Resources Limited (ASX: ARU) (Arafura or the Company) is p | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kelvin Hussey (Internal) | |
| ABSTRACT: | Arafura Resources Limited (ASX: ARU) (Arafura or the Company) is pleased to announce initial assay results from the recent drilling program at its 100 per cent-owned Nolans Bore NeodymiumPraseodymium (NdPr) deposit in the Northern Territory. The drilling and associated metallurgical program were highlighted in the use of funds from the recently completed fully underwritten $23.2 million entitlement offer (refer to ASX announcement 20 June 2019). The primary objective of these programs is to increase the mine life of the Nolans Project beyond 23 years.1 Phase 1 of the drilling program targeted shallow Indicated Resources and material types in the Southeast Zone of the deposit, primarily modelled and estimated using data from previous reverse circulation (RC) drilling campaigns. A total of five shallow infill resource definition core holes (NBDH1103-5, 1107-8) were drilled across the Southeast Zone in this phase to confirm detailed geological and material type information which will ultimately be used to refine resource modelling and better inform mine planning. Representative core samples of mineralized material types 5A1 and 5A2 were also selected from the first three holes drilled in Phase 1 for flotation variability test work. The results and positive implications of this metallurgical program have been reported separately (refer to ASX announcement 16 December 2019). | |
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