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

Gold nugget
November 22 2018
Such is the size of the two nuggets, they are now touring the world’s museums as curios
March 20 2019
The company aims to unlock the potential of Japan’s gold resources
Vanadium periodic table on yellow cube
November 15 2018
Shares of the miner have more than doubled since April, not on recent results but on future prospects in uranium and vanadium

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

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