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Full interview: Arafura Resources seeks to extend mine life beyond 23 years at Nolans NdPr project

Arafura Resources Limited (ASX:ARU) managing director Gavin Lockyer updates Proactive on the start of new drilling and metallurgical programs to extend the company’s 100%-owned, Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory, beyond the 23 years envisaged in its DFS.

The programs will be funded from the recently completed fully underwritten $23.2 million entitlement offer.

These diamond drilling and metallurgical programs are expected to be completed during the December quarter.

Arafura is confident they will result in an updated estimate of ore reserves and corresponding mine life.

Quick facts: Arafura Resources Ltd

Price: 0.088 AUD

Market: ASX
Market Cap: $92.83 m

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Full interview: Arafura Resources releases initial assays from new drilling...

Arafura Resources Limited (ASX:ARU) general manager exploration and business development Richard Brescianini updates Proactive on initial assays from a new drilling program at the Nolans Bore Neodymium-Praseodymium (NdPr) deposit in the Northern Territory. These results from the phase I...

on 18/12/19

2 min read