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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: 0.058 AUD

Market: ASX
Market Cap: $67.73 m

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Arafura Resources raises $7 million to advance Nolans Project

Arafura Resources Ltd managing director Gavin Lockyer speaks to Proactive about its share placement which received strong support from domestic and offshore institutional investors, raising $7 million. Lockyer said the funds would be spent on engineering works at the project such as...

3 weeks, 6 days ago

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