Arafura Quarterly Activities Report and Appendix 5B
January 31, 2013 ( Source: Arafura Resources Ltd) — Arafura Quarterly Activities Report and Appendix 5B
- World scale and independently verified maiden JORC Ore Reserve for the Nolans Rare Earth Project
- Fifth Rare Earth Oxide (Lanthanum Oxide) separated to 99% purity
- Solid progress in feasibility work streams
- Chinese rare earths experts approached to assist with achieving technical process and design efficiencies and cost reductions
- Settlement of A$10 million placement to strategic partner and major shareholder, ECE
- Tax Refund of A$22.5 million received for FY12 R&D spend
- Farm-in agreement executed with Rox Resources Limited (ASX:RXL) to explore Bonya Copper Project.
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