Arafura Resources: Quarterly Activities Report March 2013

April 30, 2013 (Source: Arafura Resources) — Quarterly Activities Report and Appendix 5B For the period ending 31 March 2013.

Highlights:

• New initiatives underway to boost economics of the Nolans Project
• Targeted cuts of up to A$1,000 million in Project capital costs:
  – Significant efficiencies and savings from relocating intermediate chemical processing close to the Nolans Bore Mine site
  – Other initiatives including, process improvements and further relocation of plant are under active consideration
• Technical Review and Optimisation Program with Chinese rare earth experts well underway – additional material efficiencies and savings anticipated
• Exploratory drilling identifies new aquifer system close to Nolans Bore with potential to supply required water for life of operation
• Likely reduction in short-term funding requirements and long-term funding risk

For a copy of the full report click here