EDITOR: | April 30th, 2013

Arafura Resources: Quarterly Activities Report March 2013

| April 30, 2013 | No Comments
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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


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