Arafura Resources Limited is pleased to announce that mine planning work undertaken in advance of the Nolans Definitive Feasibility Study (DFS) has established a mining inventory that could support in excess of thirty years’ of mining and processing at its 100 per cent-owned Nolans Neodymium-Praseodymium (NdPr) project in the Northern Territory.
The Company’s beneficiation, phosphate extraction and bulk pre-leach pilot plants have demonstrated that processing of phosphate-rich material types in the Nolans Bore resource achieves high recoveries of NdPr and phosphate (P2O5). These material types were identified
through comprehensive programs of detailed geological, geochemical and metallurgical analysis of the resource, enabling the Company to
quantify that 66% of the project’s higher-confidence Measured and Indicated Mineral Resources are phosphate-rich material types.
These successes have led Arafura to commission one of Australia’s leading independent mining consultancies AMC Consultants (AMC) to undertake a mine planning study to understand the impact on the development of the project. The study reported a mining inventory and annual strategic (production) schedules that could allow Arafura to produce 14,000 tonnes of total rare earth oxide (TREO) per annum, including 3,600 tonnes of NdPr oxide annually, for a period in excess of thirty years.