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Arafura Resources Win Prestigious Industry Award, In Leading Business Publication, Australias Best Building, Construction And Mining http://www.officialwire.com/main.php?action=posted_news&rid=211546&catid=683 Operating in the Northern Territory since the mid-1990s, Arafura Resources is a Perth-based rare-earths explorer and emerging producer. The company commenced with small beginnings – when it was listed on the Australian Stock Exchange in 2003, it had only three employees. However, through previous smart land acquisitions in geologically potential areas, the company was able to present a balanced and prospective suite of tenements to seed capital investors. Continuing on with the company’s wise business moves, Arafura has grown and diversified its asset portfolio by targeting projects that will deliver long-term and sustainable value and growth. Arafura’s current focus is its flagship, Nolans Project. Identified in 1995 by a previous explorer from government geological survey data, Nolans Bore is a medium-grade, phosphate-hosted rare earths–uranium deposit. In 1999, Arafura applied for the exploration rights over the Nolans Bore area. Assays had indicated that low-grade uranium at the site was not economic in its own right. However, advances in phosphate recovery led Arafura to explore the potential of the site for rare earths and phosphate. A relatively small mine, the Nolans Project will produce rare-earth oxides, as well as phosphoric acid, small quantities of uranium oxide, and gypsum. With identified resources of 30.3 million tonnes, the life of the mine is expected to be at least 20 years. Once mining commences, about one million tonnes of ore each year will be mined in an open pit to a maximum depth of about 100 metres. Of this, around 300,000 tonnes a year will be separated as waste during primary treatment at the mine site. “Arafura has been involved in the Nolans Project since we took over the exploration leases,” says Steve Mackowski, General Manager of Technology at Arafura. “At that stage, the area had only been looked at as a phosphate and uranium opportunity. Arafura, however, identified it as a rare-earths opportunity, and we have been working along that line ever since. Floating the company in 2003, we raised $2.5 million and now have a working staff of around 25 people and a market capitalisation of approximately $200 million.” The editorial feature on Arafura Resources can be found here http://www.beanmedia.com.au/profiles/Arafura_Resources.pdf
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