Arafura hits 'excellent grades'
12:17, Thursday, 23 November 2006
Sydney - Thursday - Nov 23: (RWE Australian Business News) -
Arafura Resources NL's (ASX:ARU) 2006 exploration program at the
company's flagship Nolans Bore rare earths, phosphate, uranium project
is continuing with the most recent drill results again delivering
excellent grades.
The highest grade interval in the current drilling program was
5.0% REO, 22% P2O5 and 0.81 lb/T U3O8 over 10 metres.
"These results are impressive particularly with rare earths and
uranium currently undergoing considerable market growth and price
increases. Our exploration team just keep delivering great result at
this project," Managing Director Alistair Stephens said.
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