ARU 3.85% 13.5¢ arafura rare earths ltd

12 month delay on bfs

  1. 8,338 Posts.
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    Yucky yuck yuck.

    Look out below.

    TCG

    "BFS completion date extended by nine to twelve months to complete new work targeted to maximise the inherent value of the Nolans Project;

     Arafura is currently well funded, with A$79 million cash at end of May 2011;

     The Company estimates that additional funding in the order of A$50-A$60 million will be needed for the expanded BFS and other costs originally envisaged as part of project financing, but now brought forward due to the revised schedule;"
 
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