ARU 0.00% 13.0¢ arafura rare earths ltd

Ann: Drilling Confirms Deep Extensions to Mineralization, page-3

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  1. 911 Posts.
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    Really good news Pooh biggrin.png The results are better than I'd expected. ARU held firm today in a sea of red.

    In the North zone my back of the envelope conservative estimate is about 7 million tonnes of ore between holes 1006 and 1009. Say at an average grade of 2.2% TREO that's 154,000 in situ tonnes of TREO. At around 63% total TREO recovery (ROM to final oxide) from the DFS gives 97,000 recovered tonnes of TREO. Average annual production of 13.3 kt TREO, there's another 7 years of production. BOOM!

    That's from part of the North zone only. There's a lot of blank space beneath the red line in the cross section that hasn't been touched by a drill eek.png

    This beast is massive.


    Last edited by spendthrift: 10/03/20
 
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