laramide, page-5

re: alice may be base for uranium mine Hey macca, you are dead right, not much more we informed { heaps of research completed on ARAFURA RESOURCES NL and its resource tenements } holders of ARU/ARUO can add on this HC thread.

Demerger of URANIUM assets to NUPOWER RESOURCES about to happen, long term holders of FPO's and Options expect a rich return for their faith in this junior exploration company.

ARAFURA RESOURCES NL has a company maker in their A$6 billion RARE EARTHS holdings at Nolans Bore, which also holds huge promise of Thorium, Phosphates and perhaps even GOLD. For those interested read this item, go to

http://www.ntnews.news.com.au/common/story_page/0,7034,19936961%255E13569,00.html
Alice may be base for uranium mine
By LEE STEPHENS
28jul06

Quote
A NEW uranium mine employing more than 100 people could be built near Alice Springs following the NT Government's nuclear backflip.

Arafura Resources managing director Alistair Stephens said the company's Nolan's Bore project -- 135km northwest of Alice Springs -- would take about seven years to develop into a mine.

He said if the mine opened it would employ about 10 people for mining and between 40 and 100 people for processing.

Mr Stephens said Chief Minister Clare Martin's support for uranium mining this week had dramatically improved prospects for the project.

He said: "China is desperate for uranium.

"This turn around is coming at a really good time and will cement China's interest in the Territory and South Australia."

NT Minister for Mines and Energy Kon Vatskalis said the Federal Government would decide how many mines would open in the NT.

He said it would take up to five years to approve a new mine.

Ms Martin and Opposition Leader Kim Beazley's decisions go against Labor's three mine uranium policy that has blocked any new mines.

Ms Martin said on Tuesday: "I've always been someone who's supported uranium, so it wasn't as though I personally said 'I don't want any more uranium mines'."

Before the last election Ms Martin had promised no new uranium mines for the NT.

The only operating mine in the NT is Energy Resources of Australia's Ranger project 250km east of Darwin.

Arafura has a second site adjacent to Nolan's Bore as well as uranium projects 400km northeast of Tennant Creek and 175km north of Alice Springs.
Unquote

Pirra96 and a few other long term holders of this company, have patiently waited, { HUGE PATIENCE AND MONEY INVOLVED } and the demerger is the first great result of many more to come.

Time will tell. Always does