ARU 0.00% 17.5¢ arafura rare earths ltd

thx kalmsg,ann on april 1st on new major intercepts stated that...

  1. 559 Posts.
    thx kalmsg,
    ann on april 1st on new major intercepts stated that infill drilling (to 100m depth) is aimed to convert part of the resource to measured category which is important for DFS. Ann says that results should be available mid 2008, which is now. So from my point of view infill drilling will not grow the resource. Drilling in the new zone should result in an resource upgrade ( at least indicated category). If i read it correct, he assay results for the new intercepts should arrive now was well, in order to confirm the REO&U values obtained by geological and radiometric logging.

    Looking at figure 1 I see the red area which may be converted to measured. So my estimate is that we get ~7 Mt in the measured category. Any views?

    Enjoy,
    Pisa
 
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