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Arafura Resources Ltd. (ASX:ARU) released the Nolans Development Report, which is aimed at providing a “comprehensive update” on the company’s Northern Territory-based Nolans project.
Arafura Resources Ltd. (ASX:ARU) released the Nolans Development Report, which is aimed at providing a “comprehensive update” on the company’s Northern Territory-based Nolans project. It will ultimately form the backbone of a definitive feasibility study.
Highlights include:
- Production scheduled to commence in 2019
- Report reinforces robust Project economics on conservative assumptions
- NPV of A$2 billion on an after tax basis at a 10% discount rate
- IRR of 21.4% on an after tax basis
- Production target of 20,000 tonnes of REO equivalent per annum underpinned by Measured and Indicated Resources
Gavin Lockyer, managing director of Arafura, commented:
Our Development Report draws attention to the commercial appeal of the Nolans Project and is testimony to the tremendous efforts of the Arafura team and our partners to de-risk the Project’s path to production.
Today’s release ensures that all stakeholders are across the milestone achievements being made on the Project.
This is a strategically important report for Arafura that supports our offtake and funding discussions with a number of parties.
Click here to read the full Arafura Resources Ltd. (ASX:ARU) press release.