The Aileron-Reynolds project north-west of Alice Springs represents Arafura’s key exploration focus in the Northern Territory. The project comprises eight exploration licences (ELs) and covers an area of approximately 1,800 km2. These include EL28473 which hosts the Nolans Bore resource.
The project is highly prospective for apatite-hosted NdPr mineralisation. Exploration undertaken by Arafura in the region to date has largely been focused in the Nolans Bore area. The Company has acquired extensive airborne geophysical surveys over large parts of the project area, including magnetic-radiometric and hyperspectral, to help prioritise targets for on-ground geological, geochemical and biogeochemical assessment, and drilling.
The primary emphasis of Arafura’s exploration at Aileron-Reynolds is on NdPr opportunities that are likely to deliver additional mill feed for the Nolans operation, or complement the development of the project.
Arafura’s interests at Jervois, north-east of Alice Springs, are secured by EL29701 covering about 280 km2.
The base and precious metals exploration and development rights on EL29701 are the subject of a joint venture between Rox Resources (51% and operator) and Arafura (49%). Arafura retains sole ownership of all other mineral rights on the tenement.