ARU 9.09% 10.0¢ arafura resources limited

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    Rare Earth Metals: Not So Rare, But Still Valuable


    In Australia, there are currently a number of rare earth mining projects at various stages of development.

    According to an ASX announcement at the beginning of July this year, the "Demonstration Pilot Plant" at Alkane Resources' (Bloomberg Ticker - ALK:AU) Dubbo Zirconia project was set to go 24/7 in late July, and it stated that "(l)aboratory scale testing for recovery of the rare earth elements is scheduled to commence in July."

    Arafura Resources (Bloomberg Ticker - AFAFF:US) expects the rare earths processing plant at its Nolans Project in the country's Northern Territory to be in production in 2011.

    Based on November 2005 figures, the company compared its Nolans resource with some others around the world.

    Source: Arafura Resources Limited

    At its Mount Weld project in Western Australia, Lynas Corporation (Bloomberg Ticker - LYSCF:US) completed its first mining "campaign" in May. Based on figures updated in March this year, the company believes its resources at the project now amount to some 12.24 million tonnes at 9.7% rare earth oxide, which will produce some 1,124,000 tonnes of REO."
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