Molyhil (100%) and Bonya (40%)19 Aug 2020 00:53
1. Molyhil (100%) – Tungsten and Copper
• Molyhil granted ‘Major’ project status by Northern Territory Australia Govt.
• Ongoing discussions with interested parties for project finance & Off-take partners
• Regulatory approvals already in place
• All ground work already done and ready to go.
2. Bonya (40%) – Tungsten and Copper
The project is held in joint venture between Arafura (60%) and Thor (40%) with Thor acting as manager.
White Violet - Inferred Resources of 495,000 tonnes
Samarkand - Inferred Resources of 245,000 tonnes
• Both deposits outcrop and remain open at depth, while Samarkand, in particular, shows potential for strike extension to the copper mineralisation.