Arafura Rare Earths Limited · ASX:ARU
Arafura Rare Earths — Arafura Resources — Shareholder Meeting (November 2005)
10 slides from Arafura Rare Earths's shareholder meeting presentation, Nov 23, 2005
Slide 1: Arafura Resources Annual General Meeting
Arafura Resources Annual General Meeting 7 Managing Director’s Presentation 23 November 2005 Corporate Overview Summary for 2004/05 Kurinelli success Divestments Outlook for 2006 Nolans Bore success ARAKURA
Slide 2: ASX listed / Achievements 2004/05
ASX listed Shares on issue Market capitalisation Listed options Options on issue ARU 58m $20m ARUO (June 2608) 26m Vetuinw Cash at 31 Oct 05 $2.9m ee EE Achievements — 2004/05 + Resource upgrade at Nolans Bore * Completed Kurinelli gold soil sampling * Completed Laramide JV — Lagoon Creek * Complete
Slide 3: Northern Territory
Northern Territory Uranium «Nolans Bore * Lagoon Creek « Lucy Creek * Yalyirinmbi * Applications y Loar Sigoie i tN \ 2 Atte Casa Favenson, EEE Stuns nace Faraation ZEA okoshane ate choles Wo " NiBatinin Sanders’ MQ “Pad seccune Saseoent oxlnaedioooks Setsinyo. sued ercalnens \ Busontintgranitis : A
Slide 4: Uranium growth strategy
‘anium growth strateqy A natural fit with our Nelans Bore project « Northern Territory the key to development * Acquired additional properties in the NT « JV at Lagoon Creek with Laramide Resources Ltd * Nolans Bore — feasibility study - production fu Northern Territory Cormmmedities « Uranium * Gol
Slide 5: Kurinelli
ad ARKAFURA Aral Kurinelli * Gold in soils to 5 git Au * Extensive anomaly over 4 km long ° Sampling completed awaiting results « Drilling planned post wet season RAFU RA ResbeREES we ARAFURA RESOURCES Nt. “ KURINELL PROJECT AGTS SOLD.ASSAYS iN SOIL,
Slide 6: Pine Creek
Pine Creek * Nth Gold take-over & Harmony buy out * Canadian group supported by Lion Ore °Re commissioning of the Union Reef mill in 2006 + Likely to toll treat or sell resource ARKAFURA Northern Territory Commadities * Uranium * Gold «fron A. Milos Springs
Slide 7: Frances Creek - Iron
Frances Creek - Iron * $375k second payment received ~ Oct ‘05 ¢ Territory iron drilling successes ~ resource upgrade ~ Dec ‘05 ° Mining due to commence in 2006 ° Royalties stream to commence in 2007 ° $1.30/ t for lump and $1.00/ for fines Es, ARKAFURA A planned strategy for sustainable growth Prod
Slide 8: Northern Territory
. Northern Territory Uranium * Nolans Bore + Lagoon Creek « Lucy Creek * Yalyirinmbi * Applications Resource Tabie Rare Earths The total indicated and inferred resources as at November 2005 are: MT REO% REO (kt) P,0,% U,O,lbit High grade 3.9 44 174 18.3 0.70 Medium grade 6.6 2.4 158 14.1 0.37 Total
Slide 9: Nolans Bore Resources
Nolans Bore Resources Nolans Bore Resources 28 $1.2m g 20 I 1 5 45 2 $0.8m 5 io -——“X = $0.3m = 5 -——_ | —-_ 1998 2001 2004 2005 $ represents expenditure between resource slatemants a Nolans Bore Mining * Mining rate @ 500ktpa * Low strip ratio * No overburden * Low cost mining * 18,006 tonne per ve
Slide 10: Nolans Bore 2005/06
Nolans Bore 2005/08 + Resource + Resource Modeling * Definition Drilling * Technical + Metallurgical test work continuing * Appoint Project Manager + Complete scoping study + Cornmence Feasibility Study ° Environmental / Social / Regulatory + Environmental baseline ° Marketing + Offtake agreements a
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