Recently completed the Definitive Feasibility Study for its Nolans project in Australia and is seeking strategic customer offtake and financing to enable commercialisation. It will be one of the world’s long-life producers of magnet-feed rare earths NdPr and the only producer undertaking all processing and waste management in one location. Supporting a minimum 23 years of production with potential expansion likely and operating costs in the lowest quartile of known producers including China. The project is ideally positioned to infrastructure and has Environmental Approval. Arafura plans to export a high-purity products to customers in the mobility, clean energy, industrial automation.
Gavin Lockyer – Managing Director
Peter Sherrington, CFO & Company Secretary
What is your rationale for attending 121 Mining Investment?
To inform the financing community of the exciting opportunity to invest in a product that is currently controlled by China but are used globally
What recent news would you like to highlight to investors attending?
Completion of project DFS in February 2019
All Environmental approvals secured
Capital raising and investment by Talaxis in July 2019
Commencement of expansion drilling and metallurgical program to extend life of mine in October 2019.
What are your key goals for the next 3, 6 and 12 months?
Offtake & Project Finance
Project Finance & Construction
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Securing sufficient market interest and funding to enable project execution
What do you think makes your company such a compelling investment?
Arafura intends to become only the 2nd NdPr Producer outside of China. The demand for NdPr is expected to grow significantly in the next 5 years toa point where China may become a net importer leaving the rest of the world in shortage. The Nolans Project offers investors opportunity to invest in a low cost, long life project in a strategic industry. Capital payback is forecast for around 5 years.