Arafura Resources

Primary ticker: ASX:ARU
Stage of development: Development
Primary minerals: NdPr, Rare Earths, Phosphate
Project to promote: Nolans Project

Live financials

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.

Management Profile

Gavin Lockyer – Managing Director

Peter Sherrington, CFO & Company Secretary

What is your rationale for attending 121 Mining Investment?

Looking for strategic customers & financiers to provide project finance

What recent news would you like to highlight to investors attending?

Completion of the DFS in February
Ongoing offtake discussions

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Secure strategic customers and financiers through binding offtake agreements and financing packages

6 Months:

Commence front end engineering

12 Months:

complete front end engineering, long lead items and commence construction

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Subdued commodity prices

What do you think makes your company such a compelling investment?

Long life asset, in a commodity in short supply with minimal jurisdictional risk