Arafura Resources is focused on advancing its Nolans NdPr Project located in Australia’s Northern Territory. The cornerstone of the project is one of the world’s largest NdPr resources. The project is ideally positioned to infrastructure, has environmental approval and its development leases granted. Arafura plans to construct a long-life, low-cost mining, processing and refining operation at the Nolans site to produce final rare earth oxide (REO) products for export.
Arafura has demonstrated the project’s technical and economic viability in its definitive feasibility study and is now focused on raising the development capital needed to meet the looming NdPr supply deficit as China, the dominant producer and consumer, transitions to being a net importer, and global demand for NdPr in rare earth permanent magnets surges.
Website: www.arultd.com
Primary ticker: ASX:ARU
Stage of development: Development
Primary minerals: Rare Earths - NdPr
Project to promote: Nolans Project
Project location: Australia
