logo-loader
ASX:ARU

Arafura Resources Ltd

Receive alerts
Market:
ASX
Market Cap:
$89.67 m
Price
$0.09
Change
1.19%
52 weeks high
0.14
52 weeks low
0.04

Arafura Resources is an Australian company with a world class Neodymium-Praseodymium resource in the Northern Territory of Australia.

Nolans

Arafura Resources will, in the next few years, become a long-term, secure supplier of neodymium and praseodymium (NdPr) from its 100%-owned Nolans project. The project site is located 135 kilometres north along the Stuart Highway from the town of Alice Springs in the Northern Territory, Australia.

(click here for more information on this project)


Exploration

Aileron-Reynolds

The Aileron-Reynolds project north-west of Alice Springs represents Arafura’s key exploration focus in the Northern Territory. The project comprises eight exploration licences (ELs) and covers an area of approximately 1,800 km2. These include EL28473 which hosts the Nolans Bore resource.

The project is highly prospective for apatite-hosted NdPr mineralisation. Exploration undertaken by Arafura in the region to date has largely been focused in the Nolans Bore area. The Company has acquired extensive airborne geophysical surveys over large parts of the project area, including magnetic-radiometric and hyperspectral, to help prioritise targets for on-ground geological, geochemical and biogeochemical assessment, and drilling.

The primary emphasis of Arafura’s exploration at Aileron-Reynolds is on NdPr opportunities that are likely to deliver additional mill feed for the Nolans operation, or complement the development of the project.


Bonya JV

Arafura’s interests at Jervois, north-east of Alice Springs, are secured by EL29701 covering about 280 km2.

The base and precious metals exploration and development rights on EL29701 are the subject of a joint venture between Rox Resources (51% and operator) and Arafura (49%). Arafura retains sole ownership of all other mineral rights on the tenement.

 

 

Last updated 30th July 2019

Mark Southey
Non-Executive Chairman
BSc (Hons), MBA

Appointed: 30 January 2018

As the Nolans Neodymium‐Praseodymium (NdPr) Project rapidly advances towards a Final Investment Decision, Mr Southey has been appointed to the Arafura Board as Non-Executive Director. A vital position to bring a wealth of mining, project realisation and technical experience, to help guide this transition.

Mr Southey holds BSc (Hons) in Engineering with Business Studies from the University of Portsmouth, has an MBA from the University of Sydney Business School, and is a Member of the Australian Institute of Company Directors.

He has extensive global experience in the industrial and natural resources sectors covering all aspects of asset management, maintenance, design and engineering, and major capital project development and execution. He is well versed in public company board and institutional investor engagement and has a background in both senior operational and financial roles.

Mr Southey has previously held senior executive positions with Honeywell and ABB both in Australia and internationally, and more recently was part of the global executive leadership team within WorleyParsons, a leader in the engineering, procurement and construction of projects in the energy and resources sector where he held the position of Group Managing Director for the Minerals, Metals and Chemicals Sector.  He is the Chairman of Arafura's Remuneration and Nomination Committee, and a Member of the Audit and Risk Committee.


Quansheng Zhang
Non-Executive Director
Doctoral degree in Engineering and Masters degree in Geophysical Prospecting.

Appointed: 18 November 2016

Quangsheng Zhang holds a Doctoral degree in Engineering and a Masters degree in Geophysical Prospecting.

Mr. Zhang is based in Nanjing in the Peoples Republic of China and is the General Manager of Hong Kong East China Non-Ferrous Mineral Resources Co Ltd (HKECE). Quangsheng has over 30 years of mineral prospecting and exploration experience, and expertise in mineral resource surveys and geophysics.


Chris Tonkin
Non-Executive Director
BSc (Hons) Metallurgy and Chemistry, BA Economics and Politics, MBA

Appointed: 1 January 2011

Chris Tonkin has over 35 years’ experience as a senior business executive with a broad industry background in business generation, management, and strategy development. He began his career as a metallurgist and environmental specialist, diversifying into commercial roles at several major industrial companies and subsequently project finance, corporate and project advisory roles at AIDC, The Chase Manhattan Bank, KPMG Corporate Finance and ANZ, where he was Head of Natural Resources Project Finance for many years, leading a very successful team of project financiers.

In early 2012, Chris was appointed Chief Executive Officer and Managing Director of Arafura Resources Limited and assisted the company through a difficult period before stepping down to concentrate on his project advisory activities as Executive Director of Capital Advisory Services Pty Ltd and Managing Director of Catalyst Capital Solutions Pty Ltd.

Chris is a Graduate of the Australian Institute of Company Directors and a Member of the Finance and Treasury Association. He is the Chairman of Arafura's Audit and Risk Committee and a member of the Remuneration and Nomination.  Chris is also Chairman of Lakes Oil NL.


Gavin Lockyer
Managing Director
BBus, ACA, FTA

Gavin graduated with a Bachelor of Business in Accounting and Finance in Western Australia in 1987 and has subsequently become a member of both the Institute of Chartered Accountants and the Finance & Treasury Association of Australia.

He joined Arafura in 2006 as Chief Financial Officer and Company Secretary after having served as Financial Controller with the Tethyan Copper Company Limited. Gavin previously held several senior finance and treasury positions in global mining companies Newcrest and Newmont following a successful international investment banking career with Bankwest and ANZ in Australia, and Bankers Trust and Deutsche Bank in London.

Gavin’s diverse, global experience has provided management and leadership opportunities in a range of disciplines including; Accounting, Financial & Investment Banking, Major Resource Development & Operations, and Global Bank Treasuries. Over the past 20 years his career has exposed him to business practices in North America, Europe, and Australasia.

 

 

Last updated 30th July 2019

Registered Office

Level 3, 263 Adelaide Terrace
Perth WA 6000


PO Box 5773
St Georges Terrace
Perth WA 6831

T: +61 8 6210 7666
E: [email protected]


Darwin Office

18 Menmuir St
Winnellie NT 0820

PO Box 37220
Winnellie NT 0821

T: +61 8 8947 5588
F: +61 8 8947 5599

Company Secretary

Peter Sherrington


Auditors

BDO
38 Station St
Subiaco WA 6008

T: +61 8 6382 4600
F: +61 8 6382 4601


Share Registry

Link Market Services Limited
Locked Bag A14
Sydney South, NSW 1235

T: +61 1300 554 474
F: +61 2 9287 0303

 

Last updated 30th July 2019