Proactive Investors - Run By Investors For Investors

Arafura Resources chairman buys 150,000 shares on-market

The company’s flagship asset is its Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory.
boardroom
Shares in the company closed yesterday priced at 5.1 cents

Arafura Resources Ltd (ASX:ARU) non-executive chairman Mark Southey has purchased 150,000 shares in the company for his super fund.

The purchase was made at an average price of 5.1 cents and more than doubles his shareholding in the company to 250,000 shares.

READ: Arafura Resources interim drill results from Bonya better than expected

While the advanced Nolans NdPr Project is Arafura’s flagship asset, it also has a 60% interest in the Bonya Tungsten Project in the Northern Territory.

Drilling is underway at Bonya and recent preliminary results have shown broad high-grade tungsten intersections.

View full ARU profile View Profile

Arafura Resources Ltd Timeline

Related Articles

A map showing Comet's Springdale Graphite Project on WA's south coast
May 06 2019
New CEO Philippa Leggat joined the junior last week to explore the Esperance area project’s commercial potential.
Breaking first ground at the HPA plant site
August 10 2018
Stage I construction at Johor site kicks off with a geotechnical drilling and ground survey program.
Leonora project location
January 30 2019
The Sprott-backed company posted its quarterly activities and cashflow reports to market yesterday.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use