Arafura Resources Ltd

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.

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.

Quick facts: Arafura Resources Ltd

Price: $0.09

Market: ASX
Market Cap: $89.67 m

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