viewArafura Resources Ltd

Arafura Resources nears DFS completion for Nolans NdPr Project, undertakes capital raising

Arafura Resources Ltd (ASX:ARU) general manager exploration & development Richard Brescianini updates Proactive Investors on the company’s flagship Nolans Neodymium-Praseodymium Project and its underwritten $3 million share purchase plan.

"We're now moving into a critical phase - we'll be delivering our feasibility study to our board next month," Brescianini says.

He continues, "we're also in the throes of completing phases five and six of our flow sheet piloting program.

“Beyond that we’re heading into the financing stage for the project … and that financing stage of course is supported in part by our efforts around product offtake for both our NdPr product, other rare earths product and of course our phosphoric acid, or our merchant-grade acid product as well.”

Quick facts: Arafura Resources Ltd

Price: 0.077 AUD

Market: ASX
Market Cap: $89.92 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Arafura Resources Ltd named herein, including the promotion by the Company of Arafura Resources Ltd in any Content on the Site, the Company...



Arafura Resources granted Nolans Nd-Pr mineral leases by NT Government

Arafura Resources Ltd (ASX:ARU) managing director Gavin Lockyer speaks to Proactive about the granting of Mineral Leases (MLs) at its Nolans Neodymium-Praseodymium (Nd-Pr) Project in the Northern Territory. The MLs, which will host the Nolans mine, process plant, waste storage facilities and...

3 weeks, 3 days ago

2 min read