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Arafura Resources to meet with U.S. manufacturing association in D.C. and potential off-take partners

Arafura Resources Ltd (OTCMKTS:ARAFF) (ASX:ARU) CEO Gavin Lockyer tells Proactive Investors the Australian-based NdPr (Neodymium and praseodymium) exploration company is meeting with New York-based investors in New York, and with the National Association of Manufacturers, the largest manufacturing association in the U.S., in Washington, D.C.

Lockyer is in the U.S. on the heels of releasing the companies' definitive feasibility study from its Nolans NdPr project in Australia, to pitch its potential supply of NdPr to U.S. manufacturers, as China currently supplies 80% of the world's NdPr. The company is looking for $1b to finance its NdPr mining project. NdPr is a rare Earth element.

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Price: 0.091 AUD

ASX:ARU
Market: ASX
Market Cap: $96 m
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Full interview: Arafura Resources seeks to extend mine life beyond 23 years...

Arafura Resources Limited (ASX:ARU) managing director Gavin Lockyer updates Proactive on the start of new drilling and metallurgical programs to extend the company’s 100%-owned, Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory, beyond the 23 years envisaged in its...

on 1/10/19

2 min read