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Full interview: Arafura Resources signs second MOU with one of China’s leading magnet producers for supply of rare earths

Arafura Resources Limited (ASX:ARU) managing director Gavin Lockyer updates Proactive on the signing of a second agreement with a Chinese magnet producer for the supply of rare earth products from Arafura’s 100%-owned Nolans project in the Northern Territory.

The non-binding MoU is with Baotou Tianhe Magnets Technology Co Ltd, one of China’s leading manufacturers of Neodymium Iron Boron permanent magnets.

This agreement with Tiahne Magnetics is intended to lead to the long-term sale of neodymium-praseodymium (NdPr) oxide from Nolans, with plans for the project to generate an average of 4,357 tonnes of NdPr oxide per annum.

Quick facts: Arafura Resources Ltd

Price: 0.051 AUD

Market: ASX
Market Cap: $53.8 m

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Arafura Resources makes 'significant' increase to mine life at Nolans NdPr...

Arafura Resources Limited's (ASX:ARU) Richard Brescianini speaks to Proactive London's Andrew Scott soon after announcing updated ore reserves for its 100% owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory. The increase now supports 33 years of production – an...

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