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Arafura Resources raises $7 million to advance Nolans Project

Arafura Resources Ltd managing director Gavin Lockyer speaks to Proactive about its share placement which received strong support from domestic and offshore institutional investors, raising $7 million.

Lockyer said the funds would be spent on engineering works at the project such as pre-front end engineering, design and execution readiness activities.

Quick facts: Arafura Resources Ltd

Price: 0.078 AUD

ASX:ARU
Market: ASX
Market Cap: $91.09 m
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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...

2 weeks, 5 days ago

2 min read