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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: 0.1 AUD

ASX:ARU
Market: ASX
Market Cap: $116.78 m
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Arafura Resources' Gavin Lockyer details offtake strategy and project...

Arafura Resources Limited's (ASX:ARU) Gavin Lockyer tells Proactive's Andrew Scott they're working closely with the Australian and Northern Territory Governments to see what they can put in place to assist with the financing of its 100%-owned Nolans Neodymium-Praseodymium (NdPr) Project. Lockyer...

on 25/8/20

2 min read