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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 accommodation village, were granted to Arafura’s wholly-owned subsidiary Arafura Rare Earths Pty Ltd (ARE) for an initial term of 25 years by the Northern Territory Minister for Primary Industry and Resources, Paul Kirby.

Lockyer said this was an exciting time as it represented the last regulatory hurdle for the project and the company.

“This is a fantastic step forward,” he said.

Quick facts: Arafura Resources Ltd

Price: 0.076 AUD

ASX:ARU
Market: ASX
Market Cap: $88.75 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