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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: 0.26 AUD

Market: ASX
Market Cap: $303.63 m

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Arafura Resources focused on firming up financing and offtake for its Nolans...

Arafura Resources Ltd’s (ASX:ARU) managing director Gavin Lockyer tells Proactive the big focus heading into the New Year is on securing offtake agreements with potential customers and firming up the financing to develop the Nolans NdPr project. When in production it'll be the the only...

on 23/11/20

2 min read