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Arafura Resources' Gavin Lockyer details offtake strategy and project financing plans for Nolans

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 adds that offtake agreements are one of the dominos that'll mean the debt and equity will follow in terms of project financing. ''We've been targeting those customers or those end-users in which NdPr is a strategic commodity in their industries but also we don't want to compete with China head-on''. ''We're trying to align ourselves with groups that may see themselves as threatened by that supply chain route ... Arafura can provide them with diversity of supply and therefore not be seen as a threat directly to China''

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Price: 0.095 AUD

Market: ASX
Market Cap: $110.94 m

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Arafura Resources says supply shortages have heightened awareness of its...

Arafura Resources Limited's (ASX:ARU) Gavin Lockyer says recent headlines around supply chain shortages for critical minerals and rare earths have really put the spotlight on its Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory. He says what COVID-19 has done through...

on 17/8/20

2 min read