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