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Arafura Resources leveraged to 'increasing market with a very limited supply base'

Arafura Resources Ltd (ASX:ARU) CEO Gavin Lockyer speaks to Proactive Investors about the memorandum of understanding signed with JingCi Material Science Co Ltd for the supply of neodymium-praseodymium (NdPr) oxide from the rare earths-focused company's Nolans Project in Australia's Northern Territory.

Lockyer says, "this offtake really plays in nicely with our development program at the moment. We're almost [completed with] our definitive feasibility study, the results of which are due to be released by the end of this year. Together with these offtake agreements that we're working hard to formalise, that will accumulate in project finance and project execution, and in investment decision by our board in the new year - which is extremely exciting for us."

 
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