ARU 3.45% 15.0¢ arafura rare earths ltd

Ann: Indicative financing support from Export Development Canada, page-35

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  1. 6,423 Posts.
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    Yes done Skijapan - some contracts awarded - example Worley's subsidary Chemetics awarded sulphuric acid plant contract and using Worley's proprietry - other contracts have been awarded and long lead items ordered - more large contracts being awarded now however will need to wait for quarterly next month. Last quarter company advised of cost reduction initiatives such as large components made off site then transported to reduce costs. The Worley's tech is lower cost and emissions reduction benefits.
    Management have stated Alice Springs does not have the higher scale costs - labor and inflationary costs associated to that of W.A. Nailing a rolling CAPEX difficult 9as seen with Lynas and of course the specialty processing tech required as opposed to a run of mill processing/refining plant) and expect the company to remain confident of delivering on advised 1.5 - 1.6 billion aud given the efforts to reduce costs. Still they may at near end chose a CR to complete and have funding available whilst commissioning and ramp up in production occurs.

    Pretty sure you are aware they are on site spending the 100 odd million in cash advancing site development in a pretty big way.

    I see PrNd prices off again today - think down about 470usd ton. May have run out of steam for now - CCP have their hands full with a very slow economy - will they inject the big yuans for stimulus/
 
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