Nolans could be uneconomic as it is a heavy debt not free gift, page-58

Arafura remains focused on delivering the long-term offtake strategy for the Nolans Project. The current binding offtake agreements with South Korea’s Hyundai Motor Company and Kia, and Germany’s Siemens Gamesa Renewable Energy (refer to ASX Announcements dated 7 November 2022 and 11 April 2023) represents approximately 53% of its target to secure 85% of annual production. Discussions with GE Renewables on conversion of their non-binding MOU (refer to ASX Announcement dated 12 July 2022) into binding terms are at an advanced stage

for fun I google the market cap of Siemens or Hyundai . good companies to be supplied