Ann: Major Increase in Mine Life for the Nolans Project, page-2

Interesting challenge...

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Arafura Managing Director Gavin Lockyer said, “The reduction in operating costs cements Arafura as one
of the lowest-cost NdPr producers in the world. The increase in Ore Reserves and mining inventory attests
to the long-term potential of the Nolans Project and when read in conjunction with the recently
announced deep drilling results, reinforces its standing as a world class NdPr development opportunity.
“I challenge anyone to find a better fully permitted, fully costed NdPr-focused project outside China. It
meets all the criteria to be a long term, sustainable supplier of critical minerals into clean energy
16 March 2020 | ASX Announcement
Major Increase in Mine Life for the Nolans Project
www.arultd.com 3
technologies, and will deliver intergenerational benefits in a part of Australia that is challenged by limited
opportunities for genuine economic development.”