Maybe it’s in relation to this:
https://www.tipranks.com/news/company-announcements/arafura-grants-9m-performance-rights-to-employees
Arafura Rare Earths Ltd announced the issue of 9 million performance rights on April 3, 2024, under its employee incentive scheme. These securities are unquoted and not intended to be traded on the ASX. This move is part of the company’s efforts to incentivize employees and align their interests with the growth and performance of the company.
Arafura Rare Earths Ltd, page-366
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