ARU 3.03% 17.0¢ arafura rare earths ltd

Ann: Senior debt process update, page-71

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    Do a little research, 99.5% is the bare minimum "on spec" grade for NdPr.

    Then there are basically three commercial levels, the closest to 75% NdPr the more valuable.

    Then there is separated NdO + PrO where higher purities are rewarded, and higher levels PrO currently make a healthy premium into ceramics mkts.

    Since MtP old legacy plant was dismantled only one ROW has consistently produced on spec NdPr, no minor achievement, then separated NdO + PrO, all hard won expertise, lots of challenges ahead for any seeking to follow, not least proving up consistency to potential customers.

    Not an easy business.
 
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