There were several concerned shareholders when this was originally discussed on HC. This basically takes another 10% off production costs for ARU for the first 10 years. Couple that with the Phosphoric Acid rebate, the current tariffs, and supply shortfalls that will provide premium pricing when in production, and we have the perfect storm!
I am actually looking forward to the outline of the expansion studies.
This post below was from ARU on LinkedIn.
Arafura is committed to building Australian capability in downstream processing at the Nolans Project in the Northern Territory. We welcome the Federal Government’s introduction of the Future Made in Australia Act into Parliament yesterday. The Act provides an overarching framework to boost Australian downstream value-add critical minerals projects like the Nolans Project through initiatives such as a 10 per cent production tax credit. “As a resource-rich nation, Australia stands to benefit significantly from the energy transition. But opportunities won’t just fall into our lap. We must be globally competitive through policies and initiatives. Our government’s forward-looking and strategic support is enabling us to seize this opportunity and ensure lasting benefits for all Australians.” -Darryl Cuzzubbo, CEO The NdPr that will be produced by Arafura’s ore to oxide Nolans Project is an essential element of the permanent ultra-strong magnets used in electric vehicles and wind turbines. As demand for these rare earths significantly increases, the provisions of the Act will make Australian critical minerals projects more globally cost competitive and realise the strategic economic and geopolitical benefits of downstream value add projects like Nolans. With recent debt financing announcements bringing the Nolans Project even closer to FID, policy measures such as the production tax credit will ensure Arafura is best positioned to supply a significant proportion of the NdPr demand essential to the global net zero transition.
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