ARU 13.2% 16.5¢ arafura rare earths ltd

Great article mentioning ARU this morning, page-10

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    The relevant parts of the article (for ARU holders):

    In Australia,Arafura Resources (ASX:ARU)is developing the significant Nolans Neodymium-praseodymium (NdPr) project in the Northern Territory – a shovel-ready asset on which a final investment decision is expected to be made in the second half of 2022.

    The project’s supply chain significance is evident through support from the NT and Federal governments – most significantly conditional debt facilities offered to ARU via the North Australia Infrastructure Fund and Export Finance Australia.

    This week, Bloomberg reported Arafura had engagement from European manufacturers to supply metal directly to them.

    Speaking to *, Arafura general manager sales and marketing Lloyd Kaiser said Australian REE projects had significant advantages against their international peers.

    “The advantage of rare earth plays in Australia is our access to the supporting mining and metallurgical industry which is mature and highly skilled,” he said.

    “While China is the undisputed global leader in rare earth processing technology, the experience with complex processing technologies present in Australia is second-to-none, and advancements in technology in addition to our baseline of knowledge and experience can be easily leveraged into new rare earth projects.

    “Complementing that, Australia has very high environmental, social and governance standards which are increasingly important to our customers across the world.

    “Coupled with a robust legislative environment plus strict regulation and enforcement, Australia is in the top echelon of jurisdictions to feed into the rapidly growing rare earth market.”


    Last edited by spendthrift: 01/10/21
 
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