Arafura Rare Earths Ltd is an Australian mining company headquartered in Perth, Western Australia and was listed on the Australian Stock Exchange in 2003. The company was formerly known as Arafura Resources until it was renamed in October 2022.[1]
 | |
| Company type | Public |
|---|---|
| ASX: ARU | |
| Industry | Mining |
| Headquarters | Perth, Australia |
Area served | Australia |
Key people | Darryl Cuzzubbo (CEO) |
| Products | Rare-earth metals |
| Website | www.arultd.com |
The company's flagship project is the Nolans Rare Earths Project, located in Australia's Northern Territory, 135km north of Alice Springs. The project is one of the world’s largest undeveloped neodymium and praseodymium (NdPr) resources. With an initial mine life of 38 years and a valuable phosphoric acid by-product, Nolans will be a long life, low cost operation producing NdPr oxide.[2] In March 2024, Australian prime minister Anthony Albanese announced that the Australian government would invest $840 million for the mine and refinery at the Nolans project.[3]
References
edit- ^ "Arafura Rare Earths". Business News. Retrieved 24 September 2024.
- ^ "Home". Arafura. Retrieved 21 June 2024.
- ^ Turton, Shaun. "Australia pumps $550m into rare earths refinery project". Nikkei Asia. Retrieved 24 September 2024.
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