Arafura Resources is an Australian rare earths miner that has secured government funding to support project development. Arafura is developing its Nolans rare earths project in the Northern Territory.
The Nolans project’s definitive feasibility study shows it is highly enriched with neodymium and praseodymium, but contains all of the different rare earths in varying concentrations. Arafura has secured a binding offtake agreement with Hyundai Motor and Kia. In addition, there is a non-binding memorandum of understanding with General Electric Company’s, to collaborate on the establishment of sustainable rare earths supply chains.
Arafura has plans for Nolans to be a vertically integrated operation with processing facilities on-site. According to an updated mine report from 2022 states that Nolans has a 38 year life at a capacity of 4,440 MT of NdPr concentrate production per year.