Company Overview and News
Arafura Resources (ASX:ARU) has successfully completed bulk pre-leach piloting for its Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory.
There are rare earth deposits across the world, but they are difficult to find in economic quantities.
The Australian mining industry is on the verge of a new mining boom based around so-called tech metals.
LONDON, April 12, 2017 /PRNewswire/ -- About Rare Earth Metals Rare earth metals comprise 17 chemical elements in the periodic table, which include fifteen elements of the lanthanide series, and scandium and yttrium. Scandium and yttrium are also considered rare earth metals as they are found in the same mineral ore deposits as the other elements of the lanthanide series. Rare earth metals have unique physical and chemical properties, which make them suitable to alloy with other metals in applications that require properties such as enhanced magnetic strength and high-temperature resistance.
Arafura Resources (ASX:ARU) has raised $3,133,500 from shareholders via a share purchase plan at $0.060 per share.
Arafura Resources (ASX:ARU) is progressing to the next phase of piloting at its Nolans Neodymium-Praseodymium Project in the Northern Territory.
Force Commodities (ASX:4CE) has appointed new board and management for the progression of commercialisation studies for the company’s assets.
Rare earths explorer Arafura Resources has announced a $5.1 million capital raising to fund ongoing work at its Nolans project in the Northern Territory.
Arafura Resources (ASX:ARU) shares last traded at $0.10, or close to double their value from the beginning of 2017, as investors provide support for the company's wholly-owned Nolans Neodymium-Praseodymium Project in the Northern Territory.
The receipt of these funds brings the total cash receipts from the government’s rebate incentive to $35.2 million. Arafura’s current cash reserves stands at $9.8 million.
The beneficiation pilot plant is the first stage of Arafura’s final piloting of the Nolans process flow sheet. The beneficiation piloting operation was completed during November-December at ALS Global’s facilities in Perth. Arafura managed the program under advice from equipment manufacturers and independent engineering organisations. The pilot plant’s success, including materials handling and equipment performance data, will be utilised for detailed design and final feasibility.
Arafura Resources Ltd (ASX:ARU) has attained Major Project Facilitation (MPF) status with the Australian Government for its Nolans Rare Earths Project in the Northern Territory. The MPF status will provide Nolans with tailored facilitation services to support a timely and efficient approval process. This will include the coordination of all relevant Australian and Northern Territory government processes so that they occur, as far as practicable, simultaneously and without delay.
The companies reviewed here cover a variety of business models in the rare earths space. Factors to consider when reviewing the explorer/developers include the skills base within the company, the likely access to capital (rare earth projects are expensive), the political risk and the required infrastructure (many are in remote places). The development stage of the project is also an important consideration as (a) rare earth projects are complex and take longer than those of other commodities particularly as they require a pilot plant to test the complex metallurgical process and (b) in a relatively small market first mover advantage is important.
Ark Mines Ltd (ASX:AHK) is aiming to become a gold producer from its tenements in the Northern Territory.
Arafura Resources Ltd (ASX:ARU) is an emerging rare earths producer. Arafura is currently developing its Nolans rare earths-phosphate-uranium project in Australia’s Northern Territory.
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