Assay TV is joined by Gavin Lockyer, Managing Director of Arafura Resources (ASX: ARU), a company focused on its shovel-ready Nolan’s NdPr project located in the Northern Territory, Australia.
The project is underpinned by low-risk Mineral Resources that have the potential to supply a significant proportion of the world’s NdPr demand. Once developed, the Nolans Project will become a major supplier of critical minerals to the high-performance NdFeB permanent magnet market.
Gavin also informs us that Arafura recently signed a non-binding MoU with Hyundai Motor Company for neodymium and praseodymium, which will include approximately 1,000 – 1,500tpa of NdPr Oxide when the Nolans Project achieves full production capacity in 2027.
Primary ticker: ASX:ARU
Stage of development: Development
Commodity: NdPr Rare Earths
Project to promote: Nolans
Project location: Australia