Arafura's Nolan project inches further towards development

ARAFURA Resources has received a non-binding offer of A$200 million from the Australian government-owned Export Finance Australia and has engaged Macquarie to find further debt to build the Nolans rare earths project north of Alice Springs in Northern Territory.

Arafura's Nolan project inches further towards development Arafura's Nolan project inches further towards development Arafura's Nolan project inches further towards development Arafura's Nolan project inches further towards development Arafura's Nolan project inches further towards development

Nolans, NT

Exactly how much funding is required will become clearer this quarter when a new capital cost estimate is reported.

The most recent estimate was circa $1 billion.

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