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Arafura Resources buoyed as Federal Ministers pledge support for Nolans Neodymium-Praseodymium Project in Northern Territory
Arafura’s recent feasibility study update confirmed the project’s ultra-low operating costs of US$24.76/kilogram neodymium-praseodymium oxide and will form the basis for securing project finance. The company has received a letter of support from two Australian Government Ministers.
Arafura Resources Ltd (ASX:ARU) (OTCMKTS:ARAFF) (FRA:REB) is encouraged by the strong support being demonstrated by the Australian Federal Government for the Nolans Neodymium-Praseodymium (Nd-Pr) Project in the Northern Territory.
The latest show of support is in the form of a letter from the Minister of Trade, Tourism and Investment Dan Tehan and the Minister for Resources, Water and Northern Australia Keith Pitt.