Arafura has ticked off yet another item on its checklist for development of its Nolans NdPr Project with the grant of Access Authorities for the site access road, mine access road, and borefield access.

The grant, which follows on the heels of Mining Authorisation from the Northern Territory Government, includes corridors for the construction of the process plant site and village access roads, mine access road and borefield access tracks and pipeline routes.

Notably, these link all the granted Mineral Leases for the project, which Arafura Rare Earths (ASX:ARU) is looking to start construction in early 2023.

The Access Authorities have been granted for the term of the associated Mineral Leases to Arafura’s wholly owned subsidiary Arafura Nolans Project.

“Granting of the Access Authorities is one of the many things that the team at Arafura have been working on over the past year, in parallel with front-end engineering and design, product offtake, and project funding,” managing director Gavin Lockyer said.

“It represents another important step towards commencing construction on the Nolans Project.”

Nolans neodymium-praseodymium Project

Nolans currently has a resource of 56Mt at 2.6% total rare earth oxides (TREO) and 11% phosphate, half of which is defined as an Ore Reserve of 29.5Mt at 2.9% TREO and 13% phosphate.

More than a quarter of the REE is valuable NdPr, enough in fact to underpin production of about 4,440 tpa of NdPr oxide along with 474 tpa of heavy rare earths oxide and 144,393 tpa of phosphoric acid for 38 years from a single pit.

This represents about 5% of current global demand.

Production is expected to start in 2025 subject to project financing, completion of construction and development and commissioning of the Project.

 

 

 

This article was developed in collaboration with Arafura Resources, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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