Magnetics Business & Technology - July/August 2021 - 31

INDUSTRY NEWS
The Nolans ore to oxide project, including waste management
at site, has a capex of approximately US$768 million and will
include beneficiation, extraction and separation plants, to produce
an NdPr Oxide, a SEG/HRE Oxide and Phosphoric Acid
by-product. The NdPr Oxide feed will be further upgraded via
toll processing in South-east Asia to produce a saleable NdPr
Metal product for customers to direct to their preferred magnet
manufacturer.
" Tier-one companies that have long-visioned strategic recognition
of their demand requirements and are sensitive to growing
stakeholder ESG interests have been very receptive to our
supply chain model, " says ARU General Manager Sales and
Marketing, Lloyd Kaiser.
Nolans has all the necessary approvals in place and will be
developed and operated in a tier one jurisdiction where there
are high environmental and social standards with compliance to
a rigorous regulatory framework. Customers will be able to establish
complete supply chain traceability from mine to magnet
and be confident the NdPr used in their magnets will be from
Arafura's ESG certified mine and processing plant.
In May, Federal Ministers of the Australian Government
pledged support for the Nolans Project with Export Finance
Australia (EFA) issuing a conditional letter of support to provide
Nolans with up to A$200 million in long-tenor debt funding.
Gavin Lockyer,
Managing Director,
Arafura Resources,
Ltd.
Arafura Managing Director Gavin Lockyer
commented: " We continue to see positive
signs that the Australian government is
serious about supporting the development
of critical minerals projects and
downstream processing capacity within
our borders. The proactive stance from
Australian Federal Government Ministers
has been extremely encouraging.
For Arafura specifically, the $200m letter
of support received from EFA was an
important first step in lining up funding for
Nolans and we remain in discussions with
them and others as we look to formalise
arrangements ahead of a Final Investment
Decision in the second half of 2022. "
Arafura is aiming for Nolans to be one of the most environmentally
sustainable rare earth projects globally and has recently
applied for membership to the UN Global Compact and Initiative
for Responsible Mining Assurance (IRMA), and committing
to independent, third-party reporting of environmental, social
and governance (ESG) performance.
An important first step in the company's carbon reduction
journey has been applying for a permit to use land close to the
process plant site for the construction of a solar farm to offset
natural gas power consumption. Other initiatives to reduce
greenhouse gas emissions are currently being undertaken as
part of a study that will also set interim targets on the company's
journey toward net zero carbon emissions.
" Commitment to the sustainable development and operation of
Nolans is a core principle and goal of the Arafura Board of Directors,
our shareholders and all our employees. This first step
represents our commitment to an unending journey of striving
to leave the world a better place than before we started, " said
Mr Lockyer.
www.MagneticsMag.com
July/August 2021 * Magnetics Business & Technology 31
The global transition to e-mobility is now showing strong fundamentals
with Governments around the world offering attractive
incentives and industry responding with significant investment
in manufacturing capacity and product offerings.
Analysts now have far more concrete data to base their forward
market projections, with most in recent months revising upwards
and bringing forward their NdPr market demand scenarios.
The emergence of Arafura as one of the next strategically
significant suppliers of NdPr to the world looks a strong bet.
For more infomation see www.arultd.com
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