Owner Arafura Resources told the Australian Securities Exchange that building the plant on-site at the 3600 tonne per year neodymium-praseodymium project lets it mitigate operational and sovereign risk and also unlock significant value prior to export.
The downstream move by rare earths hopeful Arafura Resources is a massive boost for the Territory and in particular the Central Australian region, with up to 370 full-time jobs expected to be created at the now 100% Australian domiciled project all-up.
Arafura will spend US680 million to bring Nolans to production, and this includes the cost of building the separation plant.
At the plant mixed rare earth intermediate (chloride) product will be put through the final stages of processing and refined into high-value neodymi...
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