Arafura Resources
Arafura Resources derives its name from the Arafura Sea, the body of water which lies to Australia’s north between the Northern Territory and New Guinea. The company has a number of assets, including:
- Nolans rare earths-phosphate-uranium project.
- Mt Porter and Kurinelli gold projects.
- Hammer Hill base metal joint venture with Mithril Resources Ltd and BHP Billiton.
- Jervois magnetite-vanadium project.
See more information about Arafura Resources
East China Mineral Exploration & Development Bureau increases stake Aussie rare earth producer Arafura to 25pct
Rare earths developer Arafura Resources (ASX: ARU) will progress the bankable feasibility study for its Nolan Rare Earths project in the Northern Territory, after receiving shareholder approval for a $23 million placement to its Chinese partner.
In June, Arafura issued the first tranche placement of 28.3 million shares to ECE, for $8.5 million, at 30 cents per share.
Shareholders at yesterday's extraordinary general meeting unanimously voted in support of the Chinese group placement, East China Mineral Exploration & Development Bureau's (ECE) will increase its investment in Arafura to 25 percent.
Other Arafura Resources news
- Arufa well-placed to take advantage of China's tightening of rare earths supply
2009-08-21 - Arafura Resources snags A$24m funding deal with East China Exploration for rare earths project
2009-03-13
