Arafura Rare Earths Limited

Potentially later also looking at metallization, but certainly by next year, they'll be up and running and produ-- able to produce light and heavy rare earths that go into permanent magnets.

One point six five billion non-recourse loan there, um, from the, um, EFA and also Arafura has also had substantial de-risking on the funding side to help it get up its project, which is for neodymium praseodymium in the Northern Territories.

And again, both of those projects, uh- Arafura by about '29, '30 for output has reached final investment.

Both of those with a very substantial amounts of tons, tonnage per annum to, to boost a rare earth supply chain, right, at that really critical area of the r- the mining and the refined output.

So we're probably looking at something like 22,000 tons of annual new rare earth permanent magnet capacity by 2029, and we're also looking at a lot of new rare earth oxide that could go into new rare earth magnets.

There's better and worse ways to do that, of course, but the debate must be about how we do that well, not whether or not, uh, the state should be involved.

Uh, Australian projects have had challenges, right, getting up and running.

Arafura is a good case study.

Usually by the time you get the substantial shareholder notice, that means the buying is over, and that's certainly what's happened today.

ARU, Arafura, down 5.3% to 18 cents.

And speculative stock of the day today was BOA, a bit constricted.

for that one today.

But yeah, and what's your avoid? What's your wildcard?

My wildcard is Arafura, so A-R-U.

So they announced an off-take agreement with a wind turbine.

manufacturer so it's bounced but the thing is if you look if you zoom out on the chart it's still very very low uh relative to where it was so i think uh you know and it shows that it's going to progress into a mine if they're getting off take agreements so yeah good risk to reward at these levels

Well, we should just ask our mate Barnaby Joyce.

He's a really good Arafura trader, apparently.

Or his son is.

His four-month-old son.

I made no call at the little island, but standing close in exchanged signals with the keeper of the light.

Sailing on, the sloop was at once in the Arafura Sea, where for days she sailed in water milky white and green and purple.

It was my good fortune to enter the sea on the last quarter of the moon, the advantage being that in the dark nights I witnessed the phosphorescent light effect at night in its greatest splendour.

The sea where the sloop disturbed it seemed all ablaze, so that by its light I could see the smallest articles on deck, and her wake was a path of fire.

Several pigeons flying across today from Australia towards the islands bent their course over the spray.

Smaller birds were seen flying in the opposite direction.

In the part of the Arafura that I came to first, where it was shallow, sea snakes writhed about on the surface and tumbled over and over in the waves.

As the sloop sailed further on, where the sea became deep, they disappeared.

And we've made it really clear to all of the investors that they have to have a footprint here.

And I just left the Minerals Council's Arafura Rare Earths Breakfast, another project that's going to be in construction in two weeks.

These projects are long-term projects, 30 years in the making, both of them.

But we've made it very, very clear.

So

it's going to – you know, it's really well and truly into the future and we're talking – 30, 40, 50 years.

So 40 years is Arafura's project.

It's a very long project.