- CEO
- Darryl Cuzzubbo Mast
- Full Time Employees
- 19
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 432 Murray Street Perth WA Australia 6000
- IPO Date
- Nov 4, 2003
- Business
- Arafura Rare Earths Limited is an Australian rare earths exploration and development company focused primarily on the Nolans Project in the Northern Territory, which produces high purity rare earth products including Neodymium-Praseodymium (NdPr) oxide and mixed middle-heavy rare earth oxides (SEG/HRE). The company’s core products serve advanced industrial applications such as automotive drive motors, wind turbine generators, robotics, consumer electronics, and renewable energy technologies. In addition to rare earths, Arafura produces a marketable phosphate by-product, phosphoric acid suitable for granular fertilizers. Founded in 1997 and headquartered in Australia, Arafura targets the strategic supply chains of Japan, Korea, China, Europe, the US, and Australia through its rare earth offerings.
Recently, Arafura secured substantial funding to fully finance the Nolans Project construction, comprising a A$475 million institutional placement, a A$50 million share purchase plan, and US$775 million in senior debt facilities. Hancock Prospecting increased its stake to approximately 15.7% through A$125 million investment. The Nolans Project has achieved cornerstone status under the US-Australia Critical Minerals Framework, highlighting its strategic importance. Key partnerships include a Memorandum of Understanding with GE Renewable Energy to supply NdPr for offshore wind turbines. The company aims for a Final Investment Decision by early 2026, with operational expansion and strengthened financial footing positioning it as a significant Western supplier of neodymium-praseodymium oxide for emerging clean technology and energy markets.
Arafura’s product development emphasizes rare earth oxides critical for Neodymium Iron Boron permanent magnets, the largest market segment for NdPr oxide, supporting electric vehicles, wind turbines, and other green applications. The company's diversified business segments include mining, processing, and downstream product sale in targeted global markets with a strong focus on sustainability and clean energy industry integration. The combined mine and refinery project at Nolans has an estimated 40-year mine life and is progressing engineering design, environmental assessments, and resource definition activities to advance construction readiness.
This comprehensive portfolio and recent financial and strategic developments reflect Arafura Rare Earths’ deepening role in the global rare earth industry as an essential supplier outside China, serving key customers and strategic markets in Asia, Europe, and America while anchored in its Australian operations and origins.
Arafura Rare Earths Limited trades on the Australian Securities Exchange under the ticker ARU.