Ara­fura to build pro­cess­ing plant in NT

The Australian Mining Review - - NEWS - EL­IZ­A­BETH FABRI

NEODYMIUM and praseodymium ex­plorer Ara­fura Re­sources has an­nounced it will build a $US80 mil­lion sep­a­ra­tion plant for its Nolans rare earths project in the North­ern Ter­ri­tory as op­posed to over­seas.

The com­pany has been de­ter­min­ing the fea­si­bil­ity of the lo­ca­tion of the plant for years, with the pre­ferred site orig­i­nally an in­dus­trial es­tate in South Korea.

NT chief min­is­ter Michael Gun­ner said the Gov­ern­ment had been work­ing with Ara­fura through­out the year to se­cure the plant for the Ter­ri­tory.

“Cre­at­ing lo­cal jobs is the Ter­ri­tory Gov­ern­ment’s num­ber one pri­or­ity.

“This an­nounce­ment is a sig­nif­i­cant vote of in­vestor con­fi­dence in the NT and will con­trib­ute to the cre­ation of around 500 con­struc­tion jobs with 350-370 jobs dur­ing oper­a­tions across the project.

“This is a game-changer for the Ter­ri­tory as it po­si­tions Cen­tral Aus­tralia as a leader in clean en­ergy sup­ply chains, plus it rep­re­sents the first time in­dus­try will now have the ca­pac­ity to value add pro­cess­ing to min­eral re­sources.”

Ac­cord­ing to Ara­fura, the plant will be built at its Nolans site, about 135km north of Al­ice Springs.

Ara­fura manag­ing direc­tor Gavin Lock­yer said the com­pany was “very pleased to have set­tled on a site for the plant.

“This makes Nolans a 100 per cent Aus­tralian domi­ciled project and un­locks sig­nif­i­cant value prior to prod­uct ex­port,” Mr Lock­yer said.

“Nolans will soon rep­re­sent a new long-term, se­cure sup­ply of 3600 tonnes of NdPr ox­ide each year and build­ing the Sep­a­ra­tion Plant at the project site will bring ad­di­tional ben­e­fits to the North­ern Ter­ri­tory and in par­tic­u­lar the Cen­tral Aus­tralian re­gion.”

A DFS for the Nolans project was due in the com­ing weeks, with a fi­nal in­vest­ment de­ci­sion due in 2019.

Image:Ara­fu­raRe­sources.

Pilot test­ing for the Nolans flow­sheet at SGS’s Malaga fa­cil­ity.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.