NdPr Rare Earths

The rare earths Neodymium (Nd) and Praseodymium (Pr) are common in the earth’s crust but are hard to find in economic quantities and even more complex to extract. One of the world’s largest and richest NdPr deposits is the cornerstone of Arafura’s Nolans Project in the Northern Territory.

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The Nolans Project

The Nolans Project covers a proposed NdPr mine and processing operation 90 minutes’ north of Alice Springs. Nolans could supply up to 10 per cent of the world’s demand for NdPr when in full production.

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Rare Earth Magnets Are Vital To A Clean Energy Future

NdPr is a key raw material used in the automotive, portable electronics, clean energy, aerospace and healthcare sectors. The fastest growing and highest value market for NdPr is in rare earth permanent magnets. These magnets are three times stronger than, and a tenth the size of, conventional magnets. They are one of the reasons why everyday items have become smaller, lighter, more mobile, more efficient and more affordable.

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Ian John Kowalick AM
Non-Executive Chairman


BSc (Hons), BEc


19 December 2002

Ian Kowalick has qualifications in science, engineering, economics and finance. Ian has worked in technical and project consulting, economic and business analysis for resource companies, banking and investment. From 1995 to 2000, he held the most senior management position in the South Australian public sector, and is currently the Chairman of the South Australian Forestry Corporation Board.

He is the Chairman of Arafura's Remuneration and Nomination Committee, and a Member of the Audit and Risk Committee.

Ian was appointed Chairman on 1 February 2012.


Gavin Lockyer
Managing Director


BBus, CA


23 July 2013

Gavin graduated with a Bachelor of Business in Accounting and Finance in Western Australia in 1987 and has subsequently become a member of both the Institute of Chartered Accountants and the Finance & Treasury Association of Australia.

He joined Arafura in 2006 as Chief Financial Officer and Company Secretary after having served as Financial Controller with the Tethyan Copper Company Limited. Gavin previously held a number of senior finance and treasury positions in global mining companies Newcrest and Newmont following a successful international investment banking career with BankWest and ANZ in Australia, and Bankers Trust and Deutsche Bank in London.

Gavin’s diverse, global experience has provided management and leadership opportunities in a range of disciplines including Accounting, Financial & Investment Banking, Major Resource Development & Operations, and Global Bank Treasuries. Over the past 23 years his career has exposed him to business practices in Australia, Europe, the UK, the US, Japan, China and Pakistan.


Chris Tonkin
Non-Executive Director


BSc (Hons) Metallurgy and Chemistry, BA Economics and Politics, MBA


1 January 2011

Chris Tonkin has over 25 years experience as a senior business executive with a broad industry background in business generation, management and strategy development. He has a substantial track record in structuring and arranging complex financings for companies and projects, in Australia and internationally, across all major industry sectors and particularly the resources, power and telecommunications sectors.

He began his career as a metallurgist and environmental specialist, diversifying into commercial roles at several major industrial companies and subsequently project finance, corporate and project advisory roles at AIDC, The Chase Manhattan Bank. KPMG Corporate Finance and ANZ, where his most recent role was Head of Natural Resources, Project and Structured Finance.

Chris is a Graduate of the Australian Institute of Company Directors and a Member of the Finance and Treasury Association.


Terry Grose
Non-Executive Director




21 January 2013

Terry Grose has a strong commercial background gained over 30 years as a senior business executive, consultant and director, in Australia and internationally.

He spent a number of years in merchant banking before joining Wesfarmers Limited in 1985 as its first Business Development Manager. During the ensuing decade he held various senior management positions in Wesfarmers’ corporate office, its fertiliser & chemicals division and its coal mining division. For several years he was General Manager International Business Development.

In 1996 Terry moved to Hong Kong as CFO and executive director of an innovative computer software company with operations in Hong Kong and Japan. Three years later he played a key role in negotiating the sale of the business and then established his own business, Grose International, a commercial and financial consultancy with clients throughout Asia.

Since returning to Australia in 2008 he has worked as a consultant specialising in strategic planning and financial management and as a director of a number of companies.

Terry is a Fellow of the Australian Institute of Company Directors and is currently a director of Yirra Yaakin Aboriginal Corporation, Martu People Limited and Central Desert Native Title Services Limited.

Zhang Quansheng
Non-Executive Director


Doctoral degree in Engineering and Masters degree in Geophysical Prospecting. 


18 November 2016

Zhang Quangsheng holds a Doctoral degree in Engineering and a Masters degree in Geophysical Prospecting. 

Mr. Quansheng is based in Nanjing in the Peoples Republic of China and is the General Manager of Hong Kong East China Non-Ferrous Mineral Resources Co Ltd (HKECE). Zhang has over 30 years of mineral prospecting and exploration experience, and expertise in mineral resource surveys and geophysics. 

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The Nolans Project Key Figures

680 million USD capital cost
30+ years mine life
3,600  tonnes of NdPr a year
2020  first production target

Share Price $0.135
Source: ASX Code: ARU Delayed 20 minutes

Corporate Presentation

Annual Report 2017


Fact Sheets

Sustainability Report

Nolans EIS