Highlights

  • Arafura launches fully underwritten placement to raise approximately A$20 million from sophisticated and institutional investors.
  • Share Purchase Plan launched, targeting to raise an additional A$10 million.
  • Funds raised will be utilised toward continued development of the Nolans Project and for general working capital purposes, while targeting contractual close for project finance.

231213-ASX-ARU-ARAFURA-LAUNCHES-A20-MILLION-INSTITUTIONAL-PLACEMENT-AND-A10-MILLION-SP

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