Highlights:

  • Capital cost trending indicates that the capital cost to the first production at Nolans is likely to be approximately A$1,680 million. Currently, this represents an approximate 5.7% increase from the A$1,590 million estimate provided in the November 2022 Project Update1. The Capital Cost trend estimate is substantially in line with expectations.
  • Indicative Project Schedule
231213-ASX-ARU-Arafura-Rare-Earths-Equity-Raising-Presentation-1

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