ASX, ARU, ARAFURA LAUNCHES A$20 MILLION INSTITUTIONAL PLACEMENT, AND, A$10 MILLION SP

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.