Arafura Resources Limited (AU:ARU) has released an update.
Arafura Resources Limited has achieved a significant debt funding milestone, which is a key step forward in the development of their Nolans project. The company is positioned in the first quartile of the cost curve, indicating potentially lower production costs and is poised to capitalize on the structural supply deficit expected in the industry. This development underscores robust project economics and enhances the company’s ability to create value from its world-class orebody.
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