Arafura Resources Awarded A$30M In MMI Funding
Arafura Resources Limited (ASX:ARU) has been awarded grant funding of A$30 million under the Federal Government’s Modern Manufacturing Initiative (MMI) which will contribute to the construction of an $90.8m rare earth separation plant at its Nolans Project in Australia’s Northern Territory. The A$1.3 billion MMI forms part of the Resources Technology and Critical Minerals Processing Roadmap that aims to develop Australia as a regional resources technology and critical minerals processing hub within 10 years. The MMI continues to build on broad Australian, Territory and export partner government support for Nolans. The grant awarded to Arafura falls under the MMI’s Collaboration Stream, which provides funding to a small number of transformational projects that will create and facilitate collaborative ecosystems. Nolans, 135...