Shares in
Arafura Resources Limited(ASX: ARU) are soaring in early trade today after the company unveiled its Nolans Project’s feasibility study.
The Arafura share price is up 11.1% at the time of writing, trading at 20 cents apiece.
Nolans is a neodymium-praseodymium (NdPr) project, located in the Northern Territory. It’s 100% owned by Arafura.
Let’s take a look at the project’s feasibility.
Nolans Project
The Nolans Project will include a mine and processing plant, as well as other related infrastructure. It will mine NdPr and produce NdPr oxide on-site.
The feasibility study found Nolans has a mine life of 38 years and the ability to produce 4,440 tonnes of NdPr oxide each year.
But as the report makes clear, Australia’s biodiversity information systems are antiquated and not fit for purpose. The Academy continues to support the establishment of a national biodiversity information agency.
Only through significant changes in Australia’s data and information systems can we hope to derive economic, social and environmental benefits from our biodiversity regulatory regime.
Science, working with landholders, business, government, and other researchers, can solve this crisis and reverse Australia’s lamentable record for biodiversity devastation.
[1] Steffen, W., Broadgate, W., Deutsch, L., Gaffney, O., Ludwig, C., 2015. The trajectory of the Anthropocene: The Great Acceleration. Anthr. Rev. 2, 81-98. https://doi.org/10.1177/2053019614564785; Woinarski, J.C.Z., Braby, M.F., Burbidge, A.A., Coates, D.,