ARU - Quarterly - 30 June 2025

[John]

https://wcsecure.weblink.com.au/pdf/ARU/02971898.pdf

Some intriguing updates in this quarter for anyone tracking ex-China HREEs and project readiness:


HREE in Waste Streams - Potentially More Revenue:
Arafura is reviving the opportunity to recover Dy/Tb from its waste liquor streams, long overlooked in the DFS:

“A significant portion of the SEG/HRE... are not currently recovered into final products and are contained in the waste liquor from acid purification… The Company has decided to advance this recovery opportunity and is currently progressing an initial program of test work with a local laboratory.”

Per the 2022 DFS, HREE output was ~474 tpa. This new work could meaningfully lift recovery of dysprosium and terbium, especially relevant given:

“Recent China export restrictions on heavy rare earths have increased the focus on the strategic importance of Dy and Tb.”

Radiation Plan Approved - Doubters Take Note
For those who questioned licensing progress:

“Subsequent to the end of the quarter on 11 July 2025, Arafura received confirmation that the RPRWMP had been approved by the delegate of the Minister for the Environment and Water.”

This clears another regulatory hurdle and adds confidence to the project’s construction-readiness.


Cash Runway Holding Steady

Lots of people talking crap on HotCopper on this topic. And ARU management have stuck to what they said in March 2025....

“The Company continues to maintain financial runway through to at least the first quarter of 2026 calendar year.”

Lots of people with lots of agendas on HotCopper. Notice how they don't dare come comment on here?


Lets see what else is said tmrw at the meeting.


I'm looking for management doing some buying on market. Their blackout period has finished now.

 

[Szalva]

Yes, Management buying shares would benanninteresting Signal-as Long as the buy for a significant amount

 

[patarnoster]

Thanks mate, i missed the RPRWMP & HREE update, this is good to hear, quite forward thinking, lets hope its not all bubbles.

The other thing I noted was the metals note for NDPR Oxide, this points to a German downstream magnet maker, which would be interesting especially since it is tied to an offtake for the 100m equity. Making it into a metal would need a partner, maybe a JV partner.

Few other pick ups.

Power Station
Negotiations between the Company and the power station solutions provider for the development of a power-
purchase agreement progressed with drafting of the legal documentation underway.

Then check this out,

OEM Wind/Auto, Tier 1 & Trading and Where is the above 100% gone, where is the 191%... Thats not alot to go around for trading + Wind / Auto plus Tier 1? I dont quite get this one.

 

[John]

Interesting @patarnoster

this will be my question tmrw:

In ‘Table1: Offtake Overview’, the 730 tpa allocation to 'OEM Wind/Auto, Tier 1 & Trading' is the largest outstanding segment. Is this tied to a single advanced strategic partner, and is it fair to say that finalising this agreement is the last hurdle to reaching FID?

 

[Szalva]

Interesting @patarnoster

this will be my question tmrw:

In ‘Table1: Offtake Overview’, the 730 tpa allocation to 'OEM Wind/Auto, Tier 1 & Trading' is the largest outstanding segment. Is this tied to a single advanced strategic partner, and is it fair to say that finalising this agreement is the last hurdle to reaching FID?

GE has also been „Advanced offtake negotiations“ for a long period and then Dissappeared silently….hopefully this would not be the case this time with the advanced….