Arafura Resources has appointed engineering consultancy, Hatch, as the lead engineering study manager for the definitive feasibility study at the Nolans neodymium-praseodymium (NdPr) project in the Northern Territory.
Hatch, an engineering company with experience in rare earth projects, has recently completed similar engagements with clients comparable to Arafura and has access to a network of procurement professionals, potentially allowing it to source lower-cost solutions for Nolans.
Arafura managing director Gavin Lockyer said the appointment of Hatch was another milestone for the company.
“Having recently appointed Stewart Watkins as project manager, the company can now progress the DFS, anticipating completion by the end of this calendar year,” Lockyer said.
“Once that has been achieved, Arafura will be one of the few companies worldwide in a position to make a final investment decision on the development of an NdPr project in what we anticipate to be a rising price environment for our products.”