Arafura Resources has secured a site in Whyalla, South Australia, for its rare earths processing plant.
It has signed a contract with OneSteel to purchase 800 hectares of land for the rare earths complex.
The miner has carried out detailed engineering and environmental studies on site, and earlier this month received EIS guidelines relating to development approvals for the structure.
The land is located within the existing OneSteel Whyalla landholding.
Arafura managing director Steve Ward said the “singing marks a very important milestone in the development of the Nolans Rare Earths Project and helps to cement Arafura’s position as one of the very few near-term producers of rare earths.
“Whyalla is a key part of this.”
He went on to say the Whyalla community and the South Australian and Northern Territory governments have been very supportive of our plans to deliver a project that will place Australia well and truly on the global rare earths industry map.”
Fellow Australian miner Lynas Corp has recently announced progress on their rare earths processing complex in Malaysia.
The refinery was investigated by the International Atomic Energy Agency to ensure it remained within safe radiation emitting levels.
According to the Malaysian Trade Ministry, the report found that while the plant complied with radiation safety standards it needed to improve regulations.
The IAEA made 11 recommendations for waste management and eventual decommissioning of the rare earths refinery.