November 27, 2022

Arafura’s Brescianini on the growing demand for magnet metals

“We are dealing in a sector that is really starting to grow in the magnet space. Of course our rare earths go into magnets. With all of the changes that are going on in the technology space, we are very well positioned to be able to feed that particular sector. As you know we are completing our definitive feasibility study. That will be out in the next couple of months. I guess investors would really start to understand the value proposition that Arafura offers.” States Richard Brescianini, General Manager of Exploration & Development at Arafura Resources Ltd. (ASX: ARU), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.

Tracy Weslosky: Richard this is extremely timely that we are speaking to you with all of the current conflict between the U.S. and China and now with the Chinese conflict with the Canadians, everyone is looking to Australia for magnet metals. Would you agree? 

Richard Brescianini: I would agree. We are a very, very stable country. We have been saying that for many, many years now. I guess what we are seeing play out in the geopolitical sphere really begins to reinforce that fact. 

Tracy Weslosky: We just did a piece actually on how the U.S. Defense law has everyone also looking at Australia. We have got investors around the world looking at you. Would you not say now is the time to be looking at a company like Arafura? 

Richard Brescianini: I think it is. We are dealing in a sector that is really starting to grow in the magnet space. Of course our rare earths go into magnets. With all of the changes that are going on in the technology space, we are very well positioned to be able to feed that particular sector. As you know we are completing our definitive feasibility study. That will be out in the next couple of months. I guess investors would really start to understand the value proposition that Arafura offers.

Tracy Weslosky: For those of you out there in InvestorIntel land and you are going, what are these rare earths? What are these metal magnets? I will tell you what they are. They are currently controlled by the Chinese and especially with the processing aspect. Of course, Arafura is well on your way with your processing techniques. Is that correct?

Richard Brescianini: That is correct. Just recently we put a statement out there that told the market that our entire processing operation will be located in Australia. We are not mucking about with having it in multiple countries or anything like that. We really want to be able to focus our operations in Australia for stability purposes. I guess your hearers or your listeners will know about some of the things that are playing out in Malaysia right now, which really reinforces our decision to keep it all in Australia…..to access the complete interview, click here

Disclaimer: Arafura Resources Ltd. is an advertorial member of InvestorIntel Corp.

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One response

  1. Tracy Weslosky Avatar
    Tracy Weslosky

    We are very interested in an update from LYNAS on what is happening in Malaysia Richard as LYNAS is one of the only producers outside of China for the world’s magnet metals. The source that updated me initially was on Nov 29th from Mining.com – http://www.mining.com/lynas-corps-malaysia-plant-shut-2019/ . There is a Clarification of Recent Media Reports from December 11th on the Lynas Corp. site which may be accessed at the following link: https://www.lynascorp.com/Shared%20Documents/Investors%20and%20media/Announcements%20and%20media/2018/181214%20Clarification%20of%20Media%20Reports%201883019.pdf

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