Arafura Resources : Austmine Presentation

ASX ANNOUNCEMENT

AUSTMINE FUNCTION PRESENTATION

25 May 2022

Arafura Resources Limited (ASX:ARU) ("Arafura" or the "Company") is please to attach a copy of its presentation

for the Austmine CEO Leadership	Luncheon. Mr Mark Southey, Chairman presented on the topic
"Arafura- Reshaping the Critical Minerals Supply Chain".
only
	-ENDS-
For further information contact:	Media Enquiries:
Gavin Lockyer	Anthony Hasluck
Managing Director	Clarity Communications
use	[phone]
[phone]
Authorised by:
personalFor
Catherine Huynh

Company Secretary

Arafura Resources Limited | ABN: 22 080 933 455

Level 6, 432 Murray St, Perth WA 6000

PO Box 5773, St Georges Terrace, Perth WA 6831

T: [phone] | W: www.arultd.com | E: [e-mail]

Arafura - Reshaping
the Critical Minerals
only
Supply Chain
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May 2022

24/05/2022

(ASX:ARU)

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Disclaimer		24/05/2022
This presentation has been prepared by Arafura Resources Limited (Arafura, Arafura Resources or the Company) and is of a summary form only and therefore contains general background
information which may not be complete. It should be read in conjunction with, and full review made of Arafura Resources' disclosures and releases lodged with the Australian Securities
Exchange (ASX) and available at www.asx.com.au.
This presentation contains certain statements which may constitute "forward-looking statements." Such statements are only expectations or beliefs and are subject to inherent risks and
uncertainties which could cause actual values, results or performance achievements to differ materially from those expressed or implied in this presentation. No representation or warranty,
express or implied is made by Arafura Resources that any forward-looking statement contained in this presentation will occur, be achieved or prove to be correct. You are cautioned against
relying upon any forward-looking statement.
Except for statutory liability which cannot be excluded, each of Arafura Resources and its related body corporates and their officers, employees and advisers expressly disclaims any
responsibility for the accuracy or completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may
be suffered by any person as a consequence of any information in this presentation or any error in it or omission from it. Arafura Resources accepts no responsibility to update any person
regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person, nor any obligation to furnish the person with any
further information.
This presentation does not constitute an offer of any securities in Arafura Resources, in any jurisdiction, nor an invitation to apply for such securities, in any jurisdiction, and will not form part
of any contract for the acquisition of Arafura shares. This presentation does not provide investment advice or financial product advice. You should obtain professional advice and carry out
your own independent investigations and assessment of the information in this presentation (including any assumptions) before acting.
Information in this presentation which is attributed to a third-party source has not been checked or verified by Arafura Resources.
Mineral Resources and Ore Reserves
The information in this presentation that relates to Mineral Resources is extracted from the Company's ASX announcement dated 7 June 2017 (Detailed Resource Assessment Completed)
and was completed in accordance with the guidelines of the JORC Code (2012). The information in this presentation that relates to Ore Reserves is extracted from the Company's ASX
announcement dated 16 March 2020 (Major Increase in Mine Life for the Nolans Project) and was completed in accordance with the guidelines of the JORC Code (2012). Arafura Resources
confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and
technical parameters underpinning the estimates in the original market announcements continue to apply and have not materially changed. Arafura Resources confirms that the form and
context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.
Production Targets and Forecast Financial Information
The information in this presentation that relates to production targets and financial information is extracted from the Company's ASX announcement dated 11 May 2021 (Nolans Project
Update). The production target is based on 12% Proved Reserves, 62% Probable Reserves and 26% inferred resources as reported in the Company's ASX announcement dated 11 May 2021.
There is a low level of geological confidence associated with inferred mineral resources and there is no certainty that further exploration work will result in the determination of indicated
mineral resources or that the production target itself will be realised. Arafura confirms that all material assumptions underpinning the production target and forecast financial information (ASX:ARU)

derived from the production target set out in the Company's ASX announcement dated 11 May 2021 (including any assumptions referred to in the Company's ASX announcement dated 11
May 2021 that were used from the DFS as set out in the Company's ASX announcement dated 7 February 2019 (Nolans Project Definitive Feasibility Study) or from the Updated Mining Study	2
as set out in the Company's ASX announcement dated 16 March 2020 (Major Increase in Mine Life for the Nolans Project)), continue to apply and have not materially changed.

Corporate Snapshot

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Nolans is a shovel-ready world class NdPr project in the Northern Territory

NdPr is the key input for high

performance NdFeB permanent magnets

Production is aligned with forecast supply shortage

Capital Structure

ASX Code	ARU
ASX Share Price (20 May 2022)	$0.385
Shares on Issue	1,550m
Market Capitalisation	$565.91m
12 Month Liquidity	$367.39m
Cash*	$33.50m
Debt	Nil
Enterprise Value*	$563.41m

*Data based on 31 March 2022 Quarterly Report

24/05/2022

Arafura's Vision

To be the trusted, leading rare

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earths partner of customers in the high impact technologies and enduringly lift the sustainability of our planet

					Share Price Performance
					(May 2021 to May 2022)
	50			Price (AUD)	$0.50
	45			$0.45	shareper A$
			Volume
Volume(m)	40			$0.40
35				$0.35
10				$0.10
	30				$0.30
	25				$0.25
	20				$0.20
	15				$0.15
	5				$0.05
					(ASX:ARU)
	0					$-

May-21Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22May-22

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		Nolans Project		The Nolans Project		24/05/2022
			contains all the Rare
is the only NdPr focused project in Australia		Earths but is particularly
only		that plans to			enriched in the 'Magnet
mine and process ore to oxideat a single		Feed' Rare Earths NdPr
	site.			60	59	Pr
					Nd
					NEODYMIUM	PRASEODYMIUM
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The fastest growing market for NdPr Oxide is in NdFeB Magnets. They help make everyday
		items smaller, lighter, mobile, more efficient and more affordable.
ersonal			ELECTRIC
WIND	ROBOTS		MRI	PHONES &	(ASX:ARU)
	TURBINES	VEHICLES	MACHINES	TABLETS	4