This sustainability report covers the period from 1 July 2020 to 30 June 2021 (FY21).
The report forms part of Arafura's annual corporate reporting suite. It offers an account of our contributions to sustainable development and complements Arafura's FY21 Annual Report.
The report covers our 100%-owned Nolans Project and exploration activities in Australia.
The report has been prepared in line with guidance from the World Economic Forum (WEF) Standards. The report also complies with disclosure requirements for the WEF 'Stakeholder Capitalism' framework which can be found at the end of the report.
For further information about our sustainability approach, or to provide feedback about this report please email email@example.com or call us on +61 (08) 6370 2800.
Unless otherwise stated, the currency used throughout this report is Australian Dollars.
CARING FOR THE
Sustainability Report FY21
FROM THE CHAIRMAN & MANAGING DIRECTOR
Arafura Resources - A focus on Sustainability
MESSAGE FROM THE CHAIRMAN & MD
Looking to the future, Arafura has committed to achieving net
For personal use
Welcome to Arafura's updated Sustainability Report. This dedicated annual overview will cement sustainability at the heart of all we do to become a trusted global leader and supplier of choice of rare earth products.
In preparing the Nolans Project for this next critical phase, we are primed for a period of rapid transformation as we move from engineering, construction, and finally into a consistent state of production. Each of these phases will impact sustainability risks and opportunities and require strategic planning and consideration. Now is the right time to release our sustainability report to set a baseline for performance, outline our roadmap and make commitments for the future.
FY21 was a year of significant progress for the Nolans Project with several milestones achieved in the development of our first operation in the inland central region of Australia's Northern Territory. A Native Title Agreement (NTA) was executed in June 2020 with the site's Native Title Holders representing Kwaty Aboriginal Corporation RNTBC, Irretyepwenty Ywentent Pwert Aboriginal Corporation RNTBC and Alherramp Ilewerr Mamp Arrangkey Tywerl Aboriginal Corporation RNTBC. The NTA provides for the ongoing protection of the Native Title Holders' rights as well as allowing them to share in the long-term benefits of the Nolans Project.
Following the NTA, in July 2020 the main project mineral leases covering the Nolans mine, processing plant, waste storage facilities and accommodation village were granted. The grant of these leases provided Arafura with security over the whole asset and secured our regulatory pathway to development.
In August 2021, $45.5M was raised which enabled us to commence Front End Engineering and Design works (FEED). This will take an estimated 12 months allowing a Final Investment Decision to be made in H2 2022.
THE RARE EARTHS SECTOR WILL PLAY A MAJOR ROLE IN DELIVERING ON A LOW-CARBON FUTURE AND ARAFURA IS IN
A STRONG POSITION TO MAKE A REAL DIFFERENCE.
Over 2021, we have prepared both the Mining Management Plan and associated Environmental Management Plans which will be submitted to the Northern Territory Government for final mining approval.
Finally, in 2021 Arafura became a signatory to the United Nations Global Compact. This is an important strategic move for us as we remain committed to best-practice operations in the protection of our environment, genuine engagement with local indigenous owners, and ensuring strict anti-corruption measures are in place across the business.
zero carbon emissions by 2050. We are not underestimating the gravity of the commitment and have already begun work on defining our pathway to net zero, which we look forward to sharing soon.
Arafura's progress over the past twelve months in these important areas have put us in the strongest possible position to deliver for shareholders in the coming year.
None of this would be possible without the team we have in place at Arafura and we would like to thank all staff, contractors, partners and shareholders for their ongoing support.
Sustainability Report FY21
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Arafura Resources Ltd. published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 02:29:05 UTC.