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    ARU   AU000000ARU5

ARAFURA RESOURCES LIMITED

(ARU)
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Arafura Resources : Sustainability Report FY21

11/28/2021 | 09:30pm EST

ASX ANNOUNCEMENT

ARAFURA LAUNCHES UPDATED SUSTAINABILITY REPORT

29 November 2021

only

Updated Sustainability Report launched with initiatives and targets set in line with ESG

commitment and goal of achieving net zero carbon emissions by 2050

Arafura continues to elevate sustainability practices and reporting in line with expectations

from customers, government and stakeholders

use

Arafura Resources Limited (ASX:ARU) ("Arafura" or the "Company") is pleased to announce the launch of

a new Nolans Project Sustainability Report (the "Report"). The Report aligns with Arafura's ESG Commitment

to "be a trusted global leader and supplier of choice for sustainably mined rare earth products, helping our

customers deliver clean and efficient technologies. We are committed to delivering positive intergenerational

economic, environmental and social benefits to our stakeholders".

Arafura has recognised the strategic importance of implementing and maintaining a culture of sustainability

right across the business from the boardroom to the mine site, which is central to its plans to mine and process

personal

ore to oxide at a single site.

The Arafura Board of Directors, its employees (including the wider owner's team) are pleased to continue to

protect the international credibility of the Nolans Project by setting its goals and targets to demonstrate how

it aligns with ESG expectations.

Over the coming year, Arafura will focus on a range of sustainability initiatives including:

Developing a clear decarbonisation pathway;

Investigating opportunities for water savings in processing across the life of the mine;

Maximising project participation opportunities for the indigenous people of central Australia and the broader Northern Territory economy; and

Establishing a Board Sustainability Committee to review and recommend to the Board the long term targets and aspirations and monitor progress toward these goals.

Arafura's Chairman Mark Southey stated:

For

"2022 is going to be a year of delivery for Arafura. With ESG at the forefront of what we do since the

beginning, we have great confidence in our strategy and our team to make a Final Investment

Decision in H2 2022. Getting these supporting strategies and cultural settings right now will make for

a better business in the long run."

The 2021 FY Sustainability Report can be found at www.arultd.com/commitments/sustainability.

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: +61 8 6370 2800 | W: www.arultd.com | E: arafura@arultd.com

29 November 2021 | ASX Announcement

ARAFURA LAUNCHES UPDATED SUSTAINABILITY REPORT

For personal use only

For further information contact:

Gavin Lockyer - Managing Director +61 8 6370 2800

Authorised by:

The Board of Directors

Arafura Resources Limited

Media inquiries:

Brent Fleeton - Clarity Communications +61 481 993 543

www.arultd.com

Page 2 of 2

For personal use only

REPORT

2021 FINANCIAL

For personal use only

REPORT INFORMATION

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 arafura@arultd.com or call us on +61 (08) 6370 2800.

Unless otherwise stated, the currency used throughout this report is Australian Dollars.

SUSTAINABILITY REPORT

CONTENT

02

08

13

MESSAGE FROM

SUSTAINBILITY

SOCIAL

THE CHAIRMAN

AT ARAFURA

RESPONSIBILITY

& MD

04

12

17

ARAFURA

GOVERNANCE

CARING FOR THE

OVERVIEW

AT ARAFURA

ENVIRONMENT

06

12

22

NOLANS

SUPPLY CHAIN

WORLD

PROJECT

ECONOMIC

FORUM |

STAKEHOLDER

CAPITALISM

INDEX

Sustainability Report FY21

1

only

MESSAGE

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.

Mark Southey

Gavin Lockyer

CHAIRMAN

MANAGING DIRECTOR

2

ARAFURA RESOURCES

Sustainability Report FY21

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

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.


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Sales 2021 - - -
Net income 2021 -6,48 M -4,56 M -4,56 M
Net cash 2021 10,6 M 7,45 M 7,45 M
P/E ratio 2021 -22,5x
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Managers and Directors
Gavin John Lockyer Chief Executive Officer, MD & Executive Director
Peter Sherrington Chief Financial Officer
Mark Southey Non-Executive Chairman
Christopher Stephen Tonkin Independent Non-Executive Director
Zhang Quangsheng Non-Executive Director