Arafura Rare Earths
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Arafura Rare Earths (ARU) investor relations material

Arafura Rare Earths H2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2026 earnings summary4 Sep, 2026

Executive summary

  • Transitioned from development to construction phase for the Nolans ore-to-oxide rare earth project, with construction commencing in September as scheduled.

  • Secured significant government and financial support, including offtakes and equity from multiple countries and strategic funds.

  • Management and board strengthened with experienced leaders to support project execution and operations.

Financial highlights

  • Raised over AUD 930 million in equity through private placements and shareholder purchase plans during the year.

  • Pro forma cash position exceeds AUD 900 million after recent settlements.

  • Additional AUD 230 million in binding subscription agreements with German Raw Materials Fund and Export Finance Australia.

  • Fully funded for construction, with no current plans for further capital raising.

Outlook and guidance

  • 37-month construction schedule with practical completion targeted for late 2029, followed by a two-year ramp-up to nameplate production by early 2032.

  • Focus on delivering construction milestones and maintaining schedule through robust project execution planning.

  • Ongoing optimization efforts targeting capital cost reductions of more than 5%.

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AGM 202622 Oct, 2026
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