This document discusses Arafura Resources and its Nolans Rare Earths Project in Australia. It provides an overview of Arafura Resources, summarizes the Nolans Project's resource and processing plans, outlines achievements and challenges over the past year, and discusses next steps to advance the project including further piloting, engineering work, and completing a final feasibility study. The presentation frames the Nolans Project as a compelling long-term value proposition despite current short-term funding challenges for resource projects.

1. Australia China Resources Symposium
Chris Tonkin
Chief Executive Officer
11 July 2012

2. Disclaimer
Important Notice
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 Limited
(“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 securities in Arafura Resources, nor an invitation to apply for such securities. 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.
The information in this presentation that relates to exploration results, mineral resources or ore reserves is based on information compiled by
Mr Richard Brescianini BSc(Hons). Mr Brescianini is a Member of the Australian Institute of Geoscientists and he has sufficient experience which is
relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent
Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves
(The JORC Code)”. Mr Brescianini consents to the inclusion in this presentation of the matters based on his information in the form and context in
which it appears.
Mr Brescianini is a full-time employee of Arafura Resources.
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3. Contents
Introduction to Arafura
The Nolans Project
Recent History 2011-12
Nolans Project – Resource and Processing
2012 Work Program and Next Steps
Summary
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4. Introduction to Arafura
Corporate Summary As at 26 June 2012
• Australian Public Company – Capital
396 million shares
formed in 1997 11.5 million Board/Employee options
• Listed on ASX in 2003 (code ARU) Market capitalisation
@ A$0.22 = ~A$87 million
• Nolans Flagship Project for Rare
Earths Top shareholders
JP Morgan Nominees1 24.13%
• Extensive land holdings for ECE2
Debt - zero
16.97%
exploration in the NT Cash A$21.8 million (31 May 2012)
• Technology developed in
Australia 1.
2.
Substantial German-based shareholding amongst many shareholders
East China Mineral Exploration & Development Bureau
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5. Nolans Project – Resource
Nolans Bore Resource is world scale and strategically significant
• Minimal resource risk;
• Over 94km of drilling completed at an average spacing of 40m;
• Resource recently expanded by 52%;
• Resource remains open at depths below 220m;
• Amenable to low cost open cut mining and milling;
• Standard beneficiation techniques;
• Expected mine life in excess of 20 years.
RARE
TONNES TONNES PHOSPHATE URANIUM
RESOURCES (million)
EARTHS
REO P2O5 % U3O8 lb/t
REO %
Measured 4.3 3.3 144,000 13 0.57
Indicated 21 2.6 563,000 12 0.42
Inferred 22 2.4 511,000 10 0.37
TOTAL 47 2.6 1,217,000 11 0.41
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6. Nolans Project – Processing
Business Model - Adding Value in Australia
Ore
Mineral
Concentrate
Rare Earth
Intermediates
(Carbonate)
20,000 tpa
Rare Earth
Oxides
Metals/Alloys
Components
OEMs
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7. Processing through to final products
The flowsheet has been proven at multiple scales …….
Water Leach Piloting 2009 Sulphation Baking 2009 Gypsum from HCl Regeneration Demonstration
ANSTO Sydney ANSAC Bunbury Plant 2011 ALS-Ammtec Perth
Pre leach Demonstration Plant 2011 Sulphation Demonstration Plant 2012 REO product samples from Nolans Bore
ALS-Ammtec Perth ANSTO Sydney 2012 - ANSTO Sydney Page 7

8. Arafura Resources – Recent History 2011-12
ACHIEVEMENTS
• Site acquired for Rare Earths Complex in Whyalla;
• Nolans Bore Mineral Resource recently increased by 52%;
• Flowsheet proven at various scales from mine site to separated Rare Earth
Oxides;
• Management team focused on finalising key technical and planning work
streams;
• Nolans Bore Rare Earth Oxides produced to customer quality specifications at
99% purity;
• Alliances formed with strategic off-take partners in Europe and Korea.
CHALLENGES
• Global capital markets are depressed and it is difficult to raise capital;
• Work programs have been deferred due to funding constraints and overheads
reduced to conserve cash;
• Capital Expenditure for the Nolans Project has increased.
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9. 2012 Work Program
CURRENT BASE CASE WORK
• Draft Feasibility Study/Project Status Update;
• Independent engineering review of the project;
• Lanthanum Oxide production for customer assessment;
• Sulphation Demonstration plant operation at ANSTO;
• Securing strategic partners and offtake contracts;
• Raising Capital to complete final feasibility study.
PROCESS IMPROVEMENT STUDIES
• Reduction in acid consumption required for pre-leach;
• Simplifying hydrochloric acid regeneration process;
• Potential lower cost reagents for Rare Earth recoveries;
• Reducing residence times and potentially plant size for pre-leach and Rare Earth
recoveries;
• Improving energy consumption by reducing sulphation acid bake temperatures
and duration;
• Improving Rare Earth carbonate purity potentially leading to a reduction in
solvent extraction plant size and reagent consumption.
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10. Next Steps – 2012/13
TECHNOLOGY
• Integrated Pilot Plant
• Further Piloting of Rare Earth Separation Processes
ENGINEERING
• Mine Planning – Final
• Mine and Concentrator Engineering
• Transport and Logistics
• Rare Earth Complex Engineering
OTHER
• Environmental Impact Study Submissions
• Project Funding
• Strategic Partners
FINAL FEASIBILITY STUDY
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11. Summary
Arafura and the Nolans Project : A Compelling Value
Proposition, Despite Short-term Funding Challenges
• The Company has a well thought out plan to progress the Nolans
feasibility study through to execution;
• Nolans is a well advanced Australian-based project likely to be one of
very few new supply sources this decade;
- World-scale resource with long life and expansion opportunities at depth
- Minimal resource risk
- Flexible plant design, allowing scope for organic growth
- Separated Rare Earth Oxides to 99% purity produced from Nolans Bore
resource; product specifications have been validated by potential customers
• LOIs with two multinationals for offtake and to provide assistance with
Project development; and
• Significant government and community support.
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12. Thank you
Chris Tonkin - Chief Executive Officer
11 July 2012