Arafura Rare Earths Limited is an Australian Mining company headquartered in Perth, Western Australia and was listed on the Australian Stock Exchange in 2003. The company's flagship project is the Nolans Rare Earths Project, located in Australia's Northern Territory, 135km north of Alice Springs. The project is one of the world’s largest undeveloped Neodymium and Praesodymium resources. With an initial mine life of 38 years and a valuable phosphoric acid by-product, Nolans will be a long life, low cost operation producing NdPr oxide - a critical component of rapidly growing global demand for electric vehicles and renewable energy technology. Wikipedia