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Arafura Rare Earths Limited engages in the exploration and development of mineral properties in Australia. The company focuses on the production of rare earth products, such as neodymium-praseodymium and mixed middle-heavy rare earths oxides. Its projects include the Nolans project, a rare earths-phosphate-uranium-thorium deposit located in Nolans site, north of Alice Springs in Australia's Northern Territory. The company was formerly known as Arafura Resources Limited and changed its name to Arafura Rare Earths Limited in October 2022. Arafura Rare Earths Limited was incorporated in 1997 and is headquartered in Perth, Australia.
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Arafura Rare Earths Ltd is an Australian developer advancing the Nolans rare earths project to produce rare earth carbonate and related materials used in permanent magnets and industrial applications. Long-term growth drivers include rising demand for NdPr-containing magnets from electrification and renewables and global efforts to diversify critical-minerals supply chains, which may benefit an Australian producer and appears positioned to supply these markets.
Principal investment risks include large capital and execution risk for a single, capital-intensive project, financing and timing uncertainty, sensitivity to rare-earth price swings, and regulatory, environmental or geopolitical hurdles that could affect permitting and offtake.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Income before tax | -41.14M | -19.24M | -0.10M | -96.41M | -35.57M |
| Net income | -41.09M | -19.24M | -0.10M | -96.38M | -35.56M |
| Selling general administrative | - | 6.55M | 5.88M | 4.14M | 3.23M |
| Selling and marketing expenses | - | - | - | 94.93M | 32.17M |
| Gross profit | -0.48M | -18.27M | -0.08M | -0.58M | -0.32M |
| Reconciled depreciation | - | 0.68M | 8.41M | 0.58M | 0.32M |
| Ebit | -57.25M | -20.39M | -100.92M | -96.38M | -35.55M |
| Ebitda | -56.77M | -19.74M | -92.51M | -95.80M | -35.23M |
| Depreciation and amortization | 0.48M | 0.65M | 8.41M | 0.58M | 0.32M |
| Operating income | -57.25M | -24.83M | -0.08M | -99.65M | -35.72M |
| Other operating expenses | 57.25M | 24.83M | 0.08M | 99.65M | 35.72M |
| Interest expense | 0.07M | 0.11M | 0.11M | 0.03M | 0.02M |
| Tax provision | - | 0.00M | 0.00M | 0.00M | 0.00M |
| Interest income | - | 1.25M | 5.33M | 0.05M | 0.13M |
| Net interest income | - | 1.14M | 5.23M | 3.16M | 0.11M |
| Income tax expense | -0.06M | - | -0.05M | -0.03M | -0.01M |
| Total revenue | - | 14.01M | 5.31M | 3.20M | 0.13M |
| Total operating expenses | 56.77M | 6.55M | 0.01M | 99.07M | 35.40M |
| Cost of revenue | 0.48M | 18.27M | 0.08M | 0.58M | 0.32M |
| Total other income expense net | 16.10M | 5.58M | -0.02M | 3.23M | 0.14M |
| Net income from continuing ops | - | -19.24M | -100.97M | -96.38M | -35.56M |
| Net income applicable to common shares | - | -19.24M | -100.97M | -96.38M | -35.56M |
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Total assets | 867.67M | 155.85M | 170.09M | 259.53M | 143.32M |
| Other current assets | - | - | - | - | 0.14M |
| Total liab | 21.96M | 6.59M | 25.98M | 44.63M | 10.95M |
| Total stockholder equity | 845.71M | 149.26M | 144.11M | 214.90M | 132.37M |
| Other current liab | 11.97M | - | 8.62M | 21.01M | 0.00M |
| Common stock | 1249.01M | - | 496.13M | 466.20M | 287.73M |
| Capital stock | - | 519.48M | 496.13M | 466.20M | 287.73M |
| Retained earnings | -426.18M | -385.09M | -365.85M | -264.88M | -168.50M |
| Other liab | - | - | - | 3.70M | 0.01M |
| Other assets | - | - | - | 2.46M | 0.59M |
| Cash | 223.24M | 27.18M | 42.17M | 128.85M | 24.68M |
| Cash and equivalents | - | - | - | 109.26M | 19.06M |
| Total current liabilities | 16.69M | 3.30M | 22.65M | 40.26M | 10.74M |
| Current deferred revenue | - | - | 12.29M | 5.99M | 7.39M |
| Net debt | -221.91M | - | -41.42M | -127.21M | -24.21M |
| Short term debt | 0.23M | - | 0.50M | 0.97M | 0.26M |
| Short long term debt total | 1.33M | - | 0.75M | 1.64M | 0.47M |
| Other stockholder equity | - | - | - | -0.20M | -0.12M |
| Property plant equipment | - | - | - | 127.43M | 117.31M |
| Total current assets | 728.95M | 27.65M | 42.74M | 129.64M | 25.43M |
| Net tangible assets | - | - | - | 214.90M | 132.37M |
| Short term investments | 500.00M | - | - | - | - |
| Net receivables | 5.71M | 0.47M | 0.57M | 0.79M | 0.60M |
| Accounts payable | 4.49M | 0.54M | 1.25M | 12.30M | 3.08M |
| Accumulated other comprehensive income | 22.88M | - | 13.83M | 13.57M | 13.14M |
| Non currrent assets other | 128.97M | 3.19M | 125.82M | 2.46M | 0.59M |
| Non current assets total | 138.72M | 128.21M | 127.35M | 129.89M | 117.89M |
| Capital lease obligations | - | 0.24M | 0.75M | 1.64M | 0.47M |
| Long term debt total | - | - | - | 0.67M | 0.21M |
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Investments | - | -2.74M | -3.82M | -4.05M | -0.02M |
| Change to liabilities | - | - | - | 22.64M | 8.28M |
| Total cashflows from investing activities | -509.66M | -2.74M | -3.82M | -4.05M | -3.91M |
| Net borrowings | - | - | - | -0.91M | -0.24M |
| Total cash from financing activities | 725.26M | 22.68M | 26.35M | 177.56M | 44.96M |
| Change to operating activities | - | - | - | 2.81M | 0.02M |
| Net income | -41.09M | -19.24M | -100.97M | -0.10M | -0.04M |
| Change in cash | 196.06M | -14.99M | -86.68M | 104.17M | 13.89M |
| Begin period cash flow | 27.18M | 42.17M | 128.85M | 24.68M | 10.79M |
| End period cash flow | 223.24M | 27.18M | 42.17M | 128.85M | 24.68M |
| Total cash from operating activities | -15.05M | -34.92M | -109.04M | -0.07M | -0.03M |
| Issuance of capital stock | - | 24.64M | 31.51M | 185.17M | 47.19M |
| Depreciation | 0.48M | - | 8.41M | 0.00M | 0.00M |
| Other cashflows from investing activities | -0.08M | -1.97M | -0.96M | -1.76M | 0.37M |
| Change to account receivables | -0.76M | 0.09M | -0.66M | 0.00M | -0.00M |
| Sale purchase of stock | - | -1.44M | -1.58M | -6.69M | -1.99M |
| Other cashflows from financing activities | -0.27M | -1.44M | -3.58M | -0.91M | -0.24M |
| Change to netincome | - | - | - | 0.38M | 0.40M |
| Capital expenditures | 7.45M | 3.01M | 3.02M | 2.29M | 4.30M |
| Change in working capital | 12.42M | -18.69M | -16.77M | 0.00M | -0.00M |
| Stock based compensation | - | - | 0.26M | 0.00M | 0.00M |
| Other non cash items | 13.13M | -16.23M | 0.29M | 0.03M | 0.01M |
| Free cash flow | -22.50M | -37.93M | -112.06M | -2.36M | -4.32M |
Sector: Basic Materials Industry: Other Industrial Metals & Mining
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ARU Arafura Rare EARTHS Ltd |
-0.01 6.45% |
0.14 | - | 39.06 | 55.76 | 1.04 | 62.23 | -18.47 |
| BHP BHP Group Ltd |
-1.38 2.34% |
57.62 | 20.70 | 15.82 | 5.10 | 4.00 | 3.51 | 6.71 |
| RIO Rio Tinto Ltd |
-3.11 2.03% |
149.93 | 14.04 | 12.02 | 4.03 | 2.49 | 2.85 | 6.74 |
| GLC Glencore Plc |
-0.52 5.20% |
9.48 | 15.15 | 11.30 | 0.38 | 1.95 | 0.40 | 7.60 |
| FMG Fortescue Ltd |
-0.31 2.00% |
15.18 | 11.31 | 13.61 | 2.81 | 1.51 | 1.87 | 4.32 |
Arafura Rare Earths Limited engages in the exploration and development of mineral properties in Australia. The company focuses on the production of rare earth products, such as neodymium-praseodymium and mixed middle-heavy rare earths oxides. Its projects include the Nolans project, a rare earths-phosphate-uranium-thorium deposit located in Nolans site, north of Alice Springs in Australia's Northern Territory. The company was formerly known as Arafura Resources Limited and changed its name to Arafura Rare Earths Limited in October 2022. Arafura Rare Earths Limited was incorporated in 1997 and is headquartered in Perth, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. Gavin John Lockyer BBus, CA | CEO, MD & Director | 1968 |
| Mr. Peter Sherrington B.Bus, CA | Chief Financial Officer | NA |
| Mr. Lloyd Kaiser | Gen. Mang. Sales & Marketing | NA |
| Ms. Catherine Huynh A.C.I.S., ACIS, B.Com, B.Com., BEC, C.A., CA | Company Sec. (Leave of Absence) | NA |
| Mr. Lewis Lowe | Joint Company Sec. & Financial Controller | NA |
| Mr. Matthew Foy A.C.I.S., ACIS, AGIA, BCom, FCIS, GradDipACG, SAFi | Joint Company Sec. | NA |
| Mr. Frank Richards | Senior Manager of Sales & Marketing | NA |
| Ms. Catherine Huynh A.C.I.S., ACIS, B.Com, B.Com., BEC, C.A., CA | Company Secretary | NA |
| Mr. Lewis Lowe | Financial Controller | NA |
| Mr. Frank Richards | Senior Manager of Sales & Marketing | NA |
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