ARAFF - Arafura Rare Earths Limited (ARAFF) Q4 2023 Earnings Call Transcript

2024-01-24 22:12:05 ET

Arafura Rare Earths Limited (ARAFF)

Q4 2023 Earnings Conference Call

January 24, 2024 09:00 PM ET

Company Participants

Mark Southey - Chairman

Gavin Lockyer - Managing Director

Darryl Cuzzubbo - Non-Executive Director

Peter Sherrington - Chief Financial Officer

Conference Call Participants

Presentation

Unidentified Company Representative

I'll just kick off with some administrative details about our call this morning. Welcome to Arafura Rare Earths Quarterly Investor Briefing for the Quarter Ending 31st December 2023. All attendees this morning on the call will have an opportunity to ask questions when we get to that portion of the call. [Operator Instructions] We'll have a 45-minute call duration this morning adjusted to allow for a slightly late start time due to some technical issues.

I'll hand over to Mark now.

Mark Southey

Okay. Thanks Sami. Thank you to the shareholders for the opportunity to take you through -- update you as our quarterly has just come out. Today, we've got myself, Mark Southey as Chairman here; Gavin Lockyer as the Managing Director; we've got Darryl Cuzzubbo joining us also a Non-Executive Director in Arafura here; and of course, Peter Sherrington, our CFO.

Gavin probably been in hand pretty much straight over to you for -- just to talk on to the update.

Gavin Lockyer

Yes, sure. Thanks Mark and thanks, everybody, for your interest in attending today. I guess the quarter really saw us winding down a lot of activity or closing out those activities at site, which were being undertaken in order to make the site ready ahead of construction. And so those activities were closed out during the quarter, which means that we now have water, we have access roads, and we have half a fly camp built ready to go for when the financing is in place and the construction is ready to get into full swing.

So, that workflow was always scheduled to finish in this quarter, and that's now completed. And obviously, the cash spend associated with that will be significantly reduced over the next quarter....

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