Arafura Resources (ASX:ARU)

Arafura Resources (ASX:ARU)

 Arafura Resources Ltd (ASX:ARU) is an Australian company with a world class Neodymium-Praseodymium resource in the Northern Territory of Australia.

The rare earths Neodymium (Nd) and Praseodymium (Pr) are common in the earth’s crust but are hard to find in economic quantities and even more complex to extract. One of the world’s largest and richest NdPr deposits is the cornerstone of Arafura’s Nolans Project in the Northern Territory.

The Nolans Project covers a proposed NdPr mine and processing operation 90 minutes’ north of Alice Springs. Nolans could supply up to 10 per cent of the world’s demand for NdPr when in full production.

Board and Management


Gavin Lockyer
Managing Director

Gavin Lockyer graduated with a Bachelor of Business in Accounting and Finance in Western Australia in 1987 and has subsequently become a member of both the Institute of Chartered Accountants and the Finance & Treasury Association of Australia.

He joined Arafura in 2006 as Chief Financial Officer and Company Secretary, after having served as Financial Controller with the Tethyan Copper Company Limited. Gavin previously held several senior finance and treasury positions in global mining companies Newcrest and Newmont, following a successful international investment banking career with Bankwest and ANZ in Australia, and Bankers Trust and Deutsche Bank in London.

His diverse, global experience has provided management and leadership opportunities in a range of disciplines including: accounting, financial and investment banking, major resource development and operations, and global bank treasuries. Over the past 20 years his career has exposed him to business practices in North America, Europe, and Australasia.

Mark Southey
Non-Executive Chairman

Mark Southey holds BSc (Hons) in Engineering with Business Studies from the University of Portsmouth, has an MBA from the University of Sydney Business School, and is a Member of the Australian Institute of Company Directors.

He has extensive global experience in the industrial and natural resources sectors covering all aspects of asset management, maintenance, design and engineering, and major capital project development and execution. He is well versed in public company board and institutional investor engagement, and has a background in both senior operational and financial roles.

Mark has previously held senior executive positions with Honeywell and ABB both in Australia and internationally. More recently he was part of the global executive leadership team within WorleyParsons, a leader in the engineering, procurement and construction of projects in the energy and resources sector where he held the position of Group Managing Director for the Minerals, Metals and Chemicals Sector.

Chris Tonkin
Non-Executive Director

Chris Tonkin has more than 35 years’ experience as a senior business executive, with a broad industry background in business generation, management, and strategy development. He began his career as a metallurgist and environmental specialist, diversifying into commercial roles at several major industrial companies and subsequently project finance, corporate and project advisory roles at AIDC, The Chase Manhattan Bank, KPMG Corporate Finance and ANZ, where he was Head of Natural Resources Project Finance for many years, leading a very successful team of project financiers.

In early 2012, Chris was appointed Chief Executive Officer and Managing Director of Arafura Resources Limited, and assisted the company through a difficult period before stepping down to concentrate on his project advisory activities as Executive Director of Capital Advisory Services Pty Ltd and Managing Director of Catalyst Capital Solutions Pty Ltd.

He is a graduate of the Australian Institute of Company Directors and a Member of the Finance and Treasury Association. He is also member of Arafura’s Remuneration and Nomination and Audit and Risk Committees and is also Chairman of Lakes Oil NL.

Quansheng Zhang
Non-Executive Director

Quangsheng Zhang holds a Doctoral degree in Engineering and a Masters degree in Geophysical Prospecting.

He is based in Nanjing in the People’s Republic of China and is the General Manager of Hong Kong East China Non-Ferrous Mineral Resources Co Ltd (HKECE). Quangsheng has more than 30 years of mineral prospecting and exploration experience, and expertise in mineral resource surveys and geophysics.

Arafura Resources (ASX:ARU)