ASX RELEASE

30 March 2017

ASX: ARU

AN EMERGING RARE EARTHS PRODUCER FOR USERS WORLDWIDE

SUCCESSFUL SHARE PURCHASE PLAN CLOSED

SPP Strongly supported by shareholders with applications in excess of

$2.5m received

Funds to be utilsed in the continuation of pilot plant programs for the Nolans project

Arafura Resources Limited (ASX: ARU, "Arafura" or the "Company") is pleased to announce that at the discretion of the Board, the Share Purchase Plan ("SPP") dated 20 February 2017, has now been closed.

The Company would like to thank the shareholders who participated in the SPP which has raised in excess of $2.5m. The funds raised from the SPP will be utilised in the operation of the Company's pilot plant for the Nolans Project and when combined with existing cash reserves places the Company in an excellent position to advance the Nolans project work streams.

It is anticipated that the Allotment of the Shares under the SPP will occur on Thursday 6 April 2017 and the SPP shares will commence trading on the ASX on Monday 10 April 2017.

Event

Date

SPP Closed

30 March 2017

SPP 5 day VWAMP Calculation Period

30 March 2017 to 5 April 2017

Allotment of SPP shares and announcement of SPP issue price.

6 April 2017

SPP shares commence trading on ASX

10 April 2017

As outlined in the SPP offer, the issue price of the new Shares will be the lesser of $0.077 or 80% of the volume weighted average market price ("VWAMP") of the Shares calculated over the last five trading days before the allotment date. The final day of the SPP 5 day VWAMP calculation period is anticipated to be Wednesday 5 April 2017, the Company will announce the SPP issue price the following day. The indicative timetable for the completion of the SPP is shown in the table below.

− ENDS ‐

For further information, contact: Investor enquiries: Media enquiries:

Gavin Lockyer Luke Forrestal

Managing Director Media and Capital Partners

T: +61 8 6210 7666 M: +61 411 479 144

ARAFURA RESOURCES LIMITED

arafura@arultd.com www.arultd.com ABN 22 080 933 455

PERTH: Level 3/263 Adelaide Tce, Perth WA 6000 | PO Box 5773, St Georges Terrace, Perth WA 6831 T: +618 6210 7666

DARWIN: 18 Menmuir St, Winnellie NT 0820 | PO Box 37220, Winnellie NT 0821 T: +618 8947 5588 F: +618 8947 5599

Arafura Resources Ltd. published this content on 30 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 March 2017 23:14:22 UTC.

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