ASX RELEASE

24 March 2017

ASX: ARU

SHARE PURCHASE PLAN UPDATE‐ POSITIVE TAKE UP Arafura Resources Limited (ASX: ARU, "Arafura" or the "Company") is pleased to advise the Share Purchase Plan ("SPP"), as announced on 20 February 2017, has been strongly supported by shareholders.

The Company can confirm it has received applications in excess of $2.1m, a take up of more than 80% of the $2.5m SPP target amount.

Eligible Shareholders are reminded the SPP closes at 5.00pm (AEDT) Friday 31 March 2017, as per the SPP timetable shown below. The timetable is indicative only and the Directors reserve the right to vary the SPP closing date at any time and strongly encourage shareholders to submit their applications prior to the closing date.

For further information regarding the SPP, please contact the Company's share registry, Link Market Services Ltd on (+61) 1300 554 474 (toll free within Australia), 8:30am to 5:00pm (AEDT) Monday to Friday.

Event

Date

SPP Record Date

17 February 2017

SPP Opened

27 February 2017

SPP Closes

31 March 2017

SPP 5 day VWAMP Calculation Period

31 March 2017 to 6 April 2017

Allotment of SPP shares

7 April 2017

SPP shares commence trading on ASX

11 April 2017

AN EMERGING RARE EARTHS PRODUCER FOR USERS WORLDWIDE

(This timetable is indicative only and may be changed subject to the Corporations Act 2001 (Cth) and the ASX Listing Rules)

− 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 24 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 March 2017 01:09:17 UTC.

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