Will Kendall has a line that lands with the quiet force of something everyone in the room already knew but hadn’t quite said out loud: "Base case is cost overruns of over 20 per cent," Will says, "That’s your base case.
Arafura Rare Earths Managing Director and CEO Darryl Cuzzubbo told the WA Mining Club that Nolans is moving from critical minerals rhetoric to construction reality, but the real test will be processing, ramp-up, suppliers and whether Australia can help build a serious rare earths supply chain outside China.