Ann: Trading Halt, page-16

Steady progress.  Painfully slow, but steady.

Here's a tidbit from the 2012 annual report (P8).  Five years later we're still not there...

As mentioned earlier, Arafura intends early in 2013 to commence preliminary discussions on funding options for development of the Nolan Project. The Company will assess options with target customers, including ThyssenKrupp and the Korean multinational organisation, and with potential providers of both equity and debt for the Project. In addition, Arafura will actively seek strategic alliances and/or joint venture involvement from interested parties that can add value to the Nolan’s Project. The Company will escalate its fund raising activities throughout 2013 and, pending a positive investment decision from the Board around the middle of 2013, is targeting an agreed funding arrangement for the Project by the end of that year.