Rainbow Rare Earths Limited Rainbow Launches New Corporate Website
30 Marzo 2022 - 12:00AM
RNS Non-Regulatory
TIDMRBW
Rainbow Rare Earths Limited
30 March 2022
30 March 2022
Rainbow Rare Earths Limited
("Rainbow" or "the Company")
LSE: RBW
Rainbow Launches New Corporate Website
Rainbow Rare Earths is pleased to announce the launch of the
Company's new website at: www.rainbowrareearths.com/, reflecting
Rainbow's drive to communicate effectively with stakeholders and
its recent rebranding.
The content on the website is consistent with the Company's
previous disclosures and does not include any new material
information.
You can find us at our website , on Twitter , and LinkedIn
**ENDS**
For further information, please contact:
Rainbow Rare Earths George Bennett
Ltd Company Pete Gardner +27 82 652 8526
SP Angel Corporate Ewan Leggat
Finance LLP Broker Charlie Bouverat +44 (0) 20 3470 0470
Tavistock Communications PR/IR Charles Vivian +44 (0) 20 7920 3150
Tara Vivian-Neal rainbowrareearths@tavistock.co.uk
Notes to Editors:
Rainbow's strategy is to become a globally significant producer
of rare earth metals. Nd/Pr and Dy are vital components of the
strongest permanent magnets used for the motors and turbines
driving the green technology revolution. Analysts are predicting
demand for magnet rare earth oxides will grow substantially over
the coming years, driven by increasing adoption of green
technology, pushing the overall market for Nd/Pr and Dy into
deficit.
The Phalaborwa Rare Earths Project, located in South Africa,
comprises an Inferred Mineral Resource Estimate of 38.3Mt at 0.43%
TREO contained within gypsum tailings stacked in unconsolidated
stacks derived from historic phosphate hard rock mining. High value
NdPr oxide represents 29.1% of the total contained rare earth
oxides, with economic Dysprosium and Terbium oxide credits
enhancing the overall value of the rare earth basket in the stacks.
The rare earths are contained in chemical form in the gypsum
stacks, which is expected to allow high-value separated rare earth
oxides to be produced with lower operating costs than a typical
rare earth mineral project.
The Company's Gakara Project in Burundi has produced one of the
highest-grade rare earth concentrates in the world (typically 54%
total rare earths oxides ("TREO")) through trial mining operations.
The Gakara basket is weighted heavily towards Nd/Pr, which account
for approximately 19.5% of the contained TREO and 85% of the value
of the concentrate. The Gakara project is currently on care and
maintenance at the request of the Government of Burundi.
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END
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(END) Dow Jones Newswires
March 30, 2022 02:00 ET (06:00 GMT)
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