Rainbow Rare Earths Limited Investor Presentation
18 Julio 2023 - 1:00AM
RNS Non-Regulatory
TIDMRBW
Rainbow Rare Earths Limited
18 July 2023
18 July 2023
Rainbow Rare Earths Limited
("Rainbow" or "the Company")
LSE: RBW
Notice of Investor Presentation
Rainbow Rare Earths is pleased to announce that CEO, George
Bennett, will give a presentation and hold a live question and
answer session via the Investor Meet Company platform on 20 July
2023 at 10:00am BST.
Questions can be submitted pre-event via your Investor Meet
Company dashboard up until 9am the day before the meeting or at any
time during the live presentation.
Investors can sign up to Investor Meet Company for free and add
to meet RAINBOW RARE EARTHS LIMITED via:
https://www.investormeetcompany.com/rainbow-rare-earths-limited/register-investor
Investors who already follow RAINBOW RARE EARTHS LIMITED on the
Investor Meet Company platform will automatically be invited.
**ENDS**
For further information, please contact:
Rainbow Rare Earths Company George Bennett +27 82 652 8526
Ltd Pete Gardner
Cathy Malins +44 7876 796 629
cathym@rainbowrareearths.com
Matthew Armitt
Berenberg Broker Jennifer Lee +44 (0) 20 3207 7800
Tavistock Communications PR/IR Charles Vivian +44 (0) 20 7920 3150
Tara Vivian-Neal rainbowrareearths@tavistock.co.uk
Notes to Editors:
Rainbow Rare Earths aims to be a forerunner in the establishment
of an independent and ethical supply chain of the rare earth
elements that are driving the green energy transition. It is doing
this successfully via the identification and development of
secondary rare earth deposits that can be brought into production
quicker and at a lower cost than traditional hard rock mining
projects, with a focus on the magnet rare earth elements neodymium
and praseodymium ("NdPr"), dysprosium and terbium.
The Phalaborwa Rare Earths Project, located in South Africa,
comprises a total Mineral Resource Estimate of 30.4 Mt at 0.44%
TREO contained within unconsolidated gypsum stacks derived from
historic phosphate hard rock mining. High value NdPr oxide
represents 29.0% 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. Rainbow will use a
proprietary separation technique developed by its partner
K-Technologies, Inc. for the plant at Phalaborwa, which simplifies
the process of producing separated rare earth oxides (versus
traditional solvent extraction), leading to cost benefits, as well
as being more environmentally friendly.
The Phalaborwa Preliminary Economic Assessment has confirmed
strong base line economics for the project, which has a base case
NPV (10) of US$627 million ([1]) , an average EBITDA operating
margin of 75% and a payback period of < two years. Pilot plant
operations will commence in 2023, with the project expected to
reach commercial production in 2026, just five years after work
began on the project by Rainbow. More information on the company is
available at www.rainbowrareearths.com .
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END
NRARPMATMTIBMFJ
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July 18, 2023 02:00 ET (06:00 GMT)
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