Rainbow Rare Earths Limited Investor Presentation (0056P)
14 Octubre 2021 - 1:00AM
UK Regulatory
TIDMRBW
RNS Number : 0056P
Rainbow Rare Earths Limited
14 October 2021
Rainbow Rare Earths Limited
("Rainbow" or the "Company")
(LSE: RBW)
14 October 2021
London South East Investor Webinar
Rainbow Rare Earths announces that the Company's Chief Executive
Officer, George Bennett, will be presenting at the London South
East Investor Webinar on Tuesday, 19 October 2021 between 18:00 and
20:00 BST. George's presentation will be followed by a Q&A
session.
To register for the event, please use the following link:
https://us02web.zoom.us/webinar/register/8716341126902/WN_Xc5H-dV2Q3WdRaW5ycMdcg
For further information, please contact
Rainbow Rare Earths George Bennett +27 82 652 8526
Ltd Company Pete Gardner +44 (0) 771 779 4251
SP Angel Corporate Ewan Leggat
Finance LLP Broker Charlie Bouverat +44 (0) 20 3470 0470
--------- ------------------- --------------------------------------
Flagstaff Strategic Tim Thompson +44 (0) 207 129 1474
and Investor Communications Fergus Mellon rainbowrareearths@flagstaffcomms.com
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Notes to Editors:
Rainbow's strategy is to become a globally-significant producer
of rare earth metals. Nd/Pr 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 into deficit.
The Phalaborwa Rare Earths Project, located in South Africa,
comprises an Inferred Mineral Resource Estimate of 38.3Mt at 0.43%
total rare earths oxides ("TREO") contained within gypsum tailings
stacked in unconsolidated dumps derived from historic phosphate
hard rock mining. High value Nd/Pr oxide represent 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 contained in the stacks. The rare earths are contained in
chemical form in the gypsum dumps, which is expected to deliver a
higher-value rare earth carbonate, 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 concentrates in the world (typically 54% TREO)
through trial mining operations. The Gakara basket is weighted
heavily towards Nd/Pr, which account for over approximately 19.5%
of the contained TREO and 85% of the value of the concentrate.
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