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Peak Resources Ltd.
Summary
| Project: | Ngualla | |
|---|---|---|
| Deposit: | Ngualla | |
| Location: | Tanzania | |
| Commodities: | Rare Earth | |
| Date: | 10/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Optimisation Study | |
| Project Stage: | Mine Development | |
| Report details: | 12-10-2017: Peak Resources Ltd. announces a Optimisation Study report for its Ngualla deposit at the Ngualla project. Post-tax NPV (8%) of $612M, IRR of 22%. Peak Resources Limited (ASX: PEK) (“Peak” or the “Company”) is pleased to provide a project updat | |
| Resources: | (Reserve, P+P): 18.5Mt @ 4.80% REO at Ngualla | |
| CP/QP: | [Overall Report]: Lucas Stanfield (Internal) | |
| ABSTRACT: | Peak Resources Limited (ASX: PEK) (“Peak” or the “Company”) is pleased to provide a project update for the Ngualla Rare Earth Project. The results and assumptions in the Project Update report attached build on the Bankable Feasibility Study (BFS) completed in April this year by including the improvements gained from the Collector Screening Testwork (ASX Announcement dated 28th August 2017 and titled “Process optimisation study boosts Ngualla’s operating margin”). The update also includes the latest rare earth pricing trends (Figure 1), which have seen a 99% increase in NdPr prices in 10 months since November 2016. Chief Executive Officer, Rocky Smith said: “This project update is further evidence that Ngualla is the best undeveloped rare earth deposit in the world and with the increase in demand for NdPr driving prices even higher we expect to see further improvements in the future.” | |
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