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Rainbow Rare Earths Ltd.

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Summary

Project:

Gakara

Deposit:Gakara
Location:Burundi
Commodities:Rare Earth
Date:6/27/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:27-6-2019: Rainbow Rare Earths Ltd. announces a Resource Estimation report for its Gakara deposit at the Gakara project. Technical Report on the Gakara REE Project. The MSA Group (Pty) Ltd (“MSA”) was commissioned by Rainbow Rare Earths Limited (“Rainbow”
Resources:Exploration Target Range: 16,500 - 64,000t TREO
CP/QP:[Overall Report]: F Reichhardt, J Witley, J Hudson (MSA Group Pty Ltd.)
ABSTRACT:The MSA Group (Pty) Ltd (“MSA”) was commissioned by Rainbow Rare Earths Limited (“Rainbow” or the “Company”) to compile a Competent Person’s Technical Report (the “Report” or “CPR”) in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code” or the “Code”), 2012 Edition. Rainbow is presently mining a Rare Earth Element (“REE”) deposit, the so-called Gakara REE Project (the “Project”), which is located in western Burundi and comprising of a Mining License (“ML”) (the “Property”). Rainbow was the holder of an Exploration Licence (“EL”) which expired in July 2018 and is no longer part of the Company’s Property. Rainbow is a Guernsey registered company and has a 90% interest in the ML (Figure 2-1)

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