RCS - Rainbow Rare Earths - Investor Presentation

Rainbow Rare EarthsAnnouncement

18/07/2023 07:00

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RNS Number : 3516G  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
(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 Ltd   Company  George Bennett     +27 82 652 8526

                                    Pete Gardner

                                    Cathy Malins       +44 7876 796 629

                                                       cathym@rainbowrareearths.com

 Berenberg                 Broker   Matthew Armitt     +44 (0) 20 3207 7800

                                    Jennifer Lee

 Tavistock Communications  PR/IR    Charles Vivian     +44 (0) 20 7920 3150

                                    Tara Vivian-Neal   rainbowrareearths@tavistock.co.uk (mailto: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 (http://www.rainbowrareearths.com/) .

 

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