RCS - Rainbow Rare Earths - Notice of Investor Presentation

Rainbow Rare EarthsAnnouncement

07/07/2022 13:00

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RNS Number : 7071R  Rainbow Rare Earths Limited  07 July 2022

 

7 July 2022

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
provide a presentation to discuss the Company and the successful development
of the extraction flow sheet at its Phalaborwa rare earths project in South
Africa (announced on 28 June) with investors. The live presentation will be
held via the Investor Meet Company platform on 12 July 2022 at 11:00am BST.

The presentation is open to all existing and potential shareholders. 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
 SP Angel Corporate Finance LLP  Broker   Ewan Leggat        +44 (0) 20 3470 0470

                                          Charlie Bouverat
 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's strategy is to become a globally significant producer of rare earth
metals. NdPr and Dy 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 NdPr and Dy into deficit.

 

The Phalaborwa Rare Earths Project, located in South Africa, comprises an
Inferred Mineral Resource Estimate of 38.3Mt at 0.43% TREO contained within
gypsum tailings stacked in unconsolidated stacks derived from historic
phosphate hard rock mining and processing. High value NdPr oxide represents
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 in
the stacks.  The rare earths are contained in chemical form in the gypsum
stacks, which is expected to allow high-value separated rare earth oxides to
be produced 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
rare earth concentrates in the world (typically 54% TREO) through trial mining
operations. The Gakara basket is weighted heavily towards NdPr, which account
for approximately 19.5% of the contained TREO and 85% of the value of the
concentrate. The Gakara project is currently on care and maintenance at the
request of the Government of Burundi.

 

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