REG - Rainbow Rare Earths - London South East Investor Webinar
RNS Number : 3834MRainbow Rare Earths Limited21 January 2021Rainbow Rare Earths Limited
("Rainbow" or the "Company")
(LSE: RBW)
21 January 2021
London South East Investor Webinar
Rainbow Rare Earths (LSE :RBW) the high grade rare earth producer is pleased to announce that it will be participating in the London South East Investor Webinar ('Webinar') in which George Bennett, Chief Executive Officer, will be delivering a presentation and answering questions about the Company.
The Conference is to be held at 6pm on Tuesday 26th January 2021 and investors wishing to view this may register through the following link:
https://us02web.zoom.us/webinar/register/1216055554885/WN_uFoA9_rhTmGqWa2tOlvEiA
**ENDS**
For further information, please contact
Rainbow Rare Earths Ltd
Company
George Bennett
Pete Gardner
+27 82 652 8526
SP Angel Corporate Finance LLP
Broker
Ewan Leggat
Charlie Bouverat
+44 (0) 20 3470 0470
Flagstaff Strategic and Investor Communications
Tim Thompson
Fergus Mellon
+44 (0) 207 129 1474
rainbowrareearths@flagstaffcomms.com
Notes to Editors:
Rainbow's strategy is to become a globally-significant producer of rare earth metals. NdPr 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 into deficit.
The Company's Gakara Project in Burundi, which produces one of the highest-grade concentrates in the world (typically 54% total rare earth oxide ("TREO")) through ongoing trial mining operations, is currently the only African producer of rare earths. The Gakara basket is weighted heavily towards NdPr, which account for over approximately 19.5% of the contained TREO and 80% of the value of the concentrate.
The Phalaborwa Rare Earths Project, located in South Africa, comprises approximately 35 million tonnes of gypsum resulting from historic phosphate hard rock mining, containing rare earth elements with an estimated average in situ grade of 0.6% TREO, based on previous sampling campaigns, of which 30% comprises high-value NdPr. The rare earths are contained in chemical form in the gypsum stacks, which is expected to deliver a higher-value rare earth carbonate, with lower operating costs than a typical rare earth mineral project.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDMSCSEUFASEFSELF
Recent news on Rainbow Rare Earths
See all newsREG - Rainbow Rare Earths - Director/PDMR Shareholding
AnnouncementREG - Rainbow Rare Earths - Positive Initial Leaching and Mineralogy Results
AnnouncementREG - Rainbow Rare Earths - Interim Results
AnnouncementRCS - Rainbow Rare Earths - Publication of Conference Presentation
AnnouncementREG - Rainbow Rare Earths - Resource Update
Announcement