Peak Resources Limited (ASX: PEK) (“Peak” or the “Company”) is pleased to report the results of its Bankable Feasibility Study (the “Study” or “BFS”) on the Ngualla Rare Earth Project (located in Tanzania) and proposed refinery in Tees Valley (located in the UK). The BFS has delivered further significant reductions in operating costs and facilitated access to higher value markets as compared to the Company’s project update ASX announcement “Ngualla Project Study delivers substantial Capex and Opex savings” dated 16 March 2016 (“Project Update”).

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