The Ngualla Rare Earth Project is a high-grade and long-life rare earth oxide (“REO”) deposit in Tanzania
Peak Rare Earths
Rare Earths, Tanzania
INVESTMENT HIGHLIGHTS
The Ngualla Rare Earth Project (“Ngualla”) in Tanzania is a high-grade and long-life rare earth oxide (“REO”) deposit with unique weathered bastnaesite mineralogy and an attractive basket of magnet-related light rare earth minerals. Appian, alongside the IFC invested to advance the company through the finalization of pilot plant test work and a definitive feasibility study outlining the low cost and strategic potential of Ngualla and downstream REO refinery in Teesside UK.
For more information about Peak Rare Earths, please click here.
Ownership structure: Public
| Asset | Location | Commodity | Stage | Mining Method | Total Resources | Total Reserves | Life of Mine | Production |
|---|---|---|---|---|---|---|---|---|
| Ngualla1 | Tanzania | Rare earths | DFS | Open pit | 214Mt @ 2.15% REO for 4,620kt REO | 18.5Mt @ 4.8% REO for 887kt REO | 26 years | 9,290tpa REO (including 2,810tpa NdPr) |
