The Ngualla Rare Earth Project is a high-grade and long-life rare earth oxide (“REO”) deposit in 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

AssetLocationCommodityStageMining MethodTotal ResourcesTotal ReservesLife of MineProduction
Ngualla1TanzaniaRare earthsDFSOpen pit214Mt @ 2.15% REO for
4,620kt REO
18.5Mt @ 4.8% REO for 887kt REO26 years9,290tpa REO (including 2,810tpa NdPr)
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