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 Resources, 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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