About Us

We are focused on delivering our high-grade, fully integrated Ngualla-Teesside rare earth project to enable low carbon technologies to power the green transformation.

Our Ngualla Rare Earth Project in Tanzania contains one of the largest, highest grade and lowest cost Neodymium and Praseodymium (NdPr) Oxide deposits in the world. High-grade rare earth concentrate from Ngualla will be further refined at our Teesside Refinery in the United Kingdom, which will produce NdPr Oxide and other separated rare earth products.

INVESTMENT HIGHLIGHTS

Compelling NdPr market outlook: Market deficits and rising prices

World class deposit: high-grade, long-life asset

Vertically integrated operation: Optimising margin across the value chain

Advanced and de-risked projects: BFS and key approvals complete

“Plug and Play” refinery solution

Experienced Board and Management team

The Ngualla Project

Our Ngualla Project is located approximately 147km from the city of Mbeya in southern Tanzania and on the edge of the East African Rift Valley. It has a large and high-grade Ore Reserve (18.5Mt grading at 4.8% Rare Earth Oxide (REO) for 887kt REO) and Mineral Resource (214.4Mt grading 2.15% REO for 4.61Mt REO). The deposit benefits from a comparatively high composition of NdPr to REO and low levels of radionuclides and acid consuming elements.

Teesside Refinery

A high-grade rare earth concentrate  (45% TREO) will be shipped to our planned rare earth refinery in the Tees Valley, United Kingdom. The refinery will produce NdPr Oxide and other separated rare earth products for distribution to key European and Asian end markets. The Tees Valley is an established industrial and chemical processing zone, which benefits from existing infrastructure and utilities.

Project History:

The technical information and Competent Persons Statements for the Ore Reserves and Mineral Resources are reported in the Company’s ASX announcements:
22 February 2016, 2 March 2017 and 12 April 2017.

LATEST ASX ANNOUNCEMENTS

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