PERTH (miningweekly.com) – ASX-listed Peak Resources has secured an environmental certificate for its Ngualla rare earths project, in Tanzania.
“The issuance of the environmental certificate for Ngualla is a major milestone in the permitting of the project. With the bankable feasibility study also now nearing completion, this will pave the way for a mining licence application for the project,” said Peak MD Darren Townsend.
The environmental certificate marks the completion of an environmental impact statement, with Peak saying it has received strong support from local communities.
Previous studies on the Ngualla project indicate that it will require a capital investment of some $330-million to produce 10 000 t/y of rare earths over a mine life of around 50 years.