Name and Location
Ngualla rare earths project, Tanzania.

Client
Peak Resources.

Project Description
A revised scoping study on Ngualla has increased the project’s total mineral resource from 8.2-million tonnes at 4.35% in the December 2012 scoping study, to 21.6-million tonnes at 4.54% rare-earth oxides.

Value
The capital cost has been reduced to $373-million, excluding contingency.

Duration
Production start-up is expected in 2016.

Latest Developments
The increased size of the mineral resource has allowed Peak to examine the economic benefits of doubling the base production rate to 20 000 t/y of contained rare-earth oxide.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Peak Resources, tel +61 8 9200 5360, fax +61 8 9226 3831 or email info@peakresources.com.au.