Name of the Project
Teesside refinery project.

Location
The refinery will be located on a 19 ha site, within the Wilton International Site, located near the town of Middlesbrough, in the Tees Valley, in the UK.

The Wilton International Site is a large-scale industrial park with existing access to reliable and competitively priced power.

Project Owners
Peak Resources.

Project Description
The project entails the construction of a rare earths separation plant.

The refinery is expected to produce about 2 810 t/y high-purity neodymium and praseodymium, 625 t/y of combined mid and heavy rare-earth carbonate, 7 995 t/y of lanthanum rare-earth carbonate, and 3 475 t/y of cerium rare-earth carbonate sourced from the Ngualla project, in Tanzania.

Potential Job Creation
The project is expected to create about 130 steady-state jobs.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The project is estimated at $165-million.

Planned Start/End Date
Following a final investment decision, construction and commissioning of the Teesside Refinery is expected to take about 18 months.

Latest Developments
The project was granted an environmental permit in August 2018 and planning permission was implemented in April 2021.

Peak Resources exercised an option over the site in May this year and entered into a 250-year lease. Yearly rent is structured as a nominal peppercorn payment.

Key Contracts, Suppliers and Consultants
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.