PERTH (miningweekly.com) – ASX-listed Peak Resources will update the bankable feasibility study (BFS) for its Ngualla rare earth projects and for its Teesside refinery.
The updated BFS will focus on updated transport logistics, mine planning, renewable energy solutions, early works and project execution planning, updated pricing assumptions for producing neodymium praseodymium (NdPr) oxide and other separated rare earth products, tailings storage evaluation and flotation process optimisation.
Peak told shareholders on Wednesday that the updated BFS was not expected to change the plant design or flow sheets.
The updated BFS will be completed by the end of February next year.
The original BFS into both the Ngualla rare earth project and the Teesside refinery was completed in 2017.
It was estimated that the $165-million refinery will produce around 2 810 t/y of high purity NdPr oxide, around 625 t/y of combined mid and heavy rare earth carbonate, some 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.