Rainbow Rare Earths Limited Publication of Conference Presentation
March 20 2024 - 7:37AM
RNS Non-Regulatory
RNS Number : 6274H
Rainbow Rare Earths Limited
20 March 2024
20 March 2024
Rainbow Rare Earths
Limited
("Rainbow" or "the Company")
LSE: RBW
Publication of Swiss Mining
Institute Conference Presentation
Rainbow Rare Earths is participating in the
Swiss Mining Institute ("SMI") investor conference this week in
Zurich, Switzerland. A copy of the SMI presentation is
available on the Company's website at:
https://www.rainbowrareearths.com/investors/results-reports-presentations/.
For further
information, please contact:
|
Rainbow Rare
Earths Ltd
|
Company
|
George Bennett
Pete Gardner
|
+27 82 652 8526
|
|
|
IR
|
Cathy Malins
|
+44 7876 796 629
cathym@rainbowrareearths.com
|
|
Berenberg
|
Broker
|
Matthew Armitt
Jennifer Lee
|
+44 (0) 20 3207 7800
|
|
Stifel
|
Broker
|
Ashton Clanfield
Varun Talwar
|
+44 20 7710 7600
|
|
Tavistock
Communications
|
PR/IR
|
Charles Vivian
Tara Vivian-Neal
|
+44 (0) 20 7920 3150
rainbowrareearths@tavistock.co.uk
|
Notes to
Editors:
About
Rainbow:
Rainbow Rare Earths aims to be a forerunner in
the establishment of an independent and ethical supply chain of the
rare earth elements that are driving the green energy transition.
It is doing this successfully via the identification and
development of secondary rare earth deposits that can be brought
into production quicker and at a lower cost than traditional hard
rock mining projects, with a focus on the permanent magnet rare
earth elements neodymium and praseodymium, dysprosium and
terbium.
The Company is focused on the development of
the Phalaborwa Rare Earths Project in South Africa and
the earlier stage Uberaba Project in Brazil. Both projects entail
the recovery of rare earths from phosphogypsum stacks that occur as
the by-product of phosphoric acid production, with the original
source rock for both deposits being a hardrock carbonatite.
Rainbow intends to use a
proprietary separation technique developed by and in conjunction
with its partner K-Technologies, Inc., which
simplifies the process of producing separated rare earth oxides
(versus traditional solvent extraction), leading to cost and
environmental benefits.
The Phalaborwa Preliminary Economic Assessment
has confirmed strong base line economics for the project, which has
a base case NPV10 of US$627 million[1], an average EBITDA operating margin of 75% and a
payback period of < two years. Pilot plant operations commenced
in 2023, with the project expected to reach commercial production
in 2026, just five years after work began on the project by
Rainbow.
More information is available at
www.rainbowrareearths.com.
[1] Net
present value using a 10% forward discount rate
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