“I am looking forward to working with on the board, as well as Peak’s in-country team, to realise the dream of the Ngualla project.”
With the completion of this important step, the Company is now only awaiting Cabinet approval of its SML application.
With an SML in place, Peak Resources will look to secure funding to build Ngualla, and an associated downstream beneficiation facility.
Peak Resources has been informed by the Tanzanian government that the Special Mining Licence assessment process for its Ngualla rare earth project is nearly complete.
After being recommended for grant by the Mining Commission the cabinet approval process for the granting of a special mining licence to Peak Resources Ngualla project in Tanzania in underway.
Peak Resources will acquire 100% ownership in its Tanzania Ngualla project but will it be impacted by the 16% free carry stake stipulated by government?
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