This project represents an opportunity for Tanzania to play a global role in the supply of strategically important rare earth elements.
With incredibly strong global demand for non-Chinese rare earths, we are ideally placed to supply these critical commodities.
PR NG Minerals is the wholly-owned subsidiary of Peak Resources that applied for a SML for the Ngualla Rare Earth Project.
“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.