Rainbow Rare Earths Limited Publication of Conference Presentation

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	[phone]
	IR	Cathy Malins	[phone] [e-mail]
Berenberg	Broker	Matthew Armitt Jennifer Lee	[phone]
Stifel	Broker	Ashton Clanfield Varun Talwar	[phone]
Tavistock Communications	PR/IR	Charles Vivian Tara Vivian-Neal	[phone] [e-mail]

 

 

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.

 

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[1] Net present value using a 10% forward discount rate

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