Ngualla Rare Earths Project, Tanzania

The project is located in southern Tanzania, 147 kilometres from the city of Mbeya on the edge of the East African Rift Valley, Peak’s Ngualla Project is centred on the Ngualla Carbonatite.A prefeasibility study has confirmed Ngualla to be an economically robus project, at a base case production rate of 10 000 t/y of separated high-purity REOs, with a 58 year mine life. The PFS proposes using conventional openpit. load, haul and dump mining. Capital expenditure including contingency is $365 million. The exact co-ordinates are currently not available however the approximate area of location is lat: -7.7081423; long: 32.8393364.