Frontier Rare Earths Limited(TSX:FRO) announced that it recently filed a NI 43-101 report on SEDAR for its Zandkopsdrift project, South Africa. The NI 43-101 report is based on results from the PEA carried out at the project.

Highlights include:

• Net Present Value (“NPV”) of $3.65 billion, after tax and royalties, at an 11% discount rate.
• Internal rate of return (“IRR”) of 52.5%, after tax and royalties, and 2 year payback from start of production.
• Average production of 20,000 tonnes of separated rare earth oxides (“REO”) per annum, generating average annual revenues of $1.1 billion and an estimated operating margin of 78%.

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