Peak Resources Completes Preliminary Economic Assessment for Ngualla

Peak Resources Limited  (ASX:PEK, OTCQX: PKRLY) announced that they have completed the scoping study and the preliminary economic assessment on its Ngualla Rare Earth Project in  Tanzania.

As quoted in the press release:

Highlights

• Strong economics with a base case pre-tax net present value of US$1.571 billion and an internal rate of return of 53%.
• Low capital cost requirement of US$400 million (excluding contingency) with a payback period within the first 3 years of production.

Peak Managing Director Richard Beazley said:

The outcome of the scoping study confirms that Ngualla is indeed a leading and stand out project in the rare earth industry with excellent efficiencies in capex and opex driven by the deposit’s dominant natural advantages. This study clearly delineates the strong value proposition of Ngualla and catapults its development ahead of other projects.

To view the whole press release, click here.