Peak Resources’ Ngualla PFS Moving Ahead

Mining Weekly reported Peak Resources is set to move forward with a prefeasibility study (PFS) on its Ngualla rare earths project after updating its resource estimate with a significant increase.

As quoted in the market report:

Peak said in a statement that the increased mineralisation, and the option to increase the production rate of the Ngualla project, coupled with enhanced beneficiation ability, as indicated by recent testwork, would lower the cash costs of the project and improve on the already-strong net present value and internal rate of return, as estimated by the scoping study.

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