MiningGeneral mining & base metals
Rainbow Rare Earths Limited

Rainbow Rare Earths publishes maiden JORC resource for Gakara

Rainbow’s plan is to bring Gomvyi Centre and Kiyenzi into production during 2019

Gakara mine
Most of the resource is at the Kiyenzi propsect

Rainbow Rare Earths Limited (LON:RBW) has published a maiden JORC-compliant mineral resource for its Gakara rare earths project in Burundi, East Africa.

The total resource currently is 1.2mln tonnes of ore, though Rainbow says this covers only a small fraction of the licence and was based on four out of the 28 mineralised prospects across the licence.

READ: Rainbow Rare Earths boosts rare earths exports from high-grade Gakara mine

Of these, three areas (Gasagwe, Murambi South and Gomvyi Centre) are very high-grade vein stockwork deposits.

They total 12,491 tonnes of Total Mineral Resource at an average grade of 55%.

Kiyenzi, the fourth prospect, is a very large, lower grade mineralised deposit and accounts for nearly 1.2mln tonnes of mineral resource at an average grade of 2.2%.

Rainbow’s plan is to bring Gomvyi Centre and Kiyenzi into production during 2019

Martin Eales, chief executive, said the three high-grade areas will provide over two years' head feed for our planned ramp-up to 5,000t concentrate.

"The Kiyenzi deposit has been confirmed as a very large, lower grade deposit, which ties in with the airborne and ground gravity results previously announced.

“The currently modelled deposit amounts to nearly 1.2 million tonnes of ore at 2.2% TREO and may well be related to a carbonatite source.

“This deposit is open in all directions and is an extremely exciting prospect as it presents a new opportunity for Rainbow to further develop its mining and processing capabilities.”

Quick facts: Rainbow Rare Earths Limited

Price: £0.03

Market: LSE
Market Cap: £10.91 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Rainbow Rare Earths Limited named herein, including the promotion by the Company of Rainbow Rare Earths Limited in any Content on the Site, the...



Rainbow Rare Earths looks to open second mining area in fourth quarter

Martin Eales, chief executive of Rainbow Rare Earths LTD (LON:RBW), tells Proactive Investors they sold 350 tonnes of concentrate in the three months to the end of June 2018 - up significantly from the 125 tonnes sold in the previous quarter - as the ramp-up to full production continues at...

on 24/7/18

2 min read