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Rainbow Rare Earths on track to ship first concentrate by year-end

Martin Eales, chief executive of Rainbow Rare Earths Ltd (LON:RBW) tells Proactive they're expecting run-of-mine (ROM) ore production at their Gasagwe asset will be in the range of 3,000 to 4,000 tonnes.

The production guidance was issued alongside the company's results for the year to the end of June.

The completion of construction and commissioning of the plant is expected in the coming weeks, which should allow Rainbow to meet its target of shipping the first concentrate before the end of the year.

Quick facts: Rainbow Rare Earths Limited

Price: 2.85 GBX

LSE:RBW
Market: LSE
Market Cap: £10.84 m
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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