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Rainbow Rare Earths confirms significant exploration potential at Gakara

Martin Eales, chief executive of Rainbow Rare Earths Ltd. (LON:RBW), tells Proactive they've recently wrapped up an airborne magnetic survey which has suggested there are at least four large carbonatite anomalies at the Gakara project in Burundi.

Eales says the discovery gives the project significant exploration upside potential.

In their announcement today Rainbow also reaffirmed that first production and sales of rare earth concentrate are on schedule for the fourth quarter of 2017.

Quick facts: Rainbow Rare Earths Limited

Price: 2.9 GBX

LSE:RBW
Market: LSE
Market Cap: £11.03 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