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Rainbow Rare Earths Limited

Rainbow Rare Earths publishes maiden JORC resource for Gakara

Martin Eales, chief executive of Rainbow Rare Earths Limited (LON:RBW), discusses with Proactive London's Andrew Scott a maiden JORC-compliant Mineral Resource for their Gakara rare earths project in Burundi, East Africa.

The total resource currently is 1.2mln tonnes of ore, though Eales says this is only a small fraction of the Gakara Project.

The Mineral Resource was based on only four out of the 28 mineralised prospects across the licence.

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Price: £0.03

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