Rainbow Rare Earths Limited

Equities

RBW

GG00BD59ZW98

Non-Gold Precious Metals & Minerals

Market Closed - London S.E. Other stock markets 11:35:05 2024-04-26 am EDT			5-day change	1st Jan Change
10.75 ^GBX	+3.86%		+9.69%	-15.69%

Apr. 19	Rainbow Rare Earths Chair Adonis Pouroulis ups stake to 14%	AN
Apr. 16	Nexteq confident of meeting full-year expectations	AN

Rainbow Rare Earths hails tonnage uplift at Phalaborwa

February 26, 2024 at 09:14 am EST

Rainbow Rare Earths Ltd - South Africa and east Africa-focused rare earth oxide producer - Celebrates as updated bulk density estimates for the Phalaborwa resource confirms an increase in overall expected tonnages of around 16%. The increased bulk density reported by Ardaman & Associates Inc showed an increase from 30.4 million tonnes to 35.1 million tonnes, extending the resource's operating life by over two years. Ardaman is the firm responsible for designing a new gypsum stack for the ongoing Phalaborwa definitive feasibility study.

Chief Executive Officer George Bennett says: "The improvement in the resource tonnage at Phalaborwa is extremely positive. While we await the assay results and the JORC compliant Resource classification upgrade, it is clear that the growth in tonnages will lead to an increase in the life of the project by over two years in due course."

Current stock price: 11.70 pence, down 0.4% in London on Monday afternoon

12-month change: up 6.4%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES SOUTH AFRICA(ZAR)	1,962 PTS	+1.81%	+2.51%	-
DOW JONES AFRICA TITANS 50 INDEX	462 PTS	+1.81%	+2.72%	-
S&P AFRICA 40 INDEX	157.6 PTS	+3.21%	+3.49%	-
RAINBOW RARE EARTHS LIMITED	10.75 GBX	+3.86%	+9.69%	84.4M

Latest news about Rainbow Rare Earths Limited

Rainbow Rare Earths Chair Adonis Pouroulis ups stake to 14%	Apr. 19	AN
Nexteq confident of meeting full-year expectations	Apr. 16	AN
Transcript : Rainbow Rare Earths Limited, H1 2024 Earnings Call, Apr 03, 2024	Apr. 03
EARNINGS AND TRADING: Arbuthnot ups payout as profit more than doubles	Mar. 28	AN
Rainbow Rare Earths Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 28	CI
Rainbow Rare Earths hails tonnage uplift at Phalaborwa	Feb. 26	AN
Rainbow Rare Earths Reports 16% Jump in Expected Tonnage at South African Project	Feb. 26	MT
Rainbow Rare Earths Updates Bulk Density Estimates for the Phalaborwa Resource Has Confirmed A Ca. 16% Increase in Overall Expected Tonnages	Feb. 26	CI
Rainbow Rare Earths Limited Provides Update on Rare Earth Oxide Separation Progress	Feb. 05	CI
UBS cuts BAT to 'neutral'; Barclays cuts Senior	Jan. 24	AN
Rainbow Rare Earths starts rare earth oxide separation in US	Jan. 11	AN
Rainbow Rare Earths Starts Rare Earth Oxide Separation Process in US	Jan. 11	MT
Rare Earth Oxide Separation Work Commences at the Back-End Pilot Plant in Florida, U.S	Jan. 11	CI
Berenberg cuts target prices for miners	Jan. 09	AN
Velocys agrees bid, Helical lets office to Sainsbury	Dec. 05	AN
US Agency to Fund $50 Million Investment for Rainbow Rare Earths’ Critical Minerals Project	Dec. 05	MT
Western start-ups seek to break China's grip on rare earths refining	Dec. 04	RE
Western start-ups seek to break China's grip on rare earths refining	Dec. 04	RE
M&S and Unilever raised but Asos cut	Nov. 09	AN
FTSE 100 Edged Lower on Yet Another Muted Session	Nov. 08	DJ
Rainbow Rare Earths shares rise as TechMet signs option deal	Nov. 08	AN
Rainbow Rare Earths Secures $50 Million Investment for South African Rare Earths Project; Shares Jump	Nov. 08	MT
Rainbow Rare Earths Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-10-31	CI
Rainbow Rare Earths annual loss widens amid supply chain issues	23-10-30	AN
Earnings Flash (RBW.L) RAINBOW RARE EARTHS Posts FY23 Loss $-0.02	23-10-30	MT

Chart Rainbow Rare Earths Limited

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Company Profile

Rainbow Rare Earths Limited is a Guernsey-based mining company. The Company is engaged in the development of rare earth mineral projects in South Africa and Burundi. Its projects include Phalaborwa Project and Gakara Project. The Phalaborwa Project is a gypsum stack re-treatment project for the recovery of rare earths located in South Africa. The Phalaborwa Rare Earths Project has an inferred mineral resource estimate of 30.4 metric tons (Mt) at 0.44% TREO contained within phosphogypsum in two unconsolidated stacks derived from historic phosphate hard rock mining. The Gakara Rare Earth Project is located in Western Burundi, approximately 20 kilometers (km) south-southeast of Bujumbura, covering a combined area of approximately 135 square kilometers (km2). The mining permit covers an area of over 39 km2. It hosts various veins consisting of the minerals bastnaesite and/or monazite. Its subsidiaries include Rainbow Mining Burundi, Rainbow International Resources Ltd. and others.

Sector

Non-Gold Precious Metals & Minerals

Calendar

2024-10-28 - Q4 2024 Earnings Release (Projected)

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Buy

Mean consensus

BUY

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Last Close Price

0.1339 USD

Average target price

0.4117 USD

Spread / Average Target

+207.48%

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Rare Earth Minerals