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Rainbow Rare Earths ships another batch of high grade rare earth concentrate

RRE has ben trialling a more mechanised extraction of ore at lower grades

Rainbow Rare Earths Limited - Rainbow Rare Earths ships another batch of high grade rare earth concentrate

Rainbow Rare Earths Limited (LON:RBW) has exported a further 75 tonnes of concentrate from its Gakara deposit in Burundi.

Grades were approximately 53% Total Rare Earth Oxides, of which 19.5% was Neodymium and Praseodymium, with the concentrate sold through offtake partner Thyssenkrupp.

George Bennett, chief executive, said: "We have recently been trialling a more mechanised extraction of ore at lower grades, and the fact that we are still able to produce high-grade concentrate through our pilot plant underlines the benign mineralogy of our deposit and bodes well for the design of a much larger bulk mining operation, which is well underway. "

Rainbow's Gakara project is one of the highest-grade (47%-67% Total Rare Earth Oxide) rare earth projects globally and the only one producing in Africa.

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Price: 2.65 GBX

LSE:RBW
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Market Cap: £10.08 m
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Rainbow Rare Earths CEO talks Kiyenzi drilling results and new Zimbabwe licenses

Rainbow Rare Earths (LON:RBW) CEO George Bennett caught up with Proactive London's Andrew Scott at Mines and Money 2019. RBW's recently acquired 10 mining claims covering a total of 12.6km² secured in northern Zimbabwe. Bennett also updates on recent drilling at Kiyenzi in Burundi.

on 25/11/19

2 min read