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Rainbow Rare Earths Plc

Rainbow Rare Earths

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Rainbow Rare Earths (LON:RBW) is a mining company focussed on the exploration and development of the high grade Gakara Rare Earth Project in Burundi, East Africa.

With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits. First production and sales to Rainbow’s offtake partner, thyssenkrup Raw Materials, is targeted by the end of 2017.

FOCUS

Rainbow is focused on generating significant value from the extraction of high grade, high quality Rare Earth Oxides (REOs) at its Gakara Project and in turn, being a significant contributor to Burundi’s developing mining sector.  With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.

Rainbow has a 10-year distribution and offtake agreement for exclusive sales of 5,000 tonnes of concentrate with thyssenkrupp Raw Materials, an active worldwide metals trader with offices in key markets including Europe, North America, South America and Asia.

 

STRATEGY

With a focus on achieving sustainable, near-term production from the Gakara Project, the Company’s development strategy is to:

  • Initiate trial mining phase at Gakara and achieve commercial production target of 5,000tpa of rare earth concentrate
  • Demonstrate profitability of production from Gakara
  • Increase production beyond 5,000tpa of rare earth concentrate
  • Capture greater share of contained REE value through intermediate concentrate

CORE VALUES

Zero Harm

to our people, to the local population, to the wider community and the environment

Integrity

undertaking all our business dealings and relationships with the utmost integrity

Respect

for our colleagues, for the people of Burundi and for our customers and stakeholders

Accountability

to be willing to take responsibility for all our actions

Transparency

to conduct all of our business dealings to the highest level of transparency

Courage

to be prepared to persevere when others would not


Rainbow Rare Earths Board Members

Martin Eales, Chief Executive Officer
Adonis Pouroulis, Non-Executive Chairman
Shawn McCormick, Non-Executive Director
Robert Sinclair, Non-Executive Director
Alexander Lowrie, Non-Executive Director
Atul Bali, Independent Non-Executive Director

Company website for Rainbow Rare Earths

http://rainbowrareearths.com