Peak and its partners are developing the Ngualla Project in Tanzania into a low cost next generation rare earth project that is strongly aligned to the high value, expanding high-tech magnet metal market. The Company has tailored its processing flowsheet to focus on the production of neodymium and praseodymium, which are the key enabling raw materials, the heart, that power low carbon technologies such as electric (e) mobility, clean energy and automatisation/robotic technology. With a distinctly different development approach backed by the advantages of a large high quality deposit and demonstrated process, the Company is well positioned for growth through the expanding demand for magnet metals in the green technology sector.
Peak’s strategy for growth is to rapidly develop Ngualla into a long term producer of neodymium (Nd) and praseodymium (Pr) rare earth mixed oxides through its lower quartile capex and opex.
The project is now substantially technically de-risked with a large, high confidence mineral resource base, demonstrated low cost metallurgical process and robust project economics demonstrated by the recently published Bankable Feasibility Study (“BFS”).