PEK 2.70% 19.0¢ peak rare earths limited

An article on Investorintel that makes the case for REE demand...

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    An article on Investorintel that makes the case for REE demand to increase if supply is more secure.

    http://investorintel.com/rare-earth-intel/sky-could-be-the-limit-for-ree-sector-update-on-africa-projects/

    And a mention by Robin Bromby of Peak at the Africa Down Under Conference.

    "Peak Resources (ASX:PEK) told the conference it was planning rare earth production by 2016. Technical Director, Dave Hammond, said the company’s 100%-owned Ngualla Rare Earth Project distinguished itself from other rare earth projects in the world due to its lower capital and operating costs, and low risk due to a proven three stage metallurgical route it had developed. Mr Hammond said Peak was committed to developing the project – which has mineral resources of 195 million tonnes, and is one of the largest and highest grade rare earth deposits in the world – to become a low cost, long term rare earth producer. “A pre-feasibility study is currently in progress which is due for completion early next year, after which we will go to the definitive feasibility stage during 2014. Under current time-frames, we will then undertake engineering and design work with the aim of commencing construction in late 2015, followed by maiden production in late 2016,” he added."

    Good to see you back in ddzx, I hope you have timed your entry well :)
 
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