Share price finally beginning to recover from the CR and tax...

Share price finally beginning to recover from the CR and tax selling onslaught, it held up well this week with some early volume beginning to arrive.

With Bardin currently on site I'd expect drilling is getting underway and preliminary groundwork being prepared for FID in September.

They will begin refurbishing the Ngualla air strip for weekly flights for workforce and establishing accommodation etc within the tenement boundary.

FID is now only a matter of weeks away and preparation to hit the ground running is clearly underway.

Bardin has done a commendable job in bringing the project to this stage and has assembled a highly skilled team which is lead by Russell Scrimshaw;

"The team is led by Executive Chairman, Mr Russell Scrimshaw. Mr Scrimshaw is a distinguished corporate executive and company
director with experience in large scale mining project development and operations, product
marketing, finance, business development and technology.
He was a founding director of Fortescue Metals Group"

Phased approach
In August 2022, Peak announced plans for a staged approach in which it would initially develop the
Ngualla upstream rare earths project to produce and export rare earth concentrate to offshore third party refineries.
The company has agreed that it will defer any decision on the construction of the Teesside Refinery until the completion of an independent assessment of the technical, economic, and environmental feasibility of a Tanzanian rare earth refinery. In October 2022,
Peak announced the Bankable Feasibility Study for the standalone Ngualla Rare Earth project.

The phased approach offers a number of advantages. In particular it:
• Significantly reduces the up-front capex and funding needs; despite a 20% increase in planned
concentrate production, estimated initial capex has declined from US$402m (Orior Capital
estimate, September 2021) to US$321m in the 2022 BFS Update
• Lowers the technical and commissioning risks around the concurrent development of projects in
Tanzania and the UK
• Takes advantage of current market conditions in which offtake demand for rare earth concentrates
is strong
• Maintains optionality around a possible Tanzanian rare earth refinery in the future

This approach should also allow Peak to take advantage of technical support, offtake arrangements
and financing support brought by Shenghe, Peak’s largest shareholder.

That is, it offers the opportunity to replicate the highly successful partnership between Shenghe and MP Materials.
The phased approach offers a simpler, de-risked and lower capital approach to getting into
production."

https://peakrareearths.com/wp-content/uploads/2023/04/Peak_2023_04_20.pdf

http://research.iress.com.au/IDS/old/20230615/02676292.pdf?uid=A9B4A3FD27D7F151C4CEDF789B4E06C8960B0000F53EDE125F08E640093D250091850000&ppv=