Peak Resources Reports Robust PFS For Ngualla Project


News: ASX-listed Peak Resources has released a robust pre-feasibility study (PFS) for its Ngualla rare earth project in Tanzania. The study has reduced the project's underlying capital costs by US$91mn and estimates the project's net present value as US$1.31bn. The PFS comprised evaluation and metallurgical test work programmes that confirmed the project to be involving low capital expenditure and operating costs along with a long project life.

This article is tagged to:
Sector: Mining
Geography: Tanzania