Peak Rare Earths

We are pleased to share our AGM presentation, outlining our progress and vision for the future as we continue to advance our position as a leading player in the rare earths sector. The presentation highlights significant developments across our flagship Ngualla Project, one of the largest and highest-grade undeveloped rare earth deposits in the world. Key updates include advancements in funding solutions, technical studies and optimisation efforts, as well as our commitment to community engagement and sustainable development. With rare earths playing a critical role in the global transition to clean energy and decarbonisation, the long-term outlook for the sector remains robust. This presentation provides a comprehensive overview of how we are aligning our strategic priorities to capitalise on these opportunities and deliver value for our stakeholders. We invite you to explore the full presentation and learn more about our progress and plans for the future: https://bit.ly/3OuiB5X #PeakRareEarths #PEK #NguallaProject #RareEarths #ASX

We’re pleased to announce that Peak Rare Earths has received firm commitments for a $6 million two-tranche institutional placement aimed at progressing the journey of our Ngualla Project towards a Final Investment Decision.   Tranche 1 of the placement has raised approximately $4 million, with an additional $2 million anticipated from a conditional Tranche 2. We’re also pleased to share that our largest shareholder, Shenghe, has committed to increase its stake to 19.9% through the Tranche 2 investment, subject to regulatory and shareholder approval.   In addition to welcoming our new investors, we’re offering existing eligible shareholders the opportunity to participate at the same placement price through the upcoming Share Purchase Plan. This initiative is expected to raise up to $2 million and will provide our shareholders with a chance to participate.   The funds raised will primarily support transaction costs related to the finalisation of our proposed investment, funding and development agreement with Shenghe. Additionally, this capital will help advance the Ngualla Project to a Final Investment Decision.   Our Executive Chairman, Dr Russell Scrimshaw AM, commented: “This capital raising will support a continuation of Peak’s strong momentum as we progress our planned investment, funding and development transaction with Shenghe and the Ngualla Project towards a Final Investment Decision. I would like to welcome our new shareholders and thank Shenghe and other major shareholders for strongly supporting the raising. I am also pleased that other eligible shareholders will be provided an opportunity to invest at the same issue price through a Shareholder Purchase Plan.”   Read the full announcement here: https://bit.ly/3Cb6rvP   #PeakRareEarths #PEK #NguallaProject #RareEarths #ASX

We are pleased to announce the release of our 2024 Annual Report, which reflects a year of significant achievements and strategic developments for Peak Rare Earths.   Our, Executive Chairman, Dr Russell Scrimshaw AM highlighted the resilience of Peak during a period of short-term pricing challenges in the rare earths market. Despite these fluctuations, we made substantial progress on the Ngualla Project in Tanzania. Our landmark agreement with Shenghe Resources is pivotal for advancing the project and is expected to facilitate a final investment decision by late 2024.   Our Ngualla Project is now positioned as the most advanced rare earth development project globally. The completion of our Front-End Engineering and Design Study has further de-risked the project, reaffirming its world-class status while identifying lower capital and operating costs. The binding offtake agreement with Shenghe provides a fully funded solution for the project’s development, eliminating the need for additional equity financing from Peak.   Moreover, we are optimistic about the potential to develop additional critical mineral projects within our Special Mining Licence area. Our ongoing commitment to sustainability is evident in the various initiatives aimed at benefiting the local Ngwala community, including health and education programs.   We invite you to read the full report to gain insights into our accomplishments and future objectives: https://bit.ly/40jBPSY   Thank you for your continued support as we advance towards a successful future for the Ngualla Project.   Bardin Davis   #PeakRareEarths #PEK #ASX #NguallaProject #RareEarths #CriticalMinerals #AnnualReport

We are pleased to share our Annual Report for the year ending 30 June 2024. Over the past 12 months, we have made substantial progress in advancing the pre-development and commercialisation of the Ngualla Project in Tanzania. Key highlights include the signing of a non-binding Funding and Development Term Sheet with Shenghe and the execution of a binding offtake agreement. We have also signed a non-binding strategic EPC and funding MOU for the project.   Further achievements include the signing of a non-binding Debt Term Sheet supporting US$176.6 million of debt, the completion of a Front-End Engineering and Design Study, and the initiation of a Cost and Optimisation Study. We have advanced our critical minerals exploration program, which confirmed widespread and high-grade mineralisation of phosphate, fluorspar, niobium and rare earths.   In addition, we expanded the Ngualla Project Special Mining Licence area from approximately 18km² to 51km², signed a non-binding MOU with Minjingu Mines and Fertiliser for the future supply of phosphate, and acquired freehold title for the Teesside industrial land site, initiating a sale process for the property.   We invite you to explore these achievements and more by reading our full Annual Report here: https://bit.ly/3N1oLtD   #PeakRareEarths #PEK #AnnualReport

This morning our CEO, Bardin Davis presented at the Africa Down Under conference in Perth where he showcased our high-grade Ngualla Rare Earth Project in Tanzania, a world-class deposit with exceptional qualities.   Visit us at booth 88 today and tomorrow to chat with our team about how Peak Rare Earths is on track to become the next major player in rare earths. Read the full presentation here: https://bit.ly/47bNC7g Paydirt Media Pty Ltd #PeakRareEarths #PEK #NguallaProject

Peak Rare Earths will be at this year's Africa Down Under conference from 4-6th September at the Pan Pacific Perth. Visit us at booth 88 to learn about our high-grade Ngualla Rare Earth Project, a world-class deposit with exceptional qualities. Our CEO, Bardin Davis, will be presenting on Wednesday, September 4th at 9:30am (AWST) 🌍 We look forward to seeing you there! Paydirt Media Pty Ltd #PeakRareEarths #PEK #NguallaProject

Our CEO, Bardin Davis, is featured in the latest edition of Africa Outlook Magazine, where he delves into the strategic development of our flagship Ngualla project. In the interview, Bardin shares insights into our sequenced development strategy and highlights our strong partnership with Shenghe. This collaboration is key to advancing Ngualla's potential and delivering sustainable growth in the rare earths sector 🌍 Don't miss out on this in-depth discussion - check it out in Africa Outlook now! Digital magazine here: https://bit.ly/3T3SfKT Individual article here: https://bit.ly/47cWrOk #PeakRareEarths #PEK #RareEarths #NguallaProject #AfricaOutlook

Our CEO, Bardin Davis, will be presenting at the Africa Down Under Conference on Wednesday, September 4th at 9:30am (AWST) at the Pan Pacific Perth 🌍. This is an excellent opportunity to learn about our high-grade Ngualla Rare Earth Project, a world-class deposit with exceptional qualities. Discover the highlights of our Ngualla Rare Earth Project, including a high-grade TREO of 4.80% and NdPr of 1.02%, a substantial 214Mt Mineral Resource, and an initial 24-year project life. The project features low radionuclides and strong economics with an NPV of US$208 million and an 18.8% IRR, plus significant exploration potential in fluorspar, niobium, and phosphate. The Ngualla Project also brings notable benefits to Tanzania, creating hundreds of jobs, developing infrastructure in Ngwala Village and generating billions of USD in government revenue over its life. Register here: https://bit.ly/3Mol3da Paydirt Media Pty Ltd #PeakRareEarths #PEK #NguallaProject

Visit us at booth 88 at this year's Africa Down Under conference from 4-6th September at the Pan Pacific Perth 🌍 We are focused on delivering our high-grade Ngualla rare earth project via a sequenced development approach to enable low carbon technologies to power the green transformation. #PeakRareEarths #PEK #NguallaProject

Check out this latest report from Simon Francis Orior Capital outlining our recent non-binding Funding and Development Term Sheet with Shenghe. The report considers the role that Shenghe played in restarting the Mountain Pass Mine in the US and the benefits that Shenghe will bring as a strategic partner to the Ngualla Project. Read the full report here ➡️ https://bit.ly/3SE5UYG #PeakRareEarths #PEK