Rainbow Rare Earths LtdFRA Rainbow Rare

Rainbow Rare Earths Ltd. engages in the development of rare earth minerals projects. The firm is principally engaged in the development of rare earth minerals projects in South Africa and Burundi. Its projects include Phalaborwa Project and Gakara Project. Phalaborwa Project is a gypsum stack re-treatment project for the recovery of rare earths located in South Africa. The Phalaborwa Rare Earths Project has an inferred mineral resource estimate of 38.3 metric tons (Mt) at 0.43% TREO contained within phosphogypsum tailings stacked in unconsolidated dumps derived from historic phosphate hard rock mining. Gakara Project is located in Western Burundi, approximately 20 kilometers south-southeast of Bujumbura, covering a combined area of approximately 135 square kilometers. Its hosts a numerous veins consisting of minerals bastnaesite and/or monazite. The firm's subsidiaries include Rainbow Mining Burundi, Rainbow International Resources Ltd, Rainbow Burundi SPRL and others.