Shareholder Call

RNS Number : 4798A

Rainbow Rare Earths Limited

12 September 2018

 

FOR IMMEDIATE RELEASE

12 September 2018

Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)

Shareholder and Analyst Call

Rainbow, the Rare Earth Element ('REE') mining company, is pleased to announce that it will host a shareholder and analyst conference call at 11.30am UK time on Wednesday 19 September 2018 following the release of its final results for the year ended 30 June 2018.  The call will be hosted by Chief Executive Officer Martin Eales who will be available to answer questions submitted by shareholders during and ahead of the call.

To participate in this conference call, please dial 0808 109 0701, (if you are calling from outside of the UK, please dial [phone]) and enter participant code 6576380# when prompted to do so.  Please note that all lines will be muted with the exception of Rainbow's management, however the Company invites shareholders to submit questions to its public relations adviser, St Brides Partners Ltd, ahead of the call via email.  Questions should be sent to [e-mail].  Additionally, to send questions through the online chat function that will run concurrently with the call, please use the link below and log in as a participant; the password is: Rainbow

https://sbmf.webex.com/sbmf/onstage/g.php?MTID=e04ec898bd1661cbfb476fa74121c38 

On the right-hand side of the screen you will find an option to submit questions during the call.  The Q&A function will only be made live once the call has commenced.  The management team will strive to answer as many questions as possible during the call.  The Company plans to make a recording of the call available on the Company's website.

If you have any problems accessing the call, please contact St Brides Partners Ltd on [e-mail] or call [phone].

**ENDS**

For further information, please contact:

Rainbow Rare Earths Ltd	Martin Eales	Tel: [phone]
St Brides Partners Ltd	Lottie Wadham Priit Piip	Tel: [phone]
Arden Partners plc	Paul Shackleton Benjamin Cryer	Tel: [phone]

Notes to Editors:

Rainbow's focus is the Gakara Project in Burundi, one of the highest in situ vein grade (47%-67% Total Rare Earth Oxide) rare earths projects globally and the only African producer. 

The Company began production of rare earth concentrates in Q4 2017 and is currently ramping up to a targeted run rate of 5,000tpa by the end of 2018 and 6,000tpa by the end of 2019.  Rainbow has a ten-year distribution and offtake agreement with multinational thyssenkrupp Materials Trading secured for the sale of at least 5,000tpa of concentrate produced.

The Gakara basket is weighted heavily towards the magnet rare earths, including neodymium and praseodymium, which are driving demand and account for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines, and electric vehicles.

 

END

 

 

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