Peak Resources features in the July issue of African Business Review
Managing Director Darren Townsend discusses the company’s Ngualla Project in Tanzania with African Business Review.
Since its inception, the Ngualla Project has created a significant buzz in the mining industry and will effectively support the development of electric and hybrid cars.
With colbalt surging in price, investors will soon see the significance of rare earth elements neodymium and praseodymium, which are 10 times stronger than traditional magnets combined. With a thirty-year mine life, the project will support African communities long-term, and drive the economy in a positive direction.
“It’s extremely high grade and our aim is to get this project up and into production, whilst looking at additional opportunities to grow the company and build out the business further within the rare earths space,” comments Townsend.
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