Rainbow Rare Earth update confirms 'exceptional economics' of Phalaborwa
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Rainbow Rare Earths Ltd announced that a new study of the Phalaborwa project in South Africa confirms its exceptional economic potential, with high margins and increased economic confidence compared to the initial PEA.
December 16, 2024 | 8:00 am
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POSITIVE IMPACT
Rainbow Rare Earths Ltd's Phalaborwa project in South Africa has been confirmed to have exceptional economic potential, with high margins and increased economic confidence.
The confirmation of exceptional economics and high margins for the Phalaborwa project is likely to positively impact Rainbow Rare Earths Ltd's stock price. The increased economic confidence compared to the initial PEA suggests strong future revenue potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90