ASX-listed development company Peak Resources expects the bankable feasibility study (BFS) for its Ngualla rare earths project, in Tanzania, to be completed in the first quarter of 2017, advancing the project close to production. Peak MD Darren Townsend says the slight delay in the start of the Ngualla pilot leach plant and the Christmas/New Year holiday period have delayed the project’s BFS completion date from late 2016 to early 2017.
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