Rainbow revises guidance for FY17/18, on target to ship first concentrate in Q4

Run-of-mine (RoM) for LSE-listed Rainbow Rare Earths’ Burundi-based Gakara rare earths project is forecast to be in the range of 3 000 t to 4 000 tons, which is expected to generate 2 250 t of mineral concentrate for sale for the current financial year.    “Rainbow's revised guidance compares favourably to this estimate, which encompasses a period of only 14 months since first activities at the project,” the company said in a statement on Wednesday.