Rainbow Rare Earths has released an operating update for the three months to 30 September 2018. Operations have proven slightly more complex than anticipated and RBW has announced that it will not hit the proposed guidance of 400tpm by the end of calendar year 2018. This lower-than-predicted production rate is the result of the highly variable vein formations at Gakara, and the effect it can have on provision of ore and dilution of plant feedstock.
30 Oct 2018
Q1 operations update
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Q1 operations update
Rainbow Rare Earths Ltd. (RBW:LON) | 9.8 0 (-4.4%) | Mkt Cap: 61.8m
- Published:
30 Oct 2018 -
Author:
Charles FitzRoy -
Pages:
4
Rainbow Rare Earths has released an operating update for the three months to 30 September 2018. Operations have proven slightly more complex than anticipated and RBW has announced that it will not hit the proposed guidance of 400tpm by the end of calendar year 2018. This lower-than-predicted production rate is the result of the highly variable vein formations at Gakara, and the effect it can have on provision of ore and dilution of plant feedstock.