# INTERVIEW: Rainbow Rare Earths Ltd Excited About Extremely Positive Lab Results

- Link: https://www.directorstalkinterviews.com/interview-rainbow-rare-earths-ltd-excited-extremely-positive-lab-results/412753478
- Published: 2018-06-27T10:01:10+01:00
- Author: Giles Arbor

**Rainbow Rare Earths Ltd** (LON:RBW) CEO Martin Eales talks to DirectorsTalk about
some exciting lab results from its maiden drilling campaign at the Gakara Project
in Burundi. Martin explains the results, why they are exciting, the next steps, 
targeting a maiden resource and what else investors can look forward to.

Rainbow’s focus is the Gakara Project in Burundi, one of the highest in situ vein
grade (47%-67% Total Rare Earth Oxide) rare earths projects globally and the only
African producer.

Rainbow Rare Earths Ltd began production of rare earth concentrates in Q4 2017 and
is currently ramping up to a targeted run rate of 5,000tpa by the end of 2018 and
6,000tpa by the end of 2019. Rainbow has a ten-year distribution and offtake agreement
with multinational thyssenkrupp Materials Trading secured for the sale of at least
5,000tpa of concentrate produced.

The Gakara basket is weighted heavily towards the magnet rare earths, including 
neodymium and praseodymium, which are driving demand and account for 70% of annual
global REE sales due to their use in vital components in motors, generators, wind
turbines, and electric vehicles.

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