# Rainbow Rare Earths Ltd Q&A: Significant Exploration Upside at Gakara (LON:RBW)

- Link: https://www.directorstalkinterviews.com/rainbow-rare-earths-ltd-qa-significant-exploration-upside-gakara-lonrbw/412740742
- Published: 2017-11-24T12:42:48+00:00
- Author: Amilia Stone

**Rainbow Rare Earths Ltd** (LON:RBW) Chief Executive Officer Martin Eales caught
up with DirectorsTalk for an exclusive interview to discuss the significant exploration
upside at Gakara, the next steps for the company and first production & sales

 

**Q1: Some exciting news out today, could you talk us through what is was that was
actually announced?**

**A1**: Yes, of course. What we’ve announced today are the results of a helicopter-
borne aerial survey across our entire exploration license and what it’s identified
are four very interesting highly prospective anomalies from the analysed data.

Now, why are these exciting? It’s because what we’re mining, of course, are rare
earth veins across the deposit and geological theory has always postulated that 
the veins had emanated from a source and that source, for rare earths, is called
a carbonatite, it’s a little similar to a kimberlite pipe where diamonds are found,
it’s a large mass typically found under the surface that extends downwards.

The signals we’ve got from this aerial survey are highly encouraging and they certainly
warrant further investigation as soon as we can and that will involve drilling.

 

**Q2: What are the next steps for the company then, based on this?**

**A2**: As I said, as funds allow, we’ll embark on a drilling campaign of all these
anomalies plus something called Kiyenzi, on of our other prospective mining areas
within the deposit, that’s where we found, originally some years ago, some very 
very high-grade boulders, typically in the bottom of the valley from the hills.

The geologists always thought those boulders had been dislodged from vein material
or a deposit somewhere and what we did was called a gravity survey where you take
readings of what’s under the ground, effectively, on a very tightly-spaced basis.
That’s identified another quite large anomaly and this may be less a vein but a 
pool of material that has perhaps been caught by a geological feature of harder 
rock under the surface so that’s something else we’re very interested in and will
to drill as soon as funds allow.

 

**Q3: What can you tell us about first production and sales?**

**A3**: Well, it’s been a key part of our strategy as the market knows, we want 
to make that target of first production and sales by the end of the year, I am conscious
that we’re approaching the end of November so we’re nearly at the end of the year.
We are very close, we have been working effectively with the various institutions
of the government of Burundi and don’t forgot, although this used to be a mine, 
nobody sold any rare earth concentrate until 1978. So, there’s a bit of education
to do and we’re working very well through their process and the company hopes to
be able to announce that news very soon.

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