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Demand from customers sourced by our partners, thyssenkrupp Materials Trading ('TK'), for the Company's high-grade concentrate product was and remains very strong. All of the tonnes exported from Burundi during the period had been sold prior to the end of December 2018. This strong level of demand gives us confidence in seeking to rapidly increase the scale of our operations.

17 December 2018

Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)
Maiden JORC Mineral Resource Estimate

Rainbow, the rare earth element mining company, is pleased to announce a maiden Mineral Resource Estimate completed in accordance with JORC (2012) in respect of the Company's Gakara rare earths project in Burundi, East Africa ('Gakara' or 'the Project'), which is Africa's only producing rare earth mine.

Highlights

· Total Maiden JORC compliant Resource of over 1.2 million tonnes of ore covering a small fraction of the Gakara Project - confirming for the first time the scale of the deposit
· Three areas (Gasagwe, Murambi South and Gomvyi Centre) are very high grade vein stockwork deposits - totalling 12,491 tonnes of Total Mineral Resource at an average TREO grade of 55% (compared to average rare earth project grades of c.1-4% TREO)
· Kiyenzi is a very large, lower grade mineralised deposit with nearly 1.2 million tonnes Mineral Resource at an average grade of 2.2% TREO employing a cut-off of 1% TREO
· The Mineral Resource is based on only four out of the 28 mineralised prospects across Rainbow's existing Mining Licence - indicating significant further upside for future exploration
· The Exploration Target for very high grade vein ore (on a consistent 2016 basis) has increased by 70% following work undertaken across the deposit since IPO in January 2017
· Rainbow plans to rapidly bring Gomvyi Centre and Kiyenzi into production during 2019

Martin Eales, CEO of Rainbow, said: "We are pleased to announce the maiden JORC-compliant Mineral Resource Estimate for the Gakara project, on time and on budget. The Mineral Resource, which is based on only four out of the 28 identified targets within our licence, shows over 1.2 million tonnes of ore, a considerable deposit in its own right, and provides further evidence that the Gakara deposit is a world-class source of rare earth oxides.

"Three of the areas are high-grade vein stockworks, and include 12,491 tonnes of ore Resource at 55% TREO. These alone will provide over two years' head feed for our planned ramp-up to 5,000t concentrate, and we will of course continue to explore these deposits further.

"The Kiyenzi deposit has been confirmed as a very large, lower grade deposit, which ties in with the airborne and ground gravity results previously announced. The currently modelled deposit amounts to nearly 1.2 million tonnes of ore at 2.2% TREO, and may well be related to a carbonatite source. This deposit is open in all directions and is an extremely exciting prospect as it presents a new opportunity for Rainbow to further develop its mining and processing capabilities.

"These results will provide us with confidence in our ability to obtain near and medium-term sources of ore, but more importantly point to the existence of a truly unique deposit, which we will continue to explore in the future."

JORC 2012 Maiden Mineral Resource Estimate

Earlier

coffecups what is it???

"Will there be a share issue ? quite possibly at some stage we do have other exciting assets to explore... read what we will be getting from H/R prroduction."

dire pump and dump yesterday don't trust this firm one bit especially the management!

can see a takeover coming here soon

Martin Eales, CEO of Rainbow, said:
"The funding agreement with Pella provides working capital whilst the Company finalises its short term plans to finance the Company's planned investment for growth. Pella is the Company's founder and largest shareholder and is committed to supporting the Company to achieve its long term aims.

"Our project is exceptional and is one of the highest-grade mines of its type in the world. We have been working hard at developing a short-term strategy to: (i) maximise concentrate production from the high grade veins through the acquisition of new fit-for-purpose mining vehicles and the development of multiple mining areas; (ii) develop the upside potential of the large lower-grade Resource at Kiyenzi for future mining; and (iii) progress our investigation into the feasibility of further processing our concentrate, in order to significantly increase our economic participation in the rare earth value chain in the future."

Adonis Pouroulis, Chairman of Pella and of Rainbow said:
"Rare earths mining and processing remains one of the most significant medium-term opportunities in producing commodities for the future and in the last two years, Rainbow has proven that Gakara is a very special project which is deserving of continued support to enable it to achieve long-term sustainable positive cashflow at even the currently low basket price."

Adonis Pouroulis has a beneficial interest in Pella and therefore a beneficial interest in 23.5% of the Company's issued share capital. Rainbow shares are listed on the Standard segment of the Main Market of the London Stock Exchange and as such, Chapter 11 of The Listing Rules concerning Related Party Transactions does not apply to the Company. Notwithstanding this, Rainbow's Board, excluding Adonis Pouroulis and Robert Sinclair (as directors of Pella), has concluded that the terms of the loan are fair and reasonable.

buying squeeze could easily see this double on the slightest buying volume

Mcap £9 million wasn't this £45 million April 2018

And since then we know China has announced it will use rare earth minerals as a defence against USA tariffs

This could be about to explode even the name Rare Earth Minerals make this an easy buy here today

Rainbow Rare Earths is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa.

With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits. First production and sales to Rainbow’s offtake partner, thyssenkrupp Materials Trading, commenced in Q4 2017.

without doubt this rare earth minerals shortage globally isn't going away!

China holds the majority of the worlds large deposits.

This could be 25p before year end imo

Next RNS will be a placing watch and see probably 25% dilution

Terrible imo

still making large loss and operating expenses 1.65 million for what???
NET assets what exactly?
Cash running low!

Another placing coming IMO!
Lastly did anyone think it strange or engineered an ok RNS released minutes before a terrible results RNS wonder why that happened?

Financial highlights
? Revenue from gold sales of £0.89m (2017: £0.17 m)
? Administrative and operating expenses of £1.65m (2017: £1.06m)
? Cash of £0.44m (2017: £1.66m)
? Net loss of £0.74m (2017: £1.26m)
? Net assets of £10.71m (2017: £11.48m)

Coming very soon

Ride the wave

This is only going one way up £1 coming in a year

Signal:STAY LONG
Last Close:4.95
Change:-0.0500 Percent change-1.00%
Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 09/05/2019, 6 days ago, when the stock price was 4.84. Since then CHAR.L has risen by +2.27%.

Signal:STAY LONG
Last Close:27.25
Change:+0.2500 Percent change+0.93%
Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 10/05/2019, 5 days ago, when the stock price was 25.92. Since then BCN.L has risen by +5.13%.

was just thinking the same this is one of those rare AIM stocks tradeable on platforms like city index which interferes with volatility on small companies like BCN wouldn't affect the likes of BP ect to the same degree

52 Week High
92.50
52 Week High Date
5-JUL-2018
52 Week Low
12.50
52 Week Low Date
11-MAR-2019

astounded this isn't in the mid 40's

Lets not forget Mexico will be needing lithium for their car plants of the future I see Mexico being important for demand domestically in the future