Ngualla Rare Earth Project Funding Update
Perth, Sep 23, 2013 AEST (ABN Newswire) - Peak Resources Limited (
ASX:PEK) (PKRLY:OTCMKTS) wishes to provide an update on progress towards a funding transaction for the development of the Ngualla Rare Earth Project.
Since announcing the termination of negotiations with a possible cornerstone investor on 18 July 2013 after insufficient progress was achieved, the Company has received expressions of interest from several new potential funding partners. Peak remains in advanced discussions with a number of these parties.
Further details will be released as they become available.
Metallurgical test work at ANSTO Minerals solvent extraction facility near Sydney is nearing completion with the production of the fourth and final high purity separated rare earth oxide, a cerium product, expected shortly.
Contact
Peak Resources Limited
T: +61-8-9200-5360
F: +61-8-9226-3831
WWW: www.peakresources.com.au
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