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Rare returns for magnet miners

London investors wanting pure rare earths exposure at least have more choices than a Ford Model T buyer: two, in the form of Rainbow Rare Earths and Mkango Resources.

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Rare heights: TSXV and AIM developer Mkango Resources put in over 10,000m of drilling at Songwe Hill last year

Rainbow is in production but struggling, and Mkango is funded through the bankable feasibility study stage but will only own 25% of its main project if all goes well.