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Rainbow shines on Phalaborwa MRE

Shares in LSE-listed Rainbow Rare Earth climbed on Thursday after the company released a maiden mineral resource estimate for its Phalaborwa project in South Africa.

Rainbow shines on Phalaborwa MRE Rainbow shines on Phalaborwa MRE Rainbow shines on Phalaborwa MRE Rainbow shines on Phalaborwa MRE Rainbow shines on Phalaborwa MRE

Gypsum stacks at Rainbow Rare Earth’s Phalaborwa project in South Africa

The JORC compliant numbers showed an inferred MRE of 38.3 million tonnes, higher than the 35Mt expected from the project's gypsum stacks.
 
Grade was slightly lighter than expected at 0.

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