TANTALUS RARE EARTHS

Operations

The focus of the Group’s operations is the TRE Project, situated on the Ampasindava Peninsula in north-western Madagascar. The project comprises an important, primary bedrock rare earth mineralisation and an extensive, secondary rare earth mineralisation at surface.

Through its wholly owned Malagasy subsidiary, Tantalum Rare Earth (Malagasy) SARL, TRE AG holds an exploration licence for a 300 km2 concession area, divided into 768 individual blocks.

To date, exploration works have identified the occurrence of rare earth elements, tantalum, niobium, zirconium and gallium as well as smaller quantities of hafnium, tin, silver and base metals.

Assay results indicate a relatively high ratio of the more valuable heavy rare earths, compared to other rare earths occurrences, of 21% of total rare earth oxides.

The project also benefits from low uranium and thorium content, reducing the risk of future environmental problems known to hamper development of similar REE projects.

TRE AG’s current exploration programme aims to define the different mineralised structures present on the concession towards a National Instrument 43-101 compliant mineral resource estimates and support a detailed feasibility study towards mine development and production.