UK rare-earth firm buys 10 Zim mining claims

It’s a group of minerals used in everything from LCD TVs to batteries and defence technology, but rare earth elements (REE) have barely had a mention in any talks about Zimbabwe’s mineral potential.

Now the acquisition of ten claims by an East Africa-focused UK firm could point to new interest in the country’s rare earths, a part of the country’s mineral resource whose prospect has gone largely unexplored, until now.

Rainbow Rare Earths Ltd (LON:RBW) 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.

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