Rare Earth Mining Project
Development / Phase 1 Funded
2026
New-order mining right secured for the highest-grade monazite deposit globally (50% TREO).
DFS confirmed 28-year mine life and on-site monazite cracking plant.
Industrial Development Corporation of South Africa released funding for Phase 1 metallurgical implementation in September 2025.
On-site monazite cracker and initial processing infrastructure under construction.
Underground mine re-entry and ore extraction following Phase 1 completion.
First commercial monazite production from the Western Cape underground operation.
IDC (Industrial Development Corporation of South Africa) released funding for Phase 1: Metallurgical Implementation in September 2025. Highest-grade monazite deposit globally (50% TREO). 28-year mine life.
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