Peak Resources: Appointment of Project Manager for the Ngualla Scoping Study

May 1, 2012 (Source: Peak Resources) — Peak Resources  (ASX:  PEK,  “Peak”)  is  pleased  to  announce  the  appointment  of Emerson Stewart Consulting  Group Limited  as the Project Manager to conduct the Scoping Study for the development of  the Company’s  Ngualla  Rare Earth  Project  in Tanzania into an operating mine.

Emerson Stewart Consulting provides  project management and delivery,  engineering, environmental  and  specialist consulting services to  their  blue chip clients across the resources, infrastructure and energy sectors.

The Scoping Study’s  objectives  are  to  provide  for  a  preliminary  economic  assessment for the development of the rare  earth  Mineral  Resource in  the Southern Rare Earth Zone (SREZ) and the South West  Alluvial  Zone  into  an  economic  operation  producing rare earth products. The Study will address  the optimization of  the production stream  in delivering rare earth products to customers.

A key component of the Scoping Study will focus on defining the specification of the end products that will be  primarily influenced by the metallurgical process flow sheet and technical input from potential off-take customers.

Fundamental to the optimization of the project will be the determination of the production rate for start-up operations, the market capacity, operating and capital costs and the available tonnes and grade from the resource.

The Study will  also  address the legal,  commercial, environmental,  and  occupational health and safety requirements of the social licence to operate.

This next phase of the Ngualla development will add to the program of works alongside the resource drilling and the metallurgical test work to fast track and bring the project into production under the current schedule for early 2016 (Figure 1).

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