Peak Rare Earths

Peak Resources has signed a non-binding finance agreement that should see it fully-funded to production at its Ngualla rare earths mine in Tanzania.

Junior mining stocks Orinoco Gold and Peak Resources have bolstered their coffers with capital raising that will raise a total of $6.1 million.Orinoco Gold has raised $3.6 million before costs through a share placement of 14.5 million shares at 25 cents.

Peak Resources has released a revised scoping study for its Ngualla rare earth project in Tanzania, which flags significant reductions in costs and an option to double planned production from the mine.

Darren Townsend has been appointed managing director of Tanzanian minerals explorer Peak Resources.Mr Townsend was most recently president of TSX-listed Pacific Wildcat Resources Corp, and is a former general manager of the tantalum mine at Wodgina.

Is $1,500 per day plus all reasonable expenses a good rate of pay for the top executive at a junior mining company in the midst of a cost-cutting drive? Read Business News' latest quarterly salary survey to learn more.

Peak Resources has secured a $28.6 million funding deal with mining and metals equity investor Appian Natural Resources Fund, to assist in financing a bankable feasibility study at its Ngualla rare earth project in Tanzania.

Peak Resources says it has received an investment proposal from International Finance Corporation, which wants to join a consortium with Appian Natural Resources Fund in its $US25 million funding deal.

Peak Resources has appointed engineering firm Amec Foster Wheeler for its Ngualla rare earth project in Tanzania after locking in a $5 million interim loan.

Western Australia has an opportunity to break the Chinese stranglehold on the rare earths industry, but the state needs a success story to build investor confidence.

SPECIAL REPORT: The potential for mass production of electric cars is among a number of high-technology trends sparking interest in Western Australia’s lithium sector, with a series of companies touting projects to meet a forecast surge in demand.

Jonathan Murray has been appointed as a non-executive director of Vietnam Industrial Investments. Mr Murray is a partner at Steinepreis Paganin, and a non-executive director of Peak Resources and Hannans Reward.

Yan Lui has resigned from his positions of chief executive officer and Trinidad general manager at Range Resources. Mr Liu will remain on the board of director as a non-executive director. Joshua Wellisch has resigned as a non-executive director of Dakota Minerals.

Rare earths miner Peak Resources plans to restructure its funding arrangements to increase its stake in the Ngualla joint venture, with a $7 million capital raising put forward to investors.

Peak Resources has progressed its majority owned Ngualla rare earth project in Tanzania with the release of a bankable feasibility study today, which revealed a development capex of $US356 million ($A475 million).

Six local resources companies have announced capital raisings of around $26 million for projects including in lithium and rare earths, with one of the businesses, Okapi Resources, planning to join the ASX bourse.

Mining executive Darren Townsend has left the top job at Peak Resources to become the chief development officer at Neometals, though he will continue at Peak as a non-executive director.

Chris Evans has been appointed chief operating officer, a newly created position, at Altura Mining. He has been Altura’s general manager of operations since July 2015.

David Hammond has been appointed chief operating officer and director of Rift Valley Resources. Mr  Hammond has over 28 years of technical, resource definition and project development experience in Africa, Australia and South America.

ResApp Health, a digital health company developing smartphone applications for the diagnosis and management of respiratory disease has appointed Nathan Buzza as non-executive director.

Noel McAuliffe has been appointed chief financial officer and company secretary of Birimian. He replaces Nick Longmire who has served in those roles on a part-time basis since November 2017.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Centaurus Metals’ chief financial officer, John Westdorp, has taken over the role of company secretary from Paul Bridson.

Our board moves wrap includes Brent Cook, Neil Norris, Peter Meurer, Anthony Pearson, and Robert Sennitt.

Our board moves wrap includes Phil Schwan, Charles Ramsden, and Rocky Smith.

Our board moves wrap includes Dimitri Bacopanos, Anthony Pearson, Bardin Davis, Andrea Sutton, and Jason Greive.

Our board moves wrap includes Juan Santamaria, Marcelino Fernandez Verdes, Adolfo Valderas, Angel Muriel, Dale Ginn, Robert Jewson, Phil Warren, Mark Ewing, Greg Boulton, David Turvey, Craig Hart, Richard Little, Sean Gregory, Robert Klug, Abdullah Mwinyi, Jessamyn Lyons, Julia Beckett, Shaun Menezes, and Ian Hobson.

Today's board moves wrap includes Daniel Madden, Philip Rundell, Graeme Scott, Matthew Foy, David McEntaggart, and Anil Sabharwal.

Today's board moves wrap includes Wilson Lim, Bruce McFadzean, Bradley Marwood, Anthony Rovira, Trevor Benson, Brett Dickson, Jonathan Murray, Dev Shetty, Tara Robson, and Phillip Coulson.

Our board moves wrap includes Brad Adams, Rob Jorden, Giselle Collins, Rebecca Morgan, Jonathan Murray, Leon Kemper, and Richard Davis.

Our board moves wrap includes Phillip Gallagher, Jean-Sebastien Boutet, Alistair Cowden, Brett Fraser, Mike Sutton, David Greig, Russell Scrimshaw, Tony Pearson, and Bardin Davis.