Peak Rare Earths Ltd - Company Profile
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Peak Rare Earths Ltd (Peak), formerly Peak Resources Ltd, is a mineral exploration company that develops the Ngualla project. This project is located approximately 147 km from the city of Mbeya in southern Tanzania. It includes cerium, lanthanum, neodymium, praseodymium, samarium, gadolinium, europium, yttrium, ytterbium, dysprosium, holmium, thulium, terbium, erbium and lutetium resources. As of June 2022, the Ngualla project had a total estimated mineral resources of 214.4 million tones at 2.15% Rare Earth Oxide (REO) for 4.6 million tones of contained REO. The mine has a life of 20 years. The company operates in Africa, Australia, and the UK. Peak is headquartered in West Perth, Western Australia, Australia.
Headquarters
Australia
Address
190 St Georges Terrace, , Mezzanine Floor, Perth, Western Australia, 6000
Website
peakrareearths.com
Telephone
61 8 92005360
No of Employees
2
Industry
Metals and Mining
Ticker Symbol & Exchange
PEK (ASX)
Revenue (2022)
$484,100
8016.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-29.3%
(2022 vs 2021)
Market Cap*
$39.4M
Net Profit Margin (2022)
XYZ
98.4%
(2022 vs 2021)
* As of and is in US$
Peak Rare Earths Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Cerium |
| Lanthanum |
| Neodymium |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In August the company entered into an agreement with Shenghe Resources Singapore for the Ngualla rare earth project in southern Tanzania. |
| 2023 | Contracts/Agreements | In April, the company entered into an agreement with Government of the United Republic of Tanzania for Ngualla Rare Earth project. |
| 2022 | Contracts/Agreements | In October, the company signed an agreement with Shenghe Resources to support the development of the Ngualla rare earth project in Tanzania. |
Competitor Comparison
| Key Parameters | Peak Rare Earths Ltd | Alkane Resources Ltd | Arafura Rare Earths Ltd | Energy Transition Minerals Ltd | Avalon Advanced Materials Inc |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Canada |
| City | Perth | Perth | Perth | Subiaco | Toronto |
| State/Province | Western Australia | Western Australia | Western Australia | Western Australia | Ontario |
| No. of Employees | 2 | 275 | 19 | 28 | 5 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Russell Scrimshaw | Chairman | Executive Board | 2022 | - |
| Bardin Davis | Chief Executive Officer; Director | Executive Board | 2021 | - |
| Philip Rundell | Chief Financial Officer; Secretary | Senior Management | - | - |
| Lello Galassi | Head of Development and Operations | Senior Management | - | - |
| Ray Anguelov | Head - Technical Services | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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