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Peak Resources In Pre Open Ahead Of News Of Metallurgical Results

Peak Resources (ASX: PEK) has been granted a trading halt by the ASX pending the release of an announcement regarding significant metallurgical results.

The company has been undertaking an aggressive drilling campaign at its Ngualla Rare Earth Project in Tanzania where it continues to deliver exceptional results.

Ngualla continues to shape up as a low cost, long term rare earth project and is the fifth largest rare earth project outside of China.

Drilling in the Southern Rare Earth Zone continues to intersect wide zones of deeply weathered carbonatite, containing long intersections of above 5% Rare Earth Oxides (REO) mineralisation.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Friday 24 August.

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