Frontier Rare Earths
Frontier Rare Earths (TSX: FRO) is an exploration and development company principally focused on rare earth elements in Southern Africa.
Frontier’s flagship asset is the Zandkopsdrift rare earth deposit, which is located in the Northern Cape Province of South Africa and is one of the largest, code compliant rare earth deposits under development worldwide.
Zandkopsdrift’s favourable location and geological setting are expected to provide significant advantages in relation to capital costs, operating costs and development time compared to other rare earth projects currently being evaluated, and makes Frontier well positioned to become one of the largest western producers of separated rare earth oxides globally.
Read on for more information on Frontier.
In December 2012, Frontier completed a major strategic partnership agreement with the South Korean Governmentsigned through Korea Resources Corporation (“Kores”) focused on the financing and development of Frontier's Zandkopsdrift rare earth project in South Africa (“Zandkopsdrift”) .Under this agreement Kores acquired an initial 10% stake in Zandkopsdrift together with an offtake right and obligation for 10% of Frontier’s Zandkopsdrift rare earth production.
As rare earths are critical raw materials needed to support Korea’s high technology industry and future economic growth, the Zandkopsdrift project is a strategic priority project for both Kores and Korea.
Read on to see full announcement…