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Press Releases 2012

Kores Completes Acquisition of 10% Interest in Frontier Rare Earths' Zandkopsdrift Project for C$23.8 Million

Toronto, Ontario: Frontier Rare Earths Limited (TSX: FRO) (“Frontier” or the “Company”) is pleased to announce that Korea Resources Corporation (“Kores”), the Korean Government-owned mining and natural resource investment company, has completed the previously announced acquisition of a 10% interest in Frontier’s Zandkopsdrift rare earth project in South Africa (“Zandkopsdrift”), along with an off-take right and obligation for 10% of Zandkopsdrift rare earth production, by payment of a cash consideration of C$23.8 million. This acquisition makes Frontier the only […]

December 12th, 2012|Press Releases 2012

Frontier Rare Earths Provides An Update On Its Kores Joint Venture

Toronto, Ontario: Frontier Rare Earths Limited (TSX: FRO) (“Frontier” or the “Company”) is pleased to provide an update on the status of its strategic partnership agreement with Korea Resources Corporation (“Kores”), the Korean Government-owned mining and natural resource investment company.

On 23 October, 2012 Frontier announced a significant broadening of the scope of its strategic partnership agreement with Kores (the “Agreement”). Under the Agreement, Kores acquired an initial 10% interest in Zandkopsdrift, along with an off-take right and obligation for […]

November 27th, 2012|Press Releases 2012

Frontier Rare Earths Provides An Update On Its Zandkopsdrift Project And Other Corporate Activities

Toronto, Ontario: Frontier Rare Earths Limited (TSX: FRO) (“Frontier” or the “Company”) is pleased to provide a progress update on the Preliminary Feasibility Study that is being carried out at its Zandkopsdrift rare earth element project in South Africa (“Zandkopsdrift”) and on the Company’s other exploration, development and corporate activities.

Preliminary Feasibility Study Update
In March 2012, Frontier published a National Instrument 43-101 (“NI 43-101”) compliant Preliminary Economic Assessment (“PEA”) on Zandkopsdrift, the results of which confirmed the proposed development to be […]

November 7th, 2012|Press Releases 2012

Frontier Rare Earths And Kores Significantly Expand Strategic Partnership To Develop Zandkopsdrift Rare Earth Project

Highlights:

  • Kores option to increase its participation up to a 50% or equal interest with Frontier in Zandkopsdrift (see note 1), together with an off-take right and obligation for up to 50% of production from Zandkopsdrift
  • Kores to arrange project finance for entire Zandkopsdrift development on best available market terms
  • Kores to provide pro rata funding for the portion of Zandkopsdrift development costs not covered by the project finance
  • Kores to provide technical and operating experience for the design, construction and operation of […]
October 23rd, 2012|Press Releases 2012

Frontier Rare Earths Provides Update On Joint Venture With Kores – Negotiations At Advanced Stage On Significant Expansion Of Strategic Partnership Agreement

Toronto, Ontario: Frontier Rare Earths Limited (TSX: FRO) (“Frontier” or the “Company”) today provided an update on its strategic joint venture with Korea Resources Corporation (“Kores”), which is designed to advance the development of Frontier’s Zandkopsdrift rare earth project. Kores is a Korean Government-owned mining and natural resource investment company and has a mandate to ensure that Korean industry has access to strategically important mineral resources.

Background
In December 2011 Frontier and Kores signed a definitive strategic partnership agreement to advance […]

October 1st, 2012|Press Releases 2012

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