Executive Summary
Located in South Africa, the mine boasts significant deposits of monazite, a mineral rich in REE’s essential for various industries such as electronics, renewable energy, and defense. Our business strategy emphasizes sustainable mining practices, technological innovation, and strategic partnerships to ensure long-term success.
- The orebody is globally considered to be the highest-grade rare earths resource in the world @ 14.5% RoM average grade contained TREO+Y2O3 (>90g/t gold equivalent).
- Reclamation, rehabilitation and construction phases have commenced with well-developed underground and surface infrastructure (~ZAR1B sunk costs).
- Relatively small-scale production volumes required due to exceptionally high average grade.
- The implemented optimization investigations will draw from advanced information from historical mining, processing, resource definitions and feasibility studies.
- An optimized techno-economic development plan is to be implemented to further improve efficiencies.
- The low-risk 3-stage development plan will require low initial capital and relatively quick production start-up to steady state.
- The mine is fully licensed to operate and fully compliant.
Current NI 43-101 Mineral Resource and Reserve Estimate
SMM and Mintek, South Africa’s national mineral research organisation together with Necsa, announce a landmark achievement in the country’s critical minerals sector: the successful production of high-purity Mixed Rare Earth products at Mintek’s laboratory facilities as critical feedstock to the global megatrends in energy transition, digital transition and medical applications.
Unique
17.99% Nd
Low Capex
Low Mining Capex – About 60% of the work to bring the mine into production has already been done
Key Features
Development strategy of the mine
Bora Mining Investments (BMI) has acquired shares in the Steenkampskraal Monazite Mine (SMM) for an undisclosed sum as a strategic partner and has invested through a constant provision of working capital in keeping the mine compliant and improving the onsite facilities. The partnership enabled operations to commence at the beginning of 2024 to bring the mine back into production during early 2025. A wholly owned subsidiary of BMI will provide the staffing and equipment to commence with the refurbishment, preliminary construction work and mining contract services.
BMI CEO and owner, Dr. Enock Mathebula, is a successful entrepreneur who has developed a group of companies focused on actively supporting the mining industry as contractors for underground, rehabilitation and surface mining operations. His contribution is immense with the provision of numerous social upliftment, training and mentoring programmes.
Our mining partners are a full-service underground and surface mining company specialising in integrated management solutions. Understanding client’s needs, they work to develop innovative approaches and apply high-speed methodologies to both development and production scopes.
Highlights
- 2024
- Bora Mining Investments (BMI) has acquired shares in the Steenkampskraal Monazite Mine (SMM).
- Bora Mining Investments provides working capital to keep th emine NAACAM a compliant and operational state.
- A wholly-owned subsidiary of BMI will provide the staffing and equipment to commence with the refurbishment, preliminary construction work and mining contract services.
- 2025
- An on-site laboratory has been completed which is used for: Refining the metallurgical and hydrometallurgical flow sheets; Training of select personnel for the planned maintenance facilities; and Improving efficiencies for the main plant design and operating costs through testing of feed to the MES.
- IDC funding is secured for the construction of the Phase 1 metallurgical plant.
- Obsideo commences procurement and delivery to site of the equipment required to perform the EPC metallurgical process.
- 2026
- The metallurgical plant is substantially completed with expected commissioning in August 2026.
- 1st approx 55% monazite concenytrate production for delivery to select clients is planned in Q4 2026.
TREO vs Value Comparison
Explanation of the below numbers and their significance.
Rare Earth
Element
Neodymium
Dysprosium
Praseodymium
Terbium
Gadolinium
Cerium
Erbium
Europium
Holmium
Lanthanum
Lutetium
Samarium
Thulium
Ytterbium
Yttrium
Rare Earth Oxides in
Contained TREO%
Potential Economic
Value
Co-products
Thorium 2.14%; Uranium 0.04%; Gold 0.50g/t; Silver 6g/t; Copper 0.80%
Find out more about our exciting rare earth project
Whether you are in the industry for years, just starting out, are looking to be part of our team or to get behind this exciting project, please utilise our contact page to message us and a representative will get in touch with you shortly.
We look forward to hearing from you!
