22rd December 2016
$1.8 million received for 2015/2016 R&D rebate
Peak Resources Limited ("Peak"; ASX Code: PEK, or the "Company") is pleased to announce receipt of the research and development (R&D) rebate for work completed in developing the metallurgical process for the Ngualla Rare Earth Project in Tanzania.
The rebate amount of $1.8 million was received for the 2015/2016 financial year claim. These funds will be applied towards the completion of the Bankable Feasibility Study for the Ngualla Project expected to be completed late in the first quarter or early second quarter 2017.
For and on behalf of Peak Resources Limited. Darren Townsend
Managing Director
Peak Resources Limited Ground Floor, 5 Ord Street, West Perth, Western Australia 6005. PO Box 603, West Perth 6872.
ASX: PEK ACN 112 546 700
Telephone: +61 8 9200 5360 info@peakresources.com.au www.peakresources.com.au Company Secretary: Graeme Scott
Non-executive Chairman: Peter Harold Managing Director: Darren Townsend Technical Director: Dave Hammond Non-Executive Directors: Jonathan Murray & John Jetter