Overview of Peak Rare Earths' bioavailability analysis results

Peak Rare Earths Limited (ASX: $PEK) has announced the results from bioavailability analysis undertaken on phosphate composite samples from the Ngualla Deposit. The analysis revealed that phosphate rock from the Northern Zone has 'high' bioavailability, supporting its potential use as a direct application fertiliser. The company is also exploring opportunities to co-develop other commodities within the Ngualla Deposit, complementing the Ngualla Rare Earth Project.

CEO's perspective on bioavailability results

The CEO of Peak, Bardin Davis, expressed satisfaction with the bioavailability results, emphasizing the future potential to develop phosphate from the Northern Zone. Davis highlighted the critical role of phosphate in enhancing agricultural yields in East and Sub-Saharan Africa and the company's view that the Ngualla Deposit can support a world-class, multi-commodity and multi-generational project.

Summary of Ngualla phosphate potential and market opportunity

The bioavailability analysis on phosphate rock from the Ngualla Deposit has shown promising results, indicating the potential for direct application fertiliser use. Peak Rare Earths is awaiting assay results from the Northern Zone to further define the extent of phosphate mineralisation. The company is also exploring the opportunity to supply phosphate rock into the Tanzanian and broader East African fertiliser market. With phosphate rock prices increasing due to rising global demand and the emergence of LFP EV technology, Peak aims to capitalize on the favourable pricing and macroeconomic backdrop. The ongoing discussions with strategic parties regarding the future supply of phosphate from Ngualla indicate the company's commitment to leveraging this market opportunity.