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Panda Hill Niobium Project, Mbeya

Producer of

Ferroniobium

Ownership

Panda Hill Tanzania (PHT) joint venture (JV): Cradle Resources (50%) and Tremont Investments (50%)

First Production Expected

Mid-2018

Reserves

Measured, indicated and inferred resources: 178Mt grading 0.50% Nb2O5, containing 891,000t of Nb2O5

Estimated Investment

$195.6m
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