Kendrick secures exclusive option over high-grade rare earth licences in Namibia

 

Kendrick secures exclusive option over high-grade rare earth licences in Namibia London-listed Kendrick Resources has entered into a binding and exclusive option agreement to acquire at least a 70% interest in two rare earth exploration licences in southern Namibia, giving the company until May 19 to evaluate their potential before deciding whether to proceed with a full acquisition. The mineral exploration and development company said the option agreement was signed with Bonya Exploration to assess the prospectivity of mining rare-earth elements (REEs) on the EPL 4458 and EPL 6691 licences. The exclusivity period runs for 120 days and may be extended with Bonya’s consent. Kendrick secures exclusive option over high-grade rare earth licences in Namibia rare earth minerals business,breaking