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Wits Gold award

MDM is awarded PEA for Namibia Rare Earth's Lofdal Project

23 May 2014

MDM Engineering Group Limited (AIM: MDM), the minerals process and project management company focused on the mining industry in Africa, is pleased to advise that it has been awarded the Preliminary Economic Assessment (“PEA”) for Namibia Rare Earths Inc.’s (“NRE”) Lofdal Rare Earth Project in Namibia (“Lofdal”).

Lofdal has been developed over a very short period of time since the recognition of the mineral district in 2008, to the discovery of the heavy rare earth enriched zones in 2010. The delineation of a first mineral resource in 2012 followed by the preliminary indication that a xenotime concentrate can be produced from Lofdal and that thorium can be removed marked significant milestones. The potential of Lofdal to host a number of new rare earth deposits, and in particular, deposits with exceptional heavy enrichment, is the essence of the project opportunity with NRE.

MDM has been awarded the next phase of work and will complete a 43-101 compliant PEA.

Kevin Stock, MDM GM Proposals said:
“The MDM team are confident in being able to deliver the PEA in accordance with Namibia Rare Earths expectations and look forward to continuing our successful working relationship for a long time to come.”


MDM Engineering Group Limited

Martin Smith (CEO)
George Bennett (Executive Director)

Tel: +27 (0) 11 993 4300

Canaccord Genuity Limited
NOMAD and Broker

Neil Elliot
Chris Fincken

Tel: +44 (0)20 7523 8000

Tavistock Communications
Financial Public Relations and Investor

Emily Fenton
Jos Simson

Tel: +44 (0)20 7920 3150

Namibia Rare Earths Inc. (TSX:NRE) is a Canadian public company listed on the Toronto Stock Exchange which is focused on the accelerated development of its 100% held Lofdal Rare Earth Project in Namibia.



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