Choose your country

Or view all businesses for sale



Rare Earth Mining Project Mining Right Approved For Sale

North - West, South Africa
Asking Price:
Sales Revenue:
Cash Flow:

This is an opportunity to evaluate an extremely attractive Rare Earth Mining Project, with a Mining Right in place, for a minimal upfront cost.

The Seller has formal DMR approval of a Mining Right over 299.7 hectares to “mine and dispose of rare earth, diamond (general), dimension stone, uranium ore and unspecified minerals”.

A Geological survey has been conducted on the Mining Right area by both Africa Geo-Environmental Services (Pty) Ltd and North West University, assessing the potential geological resources and estimated quantity of minerals of this property and an adjacent property. The following are the resultant in-situ estimates to be present on both properties (with the outcrop covered in the Mining Right Property):
• 66,700 tons of REEs
• 5,000 tons of Uranium
• 9 tons of Gold
A S102 application has been made to include the adjacent property in the Mining Right.

The Seller is looking for an Investor on the following proposed basis (although other proposed structures will be considered):
• Firstly, to arrange the guarantee of R1.7 million required in terms of the Mining Right as well as paying R200k (non-refundable) to the Seller to cover various costs.
• The Investor will then have an 8 months period in which to undertake their due diligence. Due diligence costs and the making good of any related activity on the Property will be for the Investor’s account. Should the Investor decide not to enter Phase 2 then the Seller will request that the DMR guarantee be released by the DMR to the Investor.
• Further costs in connection with the Mining Right up to the date of the Investor formalising participation eg EMP, water use licences, mining works programmes, surveyor diagrams etc are for the Seller’s account.
• Provided the Buyer/Investor is satisfied with its Due Diligence then the Seller will sell 55% beneficial interest in the Mining Right to the Investor for U$ 6 million. The Investor will be required to fund the mining capital in its entirety and the Seller will further retain a small royalty of total annual gross profit of operations.

Other Information

Related Documents:

Contact Aldes Accolade

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here