Our Operation

Serra Verde is a large, long-life deposit containing an elevated proportion of high value heavy and light rare earth elements (REEs), primarily neodymium (Nd), praseodymium (Pr), terbium (Tb) and dysprosium (Dy) that are key to permanent magnet production. 

We have began commercial production at mine and processing plant in 2024. Phase I of the Pela Ema deposit is expected to produce at least 5,000 tonnes per year of rare earth oxide over a 25-year mine life. Serra Verde has offtakes in place for a large proportion of planned production with established processing companies. There is also potential to increase Phase I capacity through plant optimization and we are examining the potential for a Phase II expansion of the Pela Ema deposit that could double production by the end of the decade.

The operation is located in an established mining area with access to a skilled workforce and close to existing transport, renewable power, water and other infrastructure.

Serra Verde is an ionic-clay REE deposit, one of relatively few such deposits found outside of Asia. Ionic clays can be mined with low-cost open mining techniques and processed using simple technologies with no hazardous chemicals, crushing, milling, or acid leaching. As a result, our environmental impacts are lower than at other rare earth operations.  

Furthermore, the operation is located close to significant hydropower installations, providing the potential for access to reliable and clean energy.