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 began commercial production at our mine and processing plant in 2024 and we will produce 6,400 tonnes a year of rare earth oxides, by the end of 2027 over a 25-year mine life. The large, defined resource could facilitate a doubling of run-of-mine production before the end of this 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.

Due to the shallow and soft nature of our ionic clay deposit we do not use intensive mining techniques deployed in hard rock deposits, so our mining and processing operations have a much lower impact and do not generate wet tailings.

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