Frontier Rare Earths - TSX: FRO / US: FREFF is an exploration and development company principally focused on rare earth projects in Southern Africa.
The company’s flagship asset is the Zandkopsdrift rare earth deposit located in the Northern Cape Province of South Africa. It is one of the largest, code compliant rare earth deposits under development worldwide. Zandkopsdrift’s favourable location and geological setting are expected to provide significant advantages in relation to capital, operating costs and development time.
In December 2011, Frontier signed a definitive strategic partnership agreement with Korea Resources Corporation (“Kores”) focused on the financing and development of Frontier’s Zandkopsdrift. Under this agreement Kores acquired an initial 10% stake in Zandkopsdrift together with an offtake right and obligation for 10% of Frontier’s Zandkopsdrift rare earth production.
Frontier is positioned to become one of the largest western producers of separated rare earth oxides globally.