Peak Resources (ASX:PEK) boosted by Tanzanian Minister’s comment
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Peak Resources (PEK) shares have spiked after a Tanzanian Minister made a comment regarding a subsidiary’s mining application
Minister Dotto Biteko revealed plans to issue another special mining licence to PR NG Minerals for the Ngualla Rare Earth Project
Peak Resources is aware of speculation that its SML application may have been considered at a recent Tanzanian Cabinet meeting
Despite the Minister’s comment, the company has not received any official confirmation that the Cabinet has considered approving its application