Harena Resources Pre-Feasibility Update for the Strategic Rare Earths Development in Madagascar

Harena Resources (LSE:HREE) has announced an update on its Pre-Feasibility study work on its 75% owned Ampasindava Rare Earths Project in Madagascar.

Work on the mining plan is now well advanced for cost and logistics modelling ahead of the next phase of project development, which will include strategic partnerships for Ampasindava.

In this interview with Managing Director Joe Belladonna, investors will learn:

- What underpins the company’s confidence in completing the Pre-Feasibility study for submission in 3Q25

- How Harena’s indicative operating and capital costs compare to its peers in the rare earths mining sector

- How the Company plans to leverage ocean-based logistics to enhance capital efficiency

- Why Madagascar is a superb mining jurisdiction with internationally recommended industry professionals available for hire

- How the company’s sensitive and responsible approach to sourcing critical minerals futureproofs its ongoing exploration strategy

- What discussions with potential partners from Asia, Europe and the US are currently taking place

Reasons to add HREE to your Watchlist:

- Experienced management team with significant holdings in HREE

- Post RTO of Citius Resources in March 2025, HREE is the only LSE-listed ionic clay REE project with :

- 75% ownership of the Ampasindava Project in Madagascar with an option to own more of the asset

- Ampasindava is a major ionic clay rare earth deposit with a 698Mt JORC-compliant resource

- Ampasindava contains the key elements of NdPr (67%), DyTb (30%) essential for high-performance materials for EVs, wind turbines and defence

- Offtake term sheet secured with US-based United Rare Earths

- Strong investment dynamics due to rising international tensions and security of supply issues with China

- Demand for rare earth elements is outpacing supply and geopolitical factors are influencing prices

- Harena is advancing Pre-Feasibility Study, Environmental & Social Impact Assessment, and strategic partnerships to support future production

- Committed to a zero-harm environmental model utilising an ESG-compliant, simple mining process

Joe Belladonna, Managing Director of Harena Resources was interviewed by Sarah Lowther for focusIR.