Future Materials & Metals

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Afrimat Future Materials & Metals

The segment, established in 2022 comprises the Glenover Rare Earths and Phosphate project. This project, located in the Limpopo province of South Africa, is emerging as strategically significant, after the completion of the Rare Earth Project’s techno -economic assessment, confirming its potential as a low-cost, multi-product operation targeting Rare Earth Elements (“REEs”) products and high-quality phosphate for fertiliser production.

Key highlights:

High-value resource: Rare earth basket includes ~28% Neodymium and Praseodymium (Nd+Pr) (as a % of TREO), one of the highest ratios globally which is essential for permanent magnets used in EVs, and wind-energy applications
High-grade phosphate rock: Concentrate >36% P₂O₅ offers meaningful by-product revenue
Technical validation: >98% Mixed Rare Earth Oxide (MREO) produced
Multi-product, diversified revenue: Rare earths together with phosphate reduce exposure to commodity cycles and increase operational resilience
Early cash advantage: Existing stockpiles enable low-cost, early-stage production with reduced capital intensity

The outcomes of the concept study demonstrate that Glenover is well-positioned to capitalise on global thematic tailwinds in clean energy, advanced manufacturing, and critical minerals, while supporting Afrimat’s long-term vision of diversification and sustainable growth.

Considerable metallurgical and process development work has been successfully conducted, including test programs completed locally in South Africa and in China, Germany and the USA, to refine the flowsheets, maximise recoveries, and mitigate processing risks.
A key achievement to date is the production of >98% Mixed Rare Earth Oxide (MREO), demonstrating the project’s ability to produce high-purity rare earth intermediates suitable for downstream applications.

Glenover is uniquely positioned to become a strategic supplier in the global rare earth and phosphate, and potentially, battery chemistry markets.

Partner enquiries:

Grant Dreyer

Managing Director: Future Metals and Materials
rare-earths@afrimat.co.za

Glenover

The project area contains three minerals namely;

Phosphates for fertilizer production

Rare Earth Elements for various applications including technological advancements supporting the global energy transition

Vermiculite for various applications from industrial to horticultural (project currently on hold)

History

The Glenover Rare Earth Element (“REE”) and Phosphate Project (“the Project”) is an advanced development in Limpopo Province, South Africa, approximately 90km northwest of Thabazimbi. Gold Fields South Africa first discovered the Glenover deposit in 1953 and with conventional open-pit methods mined the apatite-hematite breccia for its high phosphate grade (+30% P₂O₅) between 1958 and 1984. Lower grade phosphate rock (+17% P₂O₅) was historically stockpiled.

Afrimat acquired Glenover in 2021. The Project owns a mining right covering 647 hectares and a SAMREC-compliant mineral resource (refer Table 11), which includes ~2.69Mt of stockpiled run-of-mine (“RoM”).

The geological complex comprises an oval-shaped body of pyroxenite and carbonatite, with a central core of apatite-hematite breccia that is richer in both phosphate and REE content compared to the carbonatite resource.

Table 1: SAMREC-compliant mineral resource


Zone / Source / Rock Type	Resource Class	Mt	TREO+Y2O3 (%w)	P2O5 (%w)
Apatite-Hematite Breccia	Indicated	7.41	2.20	17.6
Carbonatite	Indicated	9.37	0.86	3.5
TOTAL (Indicated Only)	–	16.78	1.45	9.71
Stockpiles	Indicated	2.69	1.94	22.2
TOTAL (Indicated & Inferred)	–	19.47	1.52	11.43

High-grade stockpiles are currently being processed with a conventional dry magnetic separation circuit to produce a +36% P₂O₅concentrate that is either sold as a phosphate rock concentrate or converted to a granulated single super phosphate fertiliser (“SSP”) on-site.

The by-product from this process is currently being stockpiled as Rare Earth feed material further enabling a low-cost start to the Rare Earth project.

Glenphos SSP

Powerful phosphate for profitable farming

Agricultural benefits

Commercial benefits

Enquiries

Office Number: 014 495 5151

Commercial

Marinus de Beer: 083 655 0129 - Email: marinus.debeer@afrimat.co.za

Green Construction: Afrimat Hemp

The team has been pioneering the development of the industrial hemp sector locally and across the border into Mozambique.

A major milestone is the Agrément Certification that was awarded to the business for its hempcrete building system.

This not only adds credibility to the product but will enable Afrimat Hemp to supply into the wider general construction market regulated by the National Home Builders Registration Council (NHBRC).

Visit the Afrimat Hemp website: