Jan 31 (Reuters) - Peak Resources Ltd PEK.AX :
* COMMENTS ON NEWS ARTICLE PUBLISHED BY TANZANIAN CITIZEN DAILY NEWSPAPER TITLED "ROAD CLEARED FOR $200M INVESTMENT IN TWO MINES"
* CONFIRMS IT WAS NOT APPROACHED BY NEWSPAPER FOR COMMENT REGARDING ARTICLE, HOWEVER CO DOES NOT DOUBT ITS ACCURACY AND CONTENT
* CONFIDENT THAT APPLICATION PROCESS FOR MINING LICENCE FOR NGUALLA RARE EARTH PROJECT IS CLOSE TO BEING CONCLUDED