REG - Altona Rare Earths - Appointment of MRE Consultants

Altona Rare EarthsAnnouncement

22/06/2023 07:00

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RNS Number : 5724D  Altona Rare Earths PLC  22 June 2023

22 June 2023

 

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

APPOINTMENT OF KEY CONSULTANTS

FOR MRE AND SCOPING STUDY

 

Altona (LSE: REE), a resource exploration and development company focused on
Rare Earths in Africa, is pleased to announce that it has appointed Snowden
Mining Industry Consultants Pty Ltd ("Snowden Optiro") to prepare its maiden
JORC Mineral Resource Estimate ("MRE") and Scoping Study.

 

Snowden Optiro is an international geological and mining consultancy company
with experience in rare earth projects. It has recently prepared Mineral
Reserve statements for other major carbonatite-hosted rare earth mining
projects in Africa and Australia.

 

 

Cedric Simonet, CEO of Altona, commented, "Snowden Optiro is an
internationally recognised advisory firm covering the entire mining cycle,
with a solid reputation and an impressive track record on rare earths
projects. For Altona, ensuring compliance to international standards by
working with industry leaders is a must, and Snowden Optiro was an obvious
choice.

 

"We have now started to receive the assay results from the 2022 drilling
season, which will form the backbone of the MRE which we expect to announce in
late August."

 

-ends-

 

For more information on Altona and its current mining projects please visit:
www.altonaRE.com (http://www.altonaRE.com)

 

Altona Rare Earths Plc

Cedric Simonet,
CEO
+258 84 7824183

Christian Taylor-Wilkinson, Business
Development
+44 (0) 7795 168 157

 

Novum Securities Ltd

David
Coffman
+44 (0) 20 7399 9400

Daniel Harris

George Duxberry

 

Optiva Securities (Broker)

Daniel
Ingram
+44 (0) 20 3411 1882

 

Yellow Jersey PR (Financial
PR)
+44 (0) 20 3004 9512

Sarah Hollins

Annabelle Wills

Jazmine Clemens

 

 

About Altona Rare Earths Plc

Altona is a resource exploration and development company focused on Rare
Earths in Africa. The Company is listed on the Main Market of the London Stock
Exchange.

 

Rare Earths are a group of 17 chemical elements, many of which are critical to
the World's on-going transition from carbon-based to renewable energies, and
to the defence and communication sectors.

 

The Company currently focuses on the development of Monte Muambe, its flagship
Magnet Rare Earths Project, located in Northwest Mozambique. The project was
acquired in June 2021, and the Company has so far drilled over 7,000m, to
support its maiden JORC Mineral Resource Statement which will be published in
the Third Quarter of 2023.

 

Altona continues to take advantage of its position in Africa to assess other
possible Rare Earths opportunities on the Continent.

 

For more information visit: www.altonaRE.com (http://www.altonaRE.com)

 

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