REG - Altona Rare Earths - Research Note

Altona Rare EarthsAnnouncement

15/10/2024 07:00

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RNS Number : 1312I  Altona Rare Earths PLC  15 October 2024

15 October 2024

 

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

Research Note

 

Altona (LSE: REE), a resource exploration and development company focused on
critical raw materials in Africa, announces that a new research note has been
published by Optimo Capital Ltd. It can be accessed by using the following
link:

 

https://www.optimocapital.co.uk/library-2
(https://www.optimocapital.co.uk/library-2)

 

To subscribe for RNS alerts, please join our investor hub on:
https://investors.altonare.com (https://investors.altonare.com)

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

 

-ends-

 

Altona Rare Earths Plc

Cedric Simonet,
CEO
+44 (0) 7778 866 108

Louise Adrian, CFO
 
+44 (0) 7721 492 922

 

Novum Securities Ltd (Corporate
Finance)
+44 (0) 20 7399 9400

David
Coffman

Daniel Harris

 

 

About Altona Rare Earths Plc

 

Altona is a resource exploration and development company focused on critical
raw materials in Africa. The Company is listed on the Main Market of the
London Stock Exchange with the ticker "REE".

 

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

 

The Company is currently developing 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 7,800m, and defined a
maiden JORC Mineral Resource Estimate of 13.6 million tons at 2.42% TREO. A
Competent Person Report including the Scoping Study for Monte Muambe was
published on 18 October 2023. The Project is now at Prefeasibility Study
stage, with a focus on metallurgical testing and process.

 

Altona is presently diversifying its portfolio by acquiring a limited number
of critical raw material projects to complement Monte Muambe. The acquisition
of the Kabompo South copper project in Zambia and of the Sesana copper-silver
project in Botswana represents the first steps towards the implementation of
this expanded strategy.

 

 

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