REG - Altona Rare Earths - Result of AGM

Altona Rare EarthsAnnouncement

27/11/2024 15:00

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RNS Number : 9051N  Altona Rare Earths PLC  27 November 2024

27 November 2024

 

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

RESULT OF AGM

 

Altona (LSE: REE), a resource exploration and development company focused on
critical raw materials in Africa, is pleased to announce that all resolutions
proposed at the Annual General Meeting held earlier today were unanimously
passed on a show of hands.

 

Below is a summary of the proxy votes submitted for each resolution.

 

 

 Resolution           For          Against  Withheld  Total*
 01                   45,470,177   10,610   10,062    45,490,882
 02                   45,480,226   610      10,013    45,490,882
 03                   45,480,226   610      10,013    45,490,882
 04                   45,480,177   610      10,062    45,490,882
 05                   45,479,781   1,055    10,013    45,490,882
 06                   45,069,781   411,055  10,013    45,490,882
 Total Voting Rights  163,015,866

 

* includes 33 votes at the discretion to the Chairman

 

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-ends-

 

Altona Rare Earths Plc

Cédric 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". The Company currently holds
copper, fluorspar and rare earths projects.

 

The Monte Muambe rare earths and fluorspar projects is 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, and a mining
licence is expected to be granted before the end of 2024. The Project is now
at Prefeasibility Study stage, with a focus on metallurgical testing for rare
earths extraction.

 

The Company is also assessing the possibility of rapidly putting in production
high-grade fluorspar veins occurring at Monte Muambe along the western margin
of the rare earth bearing carbonatite intrusion.

 

Altona is presently diversifying its portfolio by acquiring a limited number
of critical raw material projects to complement Monte Muambe. The acquisitions
of the Kabompo South copper project in Zambia and of the Sesana copper-silver
project in Botswana, located just 25 km from MMG's Khoemacau Zone 5
copper-silver mine, represent the first steps towards the implementation of
this expanded strategy.

 

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