Altona Rare Earths plc said it had discovered high grade gallium mineralisation at Monte Muambe in Tete Province, northwest Mozambique. ECONOMICS The company intercepted gallium, of up to 232 g/t, along the entire length of hole MM039 located at the Northern End of the Fluorite Zone at target 6. The best intercept at MM039 was […]
Tag: Altona Rare Earths plc
Altona optimistic on fluorspar assays
Altona Rare Earths plc has received “very encouraging” assays from fluorspar ore samples collected last October from the fluorite zone at the Monte Muambe rare earths project in northwest Mozambique. PRODUCTION Returns of an average of 88.03% fluorite (CaF2) exceeded expectations given that the typical range for metallurgical grade fluorspar is 60 to 85%, the […]
Altona signs final agreement for Sesana
Altona Rare Earths plc has signed a final agreement for the Sesana copper project within prospecting licence PL2329/2023 in the Kalahari copper belt, Botswana. PERMITTING The deal allows the company to acquire up to 85% in the tenement currently owned by Ignate African Minerals (Pty) Ltd. Altona will make payments in three tranches over four […]
Altona continues investments as cash falls
Altona Rare Earths plc posted a fall in cash reserves as it continues to diversify its portfolio alongside investing in its flagship Monte Muambe project in Mozambique. VALUE Year results ended 30 June show a decrease from £1.1 million to £400,000 although offset by new loans totalling £900,000. Altona’s investments rose from £1.6m to £2.1m […]
Altona identifies IOGC prospectivity at Kabompo
Altona Rare Earths plc has identified prospectivity for iron ore-copper-gold (IOGC) mineralisation at its Kabompo South copper project in Zambia. GUIDE Geophysical and geochemical data assessment by Earthmaps Consulting confirmed “geophysical features typically associated with IOCG deposits” in the country. The licence is “largely underlain by iron-rich Hook granites” intruding low metamorphic Kundelungu Group sediments […]
Altona reviews fluorspar-diamond potential
Altona Rare Earths plc is reassess the potential for fluorspar production at Monte Muambe in Mozambique and for diamonds at its Zambia copper project. VEINS The move follows results from initial flotation rougher tests which included rare earths recovery of 69.3% and “good selectivity of rare earth minerals versus fluorite”. Legacy exploration mainly focused on […]