Altona Rare Earths said it expected to start during September at its Monte Muambe project in northwest Mozambique. LISTING The company added that groundwork operations had started ahead of schedule and on 31 August the project manager and his team were in situ. Exploration drilling is expected to begin before the end of September, in […]
Tag: Altona Rare Earths plc
Altona raises £1.25m from placing
Altona Rare Earths plc has raised £1.25 million before expenses from a “significantly over subscribed” placing. Funds raised will be used for evaluating and developing projects in Africa.
Altona appoints Luis Veloso as project manager
Altona Rare Earths plc has appointed Luis Veloso as project manager for the Monte Muambe project in Mozambique. Mr Veloso, aged 38, is a qualified exploration geologist and environmental technician, and a board member of the Mozambican Geology and Mine Association. He has worked in Mozambique for the past 12 years, including spending 18 months […]
Altona to start Monte Muambe rare earths exploration
Altona Rare Earths plc said it hoped to start its first exploration work by the end of September in Mozambique. FINANCE In its audited final results for the year ended 30 June 2021, the company also announced that expenditure totalled £733,000 (FY20: £225,985), reflecting Altona’s new strategy of investments into rare earths projects in Africa […]
Altona appoints Cédric Simonet as COO
Altona Rare Earths plc has appointed Cédric Simonet as chief operating officer with immediate effect. Mr Simonet became a non-executive director of the company in December 2020 before which he had been consultant geologist since July 2020. He is a French national who graduated from Universite Blaise Pascal with a Masters in Geology in 1995, and […]
Altona rules out Nankoma project
Altona Rare Earths plc has decided against exercising its option to acquire 51% of Leadway Group Ltd because it was unable to complete due diligence on the Nankoma project in Uganda. The company today said that Nankoma, a greenfield project, was considered a low-interest acquisition target by the board because there was no historical exploration data […]