Altona Rare Earths plc said it expected results by the end of March 2022 from its Phase I exploration drilling at the Monte Muambe project in the Tete Province, northwest Mozambique. PHASE I The company completed 43 holes totaling 3,131m across six targets within the licence area in late November. Following preparation, the reverse circulation […]
Tag: Altona Rare Earths plc
Altona continues application to LSE main market
Altona Rare Earths plc said that, following the Financial Conduct Authority (FCA)’s recent change in policy, it could still continue its application for admission to the London Stock Exchange (LSE)’s Main Market. MINIMUM MARKET CAPITALISATION The company added that as a result of the policy statement, from 3 December 2021, all companies seeking to list […]
Altona CEO in shares purchase
Altona Rare Earths plc announced that on 1 December 2021 its chief executive officer purchased on the open market 66,560 new ordinary shares at a price of 11.3 pence in the company. Christian Taylor-Wilkinson now holds a total interest in 1,912,371 shares, or 6.3% of the enlarged share capital of the company.
Altona completes 2021 drill at Monte Muambe
Altona Rare Earths plc announced it had completed on time and within budget its 2021 drill programme at its Monte Muambe project in Mozambique. PHASE I The company drilled five diamond drill holes for 590 metres and 38 reverse circulation holes for 2,441m. Altona tested the lateral extension of known REE mineralisation in the crater […]
Altona appoints Hilton Banda as NED
Altona Rare Earths plc has appointed Hilton Banda as a non-executive director with immediate effect. Mr Banda, aged 35, is a qualified geologist and group chairman of Akatswiri Holdings Ltd in Malawi. Akatswiri is the parent company of a number of resources focused companies including Akatswiri Rare Earths Pvt Ltd, in which Altona acquired a […]
Altona agrees 51% acquisition of Chambe
Altona Rare Earths plc has entered into an agreement to acquire an initial 51% interest in the Chambe rare earths project in Malawi. CHAMBE LICENCE The news follows the start of exploration diamond drilling of four holes and reverse circulation drilling of 35 holes for total 3,000m across six targets at the company’s other project […]