A total 13.6 million tons at 2.42% total rare earth oxides (TREO) has been recorded in the inaugural mineral resource estimate (MRE) for the Monte Muambe project in northwest Mozambique. FAST TRACK Altona Rare Earths plc’s JORC compliant MRE, using a cut-off grade of 1.5%, includes 0.31% NdPrO representing 42,500 contained tons of neodymium and praseodymium […]
Tag: Monte Muambe – Tete Province – northwest Mozambique
Altona intercepts record high grades
Altona Rare Earths plc intercepted record high grade ore with more confirmed on targets at the Monte Muambe project in Tete Province, northwest Mozambique. TARGET POTENTIAL The company has to date drilled 10 reverse circulation holes for a total 790 metres. Interceptions include 76m at 3.426% total rare earth oxides (TREO) from surface at target 4, […]
Altona joins mining lobby group in Mozambique
Altona Rare Earths plc’s subsidiary, developing the Monte Muambe project, has joined the Chamber of Mines of Mozambique (CMM). ADVOCACY Founded in 2012 by a number of large international miners, CMM co-ordinates private sector mining companies in the country and represents their interests to the government. The organisation also aims to improve the image of […]
Altona to drill target orebody at Monte Muambe
Altona Rare Earths plc is due to drill one of two orebodies with results to be included in the inaugural JORC mineral resource estimate (MRE) for the Monte Muambe project in Mozambique. TARGETS The company expects to resume drilling on or around 15 July, with Spartan Drilling Services Limitada conducting operations. The programme will initially […]
Altona raises £2m ahead of main market trading
Altona Rare Earths plc has raised £2 million in a placing and subscription ahead of starting to trade on the main market of the London Stock Exchange. The company raised £1,677,300 via a placing and £322,700 through a subscription with the issue of 40 million new ordinary shares each at 5 pence. Altona said it […]
Altona nears trading on main market under new CEO
Altona Rare Earths plc has appointed a new chief executive officer ahead of the company’s proposed admission on 9 June 2023 to trade on the main market of the London Stock Exchange. CORPORATE CHANGES The company today announced it had published its prospectus for admission and also completed a £2 million fundraise. Christian Taylor-Wilkinson will […]