Altona Rare Earths plc said the final Phase I assay results showed significant rare earth element (REE) levels at its Monte Muambe light REE project in northwest Mozambique. PROGRAMME Monte Muambe is a 4km diameter circular carbonatite intrusion in Tete Province, where the company began an initial drilling programme in October 2021. The company focused […]
Tag: Monte Muambe – Tete Province – northwest Mozambique
Altona to start phase II drill at Monte Muambe
Altona Rare Earths plc said it would start Phase II drilling following positive exploration results at its Monte Muambe project in Tete Province, northwest Mozambique. PHASE I The company’s prospecting licence 7573L covers a 4km diameter circular carbonatite intrusion. Phase I cost £580,000 with results from three drill holes and samples from multiple drill sites […]
Altona expects drill results for Monte Muambe
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 […]
Altona to drill at Monte Muambe
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 […]
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 […]