Metals & Minerals News

Altona to increase Mozambique REE share

Altona Rare Earths plc said completion of its Phase I work programme had satisfied one of the terms required to increase its holding in Monte Muambe Mining Lda (MMM) at the Monte Muambe project in Mozambique. INCREASED HOLDING The company is in the process of receiving approval from the Mozambique government, after which it will […]

Equipment & Logistics Metals & Minerals News

Altona results show high levels of Monte Muambe NdPr

Altona Rare Earths plc reported “significant” total rare earth oxide (TREO) grades including high levels of neodymium-praseodymium (NdPr) at Monte Muambe project in Tete Province, Mozambique. TARGET DRILLING Since February, Altona has collected and assayed more than 1,700 soil samples, refining the orebodies boundaries and identifying four new, rare earth element (REE)-rich drilling targets. Results […]

Finance Metals & Minerals News

Power Metal subsidiary in Australia raises £1.1m

Power Metal Resources plc said its subsidiary First Development Resources Ltd (FDR) had raised £1,125,000 ahead of planned listing in Q3 2022 on the London capital markets. FDR FDR is focused on gold-copper, uranium-rare earth element and potential lithium targets in Western Australia’s Paterson Province and the Northern Territory. Money raised will allow FDR to self-finance its operations including IPO listing advisory […]

Metals & Minerals News

Kavango-Power Metal intercept main target at Ditau

Kavango Resources plc said it had appeared to have intercepted the magnetic anomaly at the projected target depth at the rare earth element-base-precious metals project at Ditau Camp in Botswana. TARGET i10 The 50-50 joint venture, under the name of Kanye Resources plc, is between Kavango as the operator and Power Metal Resources plc. Kavango […]

Finance Metals & Minerals News

Kavango-Power Metal expand exploration at Ditau

Kavango Resources plc has started a second drill hole and expanded its exploration programme at Ditau Camp rare earth element (REE)-base metals joint venture (JV) in Botswana. JOINT VENTURE The 50-50 project comprises the operator and Power Metal Resources plc, as Kanye Resources. The JV holds two prospecting licences of PL169/2012 & PL010/2019, covering 1,386km2 […]

Metals & Minerals News

Altona assays show ‘significant’ Monte Muambe REEs

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 […]