Altona Rare Earths plc posted a fall in cash reserves as it continues to diversify its portfolio alongside continued investment in its flagship Monte Muambe project in Mozambique. INVESTOR Year results ended 30 June show a decrease from £1.1 million to £400,000 although offset by new loans totalling £900,000. Altona’s investments rose from £1.6m to […]
Tag: Sesana – Northwest District – Botswana
Altona exercises Sesana option
Altona Rare Earths plc has exercised its option to acquire up to 85% in the Sesana copper-silver project within PL2329/2023 in Botswana’s Kalahari copper belt. COMPANY MOVES The company and vendor Ignate African Minerals (Pty) Ltd are expected to sign the final agreement shortly. Altona said that activities relating to Botswana environmental and administrative processes […]
Altona secures more time for Sesana option
Altona Rare Earths plc has agreed a further extension to the Sesana copper option in Northwest District, Botswana. The binding agreement for the PL2329/2023 is valid for copper, cobalt, gold, silver, lead, zinc, aluminium, chromium, iron, titanium and platinum group metals. The company has extended the exclusivity period with Ignate African Minerals Ltd until 15 August […]
Altona extends Botswana option period
Altona Rare Earths plc has extended the exclusive period to 17 July for the Sesana copper-silver option in Botswana. FUNDRAISE In April the company signed a binding agreement with Ignate African Minerals Ltd for PL2329/2023, which lies in the heart of the Kalahari copper belt. The licence is valid for copper, cobalt, gold, silver, lead, […]
Altona signs Botswana copper-silver option
Altona Rare Earths plc has signed a binding option for the Sesana copper-silver exploration project within PL2329/2023 in the Northwest District of Botswana. FORMATIONS The agreement with Ignate African Mining P/L follows the company’s Zambia metals-diamond acquisition in March as part of its diversification strategy. Sesana lies in the heart of the Kalahari copper belt […]