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Altona Rare Earths Plc - Appointment of Broker
PR Newswire
APPOINTMENT OF BROKER
Altona (AQSE: ANR.PL), a mining exploration company with a focus on Rare Earth Elements mining projects in Africa, is pleased to announce the appointment of Optiva Securities Ltd ( Optiva ) as broker with immediate effect.
The Company has appointed a broker at this time, in-line with its planned application to the London Stock Exchange Standard market, where it will look to raise new funds for the rare earths mining exploration work it is committed to. The Company is hopeful that the LSE listing will take place in Q2 2021.
During the Quarter, the Company announced that it had appointed Wood Group to undertake a study into the establishment of an integrated rare earth processing facility in the UK with a view to creating the world s first sustainable magnet metal supply chain. Having progressed the design of the Longonjo project to include the production of a mixed rare earth sulphate, Pensana had the unique opportunity to explore the potential to make one further step downstream and to create additional value by establishing a rare earth oxide production facility in the UK. This was followed by the announcement on 8 December 2020 that the Saltend Chemicals Park in the Humber Local Enterprise Partnership, Yorkshire, had been selected as the proposed site to build the UK s first rare earth processing facility.
+44 (0) 207 466 5000 About Pensana (LSE:PRE) Pensana is a British company listed on the main Board of the London stock exchange committed to establishing the world s first fully sustainable mine to magnet metal supply chain. The heart of this commitment is a nationally significant rare earth chemical processing facility Pensana proposes to build at the Saltend Chemical Park in the Humber, Yorkshire. The project will generate high value manufacturing jobs in the Humber region and position the UK as a leading provider of products to power the European Green Industrial Revolution. Saltend is in a region with rich manufacturing heritage, skilled operators, strong government support and enviable logistics. It houses multinational companies including
Pensana Rare Earths Plc (LSE: PRE, ASX: PM8) is pleased to report high grade rare earths in soils from the first sampling programmes completed at its 7,500 square kilometre Coola Project located 16 kilometres north of its flagship Longonjo project in Angola. Also reported is the appointment of accomplished economic geologist Grant Haywood as Exploration Manager together with an update on recent site activities at the Longonjo.
· Assay results received from soil sampling over the Coola carbonatite identify a high tenor soil anomaly up to 4.69% REO extending over a 1.3 x 1.4 kilometre area.
· The highest REO values lie over the 3.2 kilometre perimeter of the carbonatite ring structure and are coincident with an outcropping circular carbonatite dyke.