(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Altona Rare Earths PLC - Mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Expects flotation results from Monte Muambe prefeasibility study in the second quarter of 2024. PFS activities for Monte Muambe are underway and currently focused on advanced metallurgical testing, it says. Chief Executive Officer Cedric Simonet said: "To complement Monte Muambe, we are looking to build a balanced portfolio of carefully selected critical raw materials projects across different African countries." Read More
Altona Rare Earths PLC - Mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Receives formal regulatory approval from Mozambique's minister of Mineral Resources & Energy for the increase of its holding in Monte Muambe Mining Ltd to 51% from 20%. Monte Muambe is the Mozambican subsidiary holding the prospecting licence encompassing the Monte Muambe project. Chief Executive Officer Cedric Simonet says: "The speed with which approval was granted by the ministry shows the level of support our Monte Muambe project has." The project is located in the Tete province of northwestern Mozambique and has a surface area of 39.4 square kilometres. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Altona Rare Earths PLC on Thursday said its subsidiary Monte Muambe Mining Limitada lodged an application for a mining licence at its Mozambique project. Read More
Altona Rare Earths PLC - mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Increases holding in Monte Muambe Mining Limitada from 20% to 51%. MMML is the Mozambican subsidiary holding the prospective licence encompassing Altona's flagship Monte Muambe project, located in northwestern Mozambique's Tete Province. Transfer is subject to final approval by Mozambique's Minister of Mineral Resources & Energy. The news follows successful completion in mid-October of Phase 2, a scoping study which indicated an average yearly production of 15,000 tonnes of mixed rare earth carbonate at an average price of USD13,558.40 per tonne. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Altona Rare Earths PLC on Wednesday said the results of the scoping study for its Monte Muambe rare earths project in northwestern Mozambique were positive and indicated the project's potential. Read More
Altona Rare Earths PLC - mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Announces its maiden JORC compliant mineral resource estimate for its Monte Muambe rare earths project in Mozambique. Says this shows 13.6 million tonnes at 2.42% rare earth oxide using a cut-off grade of 1.5% rare earth oxide. Says the estimate, which is focused on the high-grade zones of the deposit, is in line with its expectations. Read More
(Alliance News) - Altona Rare Earths PLC on Wednesday said it is planning additional work on one of its targets at Monte Muambe, after confirming high-grade ore at the site. Read More
(Alliance News) - Altona Rare Earths PLC on Wednesday said its Monte Muambe rare earths project in Mozambique reopened on Monday, with drilling to resume on or around Saturday next week. Read More
(Alliance News) - Altona Rare Earths PLC on Thursday said it has appointed Snowden Mining Industry Consultants (Pty) Ltd to prepare its maiden JORC mineral resource estimate and scoping study. Read More
Altona Rare Earths PLC - developing Monte Muambe magnet rare earths project in north west Mozambique - Starts trading on London Main Market on Friday after raising GBP2.0 million from a placing and subscription of 40 million new shares at 5 pence each. Cedric Simonet is promoted to chief executive officer from chief operating officer as of Friday. "The company is now focusing its attention on the short-term deliverables for Monte Muambe; namely a maiden JORC mineral resource estimate and scoping study, the increase of its holding in the project to 51%, the start of the pre-feasibility study and the application for a mining concession, which will further advance and de-risk the project," Simonet says. Read More