RNS Reach
03 November 2023
ALTONA RARE EARTHS PLC
("Altona" or "the Company")
Initiation of research by Allenby Capital
Altona Rare Earths (LSE: REE), a resource exploration and development company focused on Rare Earths in Africa, is pleased to announce the initiation of research by Allenby Capital Limited, one of the Company's joint brokers.
The research is available on Allenby Capital's website here.
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Altona Rare Earths Plc
Cedric Simonet, CEO +44 (0) 7778 866 108
Christian Taylor-Wilkinson, Business Development +44 (0) 7795 168 157
Novum Securities Ltd (Corporate Finance) +44 (0) 20 7399 9400
David Coffman
Daniel Harris
George Duxberry
Allenby Capital Ltd (Joint Broker) +44 (0)20 3328 5656
Kelly Gardiner / Guy McDougall (Sales)
Nick Athanas (Corporate Finance)
Optiva Securities (Joint Broker) +44 (0) 20 3411 1882
Daniel Ingram
Yellow Jersey PR (Financial PR) +44 (0) 20 3004 9512
Sarah Hollins
Annabelle Wills
Soraya Jackson
About Altona Rare Earths Plc
Altona is a resource exploration and development company focused on Rare Earths in Africa. The Company is listed on the Main Market of the London Stock Exchange.
Rare Earths are a group of 17 chemical elements, many of which are critical to the World's ongoing transition from carbon-based to renewable energies, and to the defence and communication sectors.
The Company currently focuses on the development of Monte Muambe, its flagship Magnet Rare Earths Project, located in Northwest Mozambique. The Project was acquired in June 2021, and the Company has so far drilled over 7,800m, and defined a maiden JORC Mineral Resource Estimate of 13.6 million tons at 2.42% TREO. A Competent Person Report including the Scoping Study for Monte Muambe was published on 18 October 2023. The Project is now entering its Prefeasibility Study stage.
Altona continues to take advantage of its position in Africa to assess other possible Rare Earths opportunities on the Continent.